Best Buy Personal Current accounts

Discussion in 'Banking, credit cards, etc' started by CiaranT, 5 Feb 2006.

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  1. CiaranT

    CiaranT .

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    Last edited: 12 Feb 2019 at 6:23 PM
    Products are frequently monitored. Information last changed: 12 February 2019.

    Best Value Current Account Products


    Aged 12-17 - Permanent TSB: My Cash - 0.50% & No Fees*
    Student - KBC, BoI, EBS, PTSB, Ulster Bank and KBC - No Fees*
    Graduate - AIB, BoI, EBS, Ulster Bank - No Fees*
    Normal Current Account - EBS: Money Manager - No Fees*
    Aged 60+ - KBC, EBS - No Fees*
    Aged 66+ - KBC, PTSB, EBS, BoI, AIB, Ulster Bank - No Fees*


    *No domestic day-to-day banking fees and no quarterly maintenance fees.

    1. Current Accounts with free banking with no conditions:

    EBS: Money Manager
    • Day-to-day banking: Free.
    • Lodgements can only be received in Euro's. Non Euro lodgements will not be automatically converted.
    • Credit interest rate: Zero.
    • Non euro cash withdrawals:1% (minimum €1.91, maximum €6.00) plus the MasterCard exchange rate margin.
    • Debit Card Type: MasterCard Debit

    2. Current Accounts with free banking if you make low ATM withdrawals:

    N26: Free
    • Day-to-day banking: No maintenance fee. 5 free ATM withdrawals per month, then €2.00 per additional withdrawal
    • Credit interest rate: Zero.
    • No cash lodgements allowed in Ireland.
    • Non-euro cash withdrawals: 1.7%.
    • Debit card type: MasterCard Debit.
    • No branches. Online only.

    Revolut: Standard
    • Day-to-day banking: No maintenance fee. No ATM fee. Free ATM withdrawals up to 200 GBP and then 2% charge applies.
    • Credit interest rate: Zero.
    • No cash lodgements allowed.
    • Non-euro cash withdrawals: First 200 GBP free of any charges - transaction at market FX rate. 2% charge thereafter.
    • Non-euro cash transactions: Free at market FX rate.
    • Debit card type: MasterCard Credit.
    • No branches. Online only.

    3. Free banking if you comply with conditions:

    KBC: Extra Current Account
    • Day-to-day banking: Free if you comply with the below conditions:
      (1) Lodge at least €2,500 to your account each month.
    • Credit interest rate: Zero.
    • Other benefits offered.
    • No cash lodgements allowed.
    • Non euro cash withdrawals: 3.5% (min €3.17, max €11.43).
    • Debit Card Type: MasterCard Debit

    AIB: Personal Bank Account (with mortgage)
    • Day-to-day banking: €4.50 per quarter and €0.35 per electronic transactions and €0.39 per branch/manual transactions and €0.39 per incoming credit transfer OR free if you have a mortgage with AIB and the mortgage is direct debited from your AIB current account.
    • Credit interest rate: Zero.
    • Non-euro cash withdrawals: Cash withdrawal transaction fee of up to 2.5% of euro value depending on currency. Commission of 1% of euro value is also charged (minimum €2.00, maximum €6.00).
    • Debit card type: Visa Debit.

    AIB: Personal Bank Account
    • Day-to-day banking: €4.50 per quarter and €0.35 per electronic transactions and €0.39 per branch/manual transactions and €0.39 per incoming credit transfer OR free if you comply with the below conditions:
      (1) Maintain a balance of at least €2,500 each and every day for a full 'fee quarter'. The 'fee quarter' ends on the last business day, that is a Friday, in February, May, August and November of each year.
    • Credit interest rate: Zero.
    • Non-euro cash withdrawals: Cash withdrawal transaction fee of up to 2.5% of euro value depending on currency. Commission of 1% of euro value is also charged (minimum €2.00, maximum €6.00).
    • Debit card type: Visa Debit.

