farm bank account

lakill Farm

I read a read threads here about banks and there approach to farmers.

Who at the minute are the best banks to deal with? We have no loans, overdrafts etc and have been managing to operate the loss making farm so far out of our own 2 current accounts. However its time now to seperate things out and be able to keep the farm seperate from other bank accounts.

What bank do you suggest? :rolleyes:

reilig

lakill Farm wrote: »

I read a read threads here about banks and there approach to farmers.

Who at the minute are the best banks to deal with? We have no loans, overdrafts etc and have been managing to operate the loss making farm so far out of our own 2 current accounts. However its time now to seperate things out and be able to keep the farm seperate from other bank accounts.

What bank do you suggest? :rolleyes:

I'm a happy BOI customer and have been all my life. But i suspect that this has more to do with the local and knowledgable staff at my branch than everything. Have mortgage with AIB - got through a broker. Have tried to bank with them, but don't like them.

As for approvals for overdrafts & Loans etc. I don't know. I have never had a problem with my bank, but have not had to take a loan for the last 5 years - thankfully.

Username John

I used to do all my banking in AIB - but changed to PTSB when AIB brought in the quarterly bank charges there a while back.

For the farm account, I just have an ordinary current account with a cheque-book, its not a business account or anything. For me, its just about keeping 'farm money' separate from personal money.

JohnBoy

We just setup a joint current account for now with AIB, They used have the best internet banking in the personal banking space, dont know if it's still the case or not, but it's pretty feckin good.

Looked at their farm package but the charges were way higher, and it made no sense for our small operation.

bbam

We're with BOI but one branch wouldn't give us a regular current account and insisted we take a business account.
Went to another branch and they had no bother at all.

whelan1

with ulster bank have a business account manager was a prick:D s o i changed to a different branch and all is grand, new guy actually answers my calls and emails me:)

razor8

reilig wrote: »

I'm a happy BOI customer and have been all my life. But i suspect that this has more to do with the local and knowledgable staff at my branch than everything. Have mortgage with AIB - got through a broker. Have tried to bank with them, but don't like them.

As for approvals for overdrafts & Loans etc. I don't know. I have never had a problem with my bank, but have not had to take a loan for the last 5 years - thankfully.

you mean you managed to pay for that big tractor without a loan????????

theaceofspies

razor8 wrote: »

you mean you managed to pay for that big tractor without a loan????????

Must be a teacher/guard or nurse in the family and not telling us:cool:

reilig

razor8 wrote: »

you mean you managed to pay for that big tractor without a loan????????

Tractor is financed through New Holland Dealer.

nilhg

whelan1 wrote: »

with ulster bank have a business account manager was a prick:D s o i changed to a different branch and all is grand, new guy actually answers my calls and emails me:)

Well my last BM with Ulster was female so your description probably wouldnt be appropriate but the sentiment wouldn't be too far off, though to be fair there was no bad in her just disorganised and as a result couldn't keep things moving through with subsequent problems all round. The new lady is a joy to deal with, that's the way it goes I suppose.