Business Startup Account

Features & benefits

• No maintenance and transaction fees for 2 years¹ – our start-up business current account comes with transaction and maintenance fees waived for 24 months
• Contactless payments – Apple Pay and Google Pay
• Free subscription to BOL – enjoy a free subscription to Business On Line for 2 years
• Phone support line – call 0818 200 413 to find out more about our business start-up account and how to apply
• Apply online – sole traders can apply online. For Limited company, Partnership and all other types of business current accounts you will need to arrange a meeting with one of our business advisors
• ThinkBusiness.ie² – online support to help your business start, run and grow

• Business Start-up Current Account

  Our startup current account helps make everyday banking easy.

  • Transaction and maintenance fees waived for 24 months³
  • Business Debit Card – all Business Debit Cards are contactless enabled so you can pay for items up to €50. There is no additional charge for replacement of debit cards for Business Startup customers
  • 365 online, and mobile banking – bank whenever, wherever you want. With access to 365 online, customers can make online payments of up to €20,000 a day (suitable for those who require single user authorisation to use online banking)
  • No overdraft facility fee (€50 a year). This fee is waived for two years⁴
  • A range of business deposit options including instant access to business notice accounts and fixed term deposits

• Finance to help your business grow

  Business Loans

  We understand that the right investment at the right time will drive every business forward.

  So if you think it’s time for your business to borrow why not talk to us about our small business and agri loan?

  Apply for a business loan of up to €120,000 or call 0818 210 614 to find out more⁵.

  Warning: If you do not meet the repayments on your credit facility agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.

  Asset Finance

  Leasing and Hire Purchase

  Leasing and Hire Purchase are great ways to acquire new and upgraded equipment, plant, vehicles and technology without tying up working capital and using up other forms of credit. Leasing and Hire Purchase can help business startup customers to obtain a flexible repayment schedule to suit cashflow. We will also waive the Leasing or Hire Purchase initial set-up fee on any new agreement.

  Leasing

  Leasing allows your business to obtain the use of selected plant, equipment or vehicles over an agreed term in exchange for a fixed rental.

  • Payment schedules can be tailored to match income and cash flow
  • In the case of VAT registered customers, the VAT charged on leased rentals may be recoverable.⁶

  Lending criteria and terms and conditions apply. Finance is provided by way of a fixed rate business lease agreement. The credit provider is Bank of Ireland trading as Bank of Ireland Finance.

  Warning: If you do not meet the repayments on your credit facility agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.

• Ways to bank

  Online Banking

  Online Banking allows you instant access and control to make or receive payments, facilitate transfers between accounts, set-up standing orders and much more.

  Compare your options – choose from our two online banking channels to stay in control of your business finances.

  365 Phone & Digital Banking

  Convenient and easy to bank with. Available to both personal and business customers, sole traders including sole traders with a trading name, agri customers and small limited companies (“one person operation” set up as a Legal entity where there is a sole signatory or individual signing authority).

  For further information, please contact your local branch:

  • Single user access to online banking
  • Need to make low value payments online
  • Make bulk payments

  Business On Line

  Dedicated online banking solution for larger business customers who require enhanced online payments functionality:

  • Access for multiple users
  • Higher payment limits
  • The option for dual payment authorisation
  • Make bulk payments

  Terms and conditions apply to use of online banking channels as do fees and charges which are covered in our schedule of fees and charges for business customers, available in branch or at bankofireland.com

  For more information on our online banking channels, please click here.

  BOI Payment Acceptance (BOIPA)

  Everyone in business understands the growing importance of being able to accept card payments. Whatever business you’re in, with BOIPA, you can:

  • Grow your business by accepting card payments
  • Provide an extra payment choice for your customers
  • Make internet and telephone sales
  • Improve cash flow with next day banking settlement to your account
  • Benefit from transparent pricing (simple fixed pricing plans and no hidden fees).

  BOIPA packages start from as little as €45 a month for your point-of-sale terminal. That includes card spend worth €2,000. As your business grows, you can easily move to a higher payment plan, giving you flexibility and peace of mind. To apply for a BOIPA terminal, simply call in to your local Bank of Ireland branch.

  Alternatively, you can contact BOIPA directly 0818 251 251 or visit BOIPA.com for more information.

  BOIPA is a 3rd party payments provider, not part of the Bank of Ireland Group. By clicking on the link, you will be brought straight to their website.

