All the providers listed above have different fee structures so your individual banking needs and usage will determine which is the best account for you.įactors to consider include whether you need an overdraft or not, how often you use ATM facilities and what your preferred method of payment is when out and about.įor example, the EBS MoneyManager account is an extremely low-cost basic current account, with no monthly maintenance fee or day-to-day banking charges.

There are a number of factors that should be taken into consideration when choosing your new current account.

Traditional banks accepting new customers include AIB, Bank of Ireland, EBS and Permanent TSB, while An Post Money and credit unions also offer current account services, as do online providers N26 and Revolut.Ĭustomers can also currently open accounts with KBC at the moment but, as already mentioned, the bank is in talks about exiting the Irish market in the future so that has to be factored into your decision. The Competition and Consumer Protection Commission (CCPC) highlighted recently that there is no obligation on consumers to use this switching process ‘if you would rather close your old account and open a new one at your own convenience, then you can do so’.īut honestly, anything that reduces paperwork is to be welcomed and I would recommend availing of the standard switching process where possible.īut although the Central Bank Code will help with the move, it will not decide where you should move, the choice of new current account is yours. But the Central Bank has a standardised Switching Code, so in many cases your new provider can look after large portions of the reorganisation for you.

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