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Why is Banking so hard!!

  • 30-09-2010 12:34am
    #1
    derra_121
    Registered Users, Registered Users 2 Posts: 320 ✭✭


    I am in a tricky situation and am looking for some help...

    Basically I am Irish and living in Ireland but I am working for a UK company and being paid in sterling. At the moment I have both a Uk bank account (RBS) and an Irish bank account (Permanent TSB).

    I get paid into my RBS account but it is costing me a fortune using my ATM/Debit card in Ireland.

    I am looking for a bank that will provide both a euro and a sterling account that I will be able to send money between accounts ONLINE. It is essential I can transfer money into Euro online preferably free of charge or very low cost I dont wanna have to pay €30 each time I make an international transfer

    Does this make sense?? I was looking at opening an account in Santander in the Uk as they have no transaction fees when abroad but only problem is I must be resident in the UK.

    Any suggestions welcome Thank you


Comments

  • #2
    homer911
    Registered Users, Registered Users 2 Posts: 5,150 ✭✭✭homer911


    €30 is insane for international transfers - I have made swift payments to UK bank accounts with a fee of no more than €5 so it shouldnt be any different in the reverse direction.

    I presume you are paying Irish Tax on these payments with relief under the double taxation agreements?


  • #3
    derra_121
    Registered Users, Registered Users 2 Posts: 320 ✭✭derra_121


    Ah ha ha funny you mention tax thats an even more complicated case.. Im letting an accountant sort all that out for me Iv spent the last 4 months trying to figure it out and im fed up at this stage even thinking about it!!


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