Student Current Account
Free banking, debit card, free contactless payments, cashback options, online shopping & much more.
STUDENT ACCOUNT FEATURES & BENEFITS
— Free current account
— Globally accepted Mastercard® Debit Card
— Free contactless payments, Apple Pay, Google Pay & Fitbit Pay
— Overdraft available up to €5,000 (subject to approval)
— Free Online Banking & Mobile App
— Use in-store, use securley online or at ATMs
— Reduced rate student loans
— Cashback available at participating retailers
HOW TO OPEN A CURRENT ACCOUNT & APPLY FOR A DEBIT CARD
FCCU STUDENT ACCOUNT
— Student accounts are available to student members between the ages of 16 – 25.
— If you are 16 or 17 years of age, we require the consent of a parent/guardian to open a current account.
— If you’re not a member already, don’t worry. You can apply for membership right now online (simply click here) and apply for your free current account once you’ve joined.
Digital Wallets - Apply Pay, Google Pay and Fitbit Pay.
Current Account Debit Mastercard can now be added to Apple Pay, Google Pay and Fitbit Pay digital wallets, making it easier for you to make Contactless payments. The use of digital wallet payments provides a safer more secure way to pay that removes the need to handle payment cards, touch physical buttons or exchange cash. It’s the modern way to pay, particularly given the times we live in.
And with the Credit Union Current Account you can tap away in the knowledge that Contactless payments are free.
To set-up Apple Pay, Google Pay and/or Fitbit Pay, just download the app, enter your Debit Card details by scanning the card or entering the details manually, and submit a One Time Passcode. Use wherever Contactless payments are accepted. You simply hold your mobile phone and/or Fitbit device near a payment terminal to make a Contactless payment.
FAQ's & FURTHER INFORMATION
Who can apply for a Current Account?
Can I use my card abroad?
You can use your card anywhere in the world where the Mastercard Acceptance Mark is displayed. Foreign exchange fees and charges apply where the transaction is performed outside the Eurozone, details of which are contained in our Fees & Charges Leaflet.
What happens if my debit card is damaged, lost or stolen?
Please call the Card Services Team on 01 693 3333 (The Customer Services line is open 24 hours a day, 7 days a week. Calls are charged at your standard network rate. Calls from mobiles may be higher). We will then cancel your card immediately and a new card and PIN will be issued to you at your request.
Currency Conversion Calculator
When you use your Debit Card for purchases in foreign currency or ATM withdrawals in foreign currency, these transaction will attract additional fees and charges that are charged to your Current Account as they occur, typically on the date the transaction is posted to your Current Account.
Mastercard foreign exchange rates will also apply and are subject to change.
This currency conversion calculator allows you to see the foreign exchange rates set by Mastercard to convert from the transaction currency as well as the European Central Bank’s euro foreign exchange reference rates for the EEA country currencies and the fees and charges that apply.
Are there any instances where concessions are provided?
From time to time, we may provide concessions to Account fees and charges to you if you are an eligible student.
You may be eligible for these student concessions if you are:
(a) an applicant for an Account or an Accountholder;
(b) aged between 16 and 25 years inclusive; and
(c) pursuing a full-time course of study for one academic year or more in a secondary school or third level
institution recognised by the Central Applications Office (CAO), where full-time equates to 21 or more
hours per week.
Please see the Current Account Terms & Conditions Booklet for further information.
Can I change my Debit Card PIN?
Yes. You can change your card PIN to something more memorable at most ATM machines. You just need to have your card available, enter your existing card PIN and follow the instructions.
What do I need to know about fraud and protecting my account?
There are multiple ways you can help alleviate the potential for fraud on your account. Click here to see our Protecting You & Your Current Account from Fraud Booklet
Notice of Update to Current Account Terms & Conditions and Fees & Charges
We are making some changes to our Current Account and Debit Card Terms and Conditions, and they will come into effect from 28th July 2022.
The changes reflect the use of ‘Digital Wallets’ where you choose to store a digital version of your Debit Card on a computer or device and make payments using that Digital Card.
We are also making changes to do with Foreign Exchange Transactions using your Debit Card and detail the arrangements in place for you to compare charges for currency conversion.
And we have revised the conditions to make it easier for individuals under 18 years of age to open a Current Account.
A copy of our revised Terms and Conditions are available to download here: Current Account Terms and Conditions – July ’22. We can also give you a copy in any of our branches from 26th May 2022.
A copy of our revised Schedule of Fees & Charges are available to download here: Schedule of Fees & Charges July ’22. We can also give you a copy in any of our branches from 26th May 2022.
No action is required on your part and your continued use of your Current Account and Debit Card after 28th July 2022 will indicate your acceptance of these changes.
We appreciate your business and are committed to continually improving our Current Account service. If you have any questions regarding these changes, please contact us on 094 9022969 or drop in to one of our branches.
First Choice Credit Union
What is PSD2 and how does it affect me?
Payment Services Directive 2 (PSD2) – which came into force on September 14th 2019 are regulations introduced to bring additional safety and security to your online banking.
These changes were introduced in order to protect consumers from increased online fraud. This additional security is known as Strong Customer Authentication (SCA) and was introduced to both our browser-based services and Mobile App.
For further information please go to: https://currentaccount.ie/psd2/
How do I transfer or switch to the Current Account from my bank?
Is there a limit on Current Account balances?
Yes. Where a member has a sole or joint First Choice Credit Union Current Account, the member(s) may maintain a maximum balance of €20,000 on that account separately from their savings account.
Note: €20k current account limit is per Account and not per member. So, a current account has a maximum limit of €20,000 regardless of whether joint or single.
Is there a daily amount limit on Current Account Debit Card point of sale transactions?
Yes, a daily limit applies to the value of purchases that can be made on any one day using your card. The daily value limit is currently €5,000.
Mastercard is a registered trade mark and the circles design is a trademark of Mastercard International Incorporated. This card is issued by Transact Payments Malta Limited pursuant to licence by Mastercard International.