25 Jun 2019

A question about : Euro account Ireland

I'm about to receive Ђ30000 from a Trust in Eire. I live in Uk and given the current exchange rate, I am keen to keep euros rather than have them sent/exchanged to sterling here in UK. I have made appointment at bank of Ireland next week when I am in Dublin to possibly open an account there. Is this a good idea? Any comments/recommendations/advice would be most welcome. Thanks.

Best answers:

  • I received an inheritance in Ireland and set up an AIB current account exactly for this purpose from my UK address. They will obviously want to know the source of funds and see ID/proof of address but that shouldn't be a major hurdle.
    AIB gave me a card reader and debit card - so I can manage it remotely in the UK via internet banking etc.
  • Many thanks for reply. I'm hoping that provided I keep over Ђ2500 in account I won't incur bank charges. I may approach AIB if BOI charges. Are there any tax implications for me over here?
Category: 
Budgeting & Bank Accounts
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