Ореnіng а GВР bаnk ассоunt іn іrеlаnd: whаt mеthоd dо уоu rесоmmеnd?

Discussion in 'Banking, credit cards, etc' started by tommybc, Sep 14, 2018.

  1. tommybc

    tommybc Frequent Poster

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    І hаvе 1000£ іn mу раураl but І dоn't wаnt tо sеnd thе mоnеу tо mу еurо ассоunt bесаusе раураl wіll соnvеrt іt & thеу сhаrgе а hіgh fее - іs thеrе аnуwау І саn ореn а GВР ассоunt іn іrеlаnd sо thаt І wоn't hаvе tо gеt thе mоnеу соnvеrtеd? Іf sо whісh оnе dо уоu rесоmmеnd?
     
  2. RedOnion

    RedOnion Frequent Poster

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    Open a revolut account, and transfer it there.
     
  3. CiaranT

    CiaranT .

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    +1 for Revolut.
     
  4. tommybc

    tommybc Frequent Poster

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    i tried that but the GBP account revolut uses for you isn't a personal account it's a public account, so when I tried connecting by entering the ASIN for adding a bank account in paypal it said "This bank is already linked to another account."
     
  5. CiaranT

    CiaranT .

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    There is both a public GBP account (where you have to use a unique reference to route your payment) and a private GBP account offered by Revolut.

    I would guess that you have used the public GBP account.

    Did you click on "local" under "British Pound Account" section of the app?
     
  6. RedOnion

    RedOnion Frequent Poster

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    That's what I was thinking as well, but when I tried it in my PayPal, it looks like PayPal will only accept a full IBAN. Only spent a few minutes, so there might be another way.

    With PayPal, can you transfer to a card?
     
  7. tommybc

    tommybc Frequent Poster

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    it seems pp requires a unique iban not associated with any account so i cant use the GBP iban since other people use that too

    unfortunately u cant transfer to a card with pp

    i wonder if transferring to the euro personal bank account of revolut will tranfer the currency to you in pounds as it is, or if itl convert to euro? the IBAN starts with GB which makes me wonder
     
  8. rob oyle

    rob oyle Frequent Poster

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    The bank fees would be a lot less than the time taken to open a new bank account for £100, unless you place littlr value your time.
     
  9. sahd

    sahd Frequent Poster

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    How about Transferwise? They have a "borderless account" - so you can set up a GBP account with an IBAN , pay into it from Paypal (I don't see why not) , then convert to Euro and pay out to your Irish account.
     
  10. WizardDr

    WizardDr Frequent Poster

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    I believe PTSB have sterling accounts.