Business Banking Terms & Conditions - FAQs

The changes to our Business Banking Terms and Conditions and Business Deposits Terms and Conditions become effective for existing customers on 29th of July, 2022.  We have some Frequently Asked Questions below, which may help you understand the changes.

Business Banking FAQs

  • We will provide you with 60 days’ notice by text, email, letter or through our Digital Services of any future reduction in the interest rate applied to your Deposit Account.
  • We may close the Account or block payments if there has been no transaction on your Account for more than 6 months and the account balance is less than €10.  We will send you a separate communication in advance if these circumstances arise.
  • We will no longer allow cheque withdrawals from a Business Current Accounts and Business Deposit Accounts. You can continue to request payments by Credit Transfer. Cheque reissues may be facilitated on request.
  • We have added a new clause in relation to not being permitted to opening an additional Client Account if you already hold one or more Client Account(s).

Business Deposit FAQs

  • We will provide you with 60 days’ notice by text, email or letter of any future reduction in the interest rate applied to your Business Deposit Account.
  • We may close the Account or block payments if there has been no transaction on your Account for more than 6 months and the account balance is less than €10.  We will send you a separate communication in advance if these circumstances arise.
  • We will no longer allow cheque withdrawals from a Business Deposit accounts. You can continue to request payments by Credit Transfer. Cheque reissues may be facilitated on request.