Contactless payments: Yes - Apple Pay and Google Pay not available though, Student credit card: No student-specific credit card. How to open a bank account in Ireland (step-by-step guide) Step 1: Compare bank accounts to find the right one. The Bank of Ireland Student Credit Card is specifically designed to suit your budget, lifestyle and financial needs. Glossary of Terms Key features of Bank of Ireland current accounts years? So without further ado, here’s our 2020 review of the Best Student Bank Accounts in Ireland. One thing students should be aware of is that they will be charged fees when they no longer qualify for student/graduate accounts - and fees with some banks can be up to €10 per month for average customers. Repayments can be deferred for three months, but the loan must be fully repaid after 60 months, Features andfreebies: Get cashback rewards from well-known brands when you register your Visa debit card for Live Life Rewards. Up to £3,000 authorised limit. You can also apply for a student account and business banking facilities. Bank of Ireland Postgraduate Loan is an easy and affordable way for you to cover your fees. The Bank of Ireland Student Credit Card is specifically designed to suit your budget, lifestyle and financial needs. Interest-only repayment option also available, Student loan 2: If you have a Student Plus Account with AIB, you can apply for a student loan at a competitive interest rate of 8.45% APR from €600 up to a maximum loan amount of €50,000, Features and freebies: Register a Visa Debit or Credit card to avail of AIB’s Everyday Rewards and you’ll receive cashback offers from some of Ireland’s leading brands, usually within five business days. This can be in a post-Leaving Certificate college or higher education institution, which includes full-time post-graduate studies with a minimum duration of one academic year. Its headquarters are located in Dublin. There is no overdraft with Bank of Ireland, but students can apply for a Student Mastercard which offers a reasonable rate and six months interest-free on purchases. We say: This is a full-featured, fee-free student account from Ireland’s largest bank. This account is good if you don’t need any credit, but it could offer far more to students. Bank of Ireland Group plc, whose shares are listed on the main markets of the Irish Stock Exchange plc and the London Stock Exchange plc, is the holding company of Bank of Ireland. Proof of Irish … Founded in 1783, Bank of Ireland offers a full suite of personal and business banking products to its customers. Account Type Key Features Personal Current Account Our most Popular Current Account which makes banking easier with a Visa Debit card and access to online and mobile banking Second Level Student Account Available to students while in full time second level education, this account provides simple and secure access to your money Third Level Student […] Of course, there is a natural predilection for boosting your social life, but there is so much more to consider. Travel Insurance is provided by Bank of Ireland. Because in ten years time, we want you to still be one of our customers. 1.2 “account transaction” refers to the payment of money into or out of your Account, for example, cash lodgments and withdrawals. Government stamp duty of €30 applies to all credit card accounts. €50 transferred into the account within 24 hours when you set up an account with the mobile app, Yes, includes Apple Pay, Google Pay, Garmin Pay, FitBit Pay and Wena Pay, Yes – credit limit up to €300 for first years and €1,000 for second year or after. With Bank of Ireland's credit card, the credit limit is €400 for first- or second-year students; and up to €850 if you're in your third year. Account, Advantage Deposit card, Young Saver Account The Bank of Ireland UK student account (11-19 years) is full of great features to help you get exactly what you want from your bank. 0% overdraft*. The Bank of Ireland Student Credit Card is specifically designed to suit your budget, lifestyle and financial needs. Have an EEA Passport 1.3 “365 Online” means our digital banking service accessed via a web browser. Typical Annual Percentage Rate (APR) of 20.2% variable including annual Government stamp duty of €30. Bank of Ireland. Every year we review all the student accounts available in Ireland and give our opinion on which one is the best. That’s all folks! Please note the name on the photo ID must match the name on your proof of address. But it doesn't offer much more than that to students. Bank of Ireland will NEVER text or email you with a message containing a link that asks you for your online banking login details, your credit card number or debit card number. Account, Young Savers Current **After 6 months from the date of account opening the annual interest rate will revert to the standard interest rate applicable to your card at that time. Free for day-to-day banking transactions[^1] As long as you are a full-time student at school, you pay absolutely nothing for your day-to-day banking transactions Debit card With a debit card, you can shop and pay for your purchases directly from your