Talk to us about switching

  • OPTION THREE
    Call our Switching Team
    Call our Switching Team 1800 234 100

Switch Your Business Current Account

You can now move easily to AIB

You can now move easily to AIB

Switching is not as complicated as you may think. Complete 4 simple steps to move all of your active direct debits and standing orders over to us.

To discuss your switching requirements:

  • Drop into any branch.
  • Call our Switching Team on 1800 234 100 (8am – 9pm Monday to Friday and 9am to 6pm on Saturday).
Talk to our advisors about switching your account today

STEP 1 - Open your Business Current Account

A key step in opening a new business current account is pulling together the necessary documentation, including:

  • Proof of identity and residential address for:
    -
    One person authorised to sign transactions on the business accounts
    - One Director of the business
    - All Beneficial Owners of the business.
  • Company details:
    - Certificate of Registration of the Business Name or Certificate of Incorporation
    - Details of Beneficial Owners, Directors and Company Secretary

We may also need the following:

  • Copies of bank statements from your old bank
  • Most recent set of Audited Accounts
  • A copy of your Business Plan
It's easy to switch your current account with AIB

Step 2 - Preparing to switch

Advance planning and preparation will help your switch go smoothly.

  • Identify one person in your business who is authorised to sign transactions on the business current accounts.
  • Choose a date for making the switch, ideally when there is low activity on the account to minimise the disruption to your business.
  • Complete the “Business Current Account Switching” form (located within our Switching Pack), which will authorise AIB and your old bank to switch your accounts (view business fees and charges).
  • Check your payroll system and make any necessary changes.
  • Update your bank details on your business stationery, invoices, etc.

Ensure there is sufficient money in your new and old accounts to cover any transactions that may occur during the switch.

 

STEP 3 – Making the switch

STEP 3 – Making the switch

After you have completed steps 1-2:

  • AIB will contact your old bank to arrange the closure of your business current accounts.
  • Your old bank will notify your direct debit originators operating under Single Euro Payments Area (SEPA) of your new AIB Business Current Account details.

AIB will set up your active standing orders as soon as we receive the list from your old bank.

STEP 3 – Making the switch

STEP 4 – Up and running

Welcome to AIB!

  • Your new AIB Business Current Accounts are fully operational.
  • Your old business current accounts with your old bank are closed.
Why switch to AIB?

Why switch to AIB?

Find out what AIB can provide to business customers.

Before opening an AIB business current account, it is important to note that:

AIB at An Post

You have even more choice for your banking business with access through An Post. Lodge cheques and cash using your Debit Card or lodgement book. Withdraw cash using your Debit Card and pay your Credit Card bill using the credit transfer attached to the bill.

Before opening an AIB business current account, it is important to note that:

Before opening an AIB business current account, it is important to note that:

  • Any credit facilities required on your business current account must be discussed and agreed in advance.
  • Transfer of a debit balance (overdraft) will need to be agreed in advance with AIB.
Talk to us

Talk to us

To discuss your switching requirements:

  • Drop into any branch.
  • Call our Switching Team on 1800 234 100 (8am to 9pm Monday to Friday and 9am to 6pm on Saturday).

                                                                                                        Find out more about our Business Current Account

 

Terms and Conditions apply.