Davy Select: investment and pension accounts, quarterly charges, trading and withdrawals

Davy Select is an Irish execution-only investment service with a meaningful distinction between ordinary investment accounts and pensions. Personal investing combines a quarterly minimum charge with transaction commissions. Pension accounts generally use an annual percentage charge instead. The ownership structure, investment permission and fee model need to be chosen together; a pension’s advertised inclusive dealing does not make its money freely withdrawable.[1][5]

The ordinary online commission is 0.5%, with a EUR 14.99 minimum per transaction. A small investor should therefore assess both order size and the quarterly floor. The floor is not an instruction to trade: additional transactions can generate spread, tax and investment costs even when they absorb an account charge.[1]

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The retail agreement limits the execution-only service to non-complex instruments meeting Davy’s product-governance criteria. An instrument visible in a platform search can still be unavailable to trade. The dealing desk is the route for checking such a restriction, not a reason to assume unrestricted derivatives or margin access.[7]

PRSA purchases and sales do not have an individual base trading commission under the advertised annual model, but foreign-market charges and investment expenses can remain. Automated monthly investment into chosen funds is expressly offered for PRSAs; this is more specific than merely setting a direct debit to add cash.[5]

Ordinary personal investment cash does not earn contractual interest. Some annual-dealing pension and other specified accounts have different third-party deposit arrangements; no current fixed cash rate is established here. Davy is not itself the deposit-taking bank.[7][15]

During myDavy unavailability, the agreement provides a telephone-dealing route after verification. For an ordinary online client using that fallback, it specifies the lesser of the applicable myDavy charge and the account-type charge. This is a contractual outage exception, not a general waiver of normal telephone prices; it also cannot guarantee that every communications channel remains available.[7]

Davy permits one nominated bank account per currency. Requests receive an email acknowledgement, which is not confirmation that money has reached the bank. Cheque requests are normally posted the next working day once cash is available; the guide asks clients to make contact when a cheque has not arrived after five working days. Different securities and banking calendars can extend the overall journey.[8]

The name Davy Select identifies the service, while J&E Davy Unlimited Company is the firm in the legal record. Bank of Ireland group membership does not turn a securities portfolio into a bank deposit or give every Davy account a separate deposit-protection ceiling.[13][16][15]

Opening involves selecting the legal account structure, completing identification and supplying the corresponding ownership or authority documents. Joint, corporate and minor accounts are not simply price tiers. The pension team checks the proposed pension structure and contribution or transfer route; its involvement does not change an execution-only instruction into personal investment advice.[2][3][4][5]

This profile covers Davy Select’s Irish execution-only service, not every Davy wealth-management mandate or the separate Davy UK business. The CBI record confirms the named Irish investment firm; the current site identifies it as part of the Bank of Ireland Group. No new client-contract migration was established in this research, and no transfer of individual account rights is inferred merely from group ownership.[16][13]

Desk research was completed on 14 October 2026. No funded account, order, withdrawal, security recovery or support-response experiment was performed. Exact PRSA fee-boundary wording remains disclosed rather than silently repaired.