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Opening a basic bank account

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Question: I am on a low income and I need to open a bank account. Some banks offer free accounts to people who are a certain age or lodge a certain amount of money - but I don’t qualify. Is there another option?

 

Answer: You can open a type of account called a basic bank account.

A basic bank account is a current account that has no maintenance fees or charges for everyday banking for at least one year.

To get a basic bank account you must:

* Not have another payment or current account with a bank in Ireland
* Be legally resident in the EU
* Be over 18 years of age (for most banks)
* Provide proof of identity and address and meet the bank’s criteria for opening an account
* A basic bank account comes with a debit card. You can also set up direct debits and standing orders and register for online banking.
* There are no charges for day-to-day banking, but there may still be charges for things like replacing your debit card, bank drafts, international services and missed payments. You should discuss this with the bank before opening your account.
* You cannot get a cheque book or an overdraft with a basic account.

At the end of your first year with a basic bank account, your bank will review your account. If the total amount lodged into the account within the year is less than the national minimum wage, you will continue to get fee-free banking for a limited time.

If you go over this limit, or if you have had a basic account for a total of five years, the account will be converted to a normal current account and you will pay fees and charges.

If you want to open a basic bank account, you should contact one of the main banks to find out how to apply.

You can find more information about managing your money and opening a bank account on the Money Advice and Budgeting Service (MABS) website mabs.ie.

During COVID-19, you can find comprehensive integrated information online at citizensinformation.ie/covid19/ and you can get daily updates on what’s changed on Twitter at @citizensinfo.

You can also get information and advice from:
Tralee on Tel: Call 0761 07 7860, Monday – Friday (10am-4pm)
The Citizens Information Phone Service: Call 0761 07 4000, Monday to Friday, 9am – 8pm
Our national call back service: Visit citizensinformation.ie/callback to request a phone call from an information officer.

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County Board open to GAA museum proposals

By Sean Moriarty The Kerry County GAA Board said it would operate “an open door policy” for any plans to build a GAA museum in the county. There have been talks at a political level to build such a museum in Kerry with political rivals in Killarney and Tralee both pushing for it to be built […]

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By Sean Moriarty

The Kerry County GAA Board said it would operate “an open door policy” for any plans to build a GAA museum in the county.

There have been talks at a political level to build such a museum in Kerry with political rivals in Killarney and Tralee both pushing for it to be built in their home town.

Before he retired from politics in April, Michael Gleeson was campaigning to build a GAA and cultural museum on the grounds of Fitzgerald Stadium.

His campaign goes back several years before the recession set in, with a €0.5 million bridging loan secured from Croke Park along with funding from Fáilte Ireland. That funding was lost with the onset of the recession before 2010.

Tim Murphy, the outgoing chairman of the Kerry County Board, has confirmed to the Killarney Advertiser that no approaches have been made to the County Board at executive level during his five year stint at the helm.

However, he said the Board would be open to such approaches provided there is sound financial planning behind the project in place.

“The first and most important aspect is the capital funding and my understanding is there needs to be Fáilte Ireland funding in place first,” he told the Killarney Advertiser. “If it gets up and running, there needs to be very clear talks with all stakeholders so everyone knows each others expectations. A museum attracts footfall, but it costs a lot of money to run. We would offer an open door policy to all proposals but funding, first from a capital point of view and then from an operational point of view, will need to be in place.”

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Loreto pupils are happy to help save the planet

By Michelle Crean School pupils are fast becoming the next generation of environmentalists thanks to a brand new litter-picking campaign. Happy to help save the planet one bit of litter at a time are the children from Scoil Bhríde, Loreto NS, who are currently partaking in the Picker Pal Programme. It’s all about taking on […]

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By Michelle Crean

School pupils are fast becoming the next generation of environmentalists thanks to a brand new litter-picking campaign.

Happy to help save the planet one bit of litter at a time are the children from Scoil Bhríde, Loreto NS, who are currently partaking in the Picker Pal Programme.

It’s all about taking on a litter-picking adventure in their local area as well as learning songs, reading storybooks, filling in activity books while witnessing that their real-world actions are making a positive difference and inspiring others to join the movement.

Picker Pals is a unique primary school programme that gives children the tools and motivation to become the next generation of environmentalists, teacher Claire O’Meara explained.

“The Picker Pal Programme is a fantastic initiative and will go a long way to raise awareness of the impact litter has on our environment,” she told the Killarney Advertiser.

Real litter-picking is motivated by a Picker Pack made from upcycled dinghy sails and containing adult and child litter-picking tools, gloves, hi-vis vests and safety information.

“This pack is then taken home by a different pupil every week. That child takes their adult on a litter-picking adventure. The children then tell the story of their litter-picking adventures through art and writing. Raising awareness is an essential part of the solution to littering. Picker Pals gives young people the tools and positive motivation to steward their local environment and make the world a better place.”

The programme, run by environmental NGO VOICE Ireland, is funded by the Department of the Environment, Climate and Communications and various local authorities across Ireland.

Now in its third year of operation, over one thousand schools all across Ireland will be taking part in the Picker Pals programme this year. In Kerry, 29 schools are taking part, and Scoil Bhríde, Loreto is delighted to be included, she added.

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