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An account for a US resident in order to be in a horse syndicate?

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  • 28-08-2013 9:40pm
    #1
    badger99
    Registered Users Posts: 1 ✭


    I am a US resident. I have dual US-Irish citizenship.  I have friends and family in Ireland and it looks like I am going to become part of a horse syndicate in Ireland.  I tend to visit Ireland roughly once per year.

    I have all my assets in the US right now.

    What I would like to do is:
    1. open a checking (current?) account in Ireland.  Start off that account with some amount of money equal to a few thousand dollars.
    2. be able to write a handful of cheques (1-2) every quarter to cover expenses of the syndicate.  Likely a few hundred dollars/euro each quarter.
    3. periodically transfer (wire?) money from the US to Ireland to "top up" the account.

    note that this account will be a personal account NOT the business account of the syndicate.

    Is this possible?

    If so, what would be the most economical way to do this?  (i.e. the minimum amount of fees, best exchange rates, etc).

    Thanks!


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    #2
    Bank of Ireland: Linda
    Closed Accounts Posts: 719 ✭✭✭Bank of Ireland: Linda


    Hi badger99,

    To open a new account with us you will need to contact the branch you wish to open an account with as it is as their discretion if they open a non resident account. You will then need to complete a new account application form and produce valid identification documentation, proof of true name and address.

    For Name: Passport, Driving Licence, International Identity Card.

    For Address: Utility bill, government document, etc issued within the last 6 months

    You can find full information on our Personal Current Account here.

    As you are based abroad, a financial advisor in the branch you decide to open an account with, can discuss the best and most suitable way for you to open an account.

    Thanks
    Linda


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