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.
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.
Customer service information for Allied Irish Bank
Email support
Telephone support
In-app or live chat
Contact form
Branch support
Our Allied Irish Bank business bank account 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. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.
Michelle Stevens is a deputy editor at Finder, specialising in banking, credit, loans and mortgages. She has a journalism degree from the University of Sheffield and has been a journalist for 15 years, writing on topics including fintech, payment systems and retail. In her spare time, Michelle likes to travel, explore new foodie experiences and attempt to improve her own culinary skills.
See full bio
Michelle's expertise
Michelle
has written
94
Finder guides across topics including:
By switching your business bank account, you may be able to reduce your monthly fees or take advantage of different features like smart bookkeeping tools.
In this guide, you’ll learn the key differences between the Tide and Starling business bank accounts and which one is most likely to suit you.
Advertiser disclosure
Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
