belfasttelegraph

Thursday 20 June 2013

A question of money: Paying bills on a holiday home in the republic

Question: What is the best way to pay the bills on my holiday home in the Irish Republic?

Answer: The most cost-effective solution is to open a current account in the Republic. Most Irish banks will allow people who live in Northern Ireland to open accounts in the Republic, providing that they attend a branch in person. It is then cheapest to transfer money from Northern Ireland to an account in the Republic by paying in a cheque. Payments can be made either by a euro cheque drawn on the Irish account, or by withdrawing cash from the account that is in the Republic.

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