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Reduce your current account fees  

How can you reduce your current account fees in Ireland?

You can lower everyday banking costs by choosing cheaper transaction methods and avoiding unnecessary charges. Using cashback instead of ATMs, making transfers online and paying contactless for small purchases can help you reduce fees. Some accounts offer free banking if you meet specific criteria, such as being a student, graduate, over a certain age or using a basic bank account. Comparing accounts using the CCPC Current account comparison tool can help you find a lower‑cost current account.

What are some easy ways to reduce bank fees?

Most banks charge fees, but you can reduce them by changing how you bank. Try these tips:

  • Use cashback when paying in shops instead of withdrawing from an ATM.

    Example

    Bob withdrew €50 from an ATM and paid 30 cent. He then used his debit card to buy a book for €22, and paid 15 cent. Bob paid a total of 45 cent for the two actions. If he had only used cashback, he’d have only paid 15 cent.

    • Make fewer ATM withdrawals if possible by taking out larger amounts less often – but always be careful with cash and follow personal safety and security advice when handling cash.
    • Withdraw cash from a bank or a secure indoor location, make sure no one is close by or too close to you when you are at the ATM machine, try not to store all of your cash and card in one wallet/location, and be careful about your personal safety when carrying cash around. Please refer to advice from An Garda Síochána.

    Which transaction methods cost less?

    Fees vary depending on how you make a transaction.

    • Online banking is usually cheaper than using an ATM, using a self-service machine in a bank, or speaking with a staff member.
    • For purchases under €50, use contactless payments – they’re often free or cheaper than chip and PIN.

    Can you use a credit card to avoid fees?

    Yes, if your credit card has a zero or positive balance, you can:

    • Transfer cash to it
    • Use it for purchases
    • Pay the bill in full and on time to avoid interest and transaction fees

    Is it cheaper to transfer money online?

    Yes, instead of giving someone cash, a cheque or a bank draft, use mobile or online banking.

    Example

    Melissa withdrew €100 at the bank to lodge it to her friend’s account, paying 30c. An online transfer would have been free and saved her a trip.

    Can you avoid fees by keeping a minimum balance?

    In the past, some banks waived fees if you kept a minimum balance, typically around €2,500. Most banks no longer offer this, so check with your bank to find out if any fee waivers apply to your account.

    Should you switch providers to save money?

    Yes, use the CCPC Current account comparison tool to compare products and find a provider with lower fees for the services you use most.

    Are there accounts with free banking?

    You may qualify for free banking if you:

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