Register for Online Banking
As a member you can enjoy free Online Banking with MFCU.
Become a Member
You can join us online through our all new digital membership application. Verify your ID and upload your documents remotely.
Savings Accounts
Savings Accounts for Smarter Savings
Here's how to Join
Application Form
Fill in an application form available online or in branch.
Provide Required Documents
Provide the required documents (proof of address, photo ID and PPS numbers). It only costs €1 to join, and you have to lodge €5 to activate your account.
Wait for Approval
Your application will be sent for approval. You’ll get your account details in the post.
Of Course You'll Want To Join
Whether you’re saving for something in the future or for a ‘rainy day’, regular saving is a good idea. When it’s with Member First Credit Union, it’s an even better idea. With us, you’re not just a customer. You’re a member and part-owner of a successful financial cooperative. How about that for a feather in your cap? There’s also the bonus of knowing that your savings are being used to make loans to other members. Members just like you.
Join Nowtypes of Deposit Accounts
Share Account
The Share Account is the most popular of the saving accounts we offer. Each member of Member First Credit Union holds shares, making them part-owner of the credit union. Once you join and open a share account you may be eligible to open one of our deposit accounts below, subject to terms and conditions. Contact your local branch for more information.
CU Cash account
This is an on-demand non-interest earning account. There is no minimum amount that members have to save. You can lodge and withdraw savings from this account at any time, as they are not held against a loan. What’s more, there are no penalties and no charges.
How do I open one of these accounts?
You need to have a share account with the Credit Union first before being eligible to open this account. Call in or contact us on the details below and we’ll talk you through all of the details and terms & conditions. Please note though, you may be asked to provide proof of your PPSN and photo ID.
xMAS Savings account
- Christmas can be an expensive time, but with our Xmas Saving Account you have a whole year to prepare for it! Start saving even a little every week, and watch it grow.
This is an on-demand non-interest earning account, and separate to your other Member First Credit Union accounts. It’s easy to set up, and there are no fees.
- – Make lodgements directly by visa debit, payroll deduction, direct debit, cash payments or use your children’s allowance payments
- – Access your money from the 1st November to 31st January
- – Your Xmas Saving Account will not close following the payout date and you can continue to save for the following Christmas
How do I open one of these accounts?
You need to have a share account with the Credit Union first before being eligible to open this account. Call in or contact us on the details below and we’ll talk you through all of the details and terms & conditions. Please note though, you may be asked to provide proof of your PPSN and photo ID. But do it soon, because Christmas is coming!
Ways to save
ELECTRONIC FUNDS TRANSFER
Using your Credit Union account IBAN & BIC you can easily transfer funds into your Credit Union account.
DIRECT DEBIT
Complete a direct debit mandate form available in-branch or online under our downloads section.
VISA/DEBIT CARD
Make a deposit over the phone using a VISA/Debit Card. Our dedicated Member Service Centre is ready to take your call on (01) 851 3400.
OVER THE COUNTER
Call into any branch and pay over the counter. We have 8 Branch locations across North Dublin.
Other Information about our saving accounts
Savings Limit
The maximum amount of savings for all members who open or reactivate their account after the 8th December 2020 is €15,000. The maximum amount of savings for all other members is €30,000. The maximum amount of savings for all minor members (under the age of 16) is €5,000. These amounts are inclusive of all balances in Savings Accounts, Special Savings Account, CU Cash or Xmas Deposit Account.
For more information on the savings cap please click here.
If you would like to request a funds transfer to comply with our savings limits please click here.
DIRT
Note that all dividends earned are subject to DIRT. The dividend is posted net to the account every year, which means you will have no further tax liability on this income and there are no Revenue reporting requirements or member declarations attached to this account. This can represent a saving to some members who would normally be liable for tax at the highest marginal rate.
Deposit Guarantee Scheme
All of the savings of our members are guaranteed up to a maximum of €100,000 under the Government Deposit Guarantee Scheme. Information on the scheme is available at depositguarantee.ie.
CuCash and Xmas Savings Accounts
Please note that members must leave at least €63.50 in shares to be eligible for these accounts. Up to date ID and PPSN, as well as Proof of Address is also required to open these accounts.
