EBS MoneyManager current account review

With no maintenance or day-to-day transaction fees, an EBS current account is perfect for no-frills account seekers.

With many banks around Ireland providing current accounts, how do you know which one is right for you? Read on to learn more about what EBS has to offer, compare it to other current accounts available in Ireland and decide whether it’s the one for you.

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Maintenance fee

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Foreign transaction fee


Product NameEBS Money Manager
Fee periodMonthly
Maintenance fee0 €
Account TypeCurrent accounts
Online account onlyNo
Supported currencies


More Info

First established in 1935, EBS aims to provide a positive impact on communities and assists families in Ireland with savings and buying their first home. It has branches nationwide and offers a range of financial products and services including savings accounts, investments, mortgages, insurance and daily banking. Here we focus on the EBS current account.

How does the EBS current account work?

The EBS MoneyManager current account is a no-frills account suitable for people who don’t need extra bells and whistles that other banks offer such as an overdraft facility, rewards scheme or Apple or Google Pay. However, there are no fees for day-to-day transactions.

You can have your salary or wages deposited into this account to use for your daily transactions, and have a separate savings account to squirrel money away for a holiday, new home or a special purchase.

Key features

  • Online banking. View and manage your account online, set up payments and make transfers.
  • Mastercard debit card. With your new MoneyManager account you will receive a Mastercard debit card that you can use at ATMs, stores both in Ireland and abroad, and for shopping online.
  • Joint account. The MoneyManager account can have a maximum of two account holders, so you can use it as a joint account with your partner or housemate.
  • Separate savings account
  • Low fees. You won’t be charged a monthly maintenance fee and there are no fees for everyday transactions.

Fees and limits

EBS does not charge any maintenance or everyday transaction fees on this account. This means that you can make as many purchases or withdrawals as you like in Ireland without needing to worry about any build-up of fees you may be incurring.

However, the MoneyManager current account is not completely free. Some charges and limits apply for certain situations, including:

  • Monthly maintenance fee: €0
  • ATM withdrawal fee: €0.12 government stamp duty per withdrawal. Capped at €2.50 for debit card withdrawals only or capped at €5 for debit card purchases and withdrawals.
  • Non-euro-denominated ATM withdrawals: 1% of withdrawal sum – (minimum €1.91 and maximum €6)
  • Foreign currency purchases that are non-euro-denominated: 1% of withdrawal sum – (minimum €0.30 and maximum €6)
  • Unpaid cheques charge: €4.44
  • Unpaid direct debit charge: €6.35
  • Unauthorised overdraft charge: €5
  • Unauthorised overdraft interest rate: 3% per year above the EBS Mortgage Standard Variable Rate
  • Cheque withdrawal fee: €1.27
  • Maximum account balance limit: €500,000


EBS MoneyManager is the only current account on offer through EBS and it’s certainly a simple, no-frills account. This may appeal to you if you don’t want to pay monthly maintenance fees and like to keep things simple. However, if you want your current account to work harder and come with more benefits, it may be wise to look elsewhere. There are plenty of options in Ireland so shop around.

How to open an EBS current account

To open an account with EBS you must be 18 years of age and prove that you are a legally resident in the European Economic Area. At this time, you can only open an EBS current account by visiting a branch rather than applying online.

You’ll need to have the following documents with you when you apply:

  • Identification
  • Proof of address
  • Proof of your PPS (Personal Public Service) number

Check the opening hours of the branch you plan to visit or call ahead to book an appointment.

Compare a range of current bank accounts in Ireland

Name Product Maintenance fee Fee period ATM transaction fee
VIALET Current Account
0 €
€2 + 2% per withdrawal
An IBAN account you can use to manage your money and spend in over 200 countries worldwide, fee-free.
N26 Bank Account
0 €
€2 per withdrawal
Benefit from no monthly fee, no currency conversion fees and a raft of in-app budgeting features to help you save.
Wirex Standard
0 €
2% per withdrawal

Get a Welcome Bonus of $15 USD in WXT when you sign up with Wirex through Finder.

Benefit from an array of digital payment features, including a free prepaid Wirex card and unlimited fee-free transfers at interbank rates - with zero monthly subscription fee.
Wise Multicurrency Account
0 €
€0.50 + 1.75% per withdrawal
Wise (formerly TransferWise) is an international account with over 50 currencies, instant and very convenient money transfers, a card to spend in any currency, bank details to be paid in 30 different countries and multi-currency direct debits.
Revolut Standard
0 €
€1 + 2% per withdrawal
Enjoy no monthly fee, no currency conversion fees up to €1,000 per month and hold an array of currencies in your account.
AIB Student Account for 2nd Level Students
0 €
A current account for students aged between 12 and 18 years, who are in part time or full-time second level education. If you apply for a debit card, AIB will cover the annual Government Stamp Duty.

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