Working with Suppliers

Our suppliers are an essential part of Bank of Ireland and play a vital role in supporting the Group’s purpose of enabling our Customers, Colleagues and Communities to thrive.

COVID-19 Update: During the current COVID-19 situation, the Bank will pay small and medium enterprise suppliers earlier then our standard 30 day payment terms, until the end of 2020. See details on the Working with Suppliers home page.

Click 'Find out more' to learn about our Supplier Qualification Process.

Find out more

Working with Suppliers

COVID-19 Update: We are pleased to confirm that all small and medium enterprise suppliers to Bank of Ireland will be paid within 5 days (rather than the standard 30 day payment terms) once a verified and business approved invoice is received by our Procurement team. This new approach was introduced from the week commencing 6th April and has been extended from the end of June until the end of 2020. As COVID-19 continues to impact us and our suppliers, this initiative will make a positive impact to the cash flow needs of our suppliers at this challenging time.

Our suppliers are an essential part of Bank of Ireland and play a vital role in supporting the Group’s purpose of enabling our Customers, Colleagues and Communities to thrive. This site provides key information about Procurement in Bank of Ireland and how we work with our suppliers.

Bank of Ireland conducts procurement activities with suppliers around the globe. We are committed to introducing responsible business practices that make it easier for our suppliers to do business with us. We want to ensure that all our suppliers operate in an ethical and responsible manner and that they are aligned with our purpose.

To support this commitment Bank of Ireland has created our Code of Supplier Responsibility that applies to all of our suppliers. It defines what we expect from our Suppliers in terms of responsible business practice and behaviour. More information on the Code is included in the ‘Sourcing Responsibly’ section of this site.

Bank of Ireland is also part of the Financial Supplier Qualification System (FSQS) Community. FSQS is designed to standardise and manage our requests from multiple Financial Services Companies for compliance and assurance data and to ensure that our Suppliers meet our policy compliance expectations. We have summarised these minimum policy compliance requirements in the Bank of Ireland Third Party Policies. More information on Policy Compliance is included in the ‘Being a Supplier to Bank of Ireland’ section of this site.