Switching to An Post Bank

I have although not fully as waiting for KBC winding down. My understanding is they do not offer this service, why not, I can't explain but it would seem under central banks code of conduct re switching accounts , An Post are obliged to offer this service and indeed advertise this fact on their website, I can not see any info on their website.

Others with more banking expertise might be able to shed more light on this.

Not at all sure but if offering a current account in the state, according to central bank they are obliged to offer switching service. N26 don't offer this service either, perhaps its because they are Not physically based here, albeit they do offer current accounts 🤔

I've personally not had any problems myself , admittedly their customer care haven't quite grasped the concept of replying to emails but in fairness, the new updated app very good , Post Office staff we're never part of an post bank, they only process lodgements and withdrawals, in the same way they do for AIB and now BOI, an post money is essentially operating like N26 , Completely online.

A, that would make sense 😏

I had the An Post current account for a few months but I wouldn't recommend it. People associate it with State Savings because it's offered by An Post, but it's a separate offering. An Post isn't part of the cheque clearing system, so there can be a long wait until a cheque lodgement becomes accessible money. They're also not part of the deposit guarantee because it's a payment account (like Revolut), rather than a bank. I like it as an idea, but it's not really an alternative to a mainstream current account, like the post office banks in other countries.

Of all the things to worry about in this life An Post defaulting and you losing your money must be very,very far down the list.

Do you need a physical bank? N26 have spaces. You have the your current account and 2 spaces with the free account. They now have spare change rounding, like Revolut with the extra going into a space.

I have a credit union account if I ever need to lodge cash or cheque but haven't needed to so far.

Does the new app give you notifications for debits from your account in the same way Revolut does?

Avoid! No dedicated IE / An Post helpdesk staff, issues with some financial institutions as they are not technically a bank but a "Financial Services Provider" and for the icing on the cake, our account was cleared out not long after transferring over, apparently using our new card that had never been used. We did eventually get our money back but lesson learned.

Better the devil you know!

I'm with N26 and I love it. They're covered by the deposit guarantee scheme in Germany, so my funds are as secure as they would be in an Irish bank.