Banking

Banking plays an integral role in pretty much everyone’s lives. Whether it’s day-to-day transactions, paying bills, receiving your wages or saving for something special, it’s important to equip yourself with the banking knowledge that matters. We help you debunk myths, decipher financial jargon and gain a better understanding of financial services with our helpful banking guides that give you the knowledge you need to make the most of your money.

Understanding banking jargon and abbreviations

Banking can be confusing, with so many abbreviations and acronyms. We’ve created user-friendly guides to AER, APR, and other important terms you might see on your bank statement and while you’re banking online.

What is AER, and how does it work?
What is AER, and how does it work?

What is AER, and what does it stand for? Find out all you need to know about AER and why understanding how it works will make it easier to compare savings accounts.

Read more
Annual percentage rate (APR)
Annual percentage rate (APR)

APR is used to help you understand the costs of borrowing. Find out how APR works and the differences between APR and other types of interest rates.

Read more
What is open banking?
What is open banking?

In this article, you’ll find out everything you need to know about open banking, including what it is and how open banking works in Ireland, and whether it’s safe.

Read more
PSD2 (2nd Payment Services Directive) explained
PSD2 (2nd Payment Services Directive) explained

If you’ve heard of PSD2 but aren’t sure what it is, you’re not alone. This article explains what it is and how it works, the PSD2 compliance regulations and what it all means for open banking.

Read more
What is Online Banking? A 2024 Guide
What is Online Banking? A 2024 Guide

In this comprehensive guide, we explain what online banking is, how it works, the benefits it provides and how safe internet banking really is.

Read more
What is an overdraft?
What is an overdraft?

In this guide, you’ll discover how an overdraft works, how to apply for one and six tips for paying off your overdraft.

Read more
Bank statement abbreviations explained
Bank statement abbreviations explained

Understand bank statement abbreviations and jargon with this comprehensive guide.

Read more

Understanding interest

If you’re wondering where the best place to put your money is, or how you can earn more interest, you’re not alone. The following guides will help you understand interest rates, why they change and how they can help you get the most out of your money.

Everything you ever wanted to know about interest rates
Everything you ever wanted to know about interest rates

This guide to interest rates explains what they are, how they work, the different types of interest rates and how best to compare savings accounts with different interest rates.

Read more
What's next for interest rates in Ireland?
What's next for interest rates in Ireland?

Discover if and when interest rates are likely to increase or decrease again and what this could mean for savings accounts.

Read more
Compound interest
Compound interest

What is compound interest and what does it mean for savers? Find out how it works, as well as the benefits of opening savings accounts with compound interest.

Read more
Negative interest rates
Negative interest rates

Could you have to pay your bank to look after your savings if interest rates go negative? Read our guide on negative interest rates to find out more.

Read more

Banking and wages

Online fraud has become so advanced that it can be hard to spot what’s real and what’s not. Find out more about how to stay safe online, plus other handy guides on wages, investing and mortgages.

Minimum wage explained
Minimum wage explained

In this article, you’ll learn what the minimum wage is, how it’s decided and how minimum wage affects workers depending on their age.

Read more
Should I pay off my mortgage or save?
Should I pay off my mortgage or save?

Is it better to pay off your mortgage or save? Find out the benefits of paying your mortgage, what you should consider, and the pros and cons.

Read more
Investing in bonds explained
Investing in bonds explained

If you want to invest your money in bonds, it’s important to understand what exactly bonds are and how they work. Find out more about bonds, how to buy them, and different types of bonds.

Read more
How to check if a website is legit
How to check if a website is legit

From phishing to fake websites, online scams have become so sophisticated that it can be hard to verify what’s fake and what’s real. Learn how to check if a website is safe on this page.

Read more
What are social welfare payments?
What are social welfare payments?

On this page, we explore what social welfare payments are and how they work, and how savings affect social welfare.

Read more

Home › Banking