Bank of Ireland current accounts for December 2022

Get cashback rewards from well-known brands and access to savings accounts with Bank of Ireland

Bank of Ireland offers a current account for every stage of life, ranging from young savers to those in their “golden years”. Each one boasts a range of features and benefits.

Types of current account from Bank of Ireland

  • Personal current account

    Bank of Ireland’s personal current account offers cashback rewards from brands when you register your Visa Debit with their Live Life Rewards scheme. It also offers a simple pricing structure, allowing for greater control, online and mobile banking and access to Ireland’s largest network of cash machines and branches.

  • 2nd level current account

    The 2nd level current account is aimed at teenagers and young adults who are managing their own money for the first time. Features include a text top up, online and mobile banking and zero transaction fees.

  • 3rd level current account

    The 3rd level current account caters for students studying for either an undergraduate or postgraduate qualification. With this account, you can get cashback rewards and access to a large ATM network. The account doesn’t come with any transaction fees.

  • Graduate current account

    If you’re no longer a student, but have graduated within the last three years, you’re eligible for this account. This account comes with cashback rewards, a graduate overdraft, online banking and direct debits.

  • Young saver current account

    This account is designed to teach children the importance of saving, and to introduce them to the value of money. If that sound’s good, then you may want to consider the Young saver current account. It can be opened online in minutes and savings will receive interest.

  • Golden years current account

    This account is an upgraded version of the personal current account. You’re eligible to make this change when you turn 66. The main benefit of doing so is that this account helps you save on fees and charges; there are no quarterly transaction fees, for example. It also offers cashback rewards, online and phone banking and access to a large branch network.

  • Basic bank account

    Finally, Bank of Ireland offer a basic account, designed to simplify your everyday banking as much as possible. This comes with cashback rewards and 365 phone and online banking.

The benefits of banking with Bank of Ireland

  • Perks. The biggest perk must surely be the cashback rewards offered by Bank of Ireland across several of their current accounts. There’s also an extensive network of branches and ATMs, so you’ll never be caught short.
  • Multiple ways to bank. Bank of Ireland offers a range of ways to handle your funds, including mobile banking and high street branches.
  • Global acceptance. If you bank with Bank of Ireland, you’ll get a Visa Debit card. This means you don’t have to worry about card acceptance, no matter where you are in the world.

Opening an account with Bank of Ireland

To apply to open a current account online, you must have been a resident of the Republic of Ireland for at least two years. You must also be over 18, not a full-time student and be making the application on a sole or joint basis. You’ll need documents to prove your identity and address, so have your passport and utility bill or bank statement ready. Remember that if you’re applying online rather than in branch, you may need an extra proof of address document.

Why should I compare current accounts anyway?

In one way or the other, you use your current account every day, often multiple times a day. When you buy your morning coffee, when you plan a holiday, when you pay the rent, when it’s finally payday… the list is endless. It’s a basic financial product, but it’s a very important one, so you should really find something that’s tailored to your needs.

Also, competition between banks is quite harsh these days because current accounts are the most basic way they acquire new customers. They often try to attract them with nice rewards or conspicuous switching incentives, so it’s really worth taking a look at what’s around.

Frequently asked questions

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