The banking system in Ireland is quite similar to the UK and the USA system so opening a bank account will not be complicated. Expats may find that working out tax can become quite difficult so most people do prefer to hire a tax expert.
There are different account facilities which are available in a wide range of banks and building societies along with multinational banks which have branches around the world. These are mostly useful for those have an account with the same bank in their foreign country.
Other big banks in Ireland include: Bank of Ireland, National Irish Bank and Ulster Bank.
Opening a bank account
Opening a bank account in Ireland is fairly easy and expats will be required to show some documents to start the process. Once an account has been opened it can take a few weeks for it to be activated.
Documents required opening an account (Each bank has its own requirements)
- Passport or a photo ID
- Visa
- Proof of address
- Details of previous banks
Once an account has been activated, expats will be able to use the services that are available to them such as online and telephone banking.
ATM’S are also found in and around all the town and city centres and most foreign cards will be accepted. Expats in remote areas will find that card facilities are limited.
Money
The official currency in Ireland is the EURO (EUR or €), divided into 100 cents
- Coins: 5, 10, 20 and 50 Cents, 1,2 EUR
- Notes: 5,10 20,50,100,200 and 500 EUR