Ravima said:as far as I know, you will have to have a current account to pay the bills via direct debit..
They are strangers in the eyes of the law which could be relevant if a split ever occurs. No harm in people pointing out such facts and the prudent approach to same, no matter how unromantic it might sound, if it helps others. Unmarried couples or others buying together should put in place a suitable legal agreement (e.g. see here) covering the purchase and what happens in the event of people deciding to do their own thing. Ditto for other shared assets and shared accounts etc. Married couples have certain statutory rights in this area.dermot2006 said:I do believe her and her boyfriend are buying a house together, you make them sound as if they are strangers together when u warn them off being so careful about an overdraft. Lighten up a little!
irishlinks said:Why not go the whole hog and just have 1 account instead of 3? Just convert one of the existing accounts to a joint account.
Or close both and open a new joint one .
bsloe said:BOI will probably insist that the mortgage be paid from their account
If you want a NIB mortgage they insist you have a service account at the same branch. The NIB Freebank A/c and <60% LTV mortgage combo are hard to beat.Joe1234 said:Can a bank insist that if you take a mortgage from them, then you must also have a current account with that bank to pay the mortgage?
No.Joe1234 said:Can a bank insist that if you take a mortgage from them, then you must also have a current account with that bank to pay the mortgage?
But I think online transactions and debit cards are the way to go. plus, not having an overdraft facility is a must. AIB may throw in a few extra requirements but that should be incentive to pay closer attention to your finances. Its as important (if not more so) than your job.mell61 said:I'd agree that you need to look at living within your means, but why pay charges if you don't have to.... I see friends paying Eu30 a quarter to some banks, while we have free banking with NIB, and these are people in control of their finances (not over draft fees, or late fees).
Looking at past posts a lot of the free banking on offer is so tied up with jargon, use of debit cards, use of online transaction, minimum deposits, that you could very easily end up missing a 'requirement' and end up paying over the odds.
As far as I can see with NIB and PTSB they are the least convoluted set up for free banking (i'm open to correction by other posters if they know another good product).
At the end of the day Mainie would probably prefer to put the fees towards their bills / decorating / mortgage, than lining the pockets of a financial institute!
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?