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Advice on moving banks

  • 07-02-2016 9:56am
    #1
    dave 27
    Registered Users Posts: 1,206 ✭✭✭


    Hi guys I'm currently with Aib and looking to move from them as I find them more on the expensive side. Could anyone recommend me a bank that costs the least amount to "run" we'll say and has the cheapest loan rate as I'll be looking to buy property in the next year or two,
    Thanks


Comments

  • #2
    Delta2113
    Registered Users, Registered Users 2 Posts: 2,734 ✭✭✭Delta2113


    PTSB Current Account if you can adhere to the below sentence.

    "Quarterly fee waived if the customer makes lodgement(s) amounting to at least €1,500 each month."


  • #3
    ImThatGuy
    Registered Users Posts: 64 ✭✭ImThatGuy


    I too am looking to do the same. I'm currently with BOI and recently was told I'm going to be charged (Just finishing my graduate account term).

    I'm kind of leaning towards Ulster bank, I think they have a minimum balance of €3000 at all times to get free fees, but I like the fact you can text to withdraw emergency cash. I seem to forget my wallet quite a bit and that would help.


  • #4
    Delta2113
    Registered Users, Registered Users 2 Posts: 2,734 ✭✭✭Delta2113


    Ulster Bank have a bad I. T. Record. I Would avoid them.


  • #5
    homer911
    Registered Users, Registered Users 2 Posts: 5,128 ✭✭✭homer911


    Delta2113 wrote: »
    PTSB Current Account if you can adhere to the below sentence.

    "Quarterly fee waived if the customer makes lodgement(s) amounting to at least €1,500 each month."


    Note that with PTSB there is currently no distinction between an internal transfer and an external transfer, or on the number of lodgements.


    Technically you could set up a PTSB savings account online, put €1 in and transfer it 1500 times (and back) into your current account IN THE ONE DAY and you would meet the criteria for free banking


  • #6
    dave 27
    Registered Users Posts: 1,206 ✭✭✭dave 27


    Lol imagine your bank statements 😂


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  • #7
    kefir32
    Registered Users Posts: 224 ✭✭kefir32


    ptsb for the win and their online banking is the best


  • #8
    The J Stands for Jay
    Registered Users, Registered Users 2 Posts: 5,786 ✭✭✭The J Stands for Jay


    kefir32 wrote: »
    ptsb for the win and their online banking is the best

    I have to say PTSB has the worst online banking of all the Irish banks and their android app is a joke.


  • #9
    Delta2113
    Registered Users, Registered Users 2 Posts: 2,734 ✭✭✭Delta2113


    PTSB online banking is fine in my opinion.


  • #10
    DMcL1971
    Registered Users, Registered Users 2 Posts: 1,444 ✭✭✭DMcL1971


    There is a thread on www.askaboutmoney.com that is kept up-to-date and gives the details of all the best current accounts, it can be found here http://www.askaboutmoney.com/threads/personal-current-accounts.21774/

    The upshot is that Number 26 is completely free but does not have any physical presence and is new to the Irish market. Therefore some people may be wary of trying them.

    PermanentTSB have the closest thing to free banking with the only criteria to meet being depositing 1500 each month.

    EBS also only require depositing 1500 each month or maintain a balance of 500 or greater. However their online banking is pretty weak.

    KBC require depositing 2500 each month.


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