Using online banking is a great way to manage your budget. Irish banks are putting more and more resources behind their online sites and apps to make them user friendly and super secure. Some of the banks also offer money management apps but it’s early days for those kind of services in Ireland.
MABS can help
If you are struggling with debt you can contact MABS, the Money Advice & Budgeting Service, provided by Citizens Information Board. They offer a range of online tools to analyse and assess your situation and create a budget.
As cheques are phased out in 2017 it will become more and more essential to be able to bank online for both personal and business purposes. I was inspired to write this post because a friend recently admitted she had never used online banking. I am going to #HaveTheTalk with her and help her get comfortable with online banking.
Apart from their secure websites, most banks also offer apps for mobile devices so check out the links below and find out what your bank can offer to help you manage your money.
Another online service to consider, especially if you are opening a savings account, is Bonkers.ie. By inputting a few details (nothing too personal) about your savings plans, Bonkers.ie will do the hard work for you and let you know where you will get the best interest rate for your spondoolicks. You can find them on Twitter and Facebook. (While this post focusses on Banking, Bonkers can also help you save money on all sorts of utilities so a great one to have in the bag if you are planning a savings drive!)
AIB have a short demonstration video about their online banking website.
Bank of Ireland
If you’re new to computers, smartphones and the Internet, Bank of Ireland’s team of Digital Arrows can help get you up to speed. They can show you how to bank online – safely and securely. There is a Digital Arrow in each of Bank of Ireland’s 250 branches nationwide. So if you’re near a local branch, pop in to have a chat with one of them. They also run Tea and Teach sessions Here’s a selection of how-to videos for banking online with Bank of Ireland.
Getting Started: This webpage tells you all you need to know about getting started with BoI’s online banking.
Permanent TSB call their online banking Open24. This bank offers apps for iOS, Android, Kindle Fire and Windows devices. Their website allows you to login and take care of business (or pleasure depending how long since the last paycheck!). You can also watch an online demo on YouTube that shows you how to do the basics of online banking. They also have a comprehensive Frequently Asked Questions section which should help you get where you need to.
RaboDirect have been in Ireland since 2005 and have always made the most of social media to communicate with their customers. They have a super blog which focuses on customers’ different savings needs e.g. saving for a holiday. They are part of the larger Rabobank Group which was voted the safest bank by Global Finance Magazine in 2015. They have a slightly different approach to online banking – they are a SAVINGS bank – and give each of their customers a DigiPass which provides new, secure details everytime you log in. It’s really quiet ingenious.
Getting Started: Their Help section is chock full of Frequently Asked Questions and their YouTube Channel is full of straight talking savers giving advice and sharing their saving experiences. I particularly like the Scabby or smart video!
KBC have been offering banking in Ireland for 40 years but have invested heavily in online.Well known for their savings and loan offerings but additionally have what they call hubs throughout the country that you can drop into for a more personal touch. They also use a digital key system for added security for online and mobile banking.
Getting Started: Their support page covers all sorts of issues from opening an account to setting up a direct debit to more technical assistance.