Is AIB (Allied Irish Bank) or Reliance Bank better for your small business?
Below we look at both AIB (Allied Irish Bank) and Reliance 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 Reliance Bank Trustpilot Reviews
| AIB (Allied Irish Bank) | Reliance Bank | |
| Trustpilot Review Score (out of 5) | 2.8 | 3.4 |
| Percent 5-Star Reviews | 20% | 25% |
| Percent 1- Star Reviews | 70% | 25% |
| Total Number of Reviews | 10 | 4 |
https://www.trustpilot.com/review/aibgb.co.uk
https://www.trustpilot.com/review/www.reliancebankltd.com
AIB (Allied Irish Bank) vs Reliance Bank App Reviews
| AIB (Allied Irish Bank) | Reliance Bank | |
| iPhone Review Score (out of 5) | 1.7 | 4.7 |
| Number of iPhone Reviews | 227 | 451 |
| Android Review Score (out of 5) | 1.9 | 4 |
| Number of Android Reviews | 21,400 | 144 |
https://apps.apple.com/gb/app/aib-mobile/id468042881
https://apps.apple.com/us/app/reliance-bank-mobile-banking/id1050676219
AIB (Allied Irish Bank) vs Reliance Bank Account Fees & Charges
| AIB (Allied Irish Bank) | Reliance Bank | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | £10 | £7.50 |
| Most Expensive Monthly Account Fee | £10 | £7.50 |
| Electronic Payment Cost (in/out) | 35p | 25p |
| Cash Payments Cost (in/out) | 65p per £100 | 30p / 25p per £100 |
| Cheques (in/out) | 70p | 30p / 25p |
| CHAPS Payments Cost | £25 | £15 |
| SEPA Payments Cost | £20 | 25p |
AIB (Allied Irish Bank) vs Reliance Bank Business Savings Rates
| AIB (Allied Irish Bank) | Reliance Bank | |
| 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% | 2.15% |
| Maximum Savings Rate (AER) | 3.02% | 4.40% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
AIB (Allied Irish Bank) vs Reliance Bank Account Opening Times
| AIB (Allied Irish Bank) | Reliance Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 15 minutes | 7 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
AIB (Allied Irish Bank) vs Reliance Bank Features & Account Types
| AIB (Allied Irish Bank) | Reliance Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | No |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Visa | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Belfast, London and Dublin | London |
AIB (Allied Irish Bank) vs Reliance Bank Customer Support Options
| AIB (Allied Irish Bank) | Reliance Bank | |
| 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 Reliance Bank Foreign Currency Accounts
| AIB (Allied Irish Bank) | Reliance Bank | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
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Other Business Services From AIB (Allied Irish Bank) and Reliance Bank
| AIB (Allied Irish Bank) | Reliance Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | No | No |
AIB (Allied Irish Bank) vs Reliance Bank Banking Basics
| AIB (Allied Irish Bank) | Reliance Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204793 | 204537 |
| Website | AIB (Allied Irish Bank) Website | Reliance Bank Website |
Common Comparison Questions
Does AIB (Allied Irish Bank) or Reliance 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, Reliance Bank scores 3.4 out of 5 based 4 Trustpilot reviews. Of which 25% are 5-star and 25% are 1-star.
Does AIB (Allied Irish Bank) or Reliance 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, Reliance Bank’s iPhone App is rated 4.7 out of 5 based on 451 reviews. And it’s Android App is rated 4 out of 5 based on 144 reviews.
Does AIB (Allied Irish Bank) or Reliance 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, Reliance Bank offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from 2.15% to 4.40% (AER).
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For other business bank accounts see our guide here.