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Opening Bank Account

rgossip30 · 2015-04-25 12:41:36

When you open a bank account what details are reported to revenue and how soon is this report made ?

25-04-2015 1:41pm

#1
rgossip30

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When you open a bank account what details are reported to revenue and how soon is this report made ?

Tagged:

revenue

account

bank

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Comments

#2 25-04-2015 3:33pm

homer911

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None

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#3 25-04-2015 3:42pm

Spocker

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If you're opening the account with a large amount of money, it may be reported to the Revenue Commissioners under Money Laundering legislation

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#4 26-04-2015 10:56am

rgossip30

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I got an e mail from KBC that initially any interest bearing account is reported to revenue with details. Then after only interest over 635 gross is reported.

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#5 26-04-2015 11:26am

Spocker

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You're probably referring to section 26.4 of this document - it means they will if they have to, not that that they do it automatically. All financial institutions would have that provision in their T&C's of various accounts.

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