Business
On Line
The complete
online package
for your business
Manage your
cash flow
wherever
you are
Controlling your cash flow is crucial to the
success of your business. We understand
the need to access up-to-date information
about your accounts at all times.
With Business On Line, our dedicated
online banking service for business
customers, you can do your banking when
it suits you - even when you’re on the
move.
Business On Line (BOL) allows you to:
„ View balances on accounts and credit cards
„ Transfer funds between accounts and accept
payments
„ Make several payments at once, e.g. salary or
creditor payments (BACS)
„ Make forward-dated and international payments
„ Print statements
„ Export and import data to and from your
accounting systems
„ Chaps Payments (same day money transfers)
Associated fees for these services are detailed on
pages 5 & 6.
1
Fast, secure and cost efficient online
banking
The flexible service* gives you total control of your
finances, increased efficiency with less paperwork and
potential savings on cheque transactions.
Cost of writing a cheque
Cheque processing
Postage (UK standard envelope)
Administration (BOI estimate)
Total Cost
£0.60
£0.60
£0.23
£1.43
Cost of a 3rd party payment via
Business On Line
Typical Current Account Transaction Fee £0.43
Administration (BOI estimate)
£0.05
Total Cost
£0.48
Typical Saving for 1 cheque Over 50%
*Associated fees for this service are detailed on pages 5 and 6.
2
There is a choice of Business On Line
packages to suit your business
Basic - Service Level 1
„ View account balances and transactions
„ Make account transfers
„ Make 3rd party payments
„ Create BACS** payments
Cross Border - Service Level 2
All Service Level 1 benefits with the additional
ability to:
„ View currency balances and transactions
„ Create inter account transfers and 3rd party
currency payments
„ Draw on FX currency contracts either on a
same day or future dated basis
Comprehensive - Service Level 3
All of Service Levels 1 and 2 benefits, with the
additional ability to:
„ Export data to other systems
„ View debit and credit interest accrued on
branch banking accounts
Monthly subscription fees
„ Service Level 1
„ Service Level 2
„ Service Level 3
£10
£15
£40
Subscription charges for levels 1, 2 and 3 are free for 6 months
for all new customers. Subscription charge for level 1 is free for
2 years for Essential for Business registered customers from the
date of account opening.
For details of Service and Transaction charges please see
our Schedule of Charges for Business Customers brochure
available from any branch or on our website
www.bankofireland.co.uk
**Normal lending terms and conditions apply.
3
Getting Started
We provide training to all new Business On Line
customers through our Learning Centre.
To view our interactive Training Portal and other help
and support documentation, please click on the
Learning Centre icon on the Business On Line home
page, or through the link on the bottom left hand
corner of the Dashboard under Quick Actions.
Register your interest today!
Please log on to our Business On Line registration
section, www.bankofireland.co.uk
Or alternatively, talk to your local branch or
call 0845 604 5552.#
4
Fees and Charges for Business On Line
Note: Normal domestic current account transaction fees apply in all cases.
For further details please refer to our ‘Schedule of Charges for Business
Customers’ brochure available from any branch or on our website
www.bankofireland.co.uk
SERVICE
NI
Business On Line Subscription charges
Service Level 1 (per month)
2nd Company (of same legal type)
3rd & subsequent companies
(of same legal type)
£10.00
£5.00
£2.50
Service Level 2 (per month)
2nd Company (of same legal type)
3rd & subsequent companies
(of same legal type)
£15.00
£7.50
£3.75
Service Level 3 (per month)
2nd Company (of same legal type)
3rd & subsequent companies
(of same legal type)
£40.00
£20.00
£10.00
Business On Line Transaction charges
(per item)
Domestic Payments
Account Transfer (interbranch)
Account Transfer (interbank)
Third Party (interbranch)
Third Party (interbank)
No BOL Charge
No BOL Charge
No BOL Charge
No BOL Charge
BACS (Direct pay / Direct Credit /
Direct Debit profiles within BOL)
£0.12
CHAPS
Interbank payments by BOL (outbound)
£21.00
Payment in Euro to EU member states
(+ Iceland, Norway, & Liechtenstein)
(2 working daysb - IBAN & BIC are
mandatorya)
5
No BOL Charge
SERVICE
NI
Payment in Euro to EU member states
(+ Iceland, Norway, & Liechtenstein)
(Same Day)
£25.00
Payment in GBP to UK (Same Day)
Payment in USD to US (Same Day)
£25.00
Payment in all other currencies
(2 working days b)
£25.00
Payment in all currencies from NI to
BOI branches in ROI (Same day)
£10.00
a. IBAN and Swift address or BIC
The IBAN (International Bank Account Number) is a
standard term for quoting account numbers across
Europe. The use of IBAN and the payee’s bank SWIFT
address / BIC (Bank Identifier Code) is required to
ensure correct identification of your payee’s bank
account.
b. Funds will be debited on value date and the payee’s
bank will be credited 2 working days later.
Please note the following conditions:
1. Third party foreign bank charges on returns and
queries may apply.
2. Same Day relates to payments credited to the payee’s
bank on the same day.
3. Branch cut-off times are available in our branches.
4. Business On Line (BOL) cut-off times are available at
www.bankofireland.co.uk
5. Cross Border Same Day credit transfers are available
in certain currencies only and to certain countries only.
Further information is available in branch.
6. In relation to unpaid debits further charges will apply.
Please refer to our Schedule of Charges for Business
Customers brochure for further details.
6
Safe and secure online banking
Business On Line uses a proven security system so
that your data is protected.
1. Every user is assigned a username and
password to log on to Business On Line.
2.
Business On Line allows you to choose which
members of your team use the system and
what level of authorisation is assigned to them.
For instance, you may allow one user to set up a
payment and another user to authorise it.
3. A digital certificate is needed to authorise
payments - one of the most robust security
mechanisms around.
Beware of ‘phishing’
To protect yourself against internet fraud, you
should beware of phishing - fraudulent emails that
attempt to gain your account information.
A phishing email may appear to be from a
Bank of Ireland Group company or another financial
institution. It often attempts to direct you to a hoax
website that looks similar to a legitimate site. You
may be asked to submit your confidential account
number or password to the hoax site. Please do not
provide any information whatsoever. These emails
are fraudulent and are not from Bank of Ireland
Group - we will never request customer information
in this manner.
7
If you receive one of these
fraudulent emails:
„ Do not click any links
„ Do not open any attachments
„ Do not input any personal/account information
„ Forward the email to
[email protected] immediately and then delete without clicking any of the links or attachments
REMEMBER: WE WILL NEVER ASK FOR
ACCOUNT INFORMATION BY EMAIL.
If you do disclose any information in error,
please contact us between 8am and 6pm,
Monday to Friday.
NI: 0845 604 5552
#
Terms and Conditions
Terms and Conditions apply to Business On Line.
Terms and Conditions apply to Global Markets products.
Local call rates apply. Call costs may vary depending on your
service provider.
#
8
www.bankofireland.co.uk
Bank of Ireland UK is a trading name of Bank of Ireland (UK) plc which
is authorised by the Prudential Regulation Authority and regulated by
the Financial Conduct Authority and the Prudential Regulation Authority.
Registered in England and Wales (No. 7022885), Bow Bells House, 1
Bread Street, London EC4M 9BE.
UK37-1005N.3 (08/14)
8573140801