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.
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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
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This new account comes with cashback on direct debits, interest on the balance in your account and a regular saver with one of the best rates in the market.
Paying too much interest on your overdraft? You might be able to move it to another account.
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