Brexit – Our Customer Commitment
At Bank of Ireland, when it comes to Brexit our primary focus is on our customers – how we can assist them to navigate the uncertainty and plan for the future.
Our customer commitment remains firm. For the vast majority of customers there is no change to our products or services. We stand ready to support our customers as Brexit continues to unfold.
Important information for business banking customers
Bank of Ireland operates primarily in the UK through its wholly owned and separately incorporated subsidiary, Bank of Ireland (UK) plc, which is authorised and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Like all UK Banks, eligible deposits held with Bank of Ireland (UK) plc are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. *
Due to the rules that govern how customers can access bank accounts and services in different EEA countries, a small number of customers living in the EEA may no longer be able to access banking services from Bank of Ireland UK. In these instances, we are pro-actively contacting impacted customers and advising them of any actions they need to take. Customers do not need to take any action on this matter unless they hear from us directly.
Supporting business banking customers
Our customer needs vary according to their sector, location, and client base. Some businesses may face particular challenges including in managing foreign exchange risk to retain control on their cash flow and profit margins, while others may need to adapt supply chains and logistics.
Bank of Ireland has a number of financial supports in place to help customers with their specific requirements, whether it is protecting their business from risk or investing for growth and expansion. This includes a £1.75 billion (€2 billion) Brexit Fund designed to support businesses on the island of Ireland flex and adapt to Brexit change
Over the coming days and weeks, please talk to us if you have any concerns. We’re here to help.
As always, we would like to thank you for your valued business
*This limit is applied to the total of any deposits customers have with the following: Bank of Ireland UK and Post Office Money and savings accounts under the AA Savings brand provided by Bank of Ireland UK. Any total deposits held above the limit between these brands are unlikely to be covered.
This page is specifically for UK Based business Brexit information. Personal customers can find useful information about Brexit and Bank of Ireland UK plc here. For information specific to the Republic of Ireland, please visit their dedicated page.
Useful Guides & Insights
Click on the resources below to read the full versions.
Managing currency risk
NI Brexit Business Readiness
Ireland Economic Outlook
UK Economic Outlook
FX Monthly Commentary
External resources
Government
Invest NI
Intertrade Ireland
IOD Northern Ireland
NI Business Info
BDO
PWC
KPMG
How we can help:
