Key Post Options for opening a bank account outside the Republic

Discussion in 'Deposits' started by Godfather, Nov 14, 2010.

  1. Godfather

    Godfather Frequent Poster

    Posts:
    591
    These are the main options for Irish citizens. If you are a citizen of another country, e.g. Italy, but resident in Ireland, it might be easier for you to open an account in that country than it would be for an Irish citizen.

    The information in this post has been taken from various reports on Askaboutmoney. Before taking any action based on this information, verify all the details for yourself. Please also report back your experiences here.

    Euro accounts

    Key Post: Keytrade bank in Belgium:

    Keytrade Luxembourg

    Britline in France:

    DKB Cash (1.65% on credit card positive balances) --> http://www.dkb.de/privatkunden/dkb_cash/index.html

    Cortal consors Tagesgeld (2.1% during 1st year) ---> https://www.cortalconsors.de/Produkte-und-Beratung/Konten/Tagesgeld-2-1
    Cortal Consors: a trip to any GERMAN post office will also suffice to have your ID "legitimized" (Postident Verfahren). You need to bing your Passport and a copy of the passport also needs to be put into the envelope.


    Barclays in France:

    Excellent article on opening an account in France

    BNP Parisbas in Germany – you must visit in person
    They have a new instant access a/c "Tagesgeld Konto" @ 2.1% for 1st year, also USD GBP & CHF foreign currency a/c's (0%). They're also in Bayern (Nuernburg) should you decide on a personal visit, but a trip to any Post office will also suffice to have your ID "legitimized" (Post ident Verfahren).


    Northern Ireland and UK

    Opening a sterling account in Northern Ireland

    Barclays
    barclays bank in france - Barclays Premier Life - 5% 3 month, 1.8% after. no deductions

    Barclays do a EUR online account for nonresidents. Minimum STG10k. Low interest rates. Seems to be covered by the
    UK guarantee.

    Other accounts outside the eurozone

    MBank Poland
    1.6% on current account and they are also outside eurozone


    Lloydstsb <--- International Lloyds TSB accounts around the globe in foreign currency

    Switzerland

    Excellent link on FAQ on swiss accounts:


    Keytrade bank in Switzerland


    Miscellaneous links
    Great link from burmo whom I thank:
    http://www.euro-cheque.com/banks/banking.htm

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  2. Godfather

    Godfather Frequent Poster

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  3. burmo

    burmo Frequent Poster

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    237
  4. AndrewR

    AndrewR New Member

    Posts:
    7
    How easy would it be to access your off-shore deposit(s)? e.g. walk into any branch of Keytradebank (or CA in France) with an account number, proof of identity and withdraw deposit in cash.
    Thinking of doomsday scenario where government freezes accounts and limits withdrawals
     
  5. Godfather

    Godfather Frequent Poster

    Posts:
    591
    Sorry, I don't know. I'm just summarizing suggestions from previous threads into one... :(

    I've the same query. Because I'm planning my retirement in Italy I moved my savings there so that if something happens to Italy I'll follow everyone's destiny there... So my suggestion is to keep money where you feel more confident. So for example, if you go on holidays in Germany and you trust them, then go for Germany...

    Pls see this thread for infos on why I attached it here (just in case):
    http://www.askaboutmoney.com/showthread.php?t=146503
     
  6. SPC100

    SPC100 Frequent Poster

    Posts:
    314
    Here are some notes I had myself on this subject which might help with the key post - I got most of these from posts on thepropertypin.com "eur wedge on the edge", but I dont have the names of the individual posters.

    german Nurnberg Sparkasse guy on properypin opened one there in the flesh
    keytrade
    britline.com
    commbankuk.co.ukà - hard currency?
    http://www.lloydstsb-offshore.com/ no fees if more thatn 2500 euro
    first trust in north - works using dublin address -was it euro?

    https://www.cortalconsors.de/euroWebDe/-
    They have a new instant access a/c "Tagesgeld Konto" @ 2.1% for 1st year, also USD GBP & CHF foreign currency a/c's (0%). They're also in Bayern (Nuernburg) should you decide on a personal visit, but a trip to any Post office will also suffice to have your ID "legitimized" (Post ident Verfahren).


    http://www.mbank.pl/en/ 1.6% on current account and they are also outside eurozone

    rabo dont allow international transfers!!

    inside eu Dirt rates apply, outside eu your marginal tax rate

    barclays bank in france - Barclays Premier Life - 5% 3 month, 1.8% after. no deducations


    Barclays do a EUR online account for nonresidents. Minimum STG10k. Low interest rates. Seems to be covered by the UK guarantee.
    http://www.barclayswealth.com/international.htm
     
  7. Brendan Burgess

    Brendan Burgess Founder

    Posts:
    32,821
    Hi Godfather

    I have reformatted your opening post for clarity.

    I would make the following suggestions:

    Don't try to cover every option - I have deleted the reference to the Italian citizen opening an account in Italy and the guy who wanted to open an account in Australia. They can cover this in separate posts as they will have very limited interest.

    Highlight which accounts can be opened remotely and which require you to go there in person. I might open an account with Deutsche Bank remotely, but I don't think I would bother making a special trip. If I was visiting Germany for other purposes, I might open an account while I was there.

    Say a few short words about the pros and cons of each option. For example.

    http://www.euro-cheque.com/banks/banking.htm What is this about?


    I have opened a second blank post for you after the first post. This might be useful if the first post is geting too long or to deal with some other issue e.g.
    List of links to "minority interests" e.g our Italian and Austrlian friends.

    Can you write something,( maybe in the second post?), about how to transfer money from a euro account in Ireland to an account abroad.

    And, well done, again.

    Brendan
     
  8. Expat64

    Expat64 Registered User

    Posts:
    30
  9. Godfather

    Godfather Frequent Poster

    Posts:
    591
    There is a misunderstanding Brendan, it is possible for irish people to open the accounts in Italy with Unicredit and Intesa San Paolo. But it's up to the branch to decide according to their level of English! :D

    "Your 1st Euro Account" section looks interesting. I'm not sure where I got it from sorry! :eek:
     
  10. oopsbuddy

    oopsbuddy Frequent Poster

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    480
    I'd like to open a Canadian dollar savings account - how do I go about that? Thanks
     
  11. Godfather

    Godfather Frequent Poster

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    591
    Added cortal consors and DKB.de
     
  12. DublinTexas

    DublinTexas Frequent Poster

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    300
    You might want to amend the BNP Parisbas entry to read

    but a trip to any GERMAN post office will also suffice to have your ID "legitimized" (Postident Verfahren). You need to bing your Passport and a copy of the passport also needs to be put into the envelope.

    The Postident only works with German postoffices not irish ones.
     
  13. Godfather

    Godfather Frequent Poster

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    591
    Thank you DublinTexas