Allied Irish Bank business account review

British businesses can open a current account with Allied Irish Bank - we take a look at what it offers.

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What type of business account does Allied Irish Bank have?

Allied Irish Bank is a major bank in its native Ireland, but it also has a banking division in Great Britain.

This subsidiary offers a range of bank accounts, saving products and loans. It has 21 branches in Britain, and some banking services can also be carried out in person at Post Offices.

At the moment, Allied Irish Bank (GB) offers one business current account to its customers.

What are the fees for an Allied Irish Bank business account?

There are quite a few fees to take note of with an Allied Irish Bank business current account, which include:

  • Quarterly account fee: £10
  • Debit card transactions: 55p each
  • Direct debits and standing orders: 55p each
  • Notes/coins paid in at a bank branch: 65p per £100 / £1.50 per £100
  • Notes and coins paid in at a Post Office: 65p per £100
  • Cheques cashed at a Post Office: 70p each

What are the features of an Allied Irish Bank business account?

  • Internet banking
  • Electronic payments, direct debits and standing orders
  • Cash pay-in at branches and Post Offices
  • Business debit card
  • Overdraft facility

What about international banking?

You can make electronic payments from your Allied Irish Bank business account to people or other companies that have accounts at overseas banks. These payments can be made in a range of currencies, although there may be additional charges for this.

Also, the business debit card that accompanies this account is a Visa, so you can use it anywhere in the world where Visa debit is an accepted form of payment.

What do I need to open an Allied Irish Bank business account?

To open a business current account with Allied Irish Bank you will need the following:

  • Proof of identity
  • Proof of address
  • Your registered business name
  • Your contact details

The bank may also ask you for more details about your business when you go through the account opening process.

How can I contact Allied Irish Bank?

You can call the bank on 0345 600 5204 to open a business current account.

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