    Permanent TSB: Explore Account
    • Day-to-day banking: €4.00 per month but 10 cent credit given per debit card usage up to €5.00 per month and cashback on some utility bills. Hence, possible to each €1.00+ per month from this account.
    • Credit interest rate: 1.00% up to €1,500.
    • Non euro cash withdrawals: 3.5% (min €3.17, max €11.43).
    • Debit Card Type: Visa Debit

    4. Current Accounts with free banking with Age/Student/Graduate Conditions

    Current Accounts with free banking for those aged 12-18:

    Permanent TSB: My Cash
    • Day-to-day banking: Free (no conditions)
    • Credit interest rate: 0.50% up to €20,000. **Best buy for those aged 12-18.**
    • Account opening restrictions:
      (1) Aged 12-18.
    • Non euro cash withdrawals: 3.5% (min €3.17, max €11.43).
    • Debit Card Type: Visa Debit

    Ulster Bank: Young People Account
    • Day-to-day banking: Free (no conditions)
    • Credit interest rate: Zero.
    • Account Opening Restrictions: Open to those aged 11 to 18.
    • Non Euro cash withdrawals: 2% (min €3, max €12), plus foreign exchange fee of 1.5%
    • Debit Card Type: Visa Debit.

    AIB: Student Second Level Account
    • Day-to-day banking: Free (no conditions).
    • Credit interest rate: Zero.
    • Account opening restrictions:
      (1) Aged 12-18 AND
      (2) In second level education.
    • Non-euro cash withdrawals: Cash withdrawal transaction fee of up to 2.5% of euro value depending on currency. Commission of 1% of euro value is also charged (minimum €2.00, maximum €6.00).

    Current Accounts with free banking for Students

    Ulster Bank: Student Account
    • Day-to-day banking: Free (no conditions).
    • Credit interest rate: Zero.
    • Account opening restrictions:
      (1) Aged 18 or over AND
      (2) Full time 3rd level student.
    • Non Euro cash withdrawals: 2% (min €3, max €12), plus foreign exchange fee of 1.5%
    • Debit Card Type: Visa Debit.

    KBC: Current Account (for students)
    • Day-to-day banking: Free.
    • Credit interest rate: Zero.
    • No cash lodgements allowed.
    • Non-euro cash withdrawals: 3.5% (min €3.17, max €11.43)
    • Debit card type: MasterCard Debit.

    BoI: Student Current Account
    • Day-to-day banking: Free (no conditions).
    • Credit interest rate: Zero.
    • Account opening restrictions:
      (1) Aged 18 or over AND
      (2) Full time 3rd level student.
    • Non-euro cash withdrawals: 3.5% (min €3.17, max €11.43).
    • Debit Card Type: Visa Debit (with all new cards issued).

    Permanent TSB: Student Current Account
    • Day-to-day banking: Free (no conditions)
    • Credit interest rate: Zero.
    • Account opening restrictions:
      (1) Aged 18 or over AND
      (2) In full time 3rd level education.
    • Non euro cash withdrawals: 3.5% (min €3.17, max €11.43).
    • Debit Card Type: Visa Debit

    Current Accounts with free banking for Graduates:

    Ulster Bank: Graduate Account
    • Day-to-day banking: Free (no conditions).
    • Credit interest rate: Zero.
    • Account opening restrictions:
      (1) Aged 18 or over AND
      (2) Graduated from a full time course of higher education, lasting 2 years or more, within the last 12 months.
    • In the month of July of the year after your graduation your account may be automatically converted into a Step Current Account.
    • Non Euro cash withdrawals: 2% (min €3, max €12), plus foreign exchange fee of 1.5%
    • Debit Card Type: Visa Debit.

    BoI: Graduate Current Account
    • Day-to-day banking: Free (no conditions).
    • Credit interest rate: Zero.
    • Account opening restrictions:
      (1) Aged 18 or over AND
      (2) Graduated from full time third level education in the last three years.
    • Non-euro cash withdrawals: 3.5% (min €3.17, max €11.43).
    • Debit Card Type: Visa Debit (with all new cards issued).

    Current Accounts with free banking for those aged 60+ or 66+:

    Permanent TSB: Current Account
    • Day-to-day banking: Free.
    • Credit interest rate: Zero.
    • Non euro cash withdrawals: 3.5% (min €3.17, max €11.43).
    • Debit Card Type: Visa Debit

    AIB: Advantage
    • Day-to-day banking: Free (no conditions).
    • Credit interest rate: Zero.
    • Account opening restrictions:
      (1) Aged 66 or over.
    • Non-euro cash withdrawals: Cash withdrawal transaction fee of up to 2.5% of euro value depending on currency. Commission of 1% of euro value is also charged (minimum €2.00, maximum €6.00).
    • Debit card type: Visa debit.

