How to Open a Bank Account in Ireland
Different countries have different policies regarding allowing a foreigner to open a Bank Account in
Ireland. Ireland is not an exception. Before a person decides to move to Ireland and open a bank
account, he needs to be aware about the laws of the country. To open a Bank Account in Ireland a
foreigner needs to arrive in person. A person who wants to open an account in a bank of Ireland needs
to decide certain things first of all. It is ideal to select a bank that is suitable for the needs of a person. If
a bank offers incentives for opening an account, that should be chosen. A number of banks offer free
gifts to the new customers.
If someone has come to Ireland for educational purposes he needs to see if a bank offers these
incentives for the international students. The facilities like cheque book, cash card are always welcome
for a person who is new to the country. One needs to consider the interest rate offered by the bank as
well. If a bank offers telephone banking it would be advisable to opt for its service.
The majority of the banks in Ireland offer two types of accounts- a deposit account and a current
account. The current accounts are best suited for those people who avail the account regularly for small
amounts of cash for buying clothes and food. A lot of banks offer the current accounts. While the
Deposit accounts have a higher rate of interest an account holder requires giving two weeks’ notice for
withdrawal of money.
These accounts are better suited for bigger amounts of cash and the students requiring tuition fees and
accommodation are likely to be benefited from this account. There are certain documents that are
required by the banks of Ireland for opening an account. A foreign resident needs a passport first of all.
The Offer letter given by the university or the organization where you have taken up a job is another
prerequisite for opening a Bank Account in Ireland.
A student also needs to give the address of his residence in his native country. Besides, an official
document bearing his residence address such as identity card, driving licenses is required. In some cases
it is possible to open a Bank Account in Ireland from another nation. But in that case the amount of the
primary deposit needs to be higher.
One of the most important parts of re-locating anywhere is having a bank account, somewhere you are
able to deposit, send and withdraw money from. In the Ireland Republic there are numerous banking
institutions, all of which are backed by the central bank, which means that your money will always be
safe. In the Ireland Republic you can open an account in the local currency, American Dollars (US$) or
To open a Bank Account in Ireland a foreigner needs to arrive in person. A person who wants to open an
account in a bank of Ireland needs to decide certain things first of all. It is ideal to select a bank that is
suitable for the needs of a person. If a bank offers incentives for opening an account, that should be
chosen. A number of banks offer free gifts to the new customers.