GB resident opening an account with Ulster Bank and other questions

Sambella

MyUsername wrote: »

Just found out that in the Republic of Ireland there is a a 12c "stamp duty" on cash withdrawals to a maximum of €5 per year. Basically the Irish Government taxes its own residents to access their own money. I don't think I will be opening an account in the Republic of Ireland.

This was an austerity measure I believe along with USC (Universal Social Charge) so could possibly end some time in the future.

System

I think they charge stamp duty on bank cards / cheques too.
Probably best to look for free withdrawal etc than a local account.

MyUsername wrote: »

Just found out that in the Republic of Ireland there is a a 12c "stamp duty" on cash withdrawals to a maximum of €5 per year. Basically the Irish Government taxes its own residents to access their own money. I don't think I will be opening an account in the Republic of Ireland.

Rich2808

The Irish government also apply a 30 euro annual stamp duty for every credit card you have - although its not applied to second cardholders on the same account. If you lose your card or its stolen they don't charge you 30 euro for the replacement!

http://www.revenue.ie/en/tax/stamp-duty/leaflets/stamp-duty-financial-cards.html

Well someone has to fund Apple's generous corporation tax concessions!

Toe-Jam

Why does it have to be with Ulsterbank, Permanent TSB have a free account and you don't pay the 30 euro card tax unless you are a ROI resident. I've had an account in the Republic of Ireland for years and never been charged the tax.

https://www.permanenttsb.ie/everyday-banking/current-accounts/basic-payment-account/

dggar

Biggles wrote: »

As do I, and I have never paid a fee. I will use my Halifax Clarity, Nationwide or Aqua CC or my Norwich & Peterborough debit card, all of which give me Euros without charge.

Unfortunately N&P debit cards, with no charge for cash withdrawals form overseas ATMs, are no linger available(for new applicants).