Frequently Asked Questions

What documentation do I need to provide in order to open a new account?
Why do I need to provide source of wealth documentation?
What is the minimum balance required for a Corporate/Trust Account?
What happens if we need access to funds on a Fixed Term without giving you the appropriate notice?
How often do Anglo Irish Bank International Corporate Deposit Rates change?
How can we send funds to Anglo Irish Bank International?
What are the cut-off times for payments in and out?
Can we have access to online banking?
Does Anglo Irish Bank International offer cheque book/credit /debit card facilities?
Are our funds secure?

1. What documentation do I need to provide in order to open a new account?

Please see the guidance notes section on either our Corporate Account Application Form, Trust Account Application Form or SIPP Account Application Form outlining specific requirements for each type of account. Alternatively you can contact us.

2. Why do I need to provide source of wealth documentation?

When entering into a business relationship of any type, we are obliged to make enquires to ascertain the source of wealth of each client in order to comply with Anti-Money Laundering Regulations. This information is used to form part of our overall profile of how you will operate your account with us. We need to know both the 'source of funds' - where the funds are being transferred from, and 'source of wealth' - i.e. how the wealth was created. This information is completely confidential.

3. What is the minimum balance required for a Corporate/Trust Account?

£50,000, or currency equivalent, for Corporate Accounts, and £25,000, or currency equivalent for Trust Accounts.

4. What happens if we need access to funds on a Fixed Term without giving you the appropriate notice?

Subject to our Terms and Conditions, access is normally possible, however, you will be charged a Breakage fee for this service, based on the amount you wish to withdraw and the length of the fixed term on the account. Please contact your Relationship Manager who will be happy to provide further information.

5. How often do Anglo Irish Bank International Corporate Deposit Rates change?

This depends on the type of account, and on the market movements. Our Daily Indicative Deposit Rates provide our most up to date rates.

6. How can we send funds to Anglo Irish Bank International?

The quickest and most efficient method is to send funds to your account by electronic transfer. You will find our routing details here. You can also send funds by cheque direct to our postal address, cheques should be made payable to the account holder. The time that your cheque will take to clear is dependant on the currency of the cheque and the bank the funds are drawn on. A sterling cheque drawn on a bank in the UK will usually clear for interest purposes in 3 working days and be fully cleared in 10 working days. Cheques drawn on banks outside of the UK clearing system or foreign currency cheques, however, can take anything up to six weeks to clear and can incur charges. Please see our Fees and Charges schedule for further details and for the limits in place for foreign cheque clearance.

Click here for pdf download of Corporate Routing Details and Summary of Fees and Charges.

7. What are the cut-off times for payments in and out?

Funds that are received electronically before 2.00pm will be applied to your account with good value; funds received after this time will be credited with value on the following working day. If you are aware that the remitting bank is sending funds to your account at Anglo Irish Bank International you may advise us in advance. Providing the funds are credited to our account on the same day, you will receive interest from that day. If the funds are not received, there will be an interest charge applied to your account. If you wish to make a payment from an account held at Anglo Irish Bank International, your instruction must be received before 12.30pm in order for us to make them on the same day. If they are received after 12.30pm, they will be made on the following working day. Payment instructions received in respect of notice accounts will be actioned after the appropriate notice period has expired. Notice will start on the day we receive your instruction.

8. Can we have access to online banking?

Yes, you can have 24-hour access to AngloConnect. This service allows you to view your account and download statements and interest certificates. You can register for this service here.

9. Does Anglo Irish Bank International offer cheque book/credit /debit card facilities?

We are a deposit holding bank and do not offer these facilities.

10. Are our funds secure?

Deposits with Anglo International are protected by the Isle of Man Depositors' Compensation Scheme. This government-administered scheme covers corporate and trust deposit account holders in the unlikely event of a default. The scheme guarantees 100% of the account balance, up to the first £20,000. Click here to go to the Isle of Man Government website and read more on the Isle of Man Depositors’ Compensation Scheme.

Deposits are further protected by the Irish State guarantee provided for under the Credit Institutions (Financial Support) Scheme 2008 (‘2008 CIFS Scheme’) or the Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009 (‘ELG Scheme’) of which Anglo Irish Bank is a participating institution. Details can be found by clicking here. Further details of the schemes can also be found on www.finance.gov.ie and www.ntma.ie.

The Minister for Finance in Ireland has stated that all customers of Anglo can be assured that the full amount of their deposits and savings are further safeguarded by nationalisation. Customers can also be assured that they can and should continue transacting with Anglo as normal and there is no need for customers to take any steps as a result of nationalisation. The terms and conditions of accounts with Anglo are not affected by the nationalisation. Click here to go the Group Media centre and read more on the Irish Guarantee Acceptance Deeds.