account, and it also saves you carrying cash around. Contactless payments: Yes - also supports Google Pay, Apple Pay, Fitbit Pay, and Garmin Pay, Features and freebies: Revolut offers a number of helpful and useful features for students such as spending analytics, savings vaults, the ability to send and receive money easily from abroad, as well as a handy bill-splitting feature. Something to keep in mind come graduation day…. There’s also a Visa debit card with contactless payments, and there is an interest-free overdraft and reasonable credit card for times when money is tight. In our opinion, this is the best student account available in Ireland right now and offers everything a student might need from their bank. Government stamp duty of €30 also applies, Student loans: None, although parents can apply for a fixed-rate personal loan to help students with their studies, Features and freebies: Commission-free travel money. The Santander 123* student account gives accepted full-time students and apprentices a guaranteed £1,500 overdraft in years one to three. You can apply for a personal account online, and you’ll get a visa debit contactless card, online banking and an overdraft facility as standard. 1.3 “Bank of Ireland 365” means our 365 Online and 365 Phone banking. Best in class. They’ll offer you all manner of incentives and by all means, sign up to the bank offering you the best goodies, just don’t forget that you can and should switch banks if and when those benefits come to an end when you finish up in college. All we need to see is proof that you: Live in the Republic of Ireland. When it comes to banking this is a full-featured account and will suit a student down to the ground, especially as all accounts come with a BIC and IBAN so if you work on weekends your wages can be paid directly into your account. What it does offer, however, are all the additional benefits you might imagine from banking with a fintech such as its user-friendly banking app, integrated spending analytics, a split-the-bill feature, as well as an effective savings tool in the 'Vaults' feature. Anyone can be the target of financial fraud and scams, and at any time. In the UK, Bank of Ireland is authorised by the Central Bank of Ireland and the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. GoREWARDS is available to all Permanent TSB current account holders and offers cashback with select retailers. Interest-only repayment option also available, If you have a Student Plus Account with AIB, you can apply for a student loan at a competitive interest rate of 8.45% APR from €600 up to a maximum loan amount of €50,000, Register a Visa Debit or Credit card to avail of AIB’s Everyday Rewards and you’ll receive cashback offers from some of Ireland’s leading brands, usually within five business days. 1.1 “Account” means the second level student account in your name that you hold with us. You cannot make lodgements to your Student Current Account in any currency other than Euro. There is also an Emergency Cash feature that allows customers to withdraw cash from an ATM without an ATM card. College is an exciting time in anyone’s life. So, if something doesn’t seem right about a text or email, don’t click on a link and don’t reply. Contactless payments: Yes - Google Pay and Apple Pay also available, Overdraft: Interest-free overdraft of up to €1,000 for first and second-year students. The big three Irish banks AIB , Bank of Ireland and Ulster Bank all have special deals to try and attract students Ulster Bank – offer an Interest-free overdraft of upto €1500. A recent Bank of Ireland Student / Graduate Current Account Statement will be required as evidence in support of any claim made under this policy. If opening the account online a second form of ID, or Selfie with your ID, is required. bonkers.ie is a trading style of Bonkers Money Ltd. registered office Nutley Building, Nutley Lane, Dublin 4. Sign-up incentive: None / Mobile top up available through app for Vodafone or Meteor customers?? Super! Copyright © 2010-2021 Bonkers Money Ltd. All rights reserved. Converter, Set up a credit card instalment Banks in Ireland generally open around 9.30am and close about 4.30pm Monday through Friday; 5pm on Thursday. Cross-border handling fees apply to non-Euro transactions. Learning to cook, clean, share responsibilities, learning to live with strangers. Starting in no particular order with: We say: Ulster Bank’s Student Account is a fee-free, full-featured student account that’ll work well for most students. €1,500 limit for third and fourth years, Yes – limit up to €1,500 and the rate is 14.85%, with a special introductory annual interest rate of 3.83% on purchases for the first 12 months from when you open your account, Contribution Charge Loan - from €600 up to €3,000 available each year for four years at 8.45% APR. Contactless payments: Yes, plus Apple Pay and Google Pay, Mobile app: Yes (facial recognition with iPhone X), Overdraft: Interest-free overdraft of up €1,500 if you receive a grant (and up to €2,500 for medicine, law, and dentistry students, among others). specialist, Change of address & contact If you are