Current Bank Account Charges and Fees in Ireland

Latest :
See our Comparison of  Bank Charges in Ireland   with all the latest account charges compared.


Ulster Bank is now charging €2 a month admin fee – with no waivers. If the account balance falls below €3000 in a month they will also charge transaction fees.  More details here

PTSB  .    PTSB customers can get a current account  called “Explore” which has an €18 quarterly account maintenance fee  Customers can get cashback on certain transactions

KBC have a current account which  has a €6 quarterly charge plus other charges if the balance falls below €2000. (ATM 30c; Cheque Lodgement 30c )

Bank of Ireland :    most BOI current account customers are charged  €5 per quarter. (exclusions for pensioners and students)  . Transaction fees are also charged on top of this €5 maintenance fee – but these can  be avoided if €3000 is kept in the account .

AIB :    a balance of at least €2500 is required at all times to qualify for free banking at AIB.  If you don’t qualify for free banking with AIB – you will be charged €4.50 a quarter (admin) plus charges  for most  transactions. (Pensioners get exemptions).


One possible way to avoid some bank charges   would be to get a fee current account from online bank N26 . They have no fees on debit card spending here or anywhere in the Eurozone.

N26 are based in Germany but operate in many EU countries. Any money lodged with them is protected by the German bank guarantee. (Max €100k). It is an online operated account – and you will get the best use of it if you have a smartphone.

Free Business Accounts

You can’t go overdrawn (which is probably a good thing !)
You can transfer money from your main “account ” and use the N26 account for spending with no transaction charges . You can set up direct debits on N26 too – (there are a few Irish companies that don’t seem to accept DDs from N26 – but they are at fault, not N26)

Having a second account with a couple of hundred euro is safer than cash under a mattress and could come in handy if your”main”  bank has IT problems . (As has happened with some Irish banks in the past).


In the UK- bank transaction charges are rare.  Unlike it’s Irish current account customers – Bank of Ireland’s current account customers in the UK have fee free banking without any extra conditions – as long as they stay in credit!

AIB also operate current accounts in the UK – and they do not charge any day to day transaction fees or monthly admin fees. They only charge fees when an account is overdrawn .

The banks in Ireland have less competition  – with AIB and BOI having a large proportion of all the current accounts. So they know that they can get away with charging their Irish customers . Maybe more people should complain and switch to a bank that does not charge fees.

Read   our Comparison of  Bank Charges in Ireland