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Business Banking in Waterford

  • 19-08-2013 10:28pm
    #1
    Jason Todd
    Closed Accounts Posts: 2,326 ✭✭✭


    Hi all,

    just wondering has anyone had any experience of meeting a business adviser from any of the banks in town in relation to start-up businesses? I am taking the plunge soon, and starting my own business and will need to meet someone from the banks about opening an account.

    Has anyone got any recommendations or positive/negative stories they wouldn't mind sharing? I have no preference toward a particular bank as it stands.

    TIA :)


Comments

  • #2
    Sully
    Moderators, Education Moderators, Technology & Internet Moderators, Regional South East Moderators Posts: 24,056 Mod ✭✭✭✭Sully


    Personally have always found AIB very easy to deal with in setting up accounts. You looking to get a loan in addition to setting up the account?


  • #3
    Jason Todd
    Closed Accounts Posts: 2,326 ✭✭✭Jason Todd


    Sully wrote: »
    Personally have always found AIB very easy to deal with in setting up accounts. You looking to get a loan in addition to setting up the account?

    No, not getting the loan. Is there a particular branch you'd recommend? Thanks Sully.


  • #4
    Sully
    Moderators, Education Moderators, Technology & Internet Moderators, Regional South East Moderators Posts: 24,056 Mod ✭✭✭✭Sully


    Jason Todd wrote: »
    No, not getting the loan. Is there a particular branch you'd recommend? Thanks Sully.

    My main branch is Lisdugan, but I float between there and the Quay tbh. The new automated machines for lodgements are a god send, much quicker to get in and out. The mobile app is easy to use for transferring money between accounts, checking balances, paying credit card bills etc. Its probably not the cheapest bank for fees, but I just find them friendly, easy to deal with, and the setup procedure was quick and easy.


  • #5
    Max Powers
    Registered Users, Registered Users 2 Posts: 3,510 ✭✭✭Max Powers


    Jason Todd wrote: »
    Hi all,

    just wondering has anyone had any experience of meeting a business adviser from any of the banks in town in relation to start-up businesses? I am taking the plunge soon, and starting my own business and will need to meet someone from the banks about opening an account.

    Has anyone got any recommendations or positive/negative stories they wouldn't mind sharing? I have no preference toward a particular bank as it stands.

    TIA :)

    not much idea on the banks JT but best of luck, i really admire people who can go out there and do it like yourself. i dont care if you are a one man handyman or the next bil gates, fair play buddy.


  • #6
    beazee
    Registered Users, Registered Users 2 Posts: 1,343 ✭✭✭beazee


    I've same experience as Sully. Although over the last 6 years the person in charge of our business account has changed 4 times. Remember first signing the documents in now closed Michael Street branch. Never had an issue with them.
    When it comes to merchant account (Laser/Visa payments) I found Elavon better.


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  • #7
    Sully
    Moderators, Education Moderators, Technology & Internet Moderators, Regional South East Moderators Posts: 24,056 Mod ✭✭✭✭Sully


    beazee wrote: »
    I've same experience as Sully. Although over the last 6 years the person in charge of our business account has changed 4 times. Remember first signing the documents in now closed Michael Street branch. Never had an issue with them.
    When it comes to merchant account (Laser/Visa payments) I found Elavon better.

    I haven't really had any reason to talk with my account manager, but I understand they have changed alright. Doesn't really bother me once my query is answered.

    Don't have a merchant account, but I know from dealing with local businesses that Elavon comes in very competitive alright.


  • #8
    Odats
    Registered Users, Registered Users 2 Posts: 767 ✭✭✭Odats


    Just to point out with Bank of Ireland if you are a Mac user that their Business Online Business Software only works on Windows IE so you will need a VM. It is totally different system than 365.

    Have experience of both albeit in Dublin and I found BOI more personal from an in branch perspective if you need to get things sorted quickly at branch level where AIB adopt a more account manager level.

    BOI do a business start up account where you are exempt from bank fees for a period of time. Another point on BOI vs AIB is AIB don't do Business Visa Debit Cards but BOI do. This is handy if you have any international suppliers that you can effectively set up a direct debit.

    Don't know anything about Ulster Bank or PTSB and I am just comparing based on experience of the two.


  • #9
    beazee
    Registered Users, Registered Users 2 Posts: 1,343 ✭✭✭beazee


    Odats wrote: »
    AIB don't do Business Visa Debit Cards
    I'm pretty sure our business Laser Card was replaced with Visa Debit Card few weeks ago. Came by post.


  • #10
    Odats
    Registered Users, Registered Users 2 Posts: 767 ✭✭✭Odats


    Tried to get one off our account manager about two months ago and wouldn't entertain us as they said it was only for personal customers. Things must have changed since then. Obviously they were getting complaints and decided to compete with the others in offering VISA debit to Business customers.

    It makes sense as a Laser card isn't of much use outside of Irish and some UK sites.


  • #11
    Sully
    Moderators, Education Moderators, Technology & Internet Moderators, Regional South East Moderators Posts: 24,056 Mod ✭✭✭✭Sully


    They replace lost / stolen Laser Cards with Visa Debit afaik. Though I was able to request a personal Visa Debit to replace my Laser, just went in and asked in the branch no problem.


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  • #12
    kaef
    Registered Users Posts: 147 ✭✭kaef


    beazee wrote: »
    I'm pretty sure our business Laser Card was replaced with Visa Debit Card few weeks ago. Came by post.

    Confirm. AIB Business Account comes with Visa Debit.


  • #13
    Jason Todd
    Closed Accounts Posts: 2,326 ✭✭✭Jason Todd


    Max Powers wrote: »
    not much idea on the banks JT but best of luck, i really admire people who can go out there and do it like yourself. i dont care if you are a one man handyman or the next bil gates, fair play buddy.

    Cheers bud!:)


  • #14
    Luckycharms_74
    Registered Users, Registered Users 2 Posts: 6,662 ✭✭✭Luckycharms_74


    Anyone know if TSB in Arundel Sq is closed down. A friend of mine is looking to set up a business account and they are undecided which bank to go with.
    I also heard that BOI on Parnell Street will be closing soon and all business will be re-directed to the Quay.
    It seems that soon there will be a few banks left in our city.


  • #15
    madfcuker
    Registered Users, Registered Users 2 Posts: 257 ✭✭madfcuker


    Luckycharms_74 wrote: »
    Anyone know if TSB in Arundel Sq is closed down. A friend of mine is looking to set up a business account and they are undecided which bank to go with.
    I also heard that BOI on Parnell Street will be closing soon and all business will be re-directed to the Quay.
    It seems that soon there will be a few banks left in our city.
    .

    TSB is long gone. And you are correct about BOI.


  • #16
    kaef
    Registered Users Posts: 147 ✭✭kaef


    Luckycharms_74 wrote: »
    It seems that soon there will be a few banks left in our city.

    Well... It's 21st century, we use online banking to check account balance, to pay bills, to transfer money. There are plenty ATMs on the streets (but never enough), so no need to queueing. Online banking is available 24/7, while branches mostly 10-4, mon-fri.

    I'm pretty sure that there's 2x less customers in every branch than 20 years ago, so I don't see anything unusual in closing down local branches.


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