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Business Start Up Package

Business Start Up Package

If you're thinking about starting your own business, why not benefit from a range of banking and practical business start-up solutions on the market? We offer a range of current account banking services free of charge for 2 years, in addition to several other banking deals. We also offer additional support from some well known business experts to support your wider business start-up needs.

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Benefits that really add up

As a new business start-up customer with Bank of Ireland, where the account is opened between 1st January 2011 and 31st of December 2011, you can enjoy:

  • A range of current account banking services free of charge for two years1
  • Free monthly subscription fee for the first twenty four months to Levels 1/2 of Business On Line2, our online business banking service.
  • The Business Surplus Deposit Account3offers a premium rate on surplus cash.
  • Advice from your Business Adviser4 to identify and access the right finance and borrowing solutions for your business.
  • A Visa Business Card4 with the annual fee waived for the first year.
  • Reduced administration fees on Invoice Finance5facilities for companies with a projected turnover in excess of €500,000.
  • Flexible Leasing/Hire Purchase6repayment schedule in which the set-up fee on your first Leasing/Hire Purchase facility is waived.
  • Free financial review with one of our qualified Insurance & Investments7Managers.
  • Free one hour consultation with one of our treasury specialists8to discuss currency risks to which your business may be exposed.
  • Access to our free Business Start-Up Online Training Course
  • Please click here for Terms and Conditions

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Business Current Account

When you sign up for a new Business Start-Up Current Account you will benefit from free:

• Current account maintenance fees and transaction fees
• Set up of standing orders or direct debits
• Amendments to standing orders
• Stop payment instructions
• Unpaid cheques/direct debits inwards
• Carbonised ‘businesscheck’ (Government duty of €0.50 per cheque applies)

All other fees and charges will apply to your account at standard rates including non-euro Cirrus and Maestro transactions undertaken in countries outside the EU, Iceland, Liechtenstein or Norway. Standard current account fees and charges will apply once the two year period is over.

Please refer to our Schedule of Fees and Charges for Business Customers and our Schedule of International Transaction Charges for full details.

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Partner Offers1

Because we understand that there is more involved in starting a business than just the banking, we've teamed up with some well known business experts to support your wider business start-up needs. These offers are available anytime within the first twelve months of opening a Business Start-Up current account with Bank of Ireland. 

  • Free one hour consultation with a participating chartered accountant (Institute of Chartered Accountants in Ireland)
  • Free one hour consultation with a participating ACCA (Association of Chartered Certified Accountants) accountant
  • Free one hour consultation with a participating Solicitor
  • As a Business Start-Up you can avail of a free one hour consultation with a business mentor from Enterprise Builder
  • Elavon Financial Services is Bank of Ireland's exclusive partner in the provision of Card Payment Processing services. As a Business Start Up customer you can enjoy a 50% reduction in registration fees once you sign up with Elavon Merchant Services. To find out more drop into your local branch or log on to www.elavon.com
  • 50% reduction on your membership fee with the Irish Small & Medium Enterprises Association for one year for new members

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Download our Business Start-Up brochure

For further information about how Bank of Ireland's Business Start-Up package can help make your new business a success, download our brochure here or call into your local Bank of Ireland branch and talk to your business adviser.

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Added Support

Click here for Bank of Ireland's Business Start-up Guides

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Online help and advice

Our community portal www.allaboutbusiness.ie is a dedicated website for start-ups and SME businesses in Ireland. This award winning site hosts video interviews and articles and is packed with advice on running and growing a business.

And if you want advice on how to run your business, then log on to www.runningyourbusiness.ie, which is an independent source of business information for SME’s and entrepreneurs.

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Free Online Training Course for start-up businesses

Click here to access Bank of Ireland's Free Business Start Up Online Training Course

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Terms & Conditions

  1. Offer is for a two-year period from the date of opening a Business Start-Up Current Account with Bank of Ireland. Certain charges may apply. Business Start-Up Current Accounts that are grouped for fee charging purposes will not be charged cash handling fees for the first €13,000 notes lodged or withdrawn across the combined accounts each quarter. Coins are not included in this concession. The standard note handling fee will apply to notes lodged or withdrawn in excess of €13,000 per quarter. Standard fees and charges will apply at end of two-year period. Please refer to the Schedule of Fees & Charges for Business Customer’s, which is available online at www.bankofireland.com or from any Bank of Ireland branch.
  2. The two-year Business On Line free period starts from the day the Business Start-Up Current Account is opened. It does not apply to pre-existing Business On Line profiles or multi-companies. Transaction fees and additional ebanking services are not covered by this package. For further information, including details of other charges that may apply, please contact 1850 264 265. Terms and conditions apply to Business On Line Levels 1/2.
  3. Terms and conditions apply to the Business Surplus Deposit Account.
  4. Lending terms and conditions apply to Small Business Loans, Visa Business Cards and Invoice Finance facilities. Government duty of €30 per annum per Visa Business card applies. Further information including details of other charges that may apply are available from any Bank of Ireland branch.
  5. Bank of Ireland does not give any representations or warranties about the firms used in this scheme and does not accept any liability in respect of the advice or service provided in any circumstances. Where you are directed to a website not maintained by Bank of Ireland or any member of Bank of Ireland Group you are reminded that different terms and conditions of use will apply to you as a user of such a website. Bank of Ireland hereby disclaims any and all liability for the content of such website and any loss or damage of any nature suffered by you as a result of accessing or using such websites. The use of any such other websites referred toin this Business Start-Up package is at your sole risk. The Business Start-Up offer (excluding the Business On Line and the Leasing/Hire Purchase offer) is available to new Business Start-Up customers who have opened their Business Current Account with Bank of Ireland between the period 1st January 2011 and 31st December 2011.
  6. Offer is available anytime over the two-year period from the date of opening a Business Start-Up Current Account with Bank of Ireland
  7. Revenue limits, terms and conditions apply. Benefits are subject to underwriting requirements and policy conditions. It is important to note that certain restrictions, conditions and exclusions apply. Where relevant, life assurance tax applies. Life assurance premiums are subject to a Government levy (currently 1%). Tax relief for pensions is not automatically granted; you must apply to and satisfy Revenue requirements. Your benefits at retirement may be subject to tax
  8. Terms and conditions apply to our Global Markets products
  9. Liable for Government duty and charges for non-euro ATM (Cirrus) or Laser (Maestro) transactions made outside of the EU, see the Schedule of International Banking Charges for full details of these charges.
  10. Government duty of €0.50 per cheque applies.

The above offers are available anytime within a twelve month period from the date of opening a business start-up current account with Bank of Ireland.

Bank of Ireland is regulated by the Central Bank of Ireland.

Contact your local Bank of Ireland for full details.

For further queries please email us at business.banking@boi.com

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Business Current Account

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1890 365 222

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