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Best Bank for day to day running of small business..

  • 07-07-2015 12:51pm
    #1
    Drumpot
    Registered Users, Registered Users 2 Posts: 19,306 ✭✭✭✭


    Hi All,

    Hope somebody might have some advice.

    Basically I run a small company and the majority of my transactions are:

    • Direct Debits
    • Standing orders
    • national transfers in/out - mostly done online

    I am currently with AIB business and while I haven't really had any problems/issues, I have an opportunity to move to Ulster bank for 2 years free banking.

    Has anybody any experience with Ulster bank and in general does anybody find any specific bank better?

    I understand better doesn't necessarily mean cheaper, but from what I can see (shopping around), AIB is the most expensive for business accounts. Bigger flat annual charge (€250) and generally higher regular charges.

    When I asked them if they could do any better (quoting cheaper prices from competitors), they basically stated that they felt their service warranted the higher charges.


Comments

  • #2
    adrianw
    Registered Users, Registered Users 2 Posts: 236 ✭✭adrianw


    I use Ulster Bank and have not experienced anything yet that i would be unhappy about.


  • #3
    delahuntv
    Closed Accounts Posts: 1,532 ✭✭✭delahuntv


    In the current day of electronic banking, most offer a very similar service.

    Where a difference is had is in the relationship and financing your business and having advisors/seminars - AIB have been very good at this recently.

    But if you don;lt see any major need for finance, and your banking is fairly standard, then price would probably win out.


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