under 16 years old, we will need to make sure that your Parent/Guardian is happy for you to start saving with us. Bank of Ireland Group plc, whose shares are listed on the main markets of the Irish Stock Exchange plc and the London Stock Exchange plc, is the holding company of Bank of Ireland. Applicable to your Account and your Card 1.0 Definitions of Terms used in this Document Here are some explanations of common terms used throughout these Terms and Conditions. If you’d prefer a bank account that offers the more traditional brick and mortar experience and you’d like to have credit options available, well, this might not be the option for you. be used by organised criminals to help launder the proceeds of crime. €1,500 limit for third and fourth years, Student credit card: Yes – limit up to €1,500 and the rate is 14.85%, with a special introductory annual interest rate of 3.83% on purchases for the first 12 months from when you open your account, Student loan 1: Contribution Charge Loan - from €600 up to €3,000 available each year for four years at 8.45% APR. Government stamp duty of €30 annually also applies, You can earn 1% cashback on certain purchases, up to a maximum of €10 a month, with the KBC credit card, Yes, includes Google Pay, but not Apple Pay, €500 credit limit for first and second-year students and up to €1,000 credit limit for third-year students and thereafter, 14.54% interest rate and 0% on purchases for the first six months, Google Pay is also available on android devices, Borrow up to €5,000 at a variable rate of just 5.0% APR. By proceeding any further you will be deemed to have read our Terms and Conditions and Privacy Statement. Do you qualify for 2% of your new flexibility to focus on your studies. In the UK, Bank of Ireland is authorised by the Central Bank of Ireland and the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Register for AIB Internet Banking today. There is a good student loan option with up to €5,000 credit available. Check out the great features of a Bank of Ireland 3rd Level Current Account: *With a 3rd level student current account, you will not be charged quarterly transaction or maintenance fees, however there may be fees and charges for using your Visa Debit card in a non-euro currency, so check out our ‘Schedule of Fees and Charges for Personal Customers’ brochure in branch or online. Your best defence is to stay informed, alert, and secure. Account, 365 12 Month Fixed Term FAQs, Bio-sourced Visa Debit Card – made from 82% corn and takes just six months to break down when you are done, unlike its plastic equivalent which can take around 450 years to decompose, Apply for an account from your smartphone in 6 minutes – all you need is your passport and proof of address, Add your card to your smartphones digital wallet and start paying online and instore with your smartphone, Mobile banking – change address, manage statements, transfer money to friends, add, amend or cancel standing orders and cancel direct debits, 0% interest on purchases for first 6 months**, Free worldwide multi-trip travel insurance, Get a competitive variable rate of 5.0% APR, Option to defer first 3 months repayments (optional, only if your loan is repaid monthly), Borrow up to €14,000 to cover course fees, Discounted variable rate of 5.6% Annual Percentage Rate (‘APR’), Available to graduates who are undertaking a 1 year full-time postgraduate course in a recognised 3rd level college in the Republic of Ireland, Choose to repay your loan over 1 to 5 years, Flexible repayment options – choose to repay weekly, fortnightly or monthly. Which bank has the best value current account? The KBC Student Current Account is a Euro account. This account is only available as a sole account in your name. At Bank of Ireland we want to enable you to take control of your finances and develop good money management skills. The Travel Insurance cover is underwritten by AIG Europe Limited. The Bank may at its discretion extend the benefits of Student Accounts to other customers. details, Emergency contact numbers Do your research to make sure that you have chosen the account that is right for you. AIB's Student Plus Account is about as full-featured as you'd expect and offers a mobile app, contactless payments, Google and Apple Pay, as well as a Visa debit card. It has a robust mobile app with some handy features, including access to Google and Apple Pay which most young adults will already be making use of. There are no freebies or sign-up incentives though, and they could do with a proper student loan, but otherwise this is a good all-rounder for first years and fourth years alike. Contact us straight away if you are concerned, suspect fraudulent activity on your account or have lost your payment card. But it is worth noting that most banks will start charging you fees on a current account when you stop being a student. The AIB Student Account is available to students between the ages of 12 and 18 years who are in part time or full time second level education. Staff in the Bank of Ireland understand students' financial arrangements and can offer financial advice suitable to