When first getting ready or intending to study abroad, many students frequently overlook setting up an international student bank account. The selection of destinations, institutions, and programmes is only one part of the study abroad planning process. It is equally necessary to make a financial plan and open a bank account to handle day-to-day expenditures like tuition and other bills. However, choosing a bank may be rather daunting for students. Detailed information about creating a student account with the Bank of Ireland, Dublin, and its advantages will be provided to you in this blog. For a detailed explanation, keep reading.
Also Read: Benefits of Opening an Account in Ulster Bank of Ireland as an International Student
About Bank of Ireland, Dublin
Bank of Ireland is a public limited company incorporated in Ireland, with it’s registered office at Dublin. The Bank of Ireland is regulated by the Central bank of Ireland. Bank of Ireland was established in 1783 by Royal Charter. Bank of Ireland is known for strong relationships with their customers and believes in adding deep and mutually beneficial values to their customers. They have simplified day to day interactions of their customers and delivering impact on the most critical challenges facing customers.
Types of Student Accounts at Bank of Ireland, Dublin
Bank of Irelan, Dublin offers two types of student bank accounts. 2nd Level current account and 3rd Level current account. Both types of accounts have distinctive features and are bifurcated by understanding different types of needs that students may have while studying abroad.
Must Read: Benefits Of Opening an Account in Danske Bank Newry As an International Student
Benefits of International Student Bank Account at Bank of Ireland, Dublin
Let’s take a look at the benefits that students will get with Bank of Ireland student bank account.
2nd Level Current Bank Account and Its Benefits
- This current account, which is intended for those in second-level education between the ages of 12 and 18, is perfect for putting side income or pocket money savings.
- Students will instantly receive a debit card and the ability to utilise mobile wallet payments like Google Pay and Apple Pay if they are 14 years old or older.
- Students may still create an account and acquire a debit card if they are under 14, but they will need their parent’s or legal guardian’s permission.
- Access to internet, mobile, or phone banking is also provided through the Bank of Ireland 2nd Level Current Account.
Must Read: Student Savings Account Wells Fargo
3rd Level Current Bank Account and its Benefits
- Applicants who are enrolled full-time in any third-level educational course are eligible for this sort of account, regardless of their age. This can take place in a higher education setting such as a college or university that offers full-time postgraduate study lasting at least one academic year.
- A 3rd Level Account is free to open and maintain, and there are no extra costs for any of the other current account transactions or services. You could be charged for a select few services, such as using your debit card for international purchases.
- All you need is your passport and proof of residence to apply for an account from your smartphone in six minutes.
- Add your card to your smartphone’s digital wallet to begin using it to make purchases both online and off-line.
- Mobile banking features include the ability to modify addresses, manage statements, send money to friends, create or remove standing orders, and stop direct debits.
- There is a facility for new credit and debit card management tools in Banking 365 so that students can manage cards right at their fingertips.
- Access to a wide-ranging branch and ATM network
Bank of Ireland is a good option for students who are planning to study in Ireland and looking for a bank account for all their banking needs in a foreign land.
FAQs
Ans: Several established high street banks in Ireland provide student current accounts for regular banking, including Bank of Ireland, Permanent TSB, Allied Irish Bank, and Credit Union.
Ans: Bank of Ireland, Ulster Bank and KCB Bank are some of the banks that cater to Indian students’ banking needs.
Ans: A passport, driver’s licence, national ID card, and utility bill or bank statement as evidence of your residential address are some of the documents required for opening a bank account.
This was all about benefits of opening an account in Bank of Ireland. Follow Fly.finance for all your queries related to international money transfers and student loans.
