How do I open a bank account?
To open a bank account in Ireland you must have:
What forms of identification can be used?
What can I use as proof of address?
Is it difficult to open a bank account in Ireland?
Yes, it can be. Some people who have returned home have experienced great difficulty in opening bank accounts. You should be aware that you may experience initial difficulty in opening a bank account as every bank has different rules.
What are my options when opening a bank account?
You should check what options the different banks offer you and choose the one that is best for you. Banks and Building Societies offer similar banking services and Automated Teller Machine (ATM) Cards. Bank charges are high – check the costs before you open an account. At the time of publication, Permanent TSB does not charge its customers for bank charges. Credit Unions are a also a good option and their charges are less than well known banks.
How long will it take?
It may take up to 3 weeks before your bank account is set up and ready for use, therefore, you should have some ‘ready cash’ to keep you going until your account is ready for you to use.
How do I bring money home from abroad?
If you are in such a fortunate position, you should hire a competent accountant in Ireland who is knowledgeable about the tax agreement with the country from which you are returning.
Where can I get independent advice and information about banking products and services?
The Irish Financial Services Regulatory Authority (IFSRA) provide consumer information and education about the costs, risks and benefits of financial products. If you require further information, you should contact:
Consumer Information Department, Irish Financial Services Regulatory Authority, P.O. Box
9138, College Green Dublin 2. Lo-call 1890 77 77 77 (from Ireland only) or + 353 1 410 4000 or Fax: + 353 1 410 4900 or drop into the Consumer Information Centre, College Green, Dublin 2. Web: www.mabs.ie
If I need help with my household budget or managing my money on my return who can help me?
The Money Advice and Budgeting Service (MABS) is a free and confidential service for people in Ireland with debt and money management problems. There are MABS offices all over Ireland, staffed by trained Money Advisers. Money Advisers will:
For details of your nearest MABS office contact the National Communications Office at No 8 Hilltop Business Centre, Raheny, Dublin 5. Tel: + 353 1 805 8546 Web: www.mabs.ie
I have a bank account overseas, what are my tax obligations in Ireland?
If you are a tax resident in Ireland you will have to declare all income. Please read Factsheet 8 for more information on Taxes.
The above information has been kindly provided by http://www.emigrantadvice.ie