  Global Payments Europe, s.r.o., Irish Branch, trading as BOI Payment Acceptance is registered under Companies Registration Office Ireland number 910420. Further trading name of Global Payments Europe, s.r.o., Irish Branch, is “BOIPA”. Global Payments Europe, s.r.o., Irish Branch is a Payment Institution authorised by the Czech National Bank in the Czech Republic (register available at www.cnb.cz) and is regulated by the Central Bank of Ireland for consumer protection rules.

  Global Payments Europe, s.r.o., Irish Branch trading as BOI Payment Acceptance is not a member of the Bank of Ireland Group. BOI Payment Acceptance has entered into a marketing alliance with the Bank of Ireland.

  BOI and the Tree of Life logo are trademarks of The Governor and Company of the Bank of Ireland and are being used under licence by Global Payments Europe, s.r.o., Irish Branch trading as BOI Payment Acceptance. Underwriting Criteria, Terms and Conditions apply.

  View more information on our online banking channels.

  Business Credit Cards

  A business credit card is an essential tool for your business offering you control, simplicity and certainty.

  International Payments

  Protecting you against foreign exchange risk

  Our team of experienced professionals, based throughout the country, will work with you to ensure swift and safe execution of your international payments and receipts.. Your payments and transactions can be executed swiftly and securely with our dealing team by phone or through our online foreign exchange platform – FXPAY.

  Supporting you to trade overseas

  We have a full service Trade Finance team available to support you when you are trading on overseas markets via an extensive range of products and a team of documentary specialists. Our global network of correspondent banking relationships can be especially valuable to your business if you are trading in new markets.

  Talk to our Global Markets, today, to learn how we can support you to grow internationally while managing your risks appropriately.

  For more information, please contact askthedealer@boi.com or call us on 01 609 4300

  Warning: These products can be affected by changes in currency exchange rates.

  
  

Advice and Support

We know that starting a business can be challenging, so we are here to help you every step of the way.

• ThinkBusiness

  ThinkBusiness.ie provides practical, actionable information and guidance on starting, growing and running a business. It offers guides, tools, templates, check lists and a wealth of other content tailored to meet the needs of Irish business owners and managers. It also showcases case studies, with insights, tips and advice from Irish entrepreneurs and business owners who have succeeded. For more information visit www.thinkbusiness.ie.

  ThinkBusiness is powered by Bank of Ireland

Terms & Conditions

New Customer Business Account Terms & Conditions apply:

Press Notices

Other Products Terms & Conditions

• Business Current Account
  
  Excluding those listed as part of the Business Start Up Package offer all other fees and charges will apply to your account at standard rates including non-euro Visa Debit (ATM) and Visa Debit (point of sale) transactions undertaken in countries outside the EU, Iceland, Liechtenstein or Norway.
  Please refer to our:
  

  Schedule of Fees and Charges for Business Customers

  To view our Schedule of International Transaction Charges document, please click here.
  

  Standard fees and charges, as outlined in the Schedule of Fees and Charges for Business Customers, will apply at the end of the one year period.

  
  
• Business On Line
  
  One year free monthly subscription to Business On Line offer does not apply to existing Business On Line customers, multi-companies (company is within a group of companies) or Service Level 3 customers. Business On Line transaction fees and charges will apply. Standard Business On Line subscription charges will apply at the end of the one year period as outlined in the Business On Line brochure (as may be amended from time to time):
  

  
  
• Business Credit Card

  An annual fee of €31 will apply to the Business Credit Card after the first year. This offer does not apply to Gold Business Credit Cards. Government duty of €30 per annum per card applies. Lending criteria, terms and conditions apply.

• Insurance and Investments

  Bank of Ireland Life is a trading name of New Ireland Assurance Company plc. New Ireland Assurance Company plc trading as Bank of Ireland Life is regulated by the Central Bank of Ireland.
  Bank of Ireland Insurance & Investments Limited is regulated by the Central Bank of Ireland. Bank of Ireland Insurance & Investments Limited is a tied agent of New Ireland Assurance Company plc. Members of Bank of Ireland Group.

• Global Markets
  
  Global Markets is a registered trading name of Bank of Ireland.
  
• Other Products
  
  Lending criteria terms and conditions apply to all lending products, leasing and hire purchase.
  Terms and conditions apply to all deposits and Global Markets products.
  
• Partner Offers
  
  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 to in this Business Start-Up package is at your sole risk.