Bank of Ireland UK is part of the Bank of Ireland Group. The Bank of Ireland is the largest Irish bank and has it’s headquarters in Dublin. It employs over 10,000 people throughout the group in Ireland, the UK and worldwide. One of the accounts the Bank of Ireland UK offers is a basic current account which is available to personal customers who are UK residents over 16. As the account is only available in Northern Ireland then it is only really suited to those resident there. A cash card is provided which can be used to manage the account in Ireland and the UK. The account is designed as an easy way to look after money whether or not the applicant has an adverse credit history.
What Bank of Ireland UK offers:
- A basic personal account for those resident in the UK (and aimed at those who are resident in Northern Ireland as it has to be applied for in a branch and all branches are in Northern Ireland).
- Offered by Ireland’s largest bank.
- Most adverse credit accepted.
- Cash card that can be used to withdraw available funds from any Bank of Ireland, First Trust, Ulster Bank and Danske Bank cash machines in Ireland or LINK cash machines anywhere in the UK.
- Withdraw cash and obtain a balance enquiry at any UK Post Office (limited to just 1 cash transaction per day).
- Pay in cash and cheques at any UK Post Office using the personalised paying in slips from BOI UK and the BOI UK deposit envelope if paying in a cheque.
- Pay in wages or benefits.
- Online, mobile and telephone banking.
- Online and free quarterly paper statements.
- Standing Orders and Direct Debits.
- The account provides fee free banking when run responsibly.
- No cheque book is available.
- No overdraft facility.
- No debit card.
- No interest is paid on balances.
- No CIFAS fraud flags are permitted.
- No undischarged bankrupts.
- Must apply by visiting a Bank of Ireland UK branch in Northern Ireland so is really limited to those who live in Northern Ireland.
- If three or more debit items such as a Direct Debit, for example are presented and returned unpaid in any 12 month period then the account will be closed. There could also be a returned item fee of £21+£21 = £42 (for each item) although this is not exactly clear and not explicitly specified in the T&Cs.
Proof of ID and address is required. Original copies must be produced.
Some of the fees for this Bank of Ireland UK basic account include:
Extra statements, more than 1 per month £1 each.
Obtaining a banker’s draft £10.
Returned cheque £6.
International payment out of account £25.
International payment into account £6.
CHAPS £25 out of account, £5 into account.
Issuing of foreign currency and International Drafts 0% commission.
Click on button below to go to Bank of Ireland UK Basic Cash Account page.