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Which bank is the best?

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  • 15-09-2013 1:58pm
    #1
    ro888
    Registered Users Posts: 5 ✭


    Hi,

    I am from UK and taking a new job in Lexilip.

    Never been to Ireland before, could anyone tell me which bank is the best for working personal?

    Also, as a fresh postgraduate from the UK, can I open a graduate account in an Ireland bank? or it has to be the normal current account only?

    Many thanks,

    John


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    #2
    BuffyBot
    Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    Define "best" for you.

    What features do you need? What's important for you? Are you looking for a fee paying package, or one you can avoid fees with?

    Generally, you would open a normal account. A PG account would be held with the bank you banked with during your college time (which, in this case, I would assume is in the UK).


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    #3
    ro888
    Registered Users Posts: 5 ✭ro888


    BuffyBot wrote: »
    Define "best" for you.

    What features do you need? What's important for you? Are you looking for a fee paying package, or one you can avoid fees with?

    Generally, you would open a normal account. A PG account would be held with the bank you banked with during your college time (which, in this case, I would assume is in the UK).

    Thank you for your reply.

    I am going to the account for daily banking, such as salary, bills and making local transfer and occasionally sending money to UK.

    In the UK, there are graduate accounts, which is apply to those graduated from the universities.


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    #4
    AlmightyCushion
    Moderators, Education Moderators, Technology & Internet Moderators Posts: 35,078 Mod ✭✭✭✭AlmightyCushion


    Permanent TSB are great. You get free banking if you have €1500 or more going into your account per month. Their savings account have decent rates but better rates are available elsewhere.


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    #5
    BuffyBot
    Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    Yup, if it's just an everyday current account then the permanent tsb option is probably the best on the market. €1500 inwards a month (i.e. salary) and no fees for most transactions.


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    #6
    AltAccount
    Registered Users Posts: 2,058 ✭✭✭AltAccount


    Do you have/need mobile phone insurance?

    Do you know who your employer banks with?


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    #7
    ro888
    Registered Users Posts: 5 ✭ro888


    AltAccount wrote: »
    Do you have/need mobile phone insurance?

    Do you know who your employer banks with?

    To be honest, I don't need the add-on bit if they charge.

    I believe my employer banks with Citibank, an odd one indeed.


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    #8
    JTMan
    Registered Users Posts: 5,540 ✭✭✭JTMan


    ro888 wrote: »
    Thank you for your reply.

    I am going to the account for daily banking, such as salary, bills and making local transfer and occasionally sending money to UK.

    In the UK, there are graduate accounts, which is apply to those graduated from the universities.

    PTSB for current account.

    However, don't use PTSB for a EUR to GBP transfer as they, like all other banks, will screw you on the FX rate. Instead us an online currency broker such as Transfer Mate.


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    #9
    JDxtra
    Registered Users Posts: 5,903 ✭✭✭JDxtra


    You must be starting in HP. They have small part time AIB and Bank of Ireland branches on site, which are handy for non cash transactions.


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    #10
    ro888
    Registered Users Posts: 5 ✭ro888


    JDxtra wrote: »
    You must be starting in HP. They have small part time AIB and Bank of Ireland branches on site, which are handy for non cash transactions.

    No, I am at Intel, any clue?


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    #11
    Shoves
    Registered Users Posts: 49 ✭Shoves


    Intel have Bank of Ireland branch on site - OH works there.
    We're both with Permanent TSB and have free banking so I'd go with them. AFAIK all the other main banks charge for every transaction on current accounts.


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    #12
    BuffyBot
    Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    To be accurate, they all do (including ptsb) - some are just less onerous to avoid ;)


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    #13
    JTMan
    Registered Users Posts: 5,540 ✭✭✭JTMan


    BuffyBot wrote: »
    To be accurate, they all do (including ptsb)

    Nope, there are no transaction fees with PTSB.

    There are two main types of current account fees, (1) variable transaction fees and (2) fixed maintenance fees. PTSB does not charge day-to-day banking variable transaction fees period, which some other banks do. However, PTSB charge fixed maintenance fees if you do not lodge 1,500 EUR per month.


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    #14
    BuffyBot
    Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    That's pretty much what I said - they do exist with ptsb, but are not onerous to avoid :)


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    #15
    Twix44
    Registered Users Posts: 31 ✭Twix44


    AIB


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    #16
    shadowcomplex
    Closed Accounts Posts: 4,097 ✭✭✭shadowcomplex


    Not the bank of ireland anyway


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    #17
    Mince Pie
    Registered Users Posts: 3,901 ✭✭✭Mince Pie


    Definitely not AIB, I set up my account with them some months ago after returning from the UK. I nearly fell of the chair when I saw that they had given themselves €33.00 as a quarterly charge.
    Can't amend direct debits online or over the phone, so had to go into the branch and their available balance is never up to date. My red face in the shop buying groceries is testament to that. So not really fit for purpose as a bank in my eyes.

    I will be changing to PTSB tomorrow on the basis of this thread and friends advice.


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