Business Start-up Account

Get your business off the ground

Starting a new business is a big step, but maintaining it is an even greater one. At Bank of Ireland, our business start-up account will give you everything you need to start, run and grow your business.

Limited company Sole trader

Account features & benefits

  • No maintenance and transaction fees for 2 years – our start-up business current account comes with transaction and maintenance fees waived for 24 months1
  • Contactless paymentsApple 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 and limited companies can apply online. Partnerships and all other types of business customers can arrange a meeting online 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?

    To apply for a loan of up to €120,000, click here 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 BOI Payment Acceptance, you can:

    • Grow your business by accepting card payments
    • Provide an added payment choice for your customers
    • Have the facility to enable internet and telephone sales
    • Improve cash flow management with next day banking settlement to your account
    • Avail of transparent pricing (simple fixed pricing plans and no hidden fees

    BOI Payment Acceptance packages start from as little as €42 per month for your point-of-sale terminal inclusive of 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 BOI Payment Acceptance terminal, simplycall in to your local Bank of Ireland branch.

    Alternatively, you can contact BOI Payment Acceptance directly 1890 251 251 or visit BOIPA.com for more information.

     

    Ready Made 2000 Ready Made 4000 Ready Made 8000
    €42 per month €58 per month €84 per month
    Includes €2000 monthly card turnover Includes €4000 monthly card turnover Includes €8000 monthly card turnover
    Payment Acceptance is provided by EVO Payments International GmbH trading as BOI Payment Acceptance. Underwriting Criteria, Terms and Conditions apply. EVO Payments International GmbH, trading as BOI Payment Acceptance is licenced by the Federal Financial Supervisory Authority BaFin (Bundesanstalt fur Finanzdienstleistungsaufsicht) in Germany and is regulated by the Central Bank of Ireland for conduct of business rules. EVO Payments International GmbH (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 EVO Payments International GmbH, trading as BOI Payment Acceptance.

    Business Credit Cards

    A Business Credit Card is an essential tool for your business offering you control, simplicity and certainty. For more information, click here.

    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.
1 Other charges including charges for lodging and/or withdrawing cash and coin will apply. For further information see our schedule of fees and charges for business customers available in branch or at bankofireland.com.
2 Think Business is powered by Bank of Ireland.
3 Other charges including charges for lodging and/or withdrawing cash and coin will apply. For further information see our schedule of fees and charges for business customers available in branch or at bankofireland.com
4 Lending terms and conditions apply
5 Level of security required and rate applicable, will be determined by the amount, purpose & term of facility, in conjunction with the nature and value of the security being offered. Lending criteria, terms and conditions apply. Over 18’s only. Maximum credit of €120,000 available for online applications and over the phone. For amounts greater than €120,000, contact your Relationship Manager or local branch
6 Where motor car leases are involved, full or partial VAT recovery is only available in very restricted circumstances

Ways we can help