Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • ShonaB
    • By ShonaB 9th May 18, 12:01 PM
    • 2Posts
    • 0Thanks
    ShonaB
    Moving to Ireland: expat account best?
    • #1
    • 9th May 18, 12:01 PM
    Moving to Ireland: expat account best? 9th May 18 at 12:01 PM
    Does anyone have experience of setting up everyday banking as a UK citizen moving to Ireland?

    In particular:
    1. Is it worthwhile using an 'Ex pat' set up, to help manage money between UK and Ireland- and to use Offshore savings products? If so which bank is best? I had a recommendation of HSBC - any competitive others?

    2. I cant find any savings products in Ireland that look at all attractive - am I missing something - or is it best to keep savings in the UK, if possible? (are there many/any UK savings products that are accessible to non UK residents)

    3. More generally, which Bank in Ireland is best for everyday current account activites?
Page 1
    • xylophone
    • By xylophone 9th May 18, 1:13 PM
    • 27,257 Posts
    • 16,311 Thanks
    xylophone
    • #2
    • 9th May 18, 1:13 PM
    • #2
    • 9th May 18, 1:13 PM
    Have you checked with your UK bank(s) concerning keeping your UK bank account(s)?

    http://relocatingtoireland.com/irish-essentials/banking-in-ireland/

    https://www.bankofireland.com/help-centre/faq/open-non-resident-account/

    https://www.gov.uk/guidance/living-in-ireland

    https://transferwise.com/gb/blog/moving-to-ireland-guide

    http://www.citizensinformation.ie/en/moving_country/moving_to_ireland/

    Check on taxation of savings when you relocate to Eire.
    • Rich2808
    • By Rich2808 10th May 18, 7:50 PM
    • 651 Posts
    • 495 Thanks
    Rich2808
    • #3
    • 10th May 18, 7:50 PM
    • #3
    • 10th May 18, 7:50 PM
    I opened up an Irish account as a UK resident a few years ago in respect of an inheritance.

    Still have it. Its quite useful to have a euro account as well and it makes life easier in terms of paying bills/direct debits.

    Bank of Ireland and AIB are the market leaders - Ulster bank also operates current accounts and is part of the RBS Natwest group. KBC, Permanent TSB and I think ESB (the largest building society) also operate current accounts. Will depend in part whether you want access to a large branch network as AIB/BoI have branches everywhere whereas the others are limited to Dublin/Cork/Limerick City.
    • eDicky
    • By eDicky 11th May 18, 2:39 AM
    • 3,921 Posts
    • 2,076 Thanks
    eDicky
    • #4
    • 11th May 18, 2:39 AM
    • #4
    • 11th May 18, 2:39 AM
    1. Is it worthwhile using an 'Ex pat' set up, to help manage money between UK and Ireland- and to use Offshore savings products? If so which bank is best? I had a recommendation of HSBC - any competitive others?
    Originally posted by ShonaB
    No - they will stiff you on exchange rates every time you need to convert, there will be high minimum balance to avoid fees and worthwhile savings predicts are unlikely.

    Keep your pounds in a UK account and your euros in an Irish account, using Revolut or TransferWise etc for any conversion/transfers.
    • mjdh1957
    • By mjdh1957 11th May 18, 2:29 PM
    • 624 Posts
    • 640 Thanks
    mjdh1957
    • #5
    • 11th May 18, 2:29 PM
    • #5
    • 11th May 18, 2:29 PM
    I have kept my Halifax bank account in the UK and opened an Irish bank account online with KBC before I moved.

    No need for any special 'expat' account. Not that I'm an expat anyway. I think it's a horrible expression.

    Mortgage-Free since 27 May 2011.
    Retired in 2015.
    Moved to Ireland September 2017
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,269Posts Today

8,841Users online

Martin's Twitter