Unfortunately, permanent residents from Ireland are currently not able to open a Raisin Account at this time. The Central Bank of Ireland has asked us to postpone the acceptance of customers residing in Ireland until the ongoing discussions between Raisin and the Central Bank of Ireland have come to a close.
As soon as the situation has been clarified, we will inform you. We recommend that you sign up for our Raisin newsletter (in case you have not yet already done so) to be able to keep up to date with developments in this regard.
For Irish customers already registered and having a Raisin Account, no changes ; they can open new term deposits.
“The reason we have for now discontinued to accept new Irish customers is that the Central Bank of Ireland holds the opinion that Raisin would require a licence under the Investment Intermediaries Act,” Raisin said.
“We continue to work intensively on a concept that will allow Raisin to accept customers residing in Ireland again soon and will inform the Irish audience as soon as this is the case.”
The broker said European law allowed it to operate across borders using consumer protections in its home country because it did not solicit business directly from Ireland or other EU states.
More of the usual rubbish from the Central Bank. Block people like Frank and Raisin. Do nothing about the dodgy Irish operators and let the consumer eat cake. Laughable.
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