Best Bank Accounts in Ireland for Newcomers
Best Bank Accounts in Ireland for Newcomers
Your essential guide to banking in Ireland for expats and immigrants
By James O’Sullivan • Updated June 17, 2025
Setting up a bank account is one of the first and most important steps when moving to Ireland. Whether you’re relocating for work, study, or family reasons, having a local bank account simplifies everything from receiving your salary to paying bills and managing daily expenses.
This comprehensive guide compares the best bank accounts in Ireland for newcomers in 2025. We’ll cover traditional banks, digital alternatives, required documentation, and tips to make the process smooth and stress-free.
Banking in Ireland: Key Considerations
Before choosing a bank account in Ireland, consider these factors that affect newcomers:
Most banks in Ireland require proof of address, which can be challenging for newcomers. Digital banks often have more flexible requirements, making them popular with expats during their first months in Ireland.
Top Bank Accounts for Newcomers in Ireland
AIB Basic Bank Account
Ireland’s largest bank offers a dedicated account for newcomers with simplified requirements and low fees.
Key Benefits:
- No minimum balance requirement
- Accept PPSN application confirmation
- Free contactless debit card
- Extensive branch network
Considerations:
- Monthly maintenance fee
- International transfer fees apply
- Can take 7-10 days to open account
Best For: Newcomers who want a traditional bank with physical branches nationwide.
Bank of Ireland Start Account
Bank of Ireland’s account designed for those new to Ireland, with special support for documentation challenges.
Key Benefits:
- Accept temporary address proof
- Multilingual support in branches
- Free first year for students
- International student package
Considerations:
- Higher monthly fee than competitors
- Charges for non-Euro transactions
- Paper statements cost extra
Best For: Students and professionals who value in-person support and multilingual services.
Revolut Standard
The most popular digital bank in Ireland among newcomers, offering instant account setup and multi-currency features.
Key Benefits:
- Open account in minutes from abroad
- Free Euro IBAN account
- Excellent exchange rates
- No proof of address required
Considerations:
- No physical branches
- Limited cash deposit options
- Some features require premium plan
Best For: Tech-savvy expats, digital nomads, and those needing quick account setup before arrival.
N26 Standard
German digital bank with full Irish IBAN accounts and excellent mobile banking experience.
Key Benefits:
- No foreign transaction fees in Euro
- Real-time spending notifications
- Free ATM withdrawals (limits apply)
- Sub-accounts for budgeting
Considerations:
- No cash deposit option
- Customer support via chat/email only
- Limited joint account features
Best For: Budget-conscious newcomers who prioritize mobile banking and fee-free spending.
Bank Account Comparison for Newcomers
| Account | Monthly Fee | Proof of Address | Time to Open | Best Feature |
|---|---|---|---|---|
| AIB Basic Account | €4.50 | Required | 7-10 days | Branch network |
| BOI Start Account | €6 | Flexible | 5-8 days | Multilingual support |
| Revolut Standard | Free | Not required | Instant | Multi-currency |
| N26 Standard | Free | Not required | Instant | Spending analytics |
| KBC Current Account | €0 (conditions) | Required | 5-7 days | Cashback rewards |
| An Post Money Account | €5 | Flexible | 2-3 days | Post office access |
How to Open a Bank Account in Ireland: Step-by-Step
Opening a bank account as a newcomer to Ireland involves several key steps:
Obtain Your PPS Number
Apply for a Personal Public Service (PPS) number at your local Intreo Centre. This is essential for all financial activities in Ireland.
Gather Required Documents
Typically need passport, proof of address (or temporary accommodation letter), and proof of employment/study.
Choose Your Bank
Select a bank based on your needs: traditional for branch access or digital for quick setup.
Apply Online or In-Person
Traditional banks require branch visits, while digital banks can be set up via mobile apps.
Verify Your Identity
Complete identity verification through video call (digital banks) or in-branch verification.
Activate Your Account
Receive your debit card and activate it following the bank’s instructions.
Banking Tips for Newcomers to Ireland
Make your banking experience smoother with these expert tips:
Document Preparation
Have digital copies of your passport, visa, and proof of address ready. For proof of address, banks often accept a letter from your employer, university, or accommodation provider.
Fee Awareness
Understand all potential fees: monthly maintenance, ATM withdrawals, international transfers, and currency conversion. Digital banks typically have lower fees.
Transfer Strategies
Use specialized services like Wise or Revolut for large international transfers to avoid high bank fees. Transfer during weekdays for better rates.
Security Practices
Enable two-factor authentication on all banking apps. Never share your PIN or online banking credentials. Irish banks will never ask for this information via email or phone.
Specialized Banking Services
Student Banking
- Bank of Ireland Student Account
- AIB Third Level Account
- Revolut <18 Account
Business Banking
- AIB Startup Business Package
- BOI Business Start Account
- Revolut Business
Family Banking
- An Post Family Money Account
- KBC Family Package
- Revolut Junior Accounts
Essential Banking Resources
Banking Regulators
- Central Bank of Ireland
- European Central Bank
- Banking & Payments Federation Ireland
Account Comparison
- Bonkers.ie
- Switcher.ie
- CCPC (Competition and Consumer Protection Commission)
Money Transfer Services
- Wise (formerly TransferWise)
- CurrencyFair
- Revolut Premium
Final Thoughts on Banking in Ireland
Opening a bank account is a crucial first step when moving to Ireland. While traditional banks offer the security of physical branches, digital banks provide the flexibility and speed that many newcomers need during their transition.
Most expats find that starting with a digital bank like Revolut or N26 makes the initial settlement period easier, then transitioning to a traditional bank once they have their PPS number and proof of address established.
Regardless of which option you choose, Ireland’s banking system is modern, secure, and well-regulated. With this guide, you’re now equipped to make an informed decision and start your financial journey in Ireland with confidence. Welcome to your new banking home!