Transferring Money and Bank Accounts
Apr 3rd 2015, 11:26 am
#1
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Joined: Aug 2014
Posts: 27
Transferring Money and Bank Accounts
Hi
I've found a place to buy in Roscommon and have found someone to buy my property here in the UK. I have been looking at FX companies and Tor-fx seems a good company. I understand that I cannot open a bank account in Ireland until I have proof of residence, so what do I do in the meantime? Am I best off using my UK bank account and having each transaction transferred into £? I'm also splitting the money from my house here into two properties in Ireland, but as yet I have only found one, my main residence. Where is the best place for the remainder of the funds from the sale? How long does it take to open an Irish bank account?
Any information, advice and assistance would be gratefully received.
Kind regards
I've found a place to buy in Roscommon and have found someone to buy my property here in the UK. I have been looking at FX companies and Tor-fx seems a good company. I understand that I cannot open a bank account in Ireland until I have proof of residence, so what do I do in the meantime? Am I best off using my UK bank account and having each transaction transferred into £? I'm also splitting the money from my house here into two properties in Ireland, but as yet I have only found one, my main residence. Where is the best place for the remainder of the funds from the sale? How long does it take to open an Irish bank account?
Any information, advice and assistance would be gratefully received.
Kind regards
Apr 11th 2015, 10:20 am
#2
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Joined: Apr 2015
Posts: 1
Re: Transferring Money and Bank Accounts
You can open an AIB account while you still resident abroad. You just need to call at any branch with the usual documents, ie proof of address, passport etc, and they will open one for you with a few days. You can use your UK address for all correspondence until yo move to Ireland
May 17th 2015, 3:12 pm
#3
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Re: Transferring Money and Bank Accounts
I'm resident in the UK, I'm totally confused by your advice.
May 17th 2015, 4:23 pm
#4
Dichotomus tinker
Joined: Aug 2013
Location: Ontario, Canada
Posts: 6,678
Re: Transferring Money and Bank Accounts
see below if this helps you better & maybe the poster 'beara' can jump back in
- You can open an AIB account while you still resident abroad.
- You just need to call at any branch with the usual documents, ie proof of address, passport etc, and they will open one for you with a few days.
-You can use your UK address for all correspondence until yo move to Ireland
- That the person opening the bank account is resident in the UK - the UK being a different country than Ireland considered to be 'abroad'?
- Also, that the person will be moving to Ireland ... address details
- You can open an AIB account while you still resident abroad.
- You just need to call at any branch with the usual documents, ie proof of address, passport etc, and they will open one for you with a few days.
-You can use your UK address for all correspondence until yo move to Ireland
- Also, that the person will be moving to Ireland ... address details
Last edited by not2old; May 17th 2015 at 4:25 pm.
May 19th 2015, 2:08 pm
#5
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Joined: Aug 2014
Posts: 27
Re: Transferring Money and Bank Accounts
Righty ho, just need to find an AIB somewhere.
Cheers
Cheers
May 20th 2015, 12:48 pm
#6
Dichotomus tinker
Joined: Aug 2013
Location: Ontario, Canada
Posts: 6,678
Re: Transferring Money and Bank Accounts
AIB Bank, Bank, Roscommon, ...(090)6626
AIB Bank
Address: Church st Roscommon Co. Roscommon
City of Roscommon
Phone: (090)6626542
Opening Hours:
Mon 10am - 5pm
Tue 10am - 4pm
Wed 10:30am - 4pm
Thu 10am - 4pm
Fri 10am - 4pm
Sat Closed
Sun Closed
AIB Bank
Address: Church st Roscommon Co. Roscommon
City of Roscommon
Phone: (090)6626542
Opening Hours:
Mon 10am - 5pm
Tue 10am - 4pm
Wed 10:30am - 4pm
Thu 10am - 4pm
Fri 10am - 4pm
Sat Closed
Sun Closed
May 20th 2015, 5:11 pm
#7
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Joined: Aug 2014
Posts: 27
Re: Transferring Money and Bank Accounts
Thank you so much not2old. Can I open an account when I visit the house next month? I'm not due to complete on sale/purchase for another eight weeks.
You've been so kind
You've been so kind
May 21st 2015, 8:09 pm
#8
Forum Regular
Joined: Sep 2013
Posts: 40
Re: Transferring Money and Bank Accounts
We opened a Bank Of Ireland account whilst we were still resident in the UK. Very easy to do, just popped into a branch, wasn't even local to the house we were buying.
In regards to changing our GBP to Euros we used a UK company called Smart Currency Exchange, have to say was initially rather nervous at parting with the sterling then waiting for the transfer to go ahead but have to say it was all very easy. They were really helpful and always gave a good exchange rate. I didn't need to worry.
In regards to changing our GBP to Euros we used a UK company called Smart Currency Exchange, have to say was initially rather nervous at parting with the sterling then waiting for the transfer to go ahead but have to say it was all very easy. They were really helpful and always gave a good exchange rate. I didn't need to worry.
May 21st 2015, 9:34 pm
#9
Dichotomus tinker
Joined: Aug 2013
Location: Ontario, Canada
Posts: 6,678
Re: Transferring Money and Bank Accounts
You can open an AIB account while you still resident abroad. You just need to call at any branch with the usual documents, ie proof of address, passport etc, and they will open one for you with a few days. You can use your UK address for all correspondence until yo move to Ireland
the list of banks in Roscommon
http://www.goldenpages.ie/banks/rosc...common-county/
.
Last edited by not2old; May 21st 2015 at 9:37 pm.
Jun 20th 2015, 9:15 am
#10
Just Joined
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Joined: Aug 2014
Posts: 27
Re: Transferring Money and Bank Accounts
We opened a Bank Of Ireland account whilst we were still resident in the UK. Very easy to do, just popped into a branch, wasn't even local to the house we were buying.
In regards to changing our GBP to Euros we used a UK company called Smart Currency Exchange, have to say was initially rather nervous at parting with the sterling then waiting for the transfer to go ahead but have to say it was all very easy. They were really helpful and always gave a good exchange rate. I didn't need to worry.
In regards to changing our GBP to Euros we used a UK company called Smart Currency Exchange, have to say was initially rather nervous at parting with the sterling then waiting for the transfer to go ahead but have to say it was all very easy. They were really helpful and always gave a good exchange rate. I didn't need to worry.
Thanks again
