Set up a new account

Your new provider will let you know how to open an account – this usually includes an application form. You may be able to open your account online or via an app. If you are setting up a joint account, you may need to call into a branch.

Have your proof of ID and proof of address ready

You will need to provide proof of your identity and your address. Find out what documents your new provider will accept.

Proof of ID that is generally accepted:

  • valid passport
  • valid driving licence
  • Irish Government travel document
  • temporary residence certificate
  • Irish residency permit

Proof of address that is generally accepted:

  • utility bill issued in the last 6 months
  • statement from a regulated financial institution issued in the last 6 months
  • insurance policy document issued in the last 12 months
  • personal correspondence from Government Departments/Bodies issued in the last 6 months

Consider your overdraft

A current account overdraft is a credit facility. If you have an overdraft on your old account you may wish to set one up on your new current account. To do this you will have to apply for an overdraft with your new provider. This will require a credit check. You will need to clear the overdraft balance on your old account before you can close it.

Confirm your new account details

Your new provider will provide you with information on your account. This should include:

  • account details, for example, account number, sort code, IBAN
  • their terms and conditions
  • guide to their fees, charges and interest rates
  • switching pack (if you use the Central Bank Switching Code)
  • log in details for your internet banking

Consider what support you will need to switch

It can seem daunting to switch your current account, but there is support available for you. This support is available if you do it yourself or use the Central Bank’s Switching Code.

If you use the Switching Code, your providers will switch your direct debits and standing orders. Your old bank will send your new account details to the businesses you have a direct debit with. Your new bank will set up any standing orders you have.

The Switching Code may not work for everyone. For example, it may not be suitable if you get paid weekly or if you have a lot of Direct Debits throughout the month. You can discuss with your new account provider if it will work for you.

Not all providers use the Switching Code. Check to see what supports are available from your chosen provider.

Prepare to switch

Once your new account is open, you can prepare to switch your daily banking over. Read more on preparing to switch.

Last updated on 19 July 2022