It has been said many times that you must have your PPSN before you can open your bank account in the Republic of Ireland. This is not true. We went to the Bank of Ireland. I opened my bank account using a letter from my landlady confirming that I lived at her address, along with a copy of a utility bill in her name and my passport. The bank staff said that they required official documentation in my name and address to keep the account open after four weeks, but would open me a “Limited” account in the mean time.
They did give me the following options:
- I could open the bank account in my UK address, using my driving license
- I could supply a television license in my name and address.
- I could get take in the PPSN Letter (or any other letter) when it arrived.
The bank took a copy of my Driving License, Passport, The Utility Bill, and signed letter from my landlord and progressed opening the account. My bank account debit card arrived at my home address within about five days of walking into the Bank of Ireland branch in Raheny, Dublin 5.
Once my PPSN letter arrived (it took about a week) I took that into the branch and he scanned it onto the system, and confirmed everything was fine. The bank DID NOT REQUIRE MY PPSN. They simply required an official proof of address.
To begin with I originally opened TWO bank accounts:
- One single account (For myself)
- One joint account (Myself and My Wife)
Unlike in the UK, there is however a €5 (five euro) charge per month for the account (€60 – sixty euro a year). I therefore closed my single account.
In addition to the monthly maintenance fee, there is also a charge for every transaction on the account. This is not limited to the Bank of Ireland. So check the rates. Holding a balance of over 3,000 euros in the account negates the transaction fees. You will continue to incur the monthly maintenance fee.