Business Bank Account

godtabh

Can any one recommend a good Business Bank Account with a bank that has no or little bank charges and offer a decent interest fee?

I've been advised by my accountant to set one up. I wont need any credit facilities. I just need some where that my invoices can be paid into and that I can put away tax/vat away until it needs to be paid

zagro

godtabh wrote: »

Can any one recommend a good Business Bank Account with a bank that has no or little bank charges and offer a decent interest fee?

I've been advised by my accountant to set one up. I wont need any credit facilities. I just need some where that my invoices can be paid into and that I can put away tax/vat away until it needs to be paid

I advise you-don't go to Ulster Bank. There is a lot of paper work to do including three year business plan (even if you don't need any credit card or a loan)
Try AIB or Bank of Ireland. AIB is free for 2 years I think.
I use Paypal only

loggedoff

Moved from AIB to BOI myself recently, they seem to be much more open and helpful with business customers.

thesteve

You also need to ask yourself do you need the features of a business account or simply just a separate current account (which would be cheaper).

mneylon

AIB's online banking is a lot easier to use than the BOI system (for business accounts)

I've no idea about Ulster Bank

Mr Clonfadda

Why not open Business Deposit Account? should be charge free.
I current have business accounts with both AIB & BOI and am much happier with BOI they seem more business focussed at the moment

srsly78

They all have loads of fees, hundreds of euros per year for current account incl online banking (once the fee free period expires). Use a personal account instead if you can get away with it.