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Online Instant Access Account important information

What’s all this? Check out some important information on our products. If you need more details, call us on 0818 50 24 24 or drop into your local branch.


Applying online - Important Information

  • You need to be a tax resident of Ireland to avail of this account.
  • Sometimes we may require some documentation or more details from you before you open the account.
  • After opening the account, we have to ensure that you are compliant with current legislation. If you are not, we will request relevant documentation and if you do not provide this we will be required to close your account and lodge the closing balance to an appropriate account you currently hold with the bank, at our discretion. If you do not hold an account to which the closing balance may be lodged the funds will be returned to you by cheque.
  • Direct Debits & Standing Orders cannot be set up on savings and deposit accounts.

Why do we need proof of your PPSN/Tax Reference Number?

From 29th June 2009, financial institutions are obliged to request customers to provide their tax reference number (e.g. Personal Public Service Number (PPSN) or Corporation Tax number) when they open a new current or deposit account which may give rise to the payment of such interest by their financial institution. Under the Regulations, this number will be included in the annual return of interest to the Revenue Commissioners. Financial institutions are also obliged to request personal customers to provide suitable documentation to verify their PPSN (in the form of a Employment Detail Summary (P60), Notice of Tax Credits, Payslip, Tax Assessment etc). It should be noted that the PPSN will only be used for the purpose of making this annual return to the Revenue Commissioners.

If customers fail, for whatever reason, to provide their tax reference number and/or the PPSN supporting documentation, financial institutions are required to indicate this on the annual return of interest.

These regulations and guidance notes are available on the Revenue website.

The following documentation (original or copy) may be used to verify the tax reference number as required under the current regulations.

  • Employment Detail Summary (P60)
  • P45
  • Statement of Liability (P21)
  • Payslip (where employer is identified by name or tax number)
  • Drug payment scheme card
  • European health insurance card
  • Tax Assessment
  • Tax Return Form
  • PAYE Notice of Tax Credits
  • Child Benefit Award Letter /Book
  • Pension Book
  • Social Services card

Terms and conditions apply

Please read our Terms and Conditions brochure for full details.

  • Generally interest is subject to DIRT (Deposit Interest Retention Tax) at the prevailing rate.
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