Is Cynergy Bank or AIB (Allied Irish Bank) better for your small business?
Below we look at both Cynergy 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.
Cynergy Bank vs AIB (Allied Irish Bank) Trustpilot Reviews
| Cynergy Bank | AIB (Allied Irish Bank) | |
| Trustpilot Review Score (out of 5) | 4 | 2.8 |
| Percent 5-Star Reviews | 58% | 20% |
| Percent 1- Star Reviews | 27% | 70% |
| Total Number of Reviews | 2,235 | 10 |
https://www.trustpilot.com/review/cynergybank.co.uk
https://www.trustpilot.com/review/aibgb.co.uk
Cynergy Bank vs AIB (Allied Irish Bank) App Reviews
| Cynergy Bank | AIB (Allied Irish Bank) | |
| iPhone Review Score (out of 5) | 1.5 | 1.7 |
| Number of iPhone Reviews | 350 | 227 |
| Android Review Score (out of 5) | 1.7 | 1.9 |
| Number of Android Reviews | 449 | 21,400 |
https://apps.apple.com/gb/app/cynergy-bank-authenticator/id1497728953
https://apps.apple.com/gb/app/aib-mobile/id468042881
Cynergy Bank vs AIB (Allied Irish Bank) Account Fees & Charges
| Cynergy Bank | AIB (Allied Irish Bank) | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £25 | £10 |
| Most Expensive Monthly Account Fee | £25 | £10 |
| Electronic Payment Cost (in/out) | 35p | 35p |
| Cash Payments Cost (in/out) | 65p per £100 | 65p per £100 |
| Cheques (in/out) | 30p / 78p | 70p |
| CHAPS Payments Cost | £25 | £25 |
| SEPA Payments Cost | £6 | £20 |
Cynergy Bank vs AIB (Allied Irish Bank) Business Savings Rates
| Cynergy Bank | AIB (Allied Irish Bank) | |
| Types of Business Savings Accounts | Business Saver | Demand deposit account, Business fixed term deposit account, Currency deposit account |
| Lowest Savings Rate (AER) | 4.00% | 0.25% |
| Maximum Savings Rate (AER) | 4.00% | 3.02% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Cynergy Bank vs AIB (Allied Irish Bank) Account Opening Times
| Cynergy Bank | AIB (Allied Irish Bank) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 15 minutes | 15 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Cynergy Bank vs AIB (Allied Irish Bank) Features & Account Types
| Cynergy 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 | No | 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 | London, Redhill, Birmingham, Manchester and Glasgow | Belfast, London and Dublin |
Cynergy Bank vs AIB (Allied Irish Bank) Customer Support Options
| Cynergy 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 |
Cynergy Bank vs AIB (Allied Irish Bank) Foreign Currency Accounts
| Cynergy Bank | AIB (Allied Irish Bank) | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Cynergy Bank and AIB (Allied Irish Bank)
| Cynergy Bank | AIB (Allied Irish Bank) | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | Yes |
| Free Accounting Software | No | No |
Cynergy Bank vs AIB (Allied Irish Bank) Banking Basics
| Cynergy Bank | AIB (Allied Irish Bank) | |
| Bank Type | Challenger | High Street |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 575105 | 204793 |
| Website | Cynergy Bank Website | AIB (Allied Irish Bank) Website |
Common Comparison Questions
Does Cynergy Bank or AIB (Allied Irish Bank) have better customer reviews?
Cynergy Bank scores 4 out of 5 based 2,235 Trustpilot reviews. Of these reviews 58% are 5-star and 27% 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 Cynergy Bank or AIB (Allied Irish Bank) have a better App?
Cynergy Bank’s iPhone App is rated 1.5 out of 5 based on 350 reviews. And it’s Android App is rated 1.7 out of 5 based on 449 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 Cynergy Bank or AIB (Allied Irish Bank) have better business savings rates?
Cynergy Bank offers the following types of business savings accounts: Business Saver with interest rates ranging from 4.00% to 4.00%. (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).
See Other Comparisons:Cynergy Bank vs Unity Trust
Cynergy Bank vs United Trust Bank
Cynergy Bank vs HSBC Kinetic
Cynergy Bank vs CardOneMoney
Cynergy Bank vs Fair Everywhere
For other business bank accounts see our guide here.