Is AIB (Allied Irish Bank) or Unity Trust better for your small business?
Below we look at both AIB (Allied Irish Bank) and Unity Trust 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 Unity Trust Trustpilot Reviews
| AIB (Allied Irish Bank) | Unity Trust | |
| Trustpilot Review Score (out of 5) | 2.8 | 4 |
| Percent 5-Star Reviews | 20% | 61% |
| Percent 1- Star Reviews | 70% | 14% |
| Total Number of Reviews | 10 | 255 |
https://www.trustpilot.com/review/aibgb.co.uk
https://www.trustpilot.com/review/unity.co.uk
AIB (Allied Irish Bank) vs Unity Trust App Reviews
| AIB (Allied Irish Bank) | Unity Trust | |
| 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 Unity Trust Account Fees & Charges
| AIB (Allied Irish Bank) | Unity Trust | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | £10 | £6 |
| Most Expensive Monthly Account Fee | £10 | £6 |
| Electronic Payment Cost (in/out) | 35p | 14p |
| Cash Payments Cost (in/out) | 65p per £100 | 50p per £100 |
| Cheques (in/out) | 70p | 30p per item |
| CHAPS Payments Cost | £25 | £28 |
| SEPA Payments Cost | £20 | 25p |
AIB (Allied Irish Bank) vs Unity Trust Business Savings Rates
| AIB (Allied Irish Bank) | Unity Trust | |
| Types of Business Savings Accounts | Demand deposit account, Business fixed term deposit account, Currency deposit account | Instant Access, Fixed Term |
| Lowest Savings Rate (AER) | 0.25% | 2.77% |
| Maximum Savings Rate (AER) | 3.02% | 5.10% |
| Minimum Savings Amount | £1 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
AIB (Allied Irish Bank) vs Unity Trust Account Opening Times
| AIB (Allied Irish Bank) | Unity Trust | |
| 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 Unity Trust Features & Account Types
| AIB (Allied Irish Bank) | Unity Trust | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| 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 | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Belfast, London and Dublin | No own branches but can use NatWest, RBS or Ulster Bank locations |
AIB (Allied Irish Bank) vs Unity Trust Customer Support Options
| AIB (Allied Irish Bank) | Unity Trust | |
| 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 Unity Trust Foreign Currency Accounts
| AIB (Allied Irish Bank) | Unity Trust | |
| 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 Unity Trust
| AIB (Allied Irish Bank) | Unity Trust | |
| 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 Unity Trust Banking Basics
| AIB (Allied Irish Bank) | Unity Trust | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204793 | 204570 |
| Website | AIB (Allied Irish Bank) Website | Unity Trust Website |
Common Comparison Questions
Does AIB (Allied Irish Bank) or Unity Trust 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, Unity Trust scores 4 out of 5 based 255 Trustpilot reviews. Of which 61% are 5-star and 14% are 1-star.
Does AIB (Allied Irish Bank) or Unity Trust 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, Unity Trust’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 Unity Trust 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, Unity Trust offers Instant Access, Fixed Term accounts with interest rates ranging from 2.77% to 5.10% (AER).
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For other business bank accounts see our guide here.