Bank of Ireland business banking contact details
New customers (Ireland): 1890 35 44 54
New customers (outside Ireland): +353 1 4044034
Startup or new businesses: 0818 200 413
Bank of Ireland business bank account comparison and review
Bank of Ireland offers straightforward banking options for existing businesses, as well as specialised accounts for startup or new businesses.
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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.
Compare Bank of Ireland’s business accounts
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 six-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. Applicants receive a standard current account, with no transaction or maintenance fees for the first 24 months. You’ll also get access to a dedicated phone support line, enterprise programme and free tools and guides.
- Business agri package. This is a package designed for businesses in the agricultural sector.
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.
- Additional accounts. You can get a savings account, business credit card and additional current account as part of the same application.
Bank of Ireland business banking fees and charges
| 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 |
Pros and cons of Bank of Ireland business banking
Pros
- Choice of standard or startup account.
- Startup account comes with business resources and an initial free banking period.
- Overdraft and business credit card options.
- Account switching service available.
- Branch network for in-person banking (Ireland and Northern Ireland only).
Cons
- Standard account maintenance charge and transaction fees might be cheaper elsewhere.
- No branch network in Great Britain.
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 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.
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