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Non Resident Bank Account

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  • 17-11-2014 11:23am
    #1
    jsj
    Registered Users Posts: 2 ✭


    I am an Irish Citizen living abroad and would like to open a bank account in Ireland to make regular contributions. I will not require a credit card etc. The account will purely be used for savings.

    Does anyone know of any banks that will open an account even though I am not currently a resident?

    Thanks in advance


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    #2
    Mort5000
    Registered Users Posts: 419 ✭✭Mort5000


    I encountered a similar situation with a family member who is non-resident AND non-Irish.
    The critical issue was that the person opening the account needed to be present to open it...
    Their ultimate residency wasn't an issue.


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    #3
    jsj
    Registered Users Posts: 2 ✭jsj


    Hi Mort5000

    Thanks for your reply. You're right, it seems opening an account can only be done in person at a branch.


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    #4
    jaymcg91
    Closed Accounts Posts: 1,015 ✭✭✭jaymcg91


    I opened an account with KBC recently without going into the bank. Could try there?


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    #5
    Crann na Beatha
    Registered Users Posts: 11,763 ✭✭✭✭Crann na Beatha


    This post has been deleted.


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    #6
    skippy2
    Registered Users Posts: 393 ✭✭skippy2


    Why would you want to deposit money in an Irish bank and earn little to no interest on savings and pay DIRT on any interest you do get ??
    Surely you can earn better interest in whatever country you are in


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    #7
    bluemartin
    Closed Accounts Posts: 188 ✭✭bluemartin


    skippy2 wrote: »
    Why would you want to deposit money in an Irish bank and earn little to no interest on savings and pay DIRT on any interest you do get ??
    Surely you can earn better interest in whatever country you are in

    It is not just that the interest rate is paltry but whatever meagre bit you do get the government sees fit to take 40% of it in DIRT


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    #8
    Mort5000
    Registered Users Posts: 419 ✭✭Mort5000


    bluemartin wrote: »
    ...the government sees fit to take 40% of it in DIRT

    I believe non-residents are exempt from DIRT.


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    #9
    bluemartin
    Closed Accounts Posts: 188 ✭✭bluemartin


    Mort5000 wrote: »
    I believe non-residents are exempt from DIRT.

    yeah but its a real pain going from this thread, you may have to declare it in whatever country you living in abroad


    http://www.askaboutmoney.com/showthread.php?t=132937


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    #10
    Mort5000
    Registered Users Posts: 419 ✭✭Mort5000


    bluemartin wrote: »
    yeah but its a real pain going from this thread, you may have to declare it in whatever country you living in abroad


    http://www.askaboutmoney.com/showthread.php?t=132937

    Yes, certainly, you SHOULD declare it where you're domiciled, but the 40% shouldn't scare off potential savers.
    However, the insanely low interest rates should! ;)


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