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Sterling account for businesses?

  • 20-08-2019 4:01pm
    #1
    jsty
    Registered Users, Registered Users 2 Posts: 1 ✭


    Hi,

    Recently setup a business bank account with BOI but forgot to ask about sterling accounts...

    They seem to only offer what’s referred to as a “sterling currency deposit account” but don’t seem to mention what differs this from a current account, if anything?

    Also if anyone can decipher what fees are involved for a simple sterling to sterling (based in the UK account) that’d be appreciated cos I can’t figure it out?
    personalbanking.bankofireland.com/app/uploads/2016/10/GM-accounts-Fees-and-Charges-Accounts-Aug-16.pdf

    Asked their customer service online but have been presented with misleading info multiple times with them so not thinking I’ll have much luck there. (They seem to think I’m asking about a UK based account and they don’t offer sterling ones here?)

    Thanks for any input!


Comments

  • #2
    TheShow
    Registered Users, Registered Users 2 Posts: 1,158 ✭✭✭TheShow


    It would be cheaper for you to open an NI bank account up the north.


  • #3
    quokula
    Registered Users, Registered Users 2 Posts: 3,751 ✭✭✭quokula


    Revolut do business accounts now. They're brilliant for dealing in sterling in a personal account. I don't know if they provide the level of service you'd need for a business though.


  • #4
    melchior1951
    Registered Users, Registered Users 2 Posts: 57 ✭✭melchior1951


    Splitwise offers free business accounts with multiple currencies. You save a lot when you want to exchange Sterling to Euro some day. You get a free debit card as well.


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