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Using a foreign bank

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  • 22-07-2011 12:18pm
    #1
    limbovski
    Registered Users Posts: 146 ✭✭


    I have a personal account, a joint account, a business account and two credit cards with Bank of Ireland. A few DD and SO coming from each account - mainly the joint.

    How easy would it be for me to move these accounts to a different country but remain living and doing business in Ireland?


Comments

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    #2
    dragonbet
    Registered Users Posts: 66 ✭✭dragonbet


    Why????


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    #3
    Rebel1977
    Registered Users Posts: 802 ✭✭✭Rebel1977


    dragonbet wrote: »
    Why????

    Wat is peoples fasination with foreign banks


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    #4
    unclebill98
    Registered Users Posts: 3,816 ✭✭✭unclebill98


    Fear of a eurozone failure maybe!

    Dealing with this a lot on a day to day basis.


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    #5
    Rebel1977
    Registered Users Posts: 802 ✭✭✭Rebel1977


    Heard of people here opening sterling hold accounts etc


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    #6
    unclebill98
    Registered Users Posts: 3,816 ✭✭✭unclebill98


    Yeah but most banks have a large min balance needed to open. So the alternative is a working stg account.

    Making about 4-5 appointments a week for cross boarder branches to get accounts open.


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    #7
    pow wow
    Closed Accounts Posts: 5,288 ✭✭✭pow wow


    The costs of using a sterling account based in the UK would be quite high if you're using the account for day-to-day expenses, DDs, SOs etc. Deposit accounts I can understand but moving daily banking facilities over if you're still living in ROI would cost a fortune in fees.


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