My impulsive behaviour really can cause me a lot of trouble

After the whole tirade of moving house and not moving house I was left extremely low on funds, I had paid rent and deposit of over €1,000 at (the dirty) place and still had my deposit of €600 at my original place. On top of this I had a month’s rent due. I always try to ensure that I have some back up cash in the bank however with all of these expenses (not to mention a couple of trips to the doctors) my back up cash was gone. My pay came in and it was not enough to cover rent or living costs until my next pay.

hsbcBut it was alright, I had organised a credit card with HSBC for when shit really hit the fan. So I went and found the credit card and went off to save myself. The credit card didn’t work. I checked my account and there was an outstanding balance of 0.34c and almost $6,000 available to access. Well that didn’t make sense. I called HSBC and they advised me that I had been due to pay the 0.34c mid-July and as I had not paid the 0.34c a block had been put on my credit card.

You have to be fucking kidding me.

I paid the 0.34c but HSBC advised it could take until Tuesday to be processed and have the block removed (this was Friday morning).

ulster bank

I contacted my local Irish bank to see if I could get an overdraft, the earliest they could get me in for an appointment to discuss the potentially giving me an overdraft was Tuesday. The minimum personal loan I could apply for with my bank was €2,500 and for a minimum term of 12 months, not what I needed or wanted and as I had not been with the bank very long I was advised the application would not be approved. Again the Irish banking system has let me down.

dpcu
The DPCU and his trustee sidekick

Finally I went to the only other trusted banking source I knew of, the DPCU (Daniel Pearce Credit Union). I asked my brother for a loan of €500 until the following week when my credit card would be unblocked and I could return the money to him. The DPCU approved my loan within minutes and transferred the money into my Australian bank account immediately, all I need to do is withdraw the money here. God the relief I felt.

The drama isn’t over, the tenant from the house I was supposed to have moved into still hasn’t found anyone to move in and I don’t believe she is making much of an effort to find someone. I can text and call her as much as I like to follow up but this may only make her go slower out of spite. However the relief of knowing that I can pay my rent this month and that I have a clean and safe home to go to does take a lot of the burden off my shoulders.

Financially I have put myself not into the best position for the next couple of weeks (and potentially months), however I will recover.

This last fortnight has really taught me that although one of my personality traits that I have always liked about myself is my impulsiveness, my impulsive behaviour can cause me a lot of grief and stress. I have also learnt that a clean home and security are far more important than a housemate that may be a bit tight about the bills and have a personality that does not entirely suit you. But I have made the decision to slow down, I have not been here 6 months yet. Things will work out for the best, I just need to give them time and to stop trying to rush them.

Irish Banking – Welcome to the 18th Century

Today marks 29 days since I arrived in Ireland and finally I have all the paper work I need to open a bank account. Navigating the Irish bank system has been an experience to say the least, in the 8 years since I last opened a bank account in Ireland the country has tightened its rules on proof of identity and proof of address for new accounts. No longer does a letter from your employer (or the manager of the hostel you are living in as was my case the first time round!) count as proof of address. This can make proving your address especially difficult for someone new to the country who is currently living with friends/family or in shared accommodation.

Finally after being employed for over a fortnight I have the letter from Revenue (the Irish tax department) providing the proof of my address I need to open my bank account. I have made an appointment at a local bank and fingers crossed I will have my account open in another two weeks… yes that’s right two more weeks! Why? Because it can take up to a week to get an appointment with a bank and then a further 7 days to “process” your information and set up the account. But then I shall only have an account, it will be up to another 7 days before I have a debit card in which to allow me to access my money without having to go into a bank. It really is not a quick process…

BoI_g

So what have I been doing in the meantime to access my money?

So far I have been living off my Australian savings but that is not ideal. For every cash withdrawal I make it cost me $5 in bank fees and for every transaction 2.5%, I am also limited by the Irish ATM’s to a maximum 600€ withdrawal a day. This can make things difficult if you are wanting to provide a cash deposit and/or one month’s bond to someone for a share house to secure your accommodation.

As I have been working for the last fortnight in Ireland and I don’t have a bank account, I am paid by cheque. I received my first cheque last week and having been told that cheque’s could only be cashed by the bank who drafted the cheque I headed off to my nearest Bank of Ireland branch. On arriving at the bank and spending half an hour in line (it was lunch time so there was only one teller on) I was finally served. I was quickly disappointed again as the cashier advised me that not only did a cheque have to be banked within the same bank but also within the same branch in which it was drafted. In this case a branch about 40min walk from my workplace and nowhere near my home.

I was astonished and infuriated. I couldn’t understand – it was the same bank! I asked the cashier to explain why this was to me, but they could not say more than it was bank policy. My past experience with cheques has been limited to the annual Christmas/birthday cheque from the grandparents living on the other side of the country. Never have I had to fly across the country to bank my $50 cheque, so why could the bank that issued the cheque not also cash it? – the answer I may never know. So my cheque continues to sit in my dresser until next week when I go to pick up my next cheque and I will then proceed to walk the 40 min to the bank and cash both cheques at once.

Maybe it’s my “first-world problem” but I feel as we continue to storm through the 21st century the Irish banking system is providing us with a little taste of 18th century life.