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Get out of any yearly contract early hack

  • 14-01-2023 11:21am
    Registered Users Posts: 4,513 ✭✭✭

    Ok so a bit tongue in cheek title but this is what I've heard.

    Say your energy provider decided to raise prices but flagged that to you when you signed up, or termination early from broadband...

    Ring them up when the time comes and say you're switching all your banking to Revolut and want to give them your IBAN .

    Supposedly many Irish companies aren't set up to take Revolut so will insist on an Irish IBAN. But it's illegal for them to refuse.

    From "there are still some utility providers who may refuse to accept a non-Irish IBAN as their payment systems aren't modern enough so you might find yourself stuck. Some employers, including Government departments, encounter the same issue when trying to pay money into your account, even though this is illegal (it's referred to as IBAN discrimination). "

    So basically to save the customer service rep hassle, they will allow you termination without charge!


  • Registered Users Posts: 10,397 ✭✭✭✭28064212

    As do Bord Gais and Virgin (both recent changes). However, rather than accept all SEPA-compliant accounts like they're supposed to, they've just hardcoded it to accept Irish or Lithuanian ones. If you have, for example, an N26 account (German), they won't accept that. Stupid implementation. Although to be fair, I believe they will allow you to switch to a German account, you just have to do it via post instead of their online systems.

    Just to note, a company not accepting a non-Irish IBAN is not grounds for ending the contract. They may well allow you to exit based on the complaint, but that's just customer service, you won't be able to force an exit if they say no

    Boardsie Enhancement Suite - a browser extension to make using post-migration Boards on desktop a better experience (includes full-width display, keyboard shortcuts, and a dark mode setting)

  • Registered Users Posts: 8,017 ✭✭✭batistuta9

    It's more signing up that you'll have trouble with the non Irish IBAN, especially online, they might be able to over the phone. A lot will allow you to switch to non IE with a paper mandate once signed up with IE as mentioned, so they can do it. Or else they'd just send you paper bills, payzone etc.

    @28064212 bord gais will take N26 over the phone, so will pure telecom, didn't try online. Vodafone wouldn't over phone. you're best having a IE basic bank account for sign ups if using any of the foreign banks