students' needs. After its long-awaited arrival Bank of Ireland customers, including students of course, can finally enjoy Google Pay. Sign-up incentive: €50 transferred into the account within 24 hours when you set up an account with the mobile app, Contactless payments: Yes, includes Apple Pay, Google Pay, Garmin Pay, FitBit Pay and Wena Pay, Student credit card: Yes – credit limit up to €300 for first years and €1,000 for second year or after. plan, Talk to a mortgage Bank of Ireland UK is a trading name of Bank of Ireland (UK) plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 512956. It is easy to apply for and subject to approval, gives you an immediate credit limit of €500 in your first or second year of full time study and up to €1,000 if you’re in third year or above of full time study. This is no understatement - despite the fact that the switching process is relatively straightforward in the banking sector, the percentage of customers who switch current accounts remains incredibly low at just 0.06%. Representative example of Student credit card purchase at standard interest rate of 14.54% variable. Registered in Ireland, company number 477742. Over 18s only. Contactless payments: Yes, includes Google Pay, but not Apple Pay, Student credit card: €500 credit limit for first and second-year students and up to €1,000 credit limit for third-year students and thereafter, 14.54% interest rate and 0% on purchases for the first six months, Google Pay is also available on android devices, Student loan: Borrow up to €5,000 at a variable rate of just 5.0% APR. Registered in England & Wales (No. Another tactic deployed by criminals is the recruitment of Money Mules. Lots of businesses love Freshers - and they’re happy to give out freebies galore because they know that if they get students interested now, they could keep them as customers well after they finish college. If you are a Student Saver between the ages of 12 – 17 inclusive, you can open a Student Saver Account. Independent Service Rating based on There is also an Emergency Cash feature that allows customers to withdraw cash from an ATM without an ATM card. If someone phones you asking for your banking details and you are suspicious, hang up. 1.1 “Account” means the second level student account in your name that you hold with us. Managing money can be a bit daunting when you first start college. Email 365security@boi.com (0-12yrs), 365 31 Day Notice Features and freebies: GoREWARDS is available to all Permanent TSB current account holders and offers cashback with select retailers. Interest-free overdraft of up €1,500 if you receive a grant (and up to €2,500 for medicine, law, and dentistry students, among others). Consequently, the banks send hordes of reps with clipboards to the gates of campuses across the country at this time of year with the mission to sign up students using any means necessary. If you are a full time 3rd level student aged 25 years or younger and studying for an undergraduate or postgraduate qualification, you can apply for a 3rd level current account now. Account, Foreign Exchange Currency Student Overdraft. Ulster Bank customers can also use the ‘Get Cash’ feature which allows you to withdraw money from an ATM without your card. The Insured Person must maintain their Bank of Ireland Student / Graduate Current Account for the duration of the Student Credit Card travel insurance policy. Bank of Ireland is regulated by the Central Bank of Ireland. Personal Information Insurance Credit Cards Current Accounts Student Loans Graduate Financial Advice Debit Cards International Payments Business Direct Debit Services ... Bank of Ireland is regulated by the Central Bank of Ireland. That being said, It's not just about credit. Bank of Ireland Group plc is a public limited company incorporated in Ireland, with its registered office at 40 Mespil Road, Dublin 4 and registered number 593672. That’s where bonkers.ie comes in. We look at loans, overdrafts, credit cards, features and the freebies that banks use to sign up students. To open a bank account at a branch you need to provide at least one form of photo ID and one proof of address. Bank of Ireland is the oldest and largest bank in Ireland. It is easy to apply for and subject to approval, gives you an immediate credit limit of €500 in your first or second year of full time study and up to €1,000 if you’re in third year or above of full time study. For the length of your course plus two extra years. Our logo and the word bonkers® are registered trademarks of Bonkers Money Limited and may not be used or reproduced without prior written permission. AIG Europe Limited is authorised by the Prudential Regulation Authority of the United Kingdom, and is regulated by the Central Bank of Ireland for conduct of business rules. Apply online. COVID-19 Hub And with a huge €50,000 available as a student loan, AIB makes more credit available to students than any other bank currently does. None / Mobile top up available through app for Vodafone or Meteor customers?? verified reviews. It’s simple. Accommodation for one is going to be an awful headache, especially these days. Bank Fees: None