Is Monese or AIB (Allied Irish Bank) better for your small business?
Below we look at both Monese 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.
Monese vs AIB (Allied Irish Bank) Trustpilot Reviews
| Monese | AIB (Allied Irish Bank) | |
| Trustpilot Review Score (out of 5) | 4.3 | 2.8 |
| Percent 5-Star Reviews | 68% | 20% |
| Percent 1- Star Reviews | 17% | 70% |
| Total Number of Reviews | 40,330 | 10 |
https://www.trustpilot.com/review/www.monese.com
https://www.trustpilot.com/review/aibgb.co.uk
Monese vs AIB (Allied Irish Bank) App Reviews
| Monese | AIB (Allied Irish Bank) | |
| iPhone Review Score (out of 5) | 4.8 | 1.7 |
| Number of iPhone Reviews | 68,100 | 227 |
| Android Review Score (out of 5) | 4.5 | 1.9 |
| Number of Android Reviews | 101,000 | 21,400 |
https://apps.apple.com/gb/app/monese-a-banking-alternative/id1102793407
https://apps.apple.com/gb/app/aib-mobile/id468042881
Monese vs AIB (Allied Irish Bank) Account Fees & Charges
| Monese | AIB (Allied Irish Bank) | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | £5.95 | £10 |
| Most Expensive Monthly Account Fee | £14.95 | £10 |
| Electronic Payment Cost (in/out) | Free | 35p |
| Cash Payments Cost (in/out) | 3.5% / 2% | 65p per £100 |
| Cheques (in/out) | Free | 70p |
| CHAPS Payments Cost | No | £25 |
| SEPA Payments Cost | No | £20 |
Monese vs AIB (Allied Irish Bank) Business Savings Rates
| Monese | AIB (Allied Irish Bank) | |
| Types of Business Savings Accounts | None | Demand deposit account, Business fixed term deposit account, Currency deposit account |
| Lowest Savings Rate (AER) | NA | 0.25% |
| Maximum Savings Rate (AER) | NA | 3.02% |
| Minimum Savings Amount | NA | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Monese vs AIB (Allied Irish Bank) Account Opening Times
| Monese | AIB (Allied Irish Bank) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 day | 15 minutes |
| Do They Check Your Credit? | No | Yes |
| Current Account Switch Service | Yes | Yes |
Monese vs AIB (Allied Irish Bank) Features & Account Types
| Monese | AIB (Allied Irish Bank) | |
| Business Current Account | Yes | Yes |
| Business Savings Account | No | Yes |
| Business Credit Card | No | Yes |
| Business Overdraft | No | 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 | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | No | Yes |
| Branch Locations | None, online only | Belfast, London and Dublin |
Monese vs AIB (Allied Irish Bank) Customer Support Options
| Monese | 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 | No | Yes |
Monese vs AIB (Allied Irish Bank) Foreign Currency Accounts
| Monese | 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 Monese and AIB (Allied Irish Bank)
| Monese | AIB (Allied Irish Bank) | |
| Business Loans | No | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | No | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | Yes |
| Free Accounting Software | No | No |
Monese vs AIB (Allied Irish Bank) Banking Basics
| Monese | AIB (Allied Irish Bank) | |
| Bank Type | Challenger | High Street |
| FSCS Protection | No | Yes, up to £85,000 |
| FCA Number | 900960 | 204793 |
| Website | Monese Website | AIB (Allied Irish Bank) Website |
Common Comparison Questions
Does Monese or AIB (Allied Irish Bank) have better customer reviews?
Monese scores 4.3 out of 5 based 40,330 Trustpilot reviews. Of these reviews 68% are 5-star and 17% 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 Monese or AIB (Allied Irish Bank) have a better App?
Monese’s iPhone App is rated 4.8 out of 5 based on 68,100 reviews. And it’s Android App is rated 4.5 out of 5 based on 101,000 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 Monese or AIB (Allied Irish Bank) have better business savings rates?
Monese offers the following types of business savings accounts: None with interest rates ranging from NA to NA. (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.