Is Bank of Scotland or AIB (Allied Irish Bank) better for your small business?
Below we look at both Bank of Scotland and AIB (Allied Irish 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.
Bank of Scotland vs AIB (Allied Irish Bank) Trustpilot Reviews
| Bank of Scotland | AIB (Allied Irish Bank) | |
| Trustpilot Review Score (out of 5) | 1.6 | 2.8 |
| Percent 5-Star Reviews | 12% | 20% |
| Percent 1- Star Reviews | 80% | 70% |
| Total Number of Reviews | 649 | 10 |
https://www.trustpilot.com/review/www.bankofscotland.co.uk
https://www.trustpilot.com/review/aibgb.co.uk
Bank of Scotland vs AIB (Allied Irish Bank) App Reviews
| Bank of Scotland | AIB (Allied Irish Bank) | |
| iPhone Review Score (out of 5) | 4.8 | 1.7 |
| Number of iPhone Reviews | 269,400 | 227 |
| Android Review Score (out of 5) | 4.5 | 1.9 |
| Number of Android Reviews | 44,100 | 21,400 |
https://apps.apple.com/gb/app/bank-of-scotland-mobile-bank/id485728109
https://apps.apple.com/gb/app/aib-mobile/id468042881
Bank of Scotland vs AIB (Allied Irish Bank) Account Fees & Charges
| Bank of Scotland | AIB (Allied Irish Bank) | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £8.50 | £10 |
| Most Expensive Monthly Account Fee | £8.50 | £10 |
| Electronic Payment Cost (in/out) | Free / 20p | 35p |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | 65p per £100 |
| Cheques (in/out) | 85p per cheque | 70p |
| CHAPS Payments Cost | £30 | £25 |
| SEPA Payments Cost | £5 | £20 |
Bank of Scotland vs AIB (Allied Irish Bank) Business Savings Rates
| Bank of Scotland | AIB (Allied Irish Bank) | |
| Types of Business Savings Accounts | Fixed Term Deposit, Notice Accounts, Instant Access Account | Demand deposit account, Business fixed term deposit account, Currency deposit account |
| Lowest Savings Rate (AER) | 1.31% | 0.25% |
| Maximum Savings Rate (AER) | 4.37% | 3.02% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Bank of Scotland vs AIB (Allied Irish Bank) Account Opening Times
| Bank of Scotland | AIB (Allied Irish Bank) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 15 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Bank of Scotland vs AIB (Allied Irish Bank) Features & Account Types
| Bank of Scotland | AIB (Allied Irish Bank) | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| 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 | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Scotland only | Belfast, London and Dublin |
Bank of Scotland vs AIB (Allied Irish Bank) Customer Support Options
| Bank of Scotland | AIB (Allied Irish 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 |
Bank of Scotland vs AIB (Allied Irish Bank) Foreign Currency Accounts
| Bank of Scotland | AIB (Allied Irish 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 Bank of Scotland and AIB (Allied Irish Bank)
| Bank of Scotland | AIB (Allied Irish Bank) | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | Yes |
| Free Accounting Software | Yes | No |
Bank of Scotland vs AIB (Allied Irish Bank) Banking Basics
| Bank of Scotland | AIB (Allied Irish Bank) | |
| Bank Type | High Street | High Street |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 169628 | 204793 |
| Website | Bank of Scotland Website | AIB (Allied Irish Bank) Website |
Common Comparison Questions
Does Bank of Scotland or AIB (Allied Irish Bank) have better customer reviews?
Bank of Scotland scores 1.6 out of 5 based 649 Trustpilot reviews. Of these reviews 12% are 5-star and 80% are 1-star.
Whereas, AIB (Allied Irish Bank) scores 2.8 out of 5 based 10 Trustpilot reviews. Of which 20% are 5-star and 70% are 1-star.
Does Bank of Scotland or AIB (Allied Irish Bank) have a better App?
Bank of Scotland’s iPhone App is rated 4.8 out of 5 based on 269,400 reviews. And it’s Android App is rated 4.5 out of 5 based on 44,100 reviews.
In comparison, 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.
Does Bank of Scotland or AIB (Allied Irish Bank) have better business savings rates?
Bank of Scotland offers the following types of business savings accounts: Fixed Term Deposit, Notice Accounts, Instant Access Account with interest rates ranging from 1.31% to 4.37%. (AER)
In contrast, AIB (Allied Irish Bank) offers Demand deposit account, Business fixed term deposit account, Currency deposit account accounts with interest rates ranging from 0.25% to 3.02% (AER).
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For other business bank accounts see our guide here.