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No fee current accounts in Ireland

Enjoy free banking with a no-fee bank account.

N26 Bank Account

N26 Bank Account logo

0 €

Monthly Fee

  • Euro IBAN account
  • 0% foreign currency fees
  • Google Pay and Apple Pay
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Fees on current accounts in Ireland have been on the rise, with some accounts costing you more than €70 a year. But if you shop around it is possible to find a no-fee current account for free banking in Ireland. In this guide, we will take you through how these accounts work, what other fees to look out for and how to find one for you.

Compare a range of no-fee current accounts in Ireland

Name Product Maintenance fee Fee period ATM transaction fee
VIALET Current Account
0 €
Monthly
€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 €
Monthly
€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 €
Monthly
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 €
Monthly
€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 €
Monthly
€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 €
Monthly
€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.
KBC Student Current Account
0 €
Monthly
€0
Benefit from a broad range of banking features, including free day-to-day transactions and withdrawals with this digital-focus transactional account.
Ulster Bank Foundation Account
0 €
Monthly
€0
A hassle-free current account which lets you withdraw up to £300 cash per day. You could also access an emergency Cash service if your debit card is lost or stolen.
KBC Current account Plus
0 €
Monthly
€0
Over 60s can benefit from fee-free everyday banking and pay zero quarterly maintenance fees.
AIB Student Plus Account
0 €
Monthly
€0
A handy student account designed to make it easy for you to manage your banking in college. There are no quarterly maintenance and transaction fees to worry about.
Bank of Ireland 2nd Level Current Account
0 €
Monthly
€0
A current account with a Visa Debit card that can be used to withdraw cash from ATMs and pay for goods and services. Online banking, Mobile banking and Telephone banking are all available with this account.
EBS Money Manager
0 €
Monthly
€0
A fuss-free current account which charges no fees for day-to-day transactions. You'll receive a Mastercard debit card that you can use at ATMs, stores both in Ireland and abroad, and for shopping online.
Bank of Ireland Graduate Current Account
0 €
Monthly
€0
A graduate current account that you can apply for if you have graduated from full-time third level education in the last three years. Get cashback rewards from top brands when registering your Visa debit card with Live Life Rewards.
KBC Basic Bank Account
0 €
Quarterly
€0
Benefit from a range of everyday banking transactions and pay zero fees.
AIB Advantage Account
0 €
Monthly
€2.50 per withdrawal
A versatile current acccount for customers aged 66 or over. There are no maintenance or transaction fees. Plus, you can manage your bills in any AIB branch, via the AIB app or Internet Banking.
KBC Teen Current Account
0 €
Quarterly
€0
Under 16s can benefit from free everyday banking as well as free Euro ATM withdrawals, without having to pay any quarterly maintenance fee.
SWIRL Prepaid Mastercard
0 €
Monthly
€1.50 per withdrawal
A secure, prepaid card that lets you manage and spend your money globally. Use in-store and online at over 30 million locations worldwide.
Ulster Bank Student Account
0 €
Monthly
€0
Access a host of convenient online and mobile banking features, as well as cashback rewards with this current account.
Bank of Ireland Golden Years Current Account
0 €
Monthly
€0
A personal current account for those who are 66 or older. This account comes with no quarterly current account transaction fees. Bank at a time that suits you with Online banking, Mobile banking and Telephone banking.
KBC Extra Current Account
0 €
Quarterly
€0.30 per withdrawal
Lodge €2,000 every month and avoid maintenance fees and Euro ATM withdrawal fees, plus benefit from fee-free everyday banking transactions.
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Compare up to 4 providers

What current accounts have no fees in Ireland?

There are a number of no-fee current accounts in Ireland. These include:

  • N26. N26 is an app-based account and its standard card offers up to five free ATM withdrawals in euros each month, as well as free payments in any currency for no monthly fee. You can set daily spending limits, lock or unlock your card and reset your PIN from anywhere in the world, 24/7.
  • AIB. As an established bank, AIB lets current account customers qualify for free banking and account maintenance if they have a direct debit set up from their Personal Current Account to pay their AIB primary home mortgage. Otherwise, a range of fees apply.
  • Revolut. Revolut is a global free banking app that has 0.5% currency conversion fees and charges nothing on ATM withdrawals of up to €200 per month (there’s a 2% charge after that). You get a European IBAN, plus a UK account number and sort code and features including split-bill payments to help you divide group spending.
  • EBS. EBS offers a number of current accounts, including its MoneyManager account which has no maintenance fee or charges for day-to-day transactions. However, the account isn’t linked to a mobile app and doesn’t have an overdraft facility.
  • bunq. A bank account designed for global citizens, bunq lets you create up to 25 bank accounts each with a unique IBAN. You can also benefit from no foreign exchange fees and you can transfer your money with ease.
  • KBC Bank Ireland. KBC also offers a few current accounts, but its Extra Current Account offers free banking with no fees. Keep in mind you’ll need to put at least €2,000 a month into your account. Its range of digital wallet compatibility, which includes Apple, Google and Fitbit, distinguishes the company from some rivals.

What other features should I look for when choosing a current account?

Some of the main features to look for in a current account include:

  • Cashback and rewards. A number of current accounts offer cashback which accumulates as you spend. Many banks have their own rewards schemes. There may be a fee with these types of accounts, but it may be worth paying if the cash benefit is more than the cost
  • Bundles. Look out for accounts that include access to additional services once you sign up, which can include car, home, phone or travel insurance
  • Customer service. Do your research to find out if the bank you’re comparing has a good rating among its users. This can make you feel more assured to switch over to a new bank
  • Overdraft facilities. 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, while others won’t
  • Student accounts. Banks in Ireland are eager to get students to open a specialist account with them. If you’re starting uni, you may be offered some great benefits to switch but make sure you’re fully aware of any changes to your account once you finish your studies.

What other fees come with current accounts?

When comparing fee-free current accounts, you should be aware of all the ways you could face charges. Look out for fees including:

  • Foreign exchanges or purchases (average cost 1.75% of transaction value)
  • Replacement or additional cards (€3 average)
  • Overseas ATM withdrawals (average cost of 3.5% of transaction value)
  • Statement reissuing (€2.50 average)
  • Overdraft, both arranged and unarranged (€20 average cost)
  • Returned item fees (€3 average cost)
  • Outgoing wire transfers (€20 average cost)
  • Telephone banking transactions (20 cents average cost)

Make sure you check the terms of each no-fee current account to be fully aware of any other conditions they might have, so that you understand how to avoid penalties in these areas.

How to switch to a free current account

You can switch to a free current account using the switching service. Your bank will have a switching form on its website which you need to fill out. Once that’s done, it will contact your direct debit providers so they are redirected to your new account. The switch should be made within 10 days.

Keep in mind that digital banks may not offer the switching service, so you need to change your details yourself.

Find out more about how to switch current accounts here.

Bottom line

There are a growing number of free banking current accounts in Ireland to choose from. But after looking at your options, you may feel that a bank offering a great cashback or reward scheme is better for you than a no-fee current account. That’s why it’s a good idea to look into a wide range of different accounts, including all their features and costs, before settling on one that meets your needs.

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