Almost a quarter of children received €800 for their First Holy Communion while average amount received was €617 - up 10% since last year.
According to The Ulster Bank Communion Survey almost two thirds of parents believe their child received too much money - while a fifth believe their child should contribute towards the cost of the day.
On average, girls received more money than boys.
The average amount of money parents spent on their child's communion was €929 - that's the highest spending recorded since 2011 according to the bank.
The survey also found that children have spent less of their Communion money when compared with 2018.
42% of children have already shared some of their Communion money with their siblings or donated some to charity.
