Discovering Ireland - Guide for Daily Living

Money and Banking Banks

There are five main banking options in your area. Most expatriates find it easier to open an account with an Irish bank since many foreign banks only provide corporate services. If your employer does not already have a preferred banker, your Dwellworks Consultant will be happy to provide information about the banking system and fast track processes. This service greatly speeds up the overall process. If you are interested in this service, please let your consultant know. Bank Accounts Organising banking in Ireland is a straightforward process is a straightforward process with Dwellworks. Your DSC can make an appointment with any local bank of your choice to establish an account. You will need the following information to open a bank account: + Passport + An employee’s reference from your company + Proof of your address It is helpful to have an Irish bank account for payment of rent, utility bills, broadband, etc. when you arrive. This will help to avoid extra bank charges for using your overseas card or credit card. The banks now offer internet and telephone banking for convenience, and in recent years they have adjusted their hours to stay open later during the week, with some open on Saturday mornings. Exchange In the Republic of Ireland, the official currency is the euro. Notes are €5, €10, €20, €50, €100, €200 and €500, while coins are 1c, 2c, 5c, 10c, 20c, 50c, €1 and €2. Shops will no longer give change of 1c or 2c, this will be rounded up to the nearest 5c. Helpful Hint: It is useful to exchange some money before arriving so you can grab a cab or a bite to eat right away.

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Discovering Ireland