Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
The A to Z Guide to Bank Fees
The complete list of bank fees and charges in Ireland.
There are a number of fees that banks charge you in Ireland. We’ve put together an A to Z guide to bank charges in Ireland, covering everything from ATM withdrawal fees and overseas payments to fee waivers, so you can know what to expect.
A to Z guide to bank charges in Ireland
Although it’s almost always free to close your bank account, you will need to pay any outstanding maintenance or transaction fees and also clear your overdraft balance.
Some Irish banks will charge you for each contactless purchase you make. There is also a limit of €50 per contactless transaction.
Some banks will count your coins for free, while others may charge a handling fee of 5% of the value of the submitted euro coins.
These are free from most accounts when transferring online, but some may charge a fee of up to €0.20. Some banks even give you cashback on particular direct debits, such as permanent TSB‘s Explore account.
For breaking a fixed-rate mortgage, an early repayment adjustment and early repayment fee are charged.
Foreign currency conversion fee
You’ll almost always be charged a currency conversion, or foreign transaction, fee when you spend in foreign currency. This fee will be on top of any other charges and ranges from around 1% to 3%. However, some of the online banks including N26 and Revolut don’t currently charge a fee, so check out your options first.
Foreign exchange rate margin
Banks add a margin to the foreign exchange rate when you send money overseas, buy foreign currency or load a travel card. This margin can be as much as 3%-5% over the interbank rate.
International money transfers
The fees for sending money to a bank account in another country. Your transfer is going through multiple banks, so each one may take a fee.
The fact is, if you’re looking to send money overseas, you can get a far better deal using a specialist money transfer service.
Credit cards, personal loans, travel cards and overdraft accounts all come with issue fees. You can compare products to find a no-issue fee product; however, this isn’t always the best option.
Late payment fee
Applies to credit cards, overdrafts and other credit products. A fee is charged when you miss the minimum payment date.
These are charges by banks for maintaining your account. Typical fees range from around €2 to €6 a month, or €4.50 to €15 a quarter. While a lot of Irish banks charge these fees, it’s possible to find ones that don’t, or some that might waive charges for a fixed amount of time, so do your research and shop around beforehand.
The cost of going into your overdraft can vary a lot between banks, meaning you can avoid paying extra with certain current accounts. Some providers will charge an overdraft set-up fee – usually around €20 – while others won’t.
Returned item fees
Also known as a non-sufficient funds (NSF) or insufficient funds fee, a bank can charge a returned item fee because of a failed or returned transaction. This usually happens when there isn’t enough money in the account to pay a given transaction, and for those Irish banks that do charge it (as not all do) the fee is about €3.
Some banks may charge about €2.50 when you want a second copy of your last statement. This fee might be higher or lower depending on your statement request.
Some banks might charge you a small fee for telephone banking transactions – AIB, for example, charges €0.20.
While not a fee, waivers come in all shapes and sizes. You can get a waiver on a particular product if you’re a customer of the bank, and everyday bank fees like overdrawn fees, ATM fees and monthly fees can be avoided by being savvy about your choice of bank account. There are even accounts that give you cashback when you spend. Compare bank accounts to find a fee-free bank account for you.
The fees and charges listed in this guide to bank charges in Ireland are current at the time of writing and subject to change.
Compare a range of no-fee accounts in Ireland
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Frequently asked questions about bank charges in Ireland
More guides on Finder
Review: Kriptomat cryptocurrency exchange
Discover the features available on the EU-focused Kriptomat cryptocurrency exchange, how to get started and what cryptocurrency investor the exchange is best suited for.
OnlyFans IPO: How to buy OnlyFans shares from Ireland
What you need to know about investing in OnlyFans from Ireland.
How to buy, sell & trade Groestlcoin (GRS)
Want to learn how to buy Groestlcoin in Ireland? In our step-by-step guide, we’ll show you where to buy or sell it.
Foreign currency accounts in Ireland
International banking transactions can be made easy with the help of a multi currency account. If you find that you are consistently trying to manage currencies other than the Australian dollar, then consider banking your money in this type of account.
Debit cards for kids
Support your child’s financial knowledge and teach the important real-life money skills in a safe and controlled way with a kids debit card.
AscendEX (BitMax) Cryptocurrency Exchange Review
A complete review of the AscendEX exchange, covering trading and DeFi features, associated fees, regulation and security. Is AscendEX right for you?
Axie Infinity guide: How to play and earn
Axie Infinity is an RPG game that is currently dominating the NFT sector. Discover what Axies are, what makes them unique and how you can earn money simply by playing.
Cashback incentives: What is cashback?
Discover how you can get your money back with a cashback incentive.
Revolut alternatives including banks, apps and competitors
There are a number of cards and banking apps similar to Revolut that you can use in Ireland, so we’ve put together a list and compared their features for you.
Using a debit card abroad
A debit card with little or no international transaction fees makes it a great option to use abroad. We look at the pros and cons of using a debit card abroad.
Ask an Expert