It suits anyone who's been refused an account, new arrivals, or people who just need somewhere for wages or social welfare to go.
Quick facts
- Fees
- None for everyday banking, year 1
- Free for up to
- 5 years, if under minimum wage goes in
- Who
- EU residents with no other Irish current account
- Included
- Debit card, ATM, transfers, direct debits
- Not included
- Overdraft, cheque book
What you get
"A basic bank account is a current account that is free of charge for everyday banking for at least the first year." Free services include "Taking money out at an ATM (cash machine) Using a debit card in a shop Using a debit card to pay for something online", plus transfers, standing orders, direct debits and online banking.
"You can continue to get free banking for up to 5 years in total if the amount paid into your account each year is less than the minimum wage."
Who can open one
"You can open a basic bank account with a bank in Ireland if you are resident in the European Union (EU) and you do not already have another payment or current account in Ireland." Ask the bank of your choice.
"You cannot get an overdraft or cheque book. Your debit card may not come with the contactless payment feature. You can only hold one account." MABS on 0818 07 2000 can help if a bank is difficult.
Common questions
What is a basic bank account in Ireland?
A current account that is free for everyday banking for at least the first year, for EU residents who don't already have a current account in Ireland.
How long is a basic bank account free?
At least a year, and up to 5 years if less than the minimum wage is paid in each year.
Does a basic bank account have an overdraft?
No. You can't get an overdraft or cheque book.