Is AIB (Allied Irish Bank) or MyPOS better for your small business?
Below we look at both AIB (Allied Irish Bank) and MyPOS 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 MyPOS Trustpilot Reviews
| AIB (Allied Irish Bank) | MyPOS | |
| Trustpilot Review Score (out of 5) | 2.8 | 4.2 |
| Percent 5-Star Reviews | 20% | 67% |
| Percent 1- Star Reviews | 70% | 11% |
| Total Number of Reviews | 10 | 10,019 |
https://www.trustpilot.com/review/aibgb.co.uk
https://www.trustpilot.com/review/mypos.com
AIB (Allied Irish Bank) vs MyPOS App Reviews
| AIB (Allied Irish Bank) | MyPOS | |
| iPhone Review Score (out of 5) | 1.7 | 4.2 |
| Number of iPhone Reviews | 227 | 698 |
| Android Review Score (out of 5) | 1.9 | 3.3 |
| Number of Android Reviews | 21,400 | 14,900 |
https://apps.apple.com/gb/app/aib-mobile/id468042881
https://apps.apple.com/gb/app/mypos-accept-all-payments/id934401253
AIB (Allied Irish Bank) vs MyPOS Account Fees & Charges
| AIB (Allied Irish Bank) | MyPOS | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | No Limit |
| Cheapest Monthly Account Fee | £10 | No |
| Most Expensive Monthly Account Fee | £10 | No |
| Electronic Payment Cost (in/out) | 35p | £1.50 |
| Cash Payments Cost (in/out) | 65p per £100 | £2 |
| Cheques (in/out) | 70p | Unknown |
| CHAPS Payments Cost | £25 | No |
| SEPA Payments Cost | £20 | £3 |
AIB (Allied Irish Bank) vs MyPOS Business Savings Rates
| AIB (Allied Irish Bank) | MyPOS | |
| Types of Business Savings Accounts | Demand deposit account, Business fixed term deposit account, Currency deposit account | None |
| Lowest Savings Rate (AER) | 0.25% | NA |
| Maximum Savings Rate (AER) | 3.02% | NA |
| Minimum Savings Amount | £1 | NA |
| Interest Paid On Foreign Currencies | Yes | No |
AIB (Allied Irish Bank) vs MyPOS Account Opening Times
| AIB (Allied Irish Bank) | MyPOS | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 15 minutes | Few minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | No |
AIB (Allied Irish Bank) vs MyPOS Features & Account Types
| AIB (Allied Irish Bank) | MyPOS | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Visa | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Belfast, London and Dublin | None, online only |
AIB (Allied Irish Bank) vs MyPOS Customer Support Options
| AIB (Allied Irish Bank) | MyPOS | |
| 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 | No |
AIB (Allied Irish Bank) vs MyPOS Foreign Currency Accounts
| AIB (Allied Irish Bank) | MyPOS | |
| 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 MyPOS
| AIB (Allied Irish Bank) | MyPOS | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | Yes |
| Free Accounting Software | No | Yes |
AIB (Allied Irish Bank) vs MyPOS Banking Basics
| AIB (Allied Irish Bank) | MyPOS | |
| Bank Type | High Street | Other |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 204793 | 900826 |
| Website | AIB (Allied Irish Bank) Website | MyPOS Website |
Common Comparison Questions
Does AIB (Allied Irish Bank) or MyPOS 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, MyPOS scores 4.2 out of 5 based 10,019 Trustpilot reviews. Of which 67% are 5-star and 11% are 1-star.
Does AIB (Allied Irish Bank) or MyPOS 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, MyPOS’s iPhone App is rated 4.2 out of 5 based on 698 reviews. And it’s Android App is rated 3.3 out of 5 based on 14,900 reviews.
Does AIB (Allied Irish Bank) or MyPOS 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, MyPOS offers None accounts with interest rates ranging from NA to NA (AER).
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For other business bank accounts see our guide here.