Is AIB (Allied Irish Bank) or SumUp Business Account better for your small business?
Below we look at both AIB (Allied Irish Bank) and SumUp Business Account 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 SumUp Business Account Trustpilot Reviews
| AIB (Allied Irish Bank) | SumUp Business Account | |
| Trustpilot Review Score (out of 5) | 2.8 | 4.2 |
| Percent 5-Star Reviews | 20% | 64% |
| Percent 1- Star Reviews | 70% | 22% |
| Total Number of Reviews | 10 | 18,247 |
https://www.trustpilot.com/review/aibgb.co.uk
https://www.trustpilot.com/review/sumup.com
AIB (Allied Irish Bank) vs SumUp Business Account App Reviews
| AIB (Allied Irish Bank) | SumUp Business Account | |
| iPhone Review Score (out of 5) | 1.7 | 4.8 |
| Number of iPhone Reviews | 227 | 12,400 |
| Android Review Score (out of 5) | 1.9 | 4.7 |
| Number of Android Reviews | 21,400 | 84,500 |
https://apps.apple.com/gb/app/aib-mobile/id468042881
https://apps.apple.com/gb/app/sumup/id514879214
AIB (Allied Irish Bank) vs SumUp Business Account Account Fees & Charges
| AIB (Allied Irish Bank) | SumUp Business Account | |
| 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 | No |
| SEPA Payments Cost | £20 | No |
AIB (Allied Irish Bank) vs SumUp Business Account Business Savings Rates
| AIB (Allied Irish Bank) | SumUp Business Account | |
| 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 SumUp Business Account Account Opening Times
| AIB (Allied Irish Bank) | SumUp Business Account | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 15 minutes | 10 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
AIB (Allied Irish Bank) vs SumUp Business Account Features & Account Types
| AIB (Allied Irish Bank) | SumUp Business Account | |
| 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 | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Visa | Mastercard |
| 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 SumUp Business Account Customer Support Options
| AIB (Allied Irish Bank) | SumUp Business Account | |
| 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 SumUp Business Account Foreign Currency Accounts
| AIB (Allied Irish Bank) | SumUp Business Account | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From AIB (Allied Irish Bank) and SumUp Business Account
| AIB (Allied Irish Bank) | SumUp Business Account | |
| 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 | No |
AIB (Allied Irish Bank) vs SumUp Business Account Banking Basics
| AIB (Allied Irish Bank) | SumUp Business Account | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 204793 | 900700 |
| Website | AIB (Allied Irish Bank) Website | SumUp Business Account Website |
Common Comparison Questions
Does AIB (Allied Irish Bank) or SumUp Business Account 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, SumUp Business Account scores 4.2 out of 5 based 18,247 Trustpilot reviews. Of which 64% are 5-star and 22% are 1-star.
Does AIB (Allied Irish Bank) or SumUp Business Account 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, SumUp Business Account’s iPhone App is rated 4.8 out of 5 based on 12,400 reviews. And it’s Android App is rated 4.7 out of 5 based on 84,500 reviews.
Does AIB (Allied Irish Bank) or SumUp Business Account 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, SumUp Business Account 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.