Find the best value current account

Comparing current accounts is easy with bonkers.ie. Just fill in some simple details regarding the current account you’re looking for into the comparison tool such as:

• The type of current account you want i.e. a standard or student account
• The amount of money you plan to lodge per month
• The minimum balance amount maintained in your account
• Whether your bank usage is above average or not

Once you have submitted these details, bonkers.ie will quickly compare the different account features and charges from all of Ireland’s banks and find the right account for you in just a few minutes.

It’s important to note that the monthly fee displayed for each account option on the results page may change depending on your usage. You can adjust your usage using the filters.

Yes, it is possible to move your current account to a different bank if you have an overdraft with your existing one. However, you will need to make sure your new bank is happy to provide you with an overdraft too.

If they aren’t, then you will need to clear your current overdraft before you can make the switch to a new bank.

Once you have sorted out any outstanding overdraft issues, you will be ready to make the switch. Thankfully, there are only a few steps involved in the switching process;

• Choose a new provider - Once you have entered your existing current account details into our comparison tool, you will be presented with the banks with the best current account rates and features in Ireland. Then you can select the provider that best suits your needs.
• Contact your new provider - You must inform your new bank that you want to switch your current account to them. Your new bank will then supply you with a switching pack that will provide you with all the information that you will need about them.
• Pick a switch date - You will need to complete an account transfer form for your new bank. They will then send this form to your old bank, who will then supply details of your direct debits and standing orders to your new bank. Any money held in your old account will then be transferred over to your new account for you. At this stage, you’ll need to co​​nfirm​​ with your current bank whether you want to fully close your account or still keep it open.
• Start using your new account -Within 10 working days of the switch date, your new account will be up and running and your new bank will send you your new debit card. Once you receive your new card, make sure to download your new account provider’s mobile app and register for their online banking.

You can learn more about how to switch current account in this guide.

The best value current account for you is one that will suit your needs and banking style the most. There are several different factors people take into consideration when selecting a new current account provider, such as:

• Mobile payment options such as Apple Pay, Google Pay and FitBit Pay
• Overdraft facility
• Block/unblock feature
• If you prefer using cash over card
• Monthly fees and charges
• Reward schemes and offers
• Online capabilities i.e. whether there is an app

For a more in-depth analysis of these features, check our guide on 8 things to consider when choosing a new current account provider.

Rate changes in Ireland - Current Accounts