How to open a business bank account in Ireland. Discover the process, required documents, steps etc.
Choose your bank.
Here’s the summary:
- Sole Traders: Bank of Ireland, AIB, Permanent TSB, Revolut Pro.
- Startups: Bank of Ireland Startup Package, AIB Startup Package.
- Limited Companies: Bank of Ireland, AIB, Revolut Business.
- Businesses with International Payments: Revolut Business.
All these banks are legally eligible to open a current account for your company in Ireland.
Why do you need a bank account?
A business current account helps you:
- Separate personal and business finances
- Build a professional reputation with clients and suppliers
- Track your cash flow more efficiently
RBO registration will be completed within 2-3 days after company registration.
Irish Business Bank Account Options
Choosing the right banking partner can help you manage cash flow, separate personal and business finances, and build financial credibility.
Allied Irish Banks (AIB)
AIB provides an attractive Business Startup Package designed for new businesses opening their first business current account.
Key features:
- Maintenance and transaction fees waived for 2 years
- Multiple payment methods including direct debit, standing orders and online banking
- Merchant services for accepting customer payments
- Detailed financial reporting
- Extensive business support resources
Sole traders, partnerships and limited companies can apply online. Some business structures may require an appointment.
When asked the below questions:
- Is your entity a US Person (under FATCA)?: None of the above
- Is your entity a Non-Financial Foreign Entity (NFFE) (under FATCA)?: Active NFFE
Click here to open account.
Bank of Ireland (BOI)
Bank of Ireland offers one of Ireland’s most popular business banking solutions, including a dedicated Startup Package for businesses established within the last three years.
Key Features:
- No maintenance or transaction fees for the first 2 years
- Apple Pay and Google Pay support
- Business Online (BOL) subscription free for 2 years
- Daily online payments up to €20,000
- Business notice and fixed-term deposit accounts
Sole traders can apply online, while limited companies and partnerships generally require an appointment with a business advisor.
Click here to open account.
Permanent TSB (PTSB)
Permanent TSB is particularly suitable for sole traders and established businesses looking for flexible everyday banking.
Key Features:
- No transaction fees across Europe
- Online, mobile and branch banking
- Xero accounting software integration
- Business overdraft facilities available
- Business24 online banking platform
Applications are available online for sole traders, partnerships and limited companies.
Click here to open account.
Revolut Business
Revolut has become one of the most popular digital banking platforms for Irish businesses, offering fast account setup and excellent international payment capabilities.
Key Features:
- Multi-currency accounts supporting over 30 currencies
- Physical and virtual business cards
- Employee spending controls
- Card reader solutions for businesses
- Integrates with Xero, QuickBooks and FreeAgent
- Open API for software integrations
- Exclusive partner discounts
- Revolut Pro for freelancers and self-employed professionals
Applications are completed entirely online, with approval often available within a few hours.
Click here to open account.
Insights
The right business bank account depends on how you operate your business. If you regularly handle cash, require business loans, or value face-to-face banking, a High Street bank is likely the better option. If you prioritise fast setup, low fees, and international payments, an online provider such as Revolut can be an excellent choice.
If you’re setting up a limited company in Ireland, it’s worth planning your banking alongside your company registration to avoid delays. Having the correct company documents and registrations ready can make the account opening process much smoother
How to open a business bank account?
The steps may vary slightly across banks, but the general procedure is:
- Choose your bank and account type.
- Complete the bank’s application form.
- Submit all required documents.
- Attend a branch appointment (if needed for ID verification or business advisory).
- Wait for approval and receive your account details
Client onboarding will be completed within 3-5 days after company registration.
Documents Required
Depending on your business structure, here’s what Irish banks usually ask for:
- Valid photo ID and proof of address of all the Directors/signatories
- Certificate of Incorporation with Company name and registration number
- Certificate of registration of a business name (if applicable)
- Proof of registration with the Beneficial Ownership Register from the RBO.
- Company constitution (formerly called the Memorandum & Articles of Association)
- Detailed CRO report
- Business plan (if available)
- Previous bank statements (last 6 months if switching)
- Partnership agreement (for partnerships)
Revenue registration will be completed with in 7-10 days after company registration.
Can Non-Residents Open a Business Account in Ireland?
Yes, non-residents can open business accounts in Ireland, but some banks may require additional steps or documents.
It’s essential to:
- Choose banks familiar with international clients.
- Speak directly with a business advisor.
- Be prepared for additional identity and compliance checks
Can You Open a Business Account Online in Ireland?
Partially—some Irish banks offer online applications for sole traders, but most require in-person appointments for limited companies, partnerships, or foreign-owned businesses to verify documentation and identity.
Documents will be handed over with in 5-7 days after company registration.
Your company setup will be fully complete once the above are done.
Let’s Talk
Still have doubts?
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Call us at 087 225 7706 or email us at admin@tascaccountants.com.