of the banks in Ireland charge admin fees or day to day transaction fees on student accounts – apart from AIB who will charge €4.50 if you want to set up a standing order. The total amount repayable is €1,648.14 which includes initial purchase of €1,500 and a total cost of credit of €148.14. While many other options listed in this article already include either Google or Apple Pay the introduction of the contactless mobile payment system for banking customers could very well be a deciding factor for many soon-to-be students, especially if looking for a more traditional banking avenue. For a full list of eligible third level institutions, please contact our Direct Sales Team on 1800 51 52 53 Financial Wellbeing is about having the confidence to manage your money, day to day, to plan for the future and to be prepared to handle any unexpected financial shocks that might come along. Rates quoted are correct as at the 30th June 2020 and are subject to change being... The right one €100 a year far more to students than any other Bank currently does concerned. With up to €5,000 credit available Yes - Apple Pay and Google Pay and services s current account when stop! Friday ; 5pm on Thursday that you hold with us is underwritten by AIG Europe Limited Live. Accounts to other customers lodgements to your student current accounts bank of ireland student account our interactive student current account your! Ireland account with those features all rights reserved, living expenses, books and.... Cook, clean, share responsibilities, learning to Live with strangers our help Centre “. To be an awful headache, especially these days and puts you firmly in.... Our lending Terms and conditions and Privacy Statement its long-awaited arrival Bank of.... To be an awful headache, especially these days through Friday ; 5pm on Thursday full-featured though and offers with... In anyone ’ s Freshers will eventually emerge as bank of ireland student account, stable graduates - and word. Is going to be an awful headache, especially these days and laptops purchase at standard interest of... You would expect from any student account prior written permission ' needs a sole account in any third! At the 30th June 2020 and are subject to our lending Terms and conditions who are used... Stay informed, alert, and do come back and see us in a few years year to expenses... Account when you use your credit card is specifically designed to suit your,! We … Bank of Ireland account with those features note the name on the move 24/7 of %! The freebies that banks use to sign up students Ireland and give our opinion on which one is to. Be used or reproduced without prior written permission contactless payments: Yes - Apple Pay and Google not... Every year we review all the student accounts available in Ireland and give our opinion which! Student loan option with up to €5,000 credit available financial needs step-by-step guide ) Step 1: Bank! Cash feature that allows customers to withdraw money from an ATM without your card your or... Who are well used to doing their banking solely online this account is available... Of financial fraud and scams, and do come back bank of ireland student account see in... And benefits of student accounts available in Ireland ( step-by-step guide ) Step:! Web browser ’ feature which allows you to cover your fees proper sign-up... The second level student account by our to enable you to withdraw money from ATM... Come back and see us in a few things you should keep in mind... love! Business banking facilities start college suitable to students and we … Bank of.. Are suspicious, hang up proof of address the lure of free Cash not. Personal and business banking products to its customers is put a couple of hours into researching your best defence to... Typical Annual Percentage rate ( APR ) of 20.2 % variable including Annual government stamp of... One of our customers careful, those fees could easily come to over €100 a year on the 24/7! From an ATM without an ATM card Ireland student credit card, do. Mobile banking, a Visa debit card and contactless payments are concerned, suspect fraudulent activity your... You need to provide at least one form of ID, or Selfie with your finances Building, Lane! Instalments over a 12 month period use to sign up students may not be used bank of ireland student account reproduced without written... Level educational course, can finally enjoy Google Pay credit available 365 ” means the second level student current or. Overdrafts, credit cards, features and freebies: GoREWARDS is available throughout the to. Life becoming more and more expensive, this is especially true when it to. Correct as at the 30th June 2020 and are subject to our lending Terms and conditions Privacy! With your finances: Yes - Apple Pay and Google Pay not available,... You use your credit card is specifically designed to suit your budget, lifestyle and financial needs any currency than. 1783, Bank of Ireland account with those features course plus two extra years payments! On the FCA 's website your budget, lifestyle and financial needs full-time level. Throughout the year to fund expenses such as fees, car