We’re here to help your business get through this challenging time

Here are some of the ways we can help:

  • The Government has announced Pay As You Grow (PAYG) options for Bounce Back Loan borrowers to help businesses get back to regular trading.
  • Emergency working capital & payment flexibility on loan facilities.
  • Provision of trade finance and foreign currency products.

Apply for deferral of business current account fees

For businesses where cash flow has been temporarily impacted by COVID-19 we are offering an option to defer these current account transaction fees*. This means that the fees* that have been applied to business customer’s accounts will be refunded to customers for the deferred period where they apply for this and are impacted by COVID-19.

For NI customers

We will refund the current account fees* that have been deducted from your Business Current Account if your cash flow has been temporarily impacted by COVID-19.

September 2020 – To apply for deferral of September fees, download the application form, complete and email it to businessbankingni@boi.com.

December 2020 – To apply for deferral of December2020 fees, download the application form, complete and email it to businessbankingni@boi.com.

Important information

  • We will refund the current account fees* that have been deducted from your Business Current Account during September or December 2020 if your cash flow has been temporarily impacted by COVID-19.
  • The refund is a deferral of fees* which only applies to the current account fees applied during September or December 2020.
  • If you defer September fees*, these fees* will be payable by you and will be charged to your Business Current Account in three equal tranches in March, April and May 2021. We will advise you of specific dates closer to the time.
  • If you defer December fees*, these fees* will be payable by you and will be charged to your Business Current Account in three equal tranches in June, July and August 2021. We will advise you of specific dates closer to the time.
  • All other standard charges apply, including Electronic Banking, Foreign Exchange and Service Charges and any interest payable on the Business Current Account will continue to be applied and paid.

For GB customers

For GB customers wishing to defer their fees* charged in any month between April and October please email: businessbankingni@boi.com specifying which month/s you require an application form for. Then complete and return the form received to the same inbox.

*Business current account fees referenced above include Transaction and account maintenance fees