The first step is to become a customer where we will set up your new business accounts with us.

National Irish Bank adheres to the Code of Conduct on the Switching of Current Accounts with Credit Institutions. This Code applies to current accounts held by consumers and that are denominated in Euro. For more information on the code, click here.

The Switching Process

We provide business customers with a switching pack that clearly and simply explains the process of switching accounts. It should take no more than 10 working days to have your new current account fully operational from the date you have agreed that the switching process will begin. If you have chosen to close your old account, the transfer from your old bank to National Irish Bank (including standing orders and direct debits domiciled within the Republic of Ireland*) should take no more than 7 working days from the date you have agreed that the switching process will begin. *Please note, due to other obligations it may not be possible to transfer all direct debits and standing orders.

Planning your move to National Irish Bank

Step 1 – Negotiate and agree in advance with us any credit facilities you may require and any security we may require, as these matters are not covered by the Code.
Step 2 – You must negotiate and agree in advance with us any debit balance you wish to transfer.
Step 3 – Check your payroll system and prepare any changes that will need to be made
Step 4 – You will need to change the details on your invoice documentation to include your new BIC (Bank Identifier Code) and IBAN (International Bank Account Number), if applicable. We will provide these details to you when you open your new account.
Step 5 – If you are a direct debit originator you will need to arrange to change your sponsoring bank to National Irish Bank and join the SEPA Scheme if applicable. We will help you with this stage.
Step 6 – If you are the recipient of standing orders from more than twenty sources, you should contact your customers and advise them as we will be able to change their standing orders automatically.
Step 7 – Identify the time in the month that is most suitable for you to make the switch so that you minimise any potential risk to your business.
Step 8 – Source and prepare the documentation that may be required by us to become a customer such as: Memorandum and Articles of Association, Certificate of Incorporation/Registration of trade names, details of Directors and Company Secretary, identification and proof of address for directors/signatories/beneficial owners and resolution if applicable.
Step 9 – If you are closing your old account, check your cheque stubs against your old bank account. Please note that cheques which you have issued but which have not yet been presented on your old bank account will not be paid after switching. You may wish to contact the payees and make other arrangements to pay them.

For further information on the Business Account Switching Code go to the Central Bank website.