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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 - Link layer

Government

Information from UK government for businesses exporting and doing business abroad on preparing for the UK leaving the EU.
Invest NI - Link layer

Invest NI

Access Invest Northern Ireland's 'Get Ready for Brexit' online resources to help businesses in preparing for Brexit.
Intertrade Ireland - Link layer

Intertrade Ireland

Discover practical tools, advice, supports and research built to help and support businesses with Brexit.
IOD Northern Ireland - Link layer

IOD Northern Ireland

Visit 'Navigating Brexit for Business' the IOD hub which contains guides, report and latest news to support business preparation for Brexit.
NI Business Info - Link layer

NI Business Info

Access an EU Exit Readiness Checklist highlighting key actions Northern Ireland business must take to get ready for the changes and rules to operate from 1 January 2021.
CBI - Link layer

CBI

Brexit news, insights and views for business on Brexit negotiations.
BDO - Link layer

BDO

Access to Brexit planning information, tool and taskforce for business preparation for Brexit.
EY - Link layer

EY

Industry insights and information to guide and support businesses about Brexit.
PWC - Link layer

PWC

Information to help to find out where you are on the 'planning for Brexit' scale.
KPMG - Link layer

KPMG

Explore and access analysis, opinion and guidance on Brexit and beyond as a catalyst to reset your future.

 

 

 

How we can help: