The only way you can open Savings Account with EBS is in person by visiting your local office, as we need to validate your documents
By bringing the documents we will need with you, you will save time and have your new account opened in no time. Whether you are a new or existing EBS customer, to open a new savings account you will be asked to provide:
Proof of your Personal Public Service Number (PPSN).
By bringing the documents we need with you, you’ll save time and have your new account opened in no time. Whether you are a new or existing EBS customer, to open a new savings account you will be asked to provide:
If you are opening a children or teen savings account, you will need to provide the above documents for yourself and the following for the minor:
To open this Account, the minor’s birth certificate or the applicable court order (or other relevant documentary evidence*) must be produced as proof of parenthood/guardianship. This is in addition to proof of identity and residential address.
*Please contact your local Office for guidance.
If the minor does not live with you, we will need a utility bill from the parent or guardian who lives with the minor and a note signed by them stating that the minor lives at that address, giving consent for the account opening.
Please contact us if you have any queries about opening an EBS savings account on 0818 654 322 or info@ebs.ie.
Although this account is perfect for families looking to save, the Family Savings Account may be opened by any person who is over 18 years of age and intends to use it for personal purposes. There is a limit of one Account per person, although a person may in addition be second-named on the Account.
You need to visit your EBS office to withdraw your funds. You can make one withdrawal at any time during the one year term without impacting the rate of interest on the remaining funds. And at the end of year one, you have the option to withdraw all or part of your funds or continue saving for another year.
You can transfer funds to any savings account by standing order. All you need is your BIC and IBAN to set up the standing order online. Or you can provide the information to the bank where you have a current account so that they can set up the standing order for you.
The Deposit Guarantee Scheme protects depositors in the event of a bank, building society or credit union authorised by the Central Bank of Ireland being unable to repay deposits.
Deposits up to €100,000 per person per institution are protected under the scheme. The Deposit Guarantee Scheme (DGS) aims to pay depositors as quickly as possible and is required to pay verified eligible depositors within 7 working days.
The Deposit Guarantee Scheme is administered by the Central Bank of Ireland and is funded by the credit institutions covered by the scheme.
The following document outlines the basic details of the protection of eligible deposits in EBS:
Deposit Guarantee Scheme – Depositor Information Sheet (PDF, 1 page, 551KB)
A deposit means a credit balance on an account with a bank, building society or credit union that the credit institution must repay under the legal and contractual conditions applicable. The following is a list of deposit types that may be considered eligible for DGS:
In general the DGS protects deposits belonging to individuals, companies, partnerships, clubs, associations, schools etc. The DGS covers deposits in branches of credit institutions authorised in Ireland. The residency of the depositor is not a factor in determining the eligibility of the deposit. You do not have to be resident in Ireland or be an Irish citizen to be eligible for DGS compensation.
The deposits of the following are protected:
1Companies are covered as long as they are not a company that is on the exclusion list below.
Deposits placed by the following type of entities are not covered under the scheme:
For additional information on the Deposit Guarantee Scheme please refer to the Deposit guarantee website.