Bank of Ireland also offers business bank accounts in the UK. Below, you’ll discover the features available with Bank of Ireland business accounts and how they compare to other accounts.
To make comparing even easier we came up with the Finder Score. Fees, features and customer service across 20+ of the most popular banks are all weighted and scaled to produce a score out of 10. The higher the score the better the account – simple.
Read the full methodologyBank of Ireland offers straightforward business banking options for both companies and sole traders. It offers a standard business current account as well as a business startup account aimed at new businesses. Businesses looking to switch their account to Bank of Ireland can also do so via a simple 6-step process.
It also offers business credit cards, overdrafts and insurances as well as business loans and finance.
| Fee | Heading |
|---|---|
| Account maintenance fee | £25 per quarter |
| Contactless transaction | Free |
| Automated transaction | Free |
| ATM withdrawal | Free |
| Staff-assisted or non-automated transaction | £0.80 per transaction |
| Credit transfer | £0.80 per transaction |
| Cheques/lodged items | £0.90 per transaction |
New customers (Ireland): 0818 354 454
New customers (outside Ireland): +353 1 4044034
Startup or new businesses: 0818 200 413
| Email support | |
|---|---|
| Telephone support | |
| In-app or live chat | |
| Contact form | |
| Branch support |
Pros
Cons
The Bank of Ireland only has branches in Ireland and Northern Ireland, although its UK arm means that business accounts are also available in Great Britain, where you can use telephone banking, along with online and mobile banking. The startup account comes with free banking for the first year, and 50% off the second, as well as tools and guides to help businesses which are just getting established. However, there will be the standard account maintenance charge and other transaction fees to pay after that, which may be cheaper with other banking providers.
Get started by visiting Bank of Ireland’s website and sign up for an account. If you have read this review and decided that Bank of Ireland’s account is not for you, you can also compare other business bank accounts on the market.
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