Bank of Ireland offers a business current account and a business start-up account to businesses in the UK and Ireland. Below we look at reviews for the company along with the accounts they offer, how much they cost and other key things you need to know to help you decide which business bank account provider is right for your business.
Bank of Ireland Reviews
There are currently no reviews available for the Bank of Ireland.
Bank of Ireland Business Current Account Plans, Packages & Prices
Bank of Ireland offers two business bank accounts. One is a standard business account and the second is a business start-up account.
Their Business Current Account offers:
- Online, mobile and telephone banking access
- Smart payment options through mobile payments including Google Pay and Apple Pay
- Contactless debit card
- Overdraft facility subject to approval
- Additional services including savings account and business credit card
Their Business Startup Account offers:
- Transaction and maintenance fees waived for 24 months
- Dedicated Business Startup phone support line (0818 200 413)
- Extended enterprise programme
- Access to free tools, guides and online support
- Online, mobile and telephone banking
- Mobile payments including Google Pay and Apple Pay
Business Credit Account charges include:
- Maintenance fee €15 per quarter
- Automated transaction fee €0.10
- Staff assisted transactions €0.60
- Credit transfer €0.60
- Debit card transactions €0.01
Note plans, packages and prices were all accurate at the time of publication (April 2021) but may have changed since then. Please check the Bank of Ireland’s website for the latest information.
Bank of Ireland Background
Bank of Ireland is one of the largest banks operating in Ireland that was established in 1783. They have a UK division that trades as Bank of Ireland (UK) and operates as part of the Bank of Ireland Group.
Bank of Ireland operates in the UK through their partnership with UK Post Offices who provide their counter services for them. Business customers are encouraged to use online banking to manage their account and their fee structure supports this.
They cater for businesses of all sizes and you can set up an account simply online if you are a sole trader or can book an appointment online if you are a bigger business. Their switching team will support you through the switching process and ensure that you can access the business bank account services you require.
Switching To Bank of Ireland
If you want to open a bank account with them there are two routes depending on the size of your business. Sole traders can apply online to open an account and they will contact you to open the account and switch your account over if required. Other business types will need to arrange a meeting using their booking tool on their website.
Their business advisers located at their branches will take you through the switching process to them. This includes selecting the best options for your business, informing your current provider, transferring bills and informing customers of your change of account.
Additional Business Services From Bank of Ireland
Bank of Ireland also offers a range of business finance products which includes:
Bank of Ireland Business Service Availability
Bank of Ireland offers business bank accounts to businesses of all sizes in the UK and Ireland including sole traders. They do not publish any eligibility criteria for their bank accounts, but an application process is required.
Bank of Ireland Business Customer Service and Complaints
- You can contact the Bank of Ireland customer service team on 1890 882 961 or 353 (0) 1 4883035 (lines open 9am-5pm Monday to Friday excluding Bank Holidays)
Bank of Ireland Business Contact
You can get in contact with the Bank of Ireland by:
- To switch call 0818 354 454 (Monday-Friday 8am-8pm, Saturday and Sunday 10am-6pm)
- Existing customer should call 1890 882 961 or 353 (0) 1 4883035 (lines open 9am-5pm Monday to Friday excluding Bank Holidays)
- Visit your local branch (Ireland only).
Bank of Ireland Business Services Pros/Cons
- Has a branch network with business advisers in Ireland
- Operates in the UK through Post Office branches
- Call centre that operates evenings and weekends
- No UK branches
- No customer reviews
- Complicated charging structure