Allied Irish Bank

Allied Irish Bank business bank account comparison and review

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

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Allied Irish Bank offers a range of current accounts for business owners. In this guide, you’ll learn all about the features available with Allied Irish Bank business accounts and how well they compare to other accounts from other banks.

Compare Allied Irish Bank’s business accounts

Name Product Account fee Bank transfers Interest (AER) Accounting integrations Arranged overdraft Account management Key benefits Link
Business Plus
£10 per quarter
Free
0% AER
N/A
Branch, online & phone
View details
Business Current Extra
£10 per quarter
Free
0% AER
N/A
Branch, online & phone
View details
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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

International banking with an Allied Irish Bank business account

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.

Pros and cons of the Allied Irish Bank business account

Pros

  • In-person banking possible at its small branch network and at Post Offices.
  • Internet banking.
  • Business debit card for use at home or abroad.
  • Overdraft available.

Cons

  • Only one type of business account available.
  • Monthly account fee and other transaction fees are not the most competitive.

Our verdict

Allied Irish Bank only has one business account available, which is unusual for a bank with a high street presence. That said, its high street presence is quite limited in Britain, although it is possible to carry out some banking transactions, such as paying in cash and cheques, at branches of the Post Office. Fees associated with this business account are a bit pricey (and you have to pay for debit card transactions), so if your business account has a high transaction volume, you might be better off looking elsewhere.

Get started by visiting Allied Irish Bank’s website and sign up for an account. If you have read this review and decided that Allied Irish Bank’s account is not for you, you can also compare other business bank accounts on the market.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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