Is Ulster Bank or AIB (Allied Irish Bank) better for your small business?
Below we look at both Ulster 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.
Ulster Bank vs AIB (Allied Irish Bank) Trustpilot Reviews
| Ulster Bank | AIB (Allied Irish Bank) | |
| Trustpilot Review Score (out of 5) | 1.5 | 2.8 |
| Percent 5-Star Reviews | 8% | 20% |
| Percent 1- Star Reviews | 86% | 70% |
| Total Number of Reviews | 114 | 10 |
https://www.trustpilot.com/review/www.ulsterbank.co.uk
https://www.trustpilot.com/review/aibgb.co.uk
Ulster Bank vs AIB (Allied Irish Bank) App Reviews
| Ulster Bank | AIB (Allied Irish Bank) | |
| iPhone Review Score (out of 5) | 4.8 | 1.7 |
| Number of iPhone Reviews | 15,700 | 227 |
| Android Review Score (out of 5) | 4.1 | 1.9 |
| Number of Android Reviews | 15,000 | 21,400 |
https://apps.apple.com/gb/app/ulster-bank-ni-mobile-banking/id469523324
https://apps.apple.com/gb/app/aib-mobile/id468042881
Ulster Bank vs AIB (Allied Irish Bank) Account Fees & Charges
| Ulster Bank | AIB (Allied Irish Bank) | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 24 Months | NA |
| Cheapest Monthly Account Fee | £8 | £10 |
| Most Expensive Monthly Account Fee | £12 | £10 |
| Electronic Payment Cost (in/out) | 43p | 35p |
| Cash Payments Cost (in/out) | 70p per £100 | 65p per £100 |
| Cheques (in/out) | 40p | 70p |
| CHAPS Payments Cost | £18.75 | £25 |
| SEPA Payments Cost | €0.51 | £20 |
Ulster Bank vs AIB (Allied Irish Bank) Business Savings Rates
| Ulster Bank | AIB (Allied Irish Bank) | |
| Types of Business Savings Accounts | Instant access accounts, Fixed term accounts, Currency savings accounts | Demand deposit account, Business fixed term deposit account, Currency deposit account |
| Lowest Savings Rate (AER) | 1.46% | 0.25% |
| Maximum Savings Rate (AER) | 1.92% | 3.02% |
| Minimum Savings Amount | No | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Ulster Bank vs AIB (Allied Irish Bank) Account Opening Times
| Ulster Bank | AIB (Allied Irish Bank) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 24 working hours | 15 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Ulster Bank vs AIB (Allied Irish Bank) Features & Account Types
| Ulster 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 | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Northern Ireland Only | Belfast, London and Dublin |
Ulster Bank vs AIB (Allied Irish Bank) Customer Support Options
| Ulster 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 |
Ulster Bank vs AIB (Allied Irish Bank) Foreign Currency Accounts
| Ulster Bank | AIB (Allied Irish Bank) | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
|
Other Business Services From Ulster Bank and AIB (Allied Irish Bank)
| Ulster Bank | AIB (Allied Irish Bank) | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | Yes |
| Free Accounting Software | Yes | No |
Ulster Bank vs AIB (Allied Irish Bank) Banking Basics
| Ulster 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 | NA | 204793 |
| Website | Ulster Bank Website | AIB (Allied Irish Bank) Website |
Common Comparison Questions
Does Ulster Bank or AIB (Allied Irish Bank) have better customer reviews?
Ulster Bank scores 1.5 out of 5 based 114 Trustpilot reviews. Of these reviews 8% are 5-star and 86% 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 Ulster Bank or AIB (Allied Irish Bank) have a better App?
Ulster Bank’s iPhone App is rated 4.8 out of 5 based on 15,700 reviews. And it’s Android App is rated 4.1 out of 5 based on 15,000 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 Ulster Bank or AIB (Allied Irish Bank) have better business savings rates?
Ulster Bank offers the following types of business savings accounts: Instant access accounts, Fixed term accounts, Currency savings accounts with interest rates ranging from 1.46% to 1.92%. (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:Ulster Bank vs Unity Trust
Ulster Bank vs United Trust Bank
Ulster Bank vs HSBC Kinetic
Ulster Bank vs CardOneMoney
Ulster Bank vs Fair Everywhere
For other business bank accounts see our guide here.