Is AIB (Allied Irish Bank) or Recognise Bank better for your small business?
Below we look at both AIB (Allied Irish Bank) and Recognise Bank 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 Recognise Bank Trustpilot Reviews
| AIB (Allied Irish Bank) | Recognise Bank | |
| Trustpilot Review Score (out of 5) | 2.8 | 4.6 |
| Percent 5-Star Reviews | 20% | 77% |
| Percent 1- Star Reviews | 70% | 5% |
| Total Number of Reviews | 10 | 539 |
https://www.trustpilot.com/review/aibgb.co.uk
https://www.trustpilot.com/review/recognisebank.co.uk
AIB (Allied Irish Bank) vs Recognise Bank App Reviews
| AIB (Allied Irish Bank) | Recognise Bank | |
| iPhone Review Score (out of 5) | 1.7 | No Rating |
| Number of iPhone Reviews | 227 | No Reviews |
| Android Review Score (out of 5) | 1.9 | No Rating |
| Number of Android Reviews | 21,400 | No Reviews |
https://apps.apple.com/gb/app/aib-mobile/id468042881
https://www.apple.com/uk/app-store/
AIB (Allied Irish Bank) vs Recognise Bank Account Fees & Charges
| AIB (Allied Irish Bank) | Recognise Bank | |
| 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 | Free |
| Cash Payments Cost (in/out) | 65p per £100 | Free |
| Cheques (in/out) | 70p | Free |
| CHAPS Payments Cost | £25 | £15 |
| SEPA Payments Cost | £20 | 25p |
AIB (Allied Irish Bank) vs Recognise Bank Business Savings Rates
| AIB (Allied Irish Bank) | Recognise Bank | |
| Types of Business Savings Accounts | Demand deposit account, Business fixed term deposit account, Currency deposit account | Notice account, Fixed Rate, Instant access |
| Lowest Savings Rate (AER) | 0.25% | 3.15% |
| Maximum Savings Rate (AER) | 3.02% | 4.50% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
AIB (Allied Irish Bank) vs Recognise Bank Account Opening Times
| AIB (Allied Irish Bank) | Recognise Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 15 minutes | Few minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
AIB (Allied Irish Bank) vs Recognise Bank Features & Account Types
| AIB (Allied Irish Bank) | Recognise Bank | |
| Business Current Account | Yes | No |
| Business Savings Account | Yes | Yes |
| 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 | Yes |
| Card Type | Visa | None |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Belfast, London and Dublin | None, online and phone only |
AIB (Allied Irish Bank) vs Recognise Bank Customer Support Options
| AIB (Allied Irish Bank) | Recognise Bank | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
AIB (Allied Irish Bank) vs Recognise Bank Foreign Currency Accounts
| AIB (Allied Irish Bank) | Recognise Bank | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
|
Other Business Services From AIB (Allied Irish Bank) and Recognise Bank
| AIB (Allied Irish Bank) | Recognise Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | No |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | No | No |
AIB (Allied Irish Bank) vs Recognise Bank Banking Basics
| AIB (Allied Irish Bank) | Recognise Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204793 | 849404 |
| Website | AIB (Allied Irish Bank) Website | Recognise Bank Website |
Common Comparison Questions
Does AIB (Allied Irish Bank) or Recognise Bank 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, Recognise Bank scores 4.6 out of 5 based 539 Trustpilot reviews. Of which 77% are 5-star and 5% are 1-star.
Does AIB (Allied Irish Bank) or Recognise Bank 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, Recognise Bank’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.
Does AIB (Allied Irish Bank) or Recognise Bank 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, Recognise Bank offers Notice account, Fixed Rate, Instant access accounts with interest rates ranging from 3.15% to 4.50% (AER).
See Other Comparisons:AIB (Allied Irish Bank) vs Dudley Building Society
AIB (Allied Irish Bank) vs MyPOS
AIB (Allied Irish Bank) vs Ampere
Unity Trust vs United Trust Bank
Unity Trust vs HSBC Kinetic
For other business bank accounts see our guide here.