Account Maintenance Fee Business Accounts

sudanfirm

Is there a certain minimum account balance for business accounts that avoid the account maintenance fee?

Bank of Ireland: Tara P

sudanfirm wrote: »

Is there a certain minimum account balance for business accounts that avoid the account maintenance fee?

Hi sudanfirm,

Thank you for contacting us here on Boards.ie.

See here for information on charges for Bank of Ireland Business accounts:

http://bit.ly/1RFIBEN

Page 12 of this brochure will give you information on how to minimise your business fees and charges.

Thanks again,

Tara C

sudanfirm

My question was very specific and is not addressed in the bulletin you linked. Le try try again.

BOI is charging my business account an Account Maintenance Fee regardless of my account activity such as checks and other transactions in the account. Is there any minimum account balance I can keep in the account that avoids the Account Maintenance Fee? BOI has this for personal accounts.

Thanks.

Bank of Ireland: Elaine

Hi sudanfirm, 

We are sorry to hear that you feel that your original query was not addressed specifically. 

While our personal accounts offer free quarterly account transaction fees if you maintain a minimum credit balance of E3000 in the account throughout the full fee quarter, the quarterly maintenance fee will still apply. 

While this fee is unavoidable on every account, the link provided in our previous post will give you tips on how to reduce your banking transaction fees on a Business account. 

We hope this helps clarify your query. 

Thanks, 
Elaine 

sudanfirm

Bank of Ireland: Elaine wrote: »

Hi sudanfirm, 

We are sorry to hear that you feel that your original query was not addressed specifically. 

While our personal accounts offer free quarterly account transaction fees if you maintain a minimum credit balance of E3000 in the account throughout the full fee quarter, the quarterly maintenance fee will still apply. 

While this fee is unavoidable on every account, the link provided in our previous post will give you tips on how to reduce your banking transaction fees on a Business account. 

We hope this helps clarify your query. 

Thanks, 
Elaine 

I wish the answer was different, but thanks for clearing that up.