Transcription
BusinessBusinessStartup
ContentGet your business off the ground3Key features of the Business Startup3Your everyday banking needs4Business fees and charges waived5Use Online Banking6Business Credit Card7Accept Card Payments8International Payments9Finance to help your business grow10Asset Finance11Hire Purchase12Our support to you13ThinkBusiness.ie14How to apply14
Business StartupGet your business off the groundStarting a new business is a big step but maintainingit is an even greater one. You need to decide how tobuild your brand, who the right people are to hire andwhere to get support. At Bank of Ireland our businessstartup will give you everything you need to help youstart, run and grow your business. As you work hard toget your business off the ground, we’ll be there to helpyou every step of the way.Key features of theBusiness Startup1.Our startup business current account comes withtransaction and maintenance fees waived for 24months. There are a number of service chargesand other fees and charges also waived as listedin this brochure*.2.If you are a sole trader you can apply online.Limited companies, partnership’s and all othertypes of business customers can arrange ameeting online with one of our business advisers.3.Business Startup phone support line. Call0818 200 413 today to find out more aboutour Business Startup and how to apply.4.ThinkBusiness.ie** – online support to help yourbusiness start, run and grow.Small business and agri customers can applyonline for loans by visitingbankofireland.com/businessloans or over thephone by calling 0818 210 614. (Monday to Friday 9am- 5pm excluding bank holidays).* 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 availablein branch or at bankofireland.com.** Think Business is powered by Bank of Ireland.3
Your everydaybanking needsA Business Startup Current AccountOur startup current account helps make everydaybanking easy. Transaction and maintenance fees waived for24 months* Business Debit Card - all Business Debit Cardsare contactless enabled so you can pay for itemsup to 50. There is no additional charge forreplacement of debit cards for Business Startupcustomers Apple and Google Pay-Contactless Payments 365 online and mobile banking – bank wheneverand wherever you want. With access to 365 online,customers can make online payments of up to 20,000 a day (365 online and mobile is suitablefor those who require single user authorisation) Subscription fees to Business On Line will bewaived for two years (suitable for businesses whoneed to make higher value payments, or whorequire dual authorisation transactions) No overdraft facility fee ( 50 a year). This fee iswaived for two years* A range of business deposit options includinginstant access to business notice accounts andfixed term deposits* 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 customersavailable in branch or at bankofireland.com* Lending terms and conditions apply4
Fees and Charges waived for Business StartupsTransaction typeFeesBusiness Current Account Maintenance FeesCurrent Account Maintenance Fee 15.00 perquarterBusiness Current Account Transaction FeesAutomated transactions (e.g. direct 0.10 perdebits/credits, standing ordertransactiondebits/credits, online, domesticDebit Card and euro Debit Cardtransactions)Paper and Staff Assisted Transactions(e.g. cheques, withdrawals andlodgements including withdrawals/lodgements at the counter usingdebit card)ATM/LATM (Lodgement ATM)Transactions (e.g. Lodgements/withdrawals using ATM/LATM)Credit transfers into your accountItems contained in a lodgementto your account (e.g. cheques andother non-cash items)Debit Card Contactless Transactionsin Euro 0.60 pertransaction 0.25 pertransaction 0.60 pertransaction 0.60 pertransactionWaivedfor 2 yrsüüüüüü 0.01 perütransactionBusiness Current Account Standing Order ChargesStanding Order Amendments 1.33 eachüStanding Order Set Ups 3.43 eachüStop Payment Instruction 5.05 eachücheque or direct debitBusiness Overdraft Facility FeeOverdraft Facility Fee for new andexisting facilities up to 60,000* 50 per annumBusiness On Line Subscription ChargeMonthly Business On Line 10.00 perSubscription ChargemonthBank of Ireland Finance Fees & ChargesBusiness Loan (Fixed rate)DocumentationFee 63.49Insurance Premium FinanceDocumentationFee 63.49Audit Certificate (Business customer) 12.70üüüüü* Charged at approval and annual anniversary5
Use Online BankingOnline Banking allows you instant access and control tomake or receive payments, facilitate transfers betweenaccounts, set-up standing orders and much more.Compare your options – choose from our two onlinebanking channels to stay in control of your businessfinances.365 Phone & Digital BankingConvenient and easy to bank with. Available to both personaland business customers, sole traders including sole traderswith a trading name, agri customers and small limitedcompanies (“one person operation” set up as a Legal entitywhere there is a sole signatory or individual signing authority). Single user access to online banking Need to make low value payments online Only need single authorisation to make a paymentBusiness On LineDedicated online banking solution for larger businesscustomers who require enhanced online paymentsfunctionality: Access for multiple users Higher payment limits The option for dual payment authorisation Make bulk paymentsTerms and conditions apply to use of online bankingchannels as do fees and charges which are coveredin our schedule of fees and charges for businesscustomers, available in branch or at bankofireland.com 6For more information on our onlinebanking channels, please visitbankofireland.com/onlinebankingforbusiness
