There are quite a few possibilities when it comes to choosing a new bank in Northern Ireland. Let’s take a look at the Big Four banks in Northern Ireland.
Bank of Ireland UK
The Bank of Ireland UK has been servicing Northern Ireland consumers for almost 200 years and is one of the few banks authorized to produce bank notes. They currently operate 13 branches in Northern Ireland, as well as online and phone banking.
Bank of Ireland UK offers a variety of current and savings accounts to personal customers. Mortgages, credit cards, and personal loans are also available.
A business account or a commercial loan can be opened.
Ulster Bank
Ulster Bank is an award-winning Irish bank that has been in operation since the 1800s. Northern Ireland is served by the UK division, which serves both commercial and individual consumers.
They offer a variety of items for personal consumers, which can be broadly classified into the following categories.
- Bank accounts
- Mortgages
- Savings accounts
- Loans
- Credit cards
- Overdraft
Business customers also have a selection of products to choose from including business bank accounts, savings accounts, trade finance and loans. Ulster Bank also has a business services area.
READ ALSO: How to Open a Bank Account in Northern Ireland
Danske Bank
Danske Bank, one of Northern Ireland’s biggest banks, is the trading name of Northern Bank Ltd. It is a member of the Scandinavian Danske Bank Group and has been in business for nearly 200 years.
Its personal banking products include a selection of current accounts, personal and home owner loans, mortgages and various savings accounts including an eSaver account and fixed term deposits.
Danske Bank provides Business Current Accounts that vary depending on the size of the firm. They also provide a variety of business loans and overdraft services.
Allied Irish Banks
Northern Ireland’s Allied Irish Banks (AIB) is the UK division, which is distinct from AIB in the Republic of Ireland. They have 7 branches in Northern Ireland and also provide online support.
For private clients AIB offers a variety of current, savings, and deposit accounts, some of which are designed specifically for specific populations such as children or students. Loans, overdrafts, mortgages, credit cards, and currency accounts are also available.
Companies can open a Business current account, a Business savings account, or a Business deposit account. AIB provides commercial loans, merchant services, commercial debit cards, and currency accounts.