Fees & Costs
Ireland International Student Banking Guide 2017
The currency in Ireland is the Euro. If you are studying in Ireland for longer than 90 days you will need to be able to prove that you have access to €7,000 to support yourself. This is an essential element of your Garda registration, which alerts border control that you are legally residing in the country. To attain proof of this, you will have to open an account with an Irish bank and request a statement.
Choosing a student bank account in Ireland
Banks are usually open between 9:30am and 4:30pm Monday to Friday. Most institutions will have a bank branch on campus or at least an ATM machine. Most banks provide foreign currency and traveller's cheque services.
There are various different banks in Ireland and most will offer some kind of student account. You should research the different options before choosing to open one. Student accounts don't usually have transaction fees, however there is an annual government stamp duty (€2.50-5) on bank cards which you may have to pay.
If you are an international student, you will normally need a letter from your institution confirming that you are a student and your address in Ireland. You will also need your passport with your student visa in it, proof of your home address and sometimes a deposit to open an account. You may also need additional documents; contact your chosen bank to ask about the requirements.
Many banks may offer you free gifts to encourage you to open an account, but make sure you check all the fees and charges associated with the account before agreeing to open one. You may also want to find out:
- Is there a branch close to your home/institution?
- Can you use phone/internet banking?
- If you plan to take out an overdraft, compare the overdraft and penalty fees charged by each bank