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. Due to demand, Bank of Ireland is not currently accepting applications from new customers for Business Current Accounts in Northern Ireland.
Bank 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 six-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): 1890 35 44 54
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 a long period of free banking (24 months), as well as tools and guides to help businesses which are just getting established, although 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.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 has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
Learn more about GoHenry and Starling Kite and find out which is the better prepaid card option for your child.
Our fixed-rate ISA calculator estimates whether paying the get-out penalty on your ISA is worth it to open a new one at a better rate.
Recent estimates suggest that over 8 million people live alone in the UK, so we’ve crunched the numbers to find the cost of being single.
Monzo is getting in on the cards-for-kids action. And this one is free. Get ready to dish out the Monzos, mum-zos!
Before you switch accounts to Bank of Scotland, check to see if you can grab a juicy switch bonus.
Learn all about how to get the latest switching offer from Halifax.
Learn all about how to get the latest switching offer from Nationwide.
Find out the cost and car insurance group of a Volvo XC40, and see how much you could pay based on age, location and model.
Find out the cost and car insurance group of a Mini Cooper S and see how much you could pay based on age, location and model.
Find out the cost and car insurance group of a Smart car, and see how much you could pay based on age, location and model.