Is RBS (Royal Bank of Scotland) or AIB (Allied Irish Bank) better for your small business?
Below we look at both RBS (Royal 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.
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RBS (Royal Bank of Scotland) vs AIB (Allied Irish Bank) Trustpilot Reviews
| RBS (Royal Bank of Scotland) | AIB (Allied Irish Bank) | |
| Trustpilot Review Score (out of 5) | 1.3 | 2.8 |
| Percent 5-Star Reviews | 7% | 20% |
| Percent 1- Star Reviews | 89% | 70% |
| Total Number of Reviews | 838 | 10 |
https://www.trustpilot.com/review/www.rbs.co.uk
https://www.trustpilot.com/review/aibgb.co.uk
RBS (Royal Bank of Scotland) vs AIB (Allied Irish Bank) App Reviews
| RBS (Royal Bank of Scotland) | AIB (Allied Irish Bank) | |
| iPhone Review Score (out of 5) | 4.8 | 1.7 |
| Number of iPhone Reviews | 106,900 | 227 |
| Android Review Score (out of 5) | 4.3 | 1.9 |
| Number of Android Reviews | 81,700 | 21,400 |
https://apps.apple.com/gb/app/royal-bank-of-scotland/id334852412
https://apps.apple.com/gb/app/aib-mobile/id468042881
RBS (Royal Bank of Scotland) vs AIB (Allied Irish Bank) Account Fees & Charges
| RBS (Royal Bank of Scotland) | AIB (Allied Irish Bank) | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 24 Months | NA |
| Cheapest Monthly Account Fee | Free | £10 |
| Most Expensive Monthly Account Fee | Free | £10 |
| Electronic Payment Cost (in/out) | 35p | 35p |
| Cash Payments Cost (in/out) | 70p per £100 | 65p per £100 |
| Cheques (in/out) | 70p per item | 70p |
| CHAPS Payments Cost | £20 | £25 |
| SEPA Payments Cost | 45p | £20 |
RBS (Royal Bank of Scotland) vs AIB (Allied Irish Bank) Business Savings Rates
| RBS (Royal Bank of Scotland) | AIB (Allied Irish Bank) | |
| Types of Business Savings Accounts | Business reserve, Liquidity manager notice, Treasury reserve, Client deposit manager, Client account manager | Demand deposit account, Business fixed term deposit account, Currency deposit account |
| Lowest Savings Rate (AER) | 1.46% | 0.25% |
| Maximum Savings Rate (AER) | 4.25% | 3.02% |
| Minimum Savings Amount | No | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
RBS (Royal Bank of Scotland) vs AIB (Allied Irish Bank) Account Opening Times
| RBS (Royal Bank of Scotland) | AIB (Allied Irish Bank) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 5 to 7 Working days | 15 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
RBS (Royal Bank of Scotland) vs AIB (Allied Irish Bank) Features & Account Types
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| RBS (Royal 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 | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | UK-wide including the ability to use some Natwest locations | Belfast, London and Dublin |
RBS (Royal Bank of Scotland) vs AIB (Allied Irish Bank) Customer Support Options
| RBS (Royal 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 |
RBS (Royal Bank of Scotland) vs AIB (Allied Irish Bank) Foreign Currency Accounts
| RBS (Royal 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 RBS (Royal Bank of Scotland) and AIB (Allied Irish Bank)
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| RBS (Royal 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 |
RBS (Royal Bank of Scotland) vs AIB (Allied Irish Bank) Banking Basics
| RBS (Royal 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 | 114724 | 204793 |
| Website | RBS (Royal Bank of Scotland) Website | AIB (Allied Irish Bank) Website |
Common Comparison Questions
Does RBS (Royal Bank of Scotland) or AIB (Allied Irish Bank) have better customer reviews?
RBS (Royal Bank of Scotland) scores 1.3 out of 5 based 838 Trustpilot reviews. Of these reviews 7% are 5-star and 89% 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 RBS (Royal Bank of Scotland) or AIB (Allied Irish Bank) have a better App?
RBS (Royal Bank of Scotland)’s iPhone App is rated 4.8 out of 5 based on 106,900 reviews. And it’s Android App is rated 4.3 out of 5 based on 81,700 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 RBS (Royal Bank of Scotland) or AIB (Allied Irish Bank) have better business savings rates?
RBS (Royal Bank of Scotland) offers the following types of business savings accounts: Business reserve, Liquidity manager notice, Treasury reserve, Client deposit manager, Client account manager with interest rates ranging from 1.46% to 4.25%. (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.