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How a non resident to open Irish (or other country with nice terms) bank account online?

Discussion in 'Black Hat SEO' started by Fking, Apr 30, 2012.

  1. Fking

    Fking Regular Member

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    I'm looking for ways to open an bank account in Ireland online, i'm a non resident of Ireland but citizen of the EU.
    If you've had luck with any bank where no min deposit is required please share here. Im sure it will be useful to many.
     
  2. dbyrn

    dbyrn Power Member

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    If you live in Europe you can fly to Dublin and open a bank account. AIB is good.

    D.
     
  3. Fking

    Fking Regular Member

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    yeah an option but still would be much easier to fill form online for 10 mins and mail the paperwork if needed.
     
  4. dbyrn

    dbyrn Power Member

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    Yeah, I know, but you could visit Temple Bar area at the same time (it's worth :) ).
    Anyway, I guess that no bank in Ireland would open an account of you without your presence in the bank.

    D.
     
  5. RuiGomes

    RuiGomes BANNED BANNED

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    What major benefits would you have in opening a Irish bank account? I guess the real benefits would be to have a company set there, so I'm wondering if just a bank account is enough to get some benefits.

    I could easily fly there for a cheap price and open an account if it was worth it for anything.
     
  6. Fking

    Fking Regular Member

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    what are the benefits if you have company as well?
     
  7. dog-tag

    dog-tag Senior Member

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    You should look into the new bank charges in Ireland before setting up an account.
    Being from Ireland, I get HUGE amounts of hassle from the banks ever since I moved
    away, so personally don't do business with Irish banks, stupid, incompetent, and
    not professional to deal with all...

    you will hear this alot - "well you'll need to go into your branch
    and talk about that, that can't be done online or on the phone"

    Don't expect any sort of service.. just taxes, charges and bad service.

    P.S you need a corporation and not a company in Ireland, to pay tax at 12% (I think)
    companies are just the same as regular people as far as I know. Limited companies
    can limit their liability so are preferred as to sole traders.
     
    • Thanks Thanks x 1
    Last edited: Apr 30, 2012
  8. bloupdot

    bloupdot Newbie

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    I want to say that what DOG-TAG said is the exact truth.
    I have interacted myself with the Irish banks and it was impressive to see how incompetent there were as compared to other banks from France, Spain, Netherlands,Sweden. (that's the countries where i know several banks).

    For instance, bank of Ireland does not exchange emails, they call you and ask you to call them back to send them a document. When you have to send them a document, it should be done by mail, not email. The whole process would require 8 days. On the other hand, in France, Société générale would take a scan by email, this would require 1 hour.

    Also they are slow. the service is minimum. It is the same with AIB and slightly better with Ulster bank.

    If you live in a country where you pay no more than 25% of corporate tax, don't go for Ireland. Ireland is just a place for big companies who have advanced ruling with Irish Governments. Ireland has no cheap web servers. Ireland is overpriced if you go have to go there for business compared to any EU country.

    For instance, if there are so many online businesses in the Netherlands, that's because the banking system, the webhosting and local tax authorities are serious.

    There is now an alternative called pay with fire. They allow to open a bank account online but you have no credit card, only an Irish IBAN. Nevertheless, they put limits on your account. It is like your bank would tell you: "no more than 20,000 euros on your bank account". They don't want to disclose those limits. They also limit the number of transactions. Plus, there is no credit card.
    Also, they ask for a business plan. They have very intrusive question and want to share your trade secrets. With pay with fire (what a name, it sounds really not serious with it) they can lock your account when they want it.

    Here it is just a small part of issues i have faced with Irish banks. There are many other problems. For instance, to open a business bank account in Ireland, you need the co-signature of a local secretary. Few irish people do this. They don't like to co sign on an official paper to open a bank account.