    KBC: Current Account Plus
    • Day-to-day banking: Free.
    • Credit interest rate: Zero.
    • No cash lodgements allowed.
    • Non euro cash withdrawals: 3.5% (min €3.17, max €11.43).
    • Debit Card Type: MasterCard Debit

    Ulster Bank: Step/Standard Account
    • Day-to-day banking: Free, you should not be charged the monthly maintenance fee if you are 66 years.
    • Credit interest rate: Zero.
    • Account opening restrictions:
      (1) Aged 66 or over.
    • Non Euro cash withdrawals: 2% (min €3, max €12), plus foreign exchange fee of 1.5%
    • Debit Card Type: Visa Debit.

    BoI: Golden Years Account
    • Day-to-day banking: Free (no conditions).
    • Credit interest rate: Zero.
    • Account opening restrictions:
      (1) Aged 66 or over.
    • Non-euro cash withdrawals: 3.5% (min €3.17, max €11.43).
    • Debit Card Type: Visa Debit (with all new cards issued).

    5. Current Accounts Without a Free Banking Option:

    BoI: Standard Current Account
    • Day-to-day banking: €0.10 per automated transaction, €0.60 for paper/staff assisted transactions and €5 maintenance fee per quarter. Transaction fees, but not maintenance fees, can be avoided if €3,000 is kept in the account each and every day during the quarter. These new fees apply from February 2015.
    • Credit interest rate: Zero.
    • Non-euro cash withdrawals: 3.5% (min €3.17, max €11.43).
    • Debit Card Type: Visa Debit.

    KBC: Current Account (standard product)
    • Day-to-day banking: €6.00 per quarter AND €0.30 per ATM transaction. Free ATM transactions, but not maintenance fees, if you maintain a balance of at least €2,000 each and every day in the quarter.
    • Credit interest rate: Zero.
    • No cash lodgements allowed.
    • Non-euro cash withdrawals: 3.5% (min €3.17, max €11.43)
    • Debit card type: MasterCard Debit.

    An Post: Smart Account
    • Day-to-day banking: €5.00 per month and €0.60 per ATM transaction.
    • Credit interest rate: Zero.
    • Non-euro cash withdrawals: €0.90 plus 3.0% of Transaction Value.
    • Debit card type: MasterCard Debit.

    N26 Black
    • Day-to-day banking: €5.90 per month.
    • Credit interest rate: Zero.
    • No cash lodgements allowed in Ireland.
    • Non-euro cash withdrawals: Free.
    • Debit card type: MasterCard Debit.
    • No branches. Online only support.
    • Added benefits including some insurance.

    Ulster Bank: Step/Standard Account
    • Day-to-day banking:
      €2.00 per month AND
      €0.01 per contactless transaction, €0.20 per automated transaction, €0.20 per debit card transaction, €0.35 per ATM withdrawal and €0.80 per branch transaction OR
      Free transaction fees (not not maintenance fees) if you maintain a cleared balance of at least €3,000 each and every single day in the calendar month.
    • Credit interest rate: Zero.
    • Non Euro cash withdrawals: 2% (min €3, max €12), plus foreign exchange fee of 1.5%
    • Debit Card Type: Visa Debit.

    Bunq: Premium
    • Day-to-day banking: €7.99 per month. 10 free ATM withdrawals per month.
    • Credit interest rate: Zero.
    • No cash lodgements allowed.
    • Non-euro cash transactions: 1.5% of the transaction amount.
    • Debit card type: MasterCard Debit.
    • No branches. Online only support.
    • 25 IBAN's allowed per account.

    Notes:
    • 'Day-to-day banking' is defined as quarterly fees, ATM fees, direct debit fees and standing order fees.
    • Post comments, feedback and questions in the banking forum.
    • If you want email updates on current account products you can subscribe to this thread.
    • A lot of the current account products above require you to keep a minimum balance in the account. This minimum balance will earn zero interest or a low rate of interest but could be earning interest in a savings account. Hence, it is generally not in your financial interest to keep a large balance in your current account.
     
    Last edited: 12 Feb 2019 at 6:23 PM
    mugsymugsy, DeeKie and tallpaul like this.
  2. CiaranT

    CiaranT .

    Posts:
    4,703
    Top post updated.

    Ulster Bank have changed their current account fees.
     
    becky likes this.
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