Online Banking Information
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Deciding which payment solution meets your needs
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Would your business benefit from banking online?
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Electronic Banking Solutions to choose from
Deciding which payment solution meets your needs
With Bank of Ireland there are many ways you can make and receive payments. Deciding the best way to make a payment can be compared to the simple example of sending a product brochure to a customer. There are a number of options available to you e.g. standard post, express post, registered post, courier, email etc. Most likely, the option you choose will be dependent on your needs at the time and the importance you attach to a particular set of criteria, for instance is it important to get it there quickly? Do you have a particular budget to consider? Is security an issue?
Let's look at an example of paying a supplier
So, there are a range of options to choose from and the good news is that Bank of Ireland provides a wide range of payment options to meet all your needs.
Would your business benefit from banking online?
Ask yourself the following questions.
Do you ring or visit your branch regularly for balance / transactions?
Yes? Did you know you can do this online and save time and money?
Do you write more than 10 cheques per week?
Yes? Did you know, each domestic cheque you write costs your business up to €1.42 - if you were to make the same payment online it would only cost you typically €0.24?
Note: €1.42 comprises of a Transaction fee €0.37, Gov Stamp Duty €0.50 and Postage €0.55. Please note the €0.24 transaction fee does not include the Business On Line monthly subscription fee.
Do you make urgent payments on a regular basis?
Yes? Did you know you could make urgent payments online and in some cases save money?
Do you want to pay staff/suppliers directly into their bank accounts?
Yes? Did you know you could pay all your salaries online with our batch Electronic Fund Transfer service saving you time and money?
Do you want to collect debtor payments electronically?
Yes? Did you know, Business On Line can facilitate the collection of debtor payments electronically
Electronic Banking Solutions to choose from
If you’re interested in any of the electronic banking solutions below please contact us and we will tell you how you can use these services, what terms and conditions apply and what fees and charges are applicable.
Business On Line
If you require 24/7 access to your business account details and typically make regular but low numbers of payments either domestically or internationally then Business On Line is the product for you.
It allows you to:
- view balances and transactions
- make domestic and cross border payments
- export files to company accounting packages
And now more than ever is a good time to consider banking online because if you register for Business On Line between 1st January 2012 and 31st of January 2013 you can have 6 months free monthly subscription to levels 1/ 2. Business On Line transaction fees and charges and regular current account transaction fees will be applied as normal. Please refer to the Business On Line brochure, Schedule of Fees and Charges for Business Customers and the Schedule of International Transaction Charges.
For full details of Business On Line fees and charges, call Business On Line on 1890 818 265.
Click here to go to our online savings calculator
Creditor Automated Payments
If your business has a requirement to make large volumes of payments either domestically or internationally than Creditor Automated Payments is the product for you.
It allows you to make high volume /mixed currency foreign and domestic payments to suppliers
Electronic Funds Transfer (EFT)
If your business needs to make high volume domestic payments to suppliers and /or staff then our Electronic Fund Transfer products are for you
EFT allows you to make regular grouped domestic payments to employees and suppliers or the collection of payments from debtors through Direct Pay, Direct Credit and Direct Debit facilities
Account Reconciliation
Is suited to large businesses that require regular and convenient access to movements on their accounts
It provides account transaction details at regular intervals to customers wishing to receive details, in an automated form, of both debits and credits posted to their accounts