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Need to set up a bank account - completely clueless

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  • 14-07-2012 10:46pm
    #1
    leaveiton
    Closed Accounts Posts: 1,778 ✭✭✭


    I need to set up a bank account soon as I'll be starting work soon. I've just finished my Leaving Cert, so I'm in a sort of limbo state between being a second level student and a third level one. I have a couple of questions. First of all, what type of current account can I set up? Am I eligible for a student account despite not yet being a full-time student? I'm also a bit unsure about where would be best to bank with. My mother reckons I should go with Bank of Ireland as there's one close by, but would this be a good choice? I'm absolutely clueless when it comes to anything like banking and finance, so any advice would be appreciated :o


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    #2
    ravima
    Registered Users Posts: 848 ✭✭✭ravima


    all the three Irish banks have 'packages' for students. talk to all three before you make up yoru mind.


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    #3
    stanley1
    Registered Users Posts: 1,520 ✭✭✭stanley1


    bring plenty of id.


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    #4
    JTMan
    Registered Users Posts: 5,540 ✭✭✭JTMan


    leaveiton wrote: »
    First of all, what type of current account can I set up? Am I eligible for a student account despite not yet being a full-time student?

    No, strictly speaking you are not eligible for a student account. However, if you give proof that you are about to start a 3rd level course, then you should be able to open an account.
    leaveiton wrote: »
    I'm also a bit unsure about where would be best to bank with. My mother reckons I should go with Bank of Ireland as there's one close by, but would this be a good choice?

    All options are here.

    BoI don't have great online banking features.

    I would go with PTSB with the below account.
    Permanent TSB: Student Current Account
    • Day-to-day banking: Free (no conditions)
    • Credit interest rate: Zero.
    • Account opening restrictions:
      (1) Aged 18 or over AND
      (2) In full time 3rd level education.
    • Non euro cash withdrawals: 3.5% (min €3.17, max €11.43).
    • Debit Card Type: Visa Debit


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    #5
    JTMan
    Registered Users Posts: 5,540 ✭✭✭JTMan


    ravima wrote: »
    all the three Irish banks have 'packages' for students. talk to all three before you make up yoru mind.

    There are 5 Irish banks that offer clearing services and 10+ that offer consumer services.

    For student accounts, there are 5 options. Namely, PTSB, Ulster, BoI or AIB. NIB no longer have a student specific account bur you can open a regular account with them.


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