Bank of Ireland business bank account comparison and review

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.

Compare Bank of Ireland’s business accounts

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Product	Finder Score	Account fee	Bank transfers	Requires credit check	Arranged overdraft	Accounting integrations	Account management	Key benefits	Business bottom txt
Finder score Not yet rated Bank of Ireland UK Business Current (NI) Account - Small Business Start Up	Finder score Not yet rated	Free	Free			N/A	Branch, online, app & phone	More info Compare product selection Compare	loading

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What is Bank of Ireland business banking?

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 6-step process.

It also offers business credit cards, overdrafts and insurances as well as business loans and finance.

Bank of Ireland business account options

• • Business current account. This is an everyday business banking account that is available to existing businesses and sole traders. You’ll get a debit card, and access to overdraft, cash handling services and simple pricing.
  • Business startup account. This is a specialised package designed for new businesses and startups. To qualify, your business must have an annual turnover of less than £2 million and it must have been trading for less than 2 years. Applicants receive a standard current account, with no transaction fees for the first year, and then 50% off transaction fees in year 2. You’ll also get access to a dedicated phone support line, enterprise programme and free tools and guides.

Bank of Ireland business current account features

• • Contactless debit card. You’ll receive a Visa debit card that lets you access the funds in your current account from anywhere in the world.
  • Simple pricing structure. Bank of Ireland aims to provide transparent banking fees so you can control and track your spending.
  • Online, phone and mobile banking. You can access and manage your business bank account no matter where you are.
  • Business overdraft. With a business current account, you can also use an agreed overdraft to help manage your cashflow.

Bank of Ireland business banking fees and charges

Customer service information for Bank of Ireland

Pros and cons of Bank of Ireland business banking

Our verdict

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 free banking for the first year, and 50% off the second, as well as tools and guides to help businesses which are just getting established. However, 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.

Written by

Tom Stelzer

Writer

Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney. See full bio