Bank of Ireland rolls out online service for sole traders

27 Jun 201626 Shares

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The new service will enable sole traders to apply for and set up current accounts online

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Bank of Ireland has rolled out its latest digital endeavour: an online application service for sole traders seeking to open current accounts.

The move follows on the heels of a new platform launched by Bank of Ireland in recent weeks, which allows consumers to submit photo ID and proof-of-address documents, and set up current accounts online.

The new service for sole traders is designed to be quick and user-friendly. Applicants simply select their preferred business current account and respond to a number of business and regulatory questions.

‘We have transformed how customers can apply for a current account for both personal and business use’
– SEAN L’ESTRANGE, BANK OF IRELAND

New customers are sent a link to upload identification documents digitally and, for existing Bank of Ireland customers, the bank can use debit card details to match and verify the information.

The head of current accounts at Bank of Ireland, Sean L’Estrange, said that the bank is leading the digital agenda for sole traders and entrepreneurs.

The bank also recently launched a new Business Start-up Package that includes a suite of free online services, including a web page, domain address, hosting and business listing on GoldenPages.ie.

Digital banking for sole traders

“We have transformed how customers can apply for a current account for both personal and business use,” L’Estrange said.

“Customers can now apply for their business current account anytime, anywhere, with the option of doing it fully online or to drop into their local branch. A high proportion of sole traders in Ireland open an account with Bank of Ireland, and they are busy individuals who need a service which is convenient and efficient.

“User-friendly digital solutions help to deliver a quality customer experience and enable consumers to conduct their banking at a time and location that works for them.”

Digital banking image via Shutterstock

Editor John Kennedy is an award-winning technology journalist.

editorial@siliconrepublic.com