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Deciding which payment solution meets your needs
Would your business benefit from banking online?
Electronic Banking Solutions to choose from

Deciding which payment solution meets your needs

With Bank of Ireland UK there are many ways you can make and receive payments. Deciding the best way to make a payment can be compared to the simple example of sending a product brochure to a customer. There are a number of options available to you e.g. standard post, express post, registered post, courier, email etc. Most likely, the option you choose will be dependent on your needs at the time and the importance you attach to a particular set of criteria, for instance is it important to get it there quickly? Do you have a particular budget to consider? Is security an issue?

For full details of Business On Line fees and charges, download our brochure (PDF 131KB)

Let's look at an example of paying a supplier

So, there are a range of options to choose from and the good news is that Bank of Ireland UK provides a wide range of payment options to meet all your needs.

Would your business benefit?

Ask yourself the following questions.

Do you ring or visit your branch regularly for balance / transactions?

Yes? Did you know you can do this online and save time and money?

Do you write more than 10 cheques per week?

Yes? Did you know, each domestic cheque you write costs your business up to £1.15¹ - if you were to make the same payment online it would only cost you typically £0.48¹?

Do you want to pay staff/suppliers directly into their bank accounts?

Yes? Did you know you could pay all your salaries online with our batch BACs service saving you time and money?

Do you want to collect debtor payments electronically?

Yes? Did you know, Business On Line can facilitate the collection of debtor payments electronically

¹ £1.15 comprises of a Transaction fee £0.60, Postage £0.32 and an estimated company administration charge of £0.23. Please note the £0.48 transaction fee does not include the Business On Line monthly subscription fee but does include an estimate company administration charge of £0.05.

Electronic Banking Solutions

Business On Line ²

If you require 24/7 access to your business account details and typically make regular payments either domestically or internationally then Business On Line is the product for you.

It allows you to:

view balances and transactions
make domestic and cross border payments
export files to company accounting packages

For full details of Business On Line fees and charges, download our brochure (PDF 131KB)

² Standard business current account transaction fees and all other charges will apply as normal. Please refer to the Schedule of Charges Business Customers Northern Ireland and Schedule of International transaction charges. For full details of Business On Line fees and charges, download our brochure (PDF 131KB)

BACs (EFT)³

If your business needs to make high volume domestic payments to suppliers and /or staff then our Electronic Fund Transfer products are for you

BAC’s allows you to make regular grouped domestic payments to employees and suppliers or the collection of payments from debtors through Direct Pay, Direct Credit and Direct Debit facilities

³Terms and Conditions apply.

Please read our Guide to Banking for Business Customers - 148KB PDF Document.

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