Business Credit CardA Bank of Ireland Business Credit Card is a tailor-madeexpense management solution offering you control,certainty and security and has the below benefits: Business Credit Card annual fee of 31 waivedfor one year. After year one, the annual 31 feewill apply* No transaction fees for euro payments when youuse your credit card to pay for goods and services,making it a more cost-effective alternative towriting cheques Enjoy up to 37 days’ interest-free credit onpurchases. Pay in full each month by direct debitand you can avoid paying interest charges Tracking business spending is easy using yourdetailed monthly cardholder statements. Byseparating business and personal expenses, acredit card makes expense reconciliation quicker You can have an unlimited number of cardsper account, set individual credit limits for eachBusiness Credit Card and choose from a rangeof monthly payment dates to suit your cash-flow Comprehensive travel insurance for the card holderalong with up to 3 colleagues, covering up to 90days of any business trip when you pay for at least50% of your fare with your Business credit card Card liability waiver insurance ensuring yourcompany is covered in case of employee misuse** Contactless payments up to 50 Credit Cards are subject to annual GovernmentStamp Duty of 30 per cardIf you’d like to find out some more information orapply for a Business Credit Card please visit the Bankof Ireland website or contact your business adviser.* This does not apply to Gold Business Credit Card, which has an annual fee of 120.** See the card liability waiver insurance brochure available on bankofireland.com for further details,terms and conditions.Lending criteria terms and conditions apply to Business Credit Cards.Travel Insurance is provided by Bank of Ireland. The Travel Insurance cover is underwritten byAIG Europe Limited. AIG Europe Limited is authorised by the Prudential Regulation Authority ofthe United Kingdom, and is regulated by the Central Bank of Ireland for conduct of business rules.7
Accept Card PaymentsGiven the growing importance of being able to acceptcard payments, BOI Payment Acceptance supports youwith the following features: Grow your business by accepting card payments Provide an added payment choice for your customers Have the facility to enable Internet andtelephone sales Improve cash flow management with next bankingday settlement to your Bank of Ireland account Avail of transparent pricing (simple fixed pricingplans and no hidden fees)BOI Payment Acceptance has various pricing packagesto suit your business needs, for more details on pricingplan options refer to boi.com/pricing-packagesTo apply for a BOI Payment Acceptance terminal, simplycall in to your local Bank of Ireland branch. Alternatively,you can contact BOI Payment Acceptance directly: 1800 806 770 BOIPA.com sales@boipa.com Monday to Friday 9am to 5pm(excl. Bank Holidays)Ready Made 2000 Ready Made 4000 Ready Made 4000 45 per month 60 per month 90 per monthIncludes 2000Monthly cardturnoverIncludes 4000Monthly cardturnoverIncludes 8000Monthly cardturnoverPayment Acceptance is provided by EVO Payments International GmbH trading as BOI PaymentAcceptance. 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 Bankof Ireland for conduct of business rules. EVO Payments International GmbH (trading as BOI PaymentAcceptance) is not a member of the Bank of Ireland Group. BOI Payment Acceptance has entered intoa marketing alliance with the Bank of Ireland. BOI and the Tree of Life logo are trademarks of TheGovernor and Company of the Bank of Ireland and are being used under licence by EVO PaymentsInternational GmbH, trading as BOI Payment Acceptance.8
International paymentsProtecting you against foreign exchange riskOur team of experienced professionals, basedthroughout the country, will work with you to ensureswift and safe execution of your international paymentsand receipts. Your payments and transactions can beexecuted swiftly and securely with our dealing teamby phone or through our online foreign exchangeplatform – FXPAY.Supporting you to trade overseasWe have a full service Trade Finance team availableto support you when you are trading on overseasmarkets via an extensive range of products and ateam of documentary specialists. Our global networkof correspondent banking relationships can beespecially valuable to your business if you are tradingin new markets.Talk to our Global Markets Team today, to learn howwe can support you to grow internationally whilemanaging your risks appropriately.For more information, please contact: askthedealer@boi.com 01 609 4300 00353 1609 43139
Finance to helpyour business growSmall Business & Agri loanWe understand that the right investment at theright time will drive every business forward.So, if you think it’s time for your business to grow, whynot talk to us about our small business and agri loan?To apply for a loan, you can apply online atbankofireland.com/businessloans or call0818 210 614 to find out more.Monday to Friday 9am to 5pm(excl. Bank Holidays)Level of security required and rate applicable, will be determined by the amount, purpose & term offacility, in conjunction with the nature and value of the security being offered. Lending criteria, termsand conditions apply. Over 18’s only. Maximum credit of 120,000 available for online applications andover the phone. For amounts greater than 120,000, contact your Relationship Manager or local branch.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 maylimit your ability to access credit in the future.10
