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Current account switch - AIB vs EBS? Is it worth choosing AIB?

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  • 26-02-2019 7:25pm
    #1
    TestLink
    Registered Users Posts: 768 ✭✭✭


    I have decided to switch my current account to another bank. I have either AIB or EBS in mind.

    I wont be using apple pay, google pay etc.

    I dont want credit card as well.

    I have N26, Revolut, Skrill prepaid cards.

    This current account would be used to receive my salary, grocery shopping, online purchases, ATM withdrawals etc. I would be able to keep Euro 2500 at all times.

    What makes me lean towards EBS is the lack of any charges, even though the account offers only basic services.

    So bit confused whether it would be worth switching to AIB.

    Appreciate any advice ...
    Tagged:


Comments

  • Options
    #2
    RHJ
    Closed Accounts Posts: 925 ✭✭✭RHJ


    TestLink wrote: »
    I have decided to switch my current account to another bank. I have either AIB or EBS in mind.

    I won't be using apple pay, google pay etc.

    I dont want credit card as well.

    I have N26, Revolut, Skrill prepaid cards.

    This current account would be used to receive my salary, grocery shopping, online purchases, ATM withdrawals etc. I would be able to keep Euro 2500 at all times.

    What makes me lean towards EBS is the lack of any charges, even though the account offers only basic services.

    So bit confused whether it would be worth switching to AIB.

    Appreciate any advice ...

    I think you should switch to EBS I mean what have you got to lose there are no charges for their basic account and aren't AIB quite expensive with monthly charges?

    The downside is I don't think EBS have a mobile app so you have to use their website but that's only a small thing plus it's one less app to have on the phone but apart from that I don't see any down sides.


  • Options
    #3
    Ten Pin
    Registered Users Posts: 2,815 ✭✭✭Ten Pin


    Just be aware that EBS don't have contactless.

    AFAIK salary can be paid to N26, (maybe other posters can confirm).

    CCPC comparison page...
    https://compare.ccpc.ie/CurrentAccountSearch


  • Options
    #4
    Bob24
    Registered Users Posts: 10,905 ✭✭✭✭Bob24


    Ten Pin wrote: »

    AFAIK salary can be paid to N26, (maybe other posters can confirm).

    As long as your employer abides by the law, yes they have an obligation to accept to pay you to any SEPA euro account, including an N26 one.

    Now of course if they don't want to or have a backwards payroll system which doesn't support it (it can happen!), even though it is illegal you might not want to create legal troubles for them :-)


  • Options
    #5
    TestLink
    Registered Users Posts: 768 ✭✭✭TestLink


    RHJ wrote: »
    I think you should switch to EBS I mean what have you got to lose there are no charges for their basic account and aren't AIB quite expensive with monthly charges?

    The downside is I don't think EBS have a mobile app so you have to use their website but that's only a small thing plus it's one less app to have on the phone but apart from that I don't see any down sides.

    AIB website mentions that if 2500 is kept at all times there are no charges. So is AIB not better than EBS?

    I only want to pay my salary to a main stream bank in Ireland to be on safe side.


  • Options
    #6
    alwald
    Registered Users Posts: 1,283 ✭✭✭alwald


    Is it possible to log into the EBS account on a phone via a browser?


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  • Options
    #7
    Bob24
    Registered Users Posts: 10,905 ✭✭✭✭Bob24


    TestLink wrote: »
    AIB website mentions that if 2500 is kept at all times there are no charges. So is AIB not better than EBS?

    As long as someone is willing to leave 2500 on the account at all times, I think it is a no brainer yes and they should go for AIB.


  • Options
    #8
    RHJ
    Closed Accounts Posts: 925 ✭✭✭RHJ


    For me, I would always be hesitant on leaving large sums of money in my current account due to the risk of fraud and I disagree on a security standpoint with banks that insist that you leave large amounts of cash in a current account.


  • Options
    #9
    JTMan
    Registered Users Posts: 5,535 ✭✭✭JTMan


    alwald wrote: »
    Is it possible to log into the EBS account on a phone via a browser?

    Yes but no app, no Google Pay, no Apple Pay, no contactless and not great features with their online banking.


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