Choose your bank.
Here’s your options:
- 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.
How to open an 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
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)
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?
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.
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 while filling the application form:
- 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
- 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.
Let’s Talk
Still have doubts?
Click the whatsapp chat icon on the right corner of your screen to live chat with us.
Call us at 087 225 7706 or email us at admin@tascaccountants.com.