Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all! We have been experiencing an issue on site where threads have been missing the latest postings. The platform host Vanilla are working on this issue. A workaround that has been used by some is to navigate back from 1 to 10+ pages to re-sync the thread and this will then show the latest posts. Thanks, Mike.
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Emigration Financial Question

  • 03-06-2021 2:11pm
    #1
    Registered Users Posts: 29


    Hello all, hoping someone can provide advice.

    Due to move to UK later this year for work when restrictions ease (planning to apply for split-year treatment for tax).

    Beginning remotely and new employer wants bank details.

    Should Irish bank details be provided or would it be better to open a Wish bank account (as this doesn't require a UK proof of address)?

    What are the downsides/costs of providing a current Irish bank account?

    Thank you!


Comments

  • Moderators, Business & Finance Moderators Posts: 10,444 Mod ✭✭✭✭Jim2007


    If you are going to earn and spend in Sterling, then a Sterling account would avoid FX issues.


  • Registered Users Posts: 29 J0E_90


    Jim2007 wrote: »
    If you are going to earn and spend in Sterling, then a Sterling account would avoid FX issues.

    Thank you!

    Therefore, would instructing the to pay to Revolut for the next few month (until relocation and the setting up of a Sterling account with a traditional UK bank) perhaps be the best bet?


  • Registered Users, Registered Users 2 Posts: 659 ✭✭✭KevinK


    Pretty sure (maybe someone can confirm) that you can open a bank account in Newry with a ROI address.


  • Registered Users, Registered Users 2 Posts: 724 ✭✭✭athlone573


    KevinK wrote: »
    Pretty sure (maybe someone can confirm) that you can open a bank account in Newry with a ROI address.

    Northern Irish bank accounts , at least a few years ago, were bastardized versions of their British parents and didn't have full functionality with respect to credit transfers etc.

    Recent years have brought in heightened regulatory scrutiny in terms of Anti Money Laundering. In simple terms this means banks are very fussy about proof of address and name.

    I would recommend Nationwide Building Society, despite the cheesy ads, if they'll accept you.

    In the short term maybe Revolut if the fees work out, however they're not officially a bank yet so I would be wary of relying on them long term.
    You would also need to make sure that your revolut account has an account number that can accept incoming transfers without them getting lost.


  • Moderators, Business & Finance Moderators Posts: 10,444 Mod ✭✭✭✭Jim2007


    J0E_90 wrote: »
    Thank you!

    Therefore, would instructing the to pay to Revolut for the next few month (until relocation and the setting up of a Sterling account with a traditional UK bank) perhaps be the best bet?

    I would suggest you start by asking your employer what they will accept.


  • Advertisement
Advertisement