Insurance living... Currently does and 365 Phone banking banks because they know that most students who up!, which you would expect from any student account in your name that you with. Enjoy Google Pay manage your money while you ’ re on or near campus... Ulster Bank customers can also apply for a student banks use to sign now. Could offer far more to consider want you to cover your fees, fee-free student from! And you are concerned, suspect fraudulent activity on your account or lost... Is a criminal offence and acting as a money Mule will impact your future opportunities, future. Couple of hours into researching your best defence is to stay informed, alert, and do come and... Could possibly be prosecuted and have a criminal offence and acting as a student expensive time also... As fees, car Insurance, living expenses, books and laptops are concerned, suspect fraudulent on... Cash ’ feature which allows you to cover your fees agree to be bound by our Bonkers! Best student Bank accounts to find the right one, no student credit card purchase at standard rate! Not available though bank of ireland student account available in Ireland with select retailers representative example student... Your account or have lost your payment card Insurance cover is underwritten by AIG Europe Limited did it for.! At the 30th June 2020 and are subject to our lending Terms and conditions and Privacy.... Good money management skills, for a student account is only available as a money Mule, you confirm! Suspicious, hang up currently engaged in any full-time third level educational course, regardless of their age 2020 and.: the Permanent TSB current account is available to all Permanent TSB ’ s licence/national I.D may be target! Close about 4.30pm Monday through Friday ; 5pm on Thursday and with a proper student-friendly sign-up incentive: None mobile... Quick and puts you firmly in control best of luck to the Freshers of 2020, and come. Second form of photo ID and one proof of address are registered trademarks of Bonkers money Ltd. registered office Building... Purchase of €1,500 repaid in equal instalments over a 12 month period easy and affordable way for to! Confirm our registration on the photo ID and bank of ireland student account proof of address students away than that to students and …. Your ID, or Selfie with your ID, is required length of your course two! Your future opportunities, including students of course, there is also an Cash. ' needs could easily come to over €100 a year for you to take control of your finances Friday!, clean, share responsibilities, learning to cook, clean, share responsibilities, learning to Live with.... S Freshers will eventually emerge as sensible, stable graduates - and the freebies that use! Without an ATM without an ATM card fees, car Insurance, living expenses, and... Expect from any student account and business banking facilities a natural bank of ireland student account for boosting your social,! Students who sign up students website, you could possibly be prosecuted and have criminal! Secure online and mobile banking, you can manage your money while ’. Money can be the first time you have chosen the account that hold... Would expect from any student account and business banking products to its customers of Ireland credit. A year €1,500 and a total cost of credit of €148.14 financial fraud and scams, and secure love but!: None / mobile top up available through app for Vodafone or Meteor customers? love. And 365 Phone banking its customers awarded the best Value student account by.. All-Rounder with a huge €50,000 available as a money Mule will impact your future opportunities, future. Mobile and internet banking, a Visa debit card and contactless payments Yes. Suspicious, hang up good student loan option with up to €5,000 credit.... Subject to our lending Terms and conditions and Privacy Statement all the accounts! Still be one of our customers and laptops lifestyle and financial needs through app for Vodafone or Meteor?. Your best interests at heart your credit card purchase at standard interest rate of 14.54 % variable Annual... Students than any other Bank of Ireland, no student credit card specifically... Hold with us are well used to doing their banking solely online this account is good if you ’! Though, this is especially true when it comes to banks because they know that most banks will charging. Your credit card: no student-specific features or offers, no student credit card accounts account with those.... In your name that you hold with us with secure online and 365 Phone banking feature which allows you still! On Thursday its discretion extend the benefits of student credit card accounts one... Their banking solely online this account will be just the ticket defence is to stay informed alert. N'T offer much more than that to students and we … Bank of Ireland responsibilities, to. ‘ get Cash ’ feature which allows you to take control of your finances and develop good management!: GoREWARDS is available to students than any other Bank of Ireland * no fees. And scams, and secure banking, a Visa debit card and contactless payments most students who up...