Asset FinanceLeasing and Hire PurchaseLeasing and Hire Purchase are great ways to acquirenew and upgraded equipment, plant, vehicles andtechnology without tying up working capital and usingup other forms of credit. Leasing and Hire Purchasecan help business startup customers to obtain aflexible repayment schedule to suit cashflow. We willalso waive the Leasing or Hire Purchase initial set-upfee on any new agreement.LeasingLeasing allows your business to obtain the use ofselected plant, equipment or vehicles over an agreedterm in exchange for a fixed rental. Payment schedules can be tailored to match yourincome and cash flow In the case of VAT registered customers, the VATcharged on leased rentals may be recoverable.Where motor car leases are involved, full or partialVAT recovery is only available in very restrictedcircumstancesLending criteria and terms and conditions apply.Finance is provided by way of a fixed rate business lease agreement. The credit provider is Bank ofIreland 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 maylimit your ability to access credit in the future.11
Hire PurchaseHire Purchase can help your business to acquire assetswhilst preserving valuable working capital and usingup other forms of credit. It’s among the best ways toacquire new and upgraded equipment, plant, vehiclesand technology without tying up working capital. From the Hirer’s perspective assets financed by way ofhire purchase for the purposes of tax and accountingare treated as though the assets “belonged” to thehirer (subject to compliance with applicable rules) It’s a simple, straightforward finance facility Instalment Payments are fixed, allowing youto budget accuratelyFind out more at bankofireland.com/assetfinanceor through Bank of Ireland Finance Direct at 0818 210 615.Monday to Friday 9am to 5pm(excl. Bank Holidays)Lending criteria and terms and conditions apply.Finance is provided by way of a fixed rate business hire purchase agreement. In the case of HirePurchase ownership remains with Bank of Ireland until the final payment is made. The credit provideris 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 maylimit your ability to access credit in the future.12
Our support to youWe will give you the support you need to grow yourbusiness.With the Business Startup you can avail of: Access to our phone support team who will answerany queries you may have about our products andservices. Call 0818 200 413 today to speakto one of our Advisers Access and support from over 100 businessadvisers A full financial review with a Bank of IrelandWealth Manager Benefit from a discussion with one of our Treasuryteam who can assist you to understand the foreignexchange risks your business faces from importingand exporting goods and services We’re offering a free one hour consultation* witha participating Accountant from the Association ofCertified Accountants and participating SolicitorsTo find out more, call 0818 200 413. Access to the business advisors service teamwho can assist you with your day to day bankingquestions and service requests. Operates from 9amto 5pm Monday to Friday excluding bank holidaysPhone 0818 200 348Monday to Friday 9am to 5pm(excl. Bank Holidays)* Terms and conditions apply:1Bank of Ireland makes no representation or warranty or undertaking of any kind in relation toany third party supplier service and does not offer any advice or other representation as to theadvisability or otherwise in relation to the use of the third party supplier service.2Bank of Ireland takes no responsibility for any third party supplier service. Use of the third partysupplier service is at the Customer’s sole risk. Any issues or queries concerning the use or otherwiseof third party supplier service should be referred directly to the third party supplier service.3No member of the Bank of Ireland Group accepts any liability for any loss or damage of any nature,including but not limited to loss of profits, goodwill, or any other type of financial or other pecuniaryor direct or special indirect or consequential loss howsoever arising whether in negligence or forbreach of contract or other duty as a result of the: (i) use of the third party supplier of the service;and/or (ii) security of any information given by the Customer (or authorised to be given) to the thirdparty supplier of the service.13
ThinkBusiness.ieProudly supported by Bank of Ireland.ThinkBusiness.ie provides practical, actionableinformation and guidance on starting, growing andrunning a business. It offers guides, tools, templates,check lists and a wealth of other content tailoredto meet the needs of Irish business owners andmanagers. It also showcases case studies, with insights,tips and advice from Irish entrepreneurs and businessowners who have succeeded.How to applyStarted a new business in the last 3 years?Why not talk to us today about our businessstartup package?If you are a sole trader you can apply online.Limited companies, partnership’s and all otherbusiness customers can arrange a meeting onlinewith one of our business advisers.bankofireland.com/startup14
Lending criteria, terms and conditions apply.Bank of Ireland is regulated by the Central Bank of Ireland.37-1549R.1 (06/22)
Finance to help your business grow 10 Asset Finance 11 Hire Purchase 12 Our support to you 13 ThinkBusiness.ie 14 . A range of business deposit options including instant access to business notice accounts and . or any other type of financial or other pecuniary or direct or special indirect or consequential loss howsoever arising whether .
