N26 Bank Account

€0
Monthly Fee
- Euro IBAN account
- 0% foreign currency fees
- Google Pay and Apple Pay
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.
There are a number of no-fee current accounts in Ireland. These include:
Yes, it’s possible to apply for a bank account that doesn’t charge any monthly maintenance fees. Many of these accounts might also offer some fee-free transactions for cash withdrawals, depositing money into the account and setting up payments out of the account.
That said, banks have to make a profit in some way or another. So, even if some transactions are free, you might have to pay for other transactions and services. For example, having an overdraft facility will likely mean you’re charged interest if you use it. You might also face a fee if you don’t have enough funds in your account to make a direct debit or standing order payment.
Besides the fees, some of the main features to look for in a current account include:
When comparing fee-free current accounts, you should be aware of all the ways you could face charges. Look out for fees including:
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.
You can switch to a free current account when you find one that matches your needs. Most accounts can be opened online but if you’re not keen on doing it online, some banks will allow you to visit a branch or complete the application over the phone.
All you’ll need to do is complete the bank’s application process and fill in the switching form. The bank will handle all the logistics of moving your details over to your new account. It will also contact your direct debit and standing order providers to have these payments 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.
There are some free 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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