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Online banking in Ireland

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  • 29-04-2014 9:37pm
    #1
    Registered Users Posts: 17


    Hi,
    I am about to move to Ireland. In my country (Italy) I have a wonderful bank account: basically i) it's free (no fees) ii) I can do everything online (bank transfers, pay bills, all sort of things), iii) If I need to speak with a consultant the bank send someone at my house, we can arrange the hour (for example in the evening, after work)

    There are alternatives in Ireland? Suggestions?


Comments

  • Registered Users Posts: 2,707 ✭✭✭Delta2113




  • Registered Users Posts: 9,624 ✭✭✭wmpdd3


    .
    Hi,
    I am about to move to Ireland. In my country (Italy) I have a wonderful bank account: basically

    i) it's free (no fees) Mostly free banking with PTSB as long as €1500 per month goes into you account
    ii) I can do everything online (bank transfers, pay bills, all sort of things), Can do those things alright, code sent to phone to allow you to do it.
    iii) If I need to speak with a consultant the bank send someone at my house, we can arrange the hour (for example in the evening, after work) Ha, Ha no, you may visit a queue for a machine in a branch that you can find that hasn't been closed. Other than that, call them.


  • Registered Users Posts: 17 moonbiter


    wmpdd3 wrote: »
    .

    Traditional banks in Italy are awful (I suspect, far worse than Irish banks) but recently we got some online banks that are great. I suspect I will miss mine :D
    I read that normally in Ireland I have to confirm by phone operations performed online. Is it true for all banks?
    Does anyone use hardware keys, or authorization codes sent as text messages or any alternative to the phone call?


  • Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    Yes. PTSB by SMS, AIB by digital device etc.


  • Registered Users Posts: 17 moonbiter


    BuffyBot wrote: »
    Yes. PTSB by SMS, AIB by digital device etc.

    Good to know!
    Would you suggest PTSB or AIB?


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  • Registered Users Posts: 1,238 ✭✭✭Kaizersoze81


    moonbiter wrote: »
    Good to know!
    Would you suggest PTSB or AIB?

    Tsb if you want free banking(provided 1500 goes through your current acc each month-this can include transferring money in and out of your savings to get to the 1500 figure if you wish). I've been with bank of ireland, Aib and tsb all recently and would recommend tsb, unless you like paying approx 50-60 euro per banking quarter in transaction fees. If you do then choose Aib


  • Registered Users Posts: 19,020 ✭✭✭✭murphaph


    Why not just keep using your online Italian bank? That's the whole point behind SEPA.


  • Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    moonbiter wrote: »
    Good to know!
    Would you suggest PTSB or AIB?

    Neither, (as I don't bank with them) - though I'm sure PTSB will require some phone contact (at least to set up some transactions) if I recall correctly?

    AIB is the only one with a 24/7 call centre that I know of. Why is telephone contact a blocker?


  • Registered Users Posts: 3,772 ✭✭✭jameshayes


    the only time I need phone /sms verifications with ptsb is when I'm adding new transactions (ie. new bill provider etc) I cant remember the last time I had to do it!


  • Registered Users Posts: 17 moonbiter


    murphaph wrote: »
    Why not just keep using your online Italian bank? That's the whole point behind SEPA.

    Well, when I was in Germany all the services required a German bank account... I was also required by my employer to have a German account, I suppose it would be the same in Ireland.
    Moreover if I have any problem with my cards it would take some time to have them back.


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  • Closed Accounts Posts: 4,180 ✭✭✭hfallada


    moonbiter wrote: »
    Well, when I was in Germany all the services required a German bank account... I was also required by my employer to have a German account, I suppose it would be the same in Ireland.
    Moreover if I have any problem with my cards it would take some time to have them back.

    I worked with a ton of Italians and most kept their Italian bank accounts. Its quite difficult to open an Irish bank account quickly in Ireland.


  • Registered Users Posts: 17 moonbiter


    BuffyBot wrote: »
    Why is telephone contact a blocker?

    Being not a native speaker is a bit awkward to speak in English over the phone, I prefer to do everything online without any human interactions involved: it is simpler, faster and more relaxing for me.


  • Registered Users Posts: 17 moonbiter


    jameshayes wrote: »
    the only time I need phone /sms verifications with ptsb is when I'm adding new transactions (ie. new bill provider etc) I cant remember the last time I had to do it!

    It seems reasonable then, probably it is also safer


  • Registered Users Posts: 19,020 ✭✭✭✭murphaph


    moonbiter wrote: »
    Well, when I was in Germany all the services required a German bank account... I was also required by my employer to have a German account, I suppose it would be the same in Ireland.
    That was (presumably) before SEPA. Things are (or should have) changed in this regard. You should be able to provide your employer in Ireland with the IBAN+BIC and be able to receive your pay as normal.
    moonbiter wrote: »
    Moreover if I have any problem with my cards it would take some time to have them back.
    This is the only real issue you might have. The Italian bank may not allow a change of address to Ireland but if they do (Irish banks allow changes of address to outside the state-I receive correspondence from AIB and BoI in Germany and receive SMS codes for BoI online banking to my German mobile) then it's no problem. If I send a letter from Germany to Ireland and one to say, Italy, the letter to Ireland will get there first because it'll always go by airmail, whereas the letter to Italy will go overland. It only takes an extra day or two for me to receive letters from Ireland and vice versa.

    It's worth a shot. I know my German bank will also allow a change of address to another EU state and even further afield to the US, for example. They will send cards etc. there. Perhaps your user friendly Italian bank will also oblige.


  • Registered Users Posts: 17 moonbiter


    murphaph wrote: »
    That was (presumably) before SEPA. Things are (or should have) changed in this regard. You should be able to provide your employer in Ireland with the IBAN+BIC and be able to receive your pay as normal.


    This is the only real issue you might have. The Italian bank may not allow a change of address to Ireland but if they do (Irish banks allow changes of address to outside the state-I receive correspondence from AIB and BoI in Germany and receive SMS codes for BoI online banking to my German mobile) then it's no problem. If I send a letter from Germany to Ireland and one to say, Italy, the letter to Ireland will get there first because it'll always go by airmail, whereas the letter to Italy will go overland. It only takes an extra day or two for me to receive letters from Ireland and vice versa.

    It's worth a shot. I know my German bank will also allow a change of address to another EU state and even further afield to the US, for example. They will send cards etc. there. Perhaps your user friendly Italian bank will also oblige.

    That is something I should consider, I will call my bank and ask and later ask my company in Ireland.
    Thank you for all the advices, this forum is great!


  • Registered Users Posts: 19,020 ✭✭✭✭murphaph


    You're welcome. Best of luck with the move over!


  • Moderators, Business & Finance Moderators Posts: 10,276 Mod ✭✭✭✭Jim2007


    murphaph wrote: »
    Why not just keep using your online Italian bank? That's the whole point behind SEPA.

    Exactly :D


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