Is AIB (Allied Irish Bank) or Cumberland Building Society better for your small business?
Below we look at both AIB (Allied Irish Bank) and Cumberland Building Society reviews on Trustpilot along with their App reviews from Apple and Google.
We then look at typical fees, business savings rates, foreign currency options and a whole bunch of other account features to help you make up your mind.
AIB (Allied Irish Bank) vs Cumberland Building Society Trustpilot Reviews
| AIB (Allied Irish Bank) | Cumberland Building Society | |
| Trustpilot Review Score (out of 5) | 2.8 | 2.5 |
| Percent 5-Star Reviews | 20% | 22% |
| Percent 1- Star Reviews | 70% | 69% |
| Total Number of Reviews | 10 | 41 |
https://www.trustpilot.com/review/aibgb.co.uk
https://www.trustpilot.com/review/cumberlandbuildingsociety.co.uk
AIB (Allied Irish Bank) vs Cumberland Building Society App Reviews
| AIB (Allied Irish Bank) | Cumberland Building Society | |
| iPhone Review Score (out of 5) | 1.7 | 4.7 |
| Number of iPhone Reviews | 227 | 644 |
| Android Review Score (out of 5) | 1.9 | 4.8 |
| Number of Android Reviews | 21,400 | 415 |
https://apps.apple.com/gb/app/aib-mobile/id468042881
https://apps.apple.com/gb/app/cumberland-mobile-banking/id715482935
AIB (Allied Irish Bank) vs Cumberland Building Society Account Fees & Charges
| AIB (Allied Irish Bank) | Cumberland Building Society | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | 12 Months |
| Cheapest Monthly Account Fee | £10 | Free |
| Most Expensive Monthly Account Fee | £10 | £5 |
| Electronic Payment Cost (in/out) | 35p | 35p |
| Cash Payments Cost (in/out) | 65p per £100 | 40p per £100 |
| Cheques (in/out) | 70p | £1 |
| CHAPS Payments Cost | £25 | £25 |
| SEPA Payments Cost | £20 | No |
AIB (Allied Irish Bank) vs Cumberland Building Society Business Savings Rates
| AIB (Allied Irish Bank) | Cumberland Building Society | |
| Types of Business Savings Accounts | Demand deposit account, Business fixed term deposit account, Currency deposit account | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 0.25% | 3.05% |
| Maximum Savings Rate (AER) | 3.02% | 4.20% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | No |
AIB (Allied Irish Bank) vs Cumberland Building Society Account Opening Times
| AIB (Allied Irish Bank) | Cumberland Building Society | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 15 minutes | 5 to 10 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
AIB (Allied Irish Bank) vs Cumberland Building Society Features & Account Types
| AIB (Allied Irish Bank) | Cumberland Building Society | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Visa | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Belfast, London and Dublin | Locations in North East England only |
AIB (Allied Irish Bank) vs Cumberland Building Society Customer Support Options
| AIB (Allied Irish Bank) | Cumberland Building Society | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | Yes |
AIB (Allied Irish Bank) vs Cumberland Building Society Foreign Currency Accounts
| AIB (Allied Irish Bank) | Cumberland Building Society | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
| No |
Other Business Services From AIB (Allied Irish Bank) and Cumberland Building Society
| AIB (Allied Irish Bank) | Cumberland Building Society | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | No | Yes |
AIB (Allied Irish Bank) vs Cumberland Building Society Banking Basics
| AIB (Allied Irish Bank) | Cumberland Building Society | |
| Bank Type | High Street | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204793 | 106074 |
| Website | AIB (Allied Irish Bank) Website | Cumberland Building Society Website |
Common Comparison Questions
Does AIB (Allied Irish Bank) or Cumberland Building Society have better customer reviews?
AIB (Allied Irish Bank) scores 2.8 out of 5 based 10 Trustpilot reviews. Of these reviews 20% are 5-star and 70% are 1-star.
Whereas, Cumberland Building Society scores 2.5 out of 5 based 41 Trustpilot reviews. Of which 22% are 5-star and 69% are 1-star.
Does AIB (Allied Irish Bank) or Cumberland Building Society have a better App?
AIB (Allied Irish Bank)’s iPhone App is rated 1.7 out of 5 based on 227 reviews. And it’s Android App is rated 1.9 out of 5 based on 21,400 reviews.
In comparison, Cumberland Building Society’s iPhone App is rated 4.7 out of 5 based on 644 reviews. And it’s Android App is rated 4.8 out of 5 based on 415 reviews.
Does AIB (Allied Irish Bank) or Cumberland Building Society have better business savings rates?
AIB (Allied Irish Bank) offers the following types of business savings accounts: Demand deposit account, Business fixed term deposit account, Currency deposit account with interest rates ranging from 0.25% to 3.02%. (AER)
In contrast, Cumberland Building Society offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from 3.05% to 4.20% (AER).
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For other business bank accounts see our guide here.