Is Virgin Money or AIB (Allied Irish Bank) better for your small business?
Below we look at both Virgin Money 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.
Virgin Money vs AIB (Allied Irish Bank) Trustpilot Reviews
| Virgin Money | AIB (Allied Irish Bank) | |
| Trustpilot Review Score (out of 5) | 1.4 | 2.8 |
| Percent 5-Star Reviews | 5% | 20% |
| Percent 1- Star Reviews | 89% | 70% |
| Total Number of Reviews | 6,799 | 10 |
https://www.trustpilot.com/review/uk.virginmoney.com
https://www.trustpilot.com/review/aibgb.co.uk
Virgin Money vs AIB (Allied Irish Bank) App Reviews
| Virgin Money | AIB (Allied Irish Bank) | |
| iPhone Review Score (out of 5) | 4.6 | 1.7 |
| Number of iPhone Reviews | 125,000 | 227 |
| Android Review Score (out of 5) | 4 | 1.9 |
| Number of Android Reviews | 23,400 | 21,400 |
https://apps.apple.com/gb/app/virgin-money-mobile-banking/id1482269155
https://apps.apple.com/gb/app/aib-mobile/id468042881
Virgin Money vs AIB (Allied Irish Bank) Account Fees & Charges
| Virgin Money | AIB (Allied Irish Bank) | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 25 Months | NA |
| Cheapest Monthly Account Fee | No | £10 |
| Most Expensive Monthly Account Fee | No | £10 |
| Electronic Payment Cost (in/out) | Free | 35p |
| Cash Payments Cost (in/out) | 90p per £100 | 65p per £100 |
| Cheques (in/out) | 30p per cheque | 70p |
| CHAPS Payments Cost | £25 | £25 |
| SEPA Payments Cost | £20 | £20 |
Virgin Money vs AIB (Allied Irish Bank) Business Savings Rates
| Virgin Money | AIB (Allied Irish Bank) | |
| Types of Business Savings Accounts | Instant access accounts, Notice accounts, Fixed term deposit accounts | Demand deposit account, Business fixed term deposit account, Currency deposit account |
| Lowest Savings Rate (AER) | 1.35% | 0.25% |
| Maximum Savings Rate (AER) | 5.15% | 3.02% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Virgin Money vs AIB (Allied Irish Bank) Account Opening Times
| Virgin Money | AIB (Allied Irish Bank) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 to 47 Working days | 15 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Virgin Money vs AIB (Allied Irish Bank) Features & Account Types
| Virgin Money | 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 England and Scotland only | Belfast, London and Dublin |
Virgin Money vs AIB (Allied Irish Bank) Customer Support Options
| Virgin Money | 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 |
Virgin Money vs AIB (Allied Irish Bank) Foreign Currency Accounts
| Virgin Money | 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 Virgin Money and AIB (Allied Irish Bank)
| Virgin Money | 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 |
Virgin Money vs AIB (Allied Irish Bank) Banking Basics
| Virgin Money | AIB (Allied Irish Bank) | |
| Bank Type | High Street | High Street |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 121873 | 204793 |
| Website | Virgin Money Website | AIB (Allied Irish Bank) Website |
Common Comparison Questions
Does Virgin Money or AIB (Allied Irish Bank) have better customer reviews?
Virgin Money scores 1.4 out of 5 based 6,799 Trustpilot reviews. Of these reviews 5% 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 Virgin Money or AIB (Allied Irish Bank) have a better App?
Virgin Money’s iPhone App is rated 4.6 out of 5 based on 125,000 reviews. And it’s Android App is rated 4 out of 5 based on 23,400 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 Virgin Money or AIB (Allied Irish Bank) have better business savings rates?
Virgin Money offers the following types of business savings accounts: Instant access accounts, Notice accounts, Fixed term deposit accounts with interest rates ranging from 1.35% to 5.15%. (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.