Is Co-operative Bank or AIB (Allied Irish Bank) better for your small business?
Below we look at both Co-operative Bank 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.
Co-operative Bank vs AIB (Allied Irish Bank) Trustpilot Reviews
| Co-operative Bank | AIB (Allied Irish Bank) | |
| Trustpilot Review Score (out of 5) | 4.2 | 2.8 |
| Percent 5-Star Reviews | 51% | 20% |
| Percent 1- Star Reviews | 39% | 70% |
| Total Number of Reviews | 7,699 | 10 |
https://www.trustpilot.com/review/co-operativebank.co.uk
https://www.trustpilot.com/review/aibgb.co.uk
Co-operative Bank vs AIB (Allied Irish Bank) App Reviews
| Co-operative Bank | AIB (Allied Irish Bank) | |
| iPhone Review Score (out of 5) | 4.7 | 1.7 |
| Number of iPhone Reviews | 47,800 | 227 |
| Android Review Score (out of 5) | 4.3 | 1.9 |
| Number of Android Reviews | 33,000 | 21,400 |
https://apps.apple.com/gb/app/co-operative-bank/id1439204021
https://apps.apple.com/gb/app/aib-mobile/id468042881
Co-operative Bank vs AIB (Allied Irish Bank) Account Fees & Charges
| Co-operative Bank | AIB (Allied Irish Bank) | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 30 Months | NA |
| Cheapest Monthly Account Fee | Free | £10 |
| Most Expensive Monthly Account Fee | Free | £10 |
| Electronic Payment Cost (in/out) | Free | 35p |
| Cash Payments Cost (in/out) | £1.50 per £100 | 65p per £100 |
| Cheques (in/out) | £1.50 | 70p |
| CHAPS Payments Cost | £25 | £25 |
| SEPA Payments Cost | No | £20 |
Co-operative Bank vs AIB (Allied Irish Bank) Business Savings Rates
| Co-operative Bank | AIB (Allied Irish Bank) | |
| Types of Business Savings Accounts | Instant access, 35+ day, 95+ day | Demand deposit account, Business fixed term deposit account, Currency deposit account |
| Lowest Savings Rate (AER) | 1.63% | 0.25% |
| Maximum Savings Rate (AER) | 2.51% | 3.02% |
| Minimum Savings Amount | No | £1 |
| Interest Paid On Foreign Currencies | No | Yes |
Co-operative Bank vs AIB (Allied Irish Bank) Account Opening Times
| Co-operative Bank | AIB (Allied Irish Bank) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 5 Working days | 15 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Co-operative Bank vs AIB (Allied Irish Bank) Features & Account Types
| Co-operative Bank | 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 | Limited locations accross the UK | Belfast, London and Dublin |
Co-operative Bank vs AIB (Allied Irish Bank) Customer Support Options
| Co-operative Bank | 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 |
Co-operative Bank vs AIB (Allied Irish Bank) Foreign Currency Accounts
| Co-operative Bank | AIB (Allied Irish Bank) | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Co-operative Bank and AIB (Allied Irish Bank)
| Co-operative Bank | 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 | No | Yes |
| Free Accounting Software | Yes | No |
Co-operative Bank vs AIB (Allied Irish Bank) Banking Basics
| Co-operative Bank | AIB (Allied Irish Bank) | |
| Bank Type | High Street | High Street |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 990937 | 204793 |
| Website | Co-operative Bank Website | AIB (Allied Irish Bank) Website |
Common Comparison Questions
Does Co-operative Bank or AIB (Allied Irish Bank) have better customer reviews?
Co-operative Bank scores 4.2 out of 5 based 7,699 Trustpilot reviews. Of these reviews 51% are 5-star and 39% 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 Co-operative Bank or AIB (Allied Irish Bank) have a better App?
Co-operative Bank’s iPhone App is rated 4.7 out of 5 based on 47,800 reviews. And it’s Android App is rated 4.3 out of 5 based on 33,000 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 Co-operative Bank or AIB (Allied Irish Bank) have better business savings rates?
Co-operative Bank offers the following types of business savings accounts: Instant access, 35+ day, 95+ day with interest rates ranging from 1.63% to 2.51%. (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.