Business Banking Terms & Conditions - 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).

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.

A letter was initially sent to you notifying you of changes to the Business Deposit Terms & Conditions. Due to a technical issue we omitted to enclose a summary of these changes.  

The Summary of Changes and Terms & Conditions were also incorrect on our website from 27th May 2022 to 20th June 2022 and have now been amended. A revised letter was sent to you after to advise of all of the changes and a revised effective date of September 19th, 2022.