We review the Bank of Ireland UK Basic Cash Account which is a basic type of bank current account. We cover such things as who and how you can apply to open an account and some of the services that are provided.
Who may apply to open an account?
You must be a personal applicant, at least 16 years of age and most applicants would usually live in Northern Ireland although there may be occasions when an applicant living in other parts of the UK may be considered for an account.
You may be considered for a Bank of Ireland UK Basic Cash Account even if you have a poor credit history.
How do you apply?
You can apply either in a branch or over the phone but not online.
You will be required to provide suitable identification and your address will need to be verified.
What services are provided with the account?
You can have your wages or benefits paid directly into the account.
A cash card is provided to enable you to make cash withdrawals at a variety of locations both throughout Ireland and elsewhere in the UK 24/7. You cannot use the card to purchase items in shops, over the phone or online.
Both telephone and online banking is available in order to help you manage your account such as to check your balance and recent transactions.
Regular household bills can be paid by direct debit or by registering these sorts of payments through the bank’s online banking system.
You receive free quarterly bank statements.
You do not get a cheque book and you are not permitted to go overdrawn.
Are there any fees?
There is no application fee, no monthly administration fee and no transaction fees are payable to Bank of Ireland UK but other fees are payable for certain ancillary services.
The Bank of Ireland UK Basic Cash Account would appear to be a simple type of basic bank current account enabling you to have monies paid in that can then be withdrawn in cash plus your regular bills can also be paid automatically such as by direct debit.You can manage your account both online or over the phone.