Basic bank account

trant · 16-02-2021 04:18PM #1

Hello,

I've lived outside the country for over 10 years, but keep my bank account open in case I need to transfer funds in/out, and for credit purposes if/when I move home.

With the new €6 monthly fee it's quite a lot of money for an account I use once or twice a year. I phoned 365 Online and was told I didn't qualify for the Basic Account which seems to fit my needs perfectly. However, looking at the T&Cs I do meet the requirements and can sign a form stating that I have no other current accounts if that's required.

Eligibility Criteria
In order to qualify for a Basic Bank Account the following criteria applies:

Customers must be over the age of 18
Customers must be legally resident in the European Union (EU)
Customers must not already hold a personal payment account or current account with any bank in the Republic of Ireland (you will be asked to sign a declaration provided by us to confirm this)

[*]

Can you help with this?

Thanks!

Bank of Ireland: Tara · 16-02-2021 04:24PM

trant wrote: »

Hello,

I've lived outside the country for over 10 years, but keep my bank account open in case I need to transfer funds in/out, and for credit purposes if/when I move home.

With the new €6 monthly fee it's quite a lot of money for an account I use once or twice a year. I phoned 365 Online and was told I didn't qualify for the Basic Account which seems to fit my needs perfectly. However, looking at the T&Cs I do meet the requirements and can sign a form stating that I have no other current accounts if that's required.

Eligibility Criteria
In order to qualify for a Basic Bank Account the following criteria applies:
Customers must be over the age of 18

Customers must be legally resident in the European Union (EU)

Customers must not already hold a personal payment account or current account with any bank in the Republic of Ireland (you will be asked to sign a declaration provided by us to confirm this)

[*]

Can you help with this?

Thanks!

Hi trant,

Thanks for your post.

If the account you mention in beginning of your post is a current account and is held in Republic of Ireland, having this account means you don't meet the criteria for the Basic Bank Account.

Thanks
Tara

trant · 16-02-2021 04:27PM

Ok, thanks for the clarification.

Basic bank account

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