Ireland has full service banks such as AIB, Bank of Ireland and Permanent TSB, alongside digital providers including Revolut Business and Wise Business. An Irish registered company or sole trader can open a business account with proof of identity, proof of address and company documents. Traditional banks can take a few weeks, while digital providers often onboard online in a shorter time. As of 8 June 2026.
- Can a non resident open
- Possible for an Irish registered business, though overseas owners face more checks at traditional banks. Verify with the provider. As of 8 June 2026.
- Typical timeline
- Often two to four weeks at traditional banks, longer for complex ownership. Digital providers can be faster. As of 8 June 2026.
- Free account available
- Some digital providers list no monthly account fee. Wise Business has no monthly fee with a one time setup fee. As of 8 June 2026.
- Most providers
- Several business accounts
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
How business banking works in Ireland
Ireland is a eurozone market, so business accounts are held in euro and domestic transfers run over the SEPA system. The retail banking sector consolidated in recent years when Ulster Bank and KBC withdrew, which left AIB, Bank of Ireland and Permanent TSB as the main full service banks alongside a growing set of digital providers. Traditional banks offer branches, lending and in person support, while digital providers compete on cost, speed and multi currency features. As of 8 June 2026.
Who can open a business account
An Irish registered company or a sole trader can apply. Traditional banks ask for proof of identity and proof of address for directors, authorised signatories and beneficial owners, together with company documents, and Bank of Ireland may ask an established business for recent statements. Sole traders can often apply online with AIB and Bank of Ireland. Overseas owners and complex structures usually face more checks and a longer review. As of 8 June 2026. Verify with the provider.
Traditional banks compared with neobanks
The trade off is the familiar one. AIB, Bank of Ireland and Permanent TSB give branch access, cash handling, lending and deposit protection under the Irish scheme, but business accounts usually carry transaction charges and a maintenance fee. Revolut Business offers euro accounts with Irish IBANs, cards and paid plans, provided by Revolut Bank UAB and regulated by the Central Bank of Ireland for consumer protection rules. Wise Business is a payment provider, not a bank, so funds are safeguarded rather than covered by a deposit scheme. Match the model to how you bank. As of 8 June 2026.
Requirements and documents
The list below is typical for an Irish business account. Exact requirements vary by provider and by how your business is structured. Verify with the provider
- Proof of identity and proof of address for directors, authorised signatories and beneficial owners.
- Company documents such as the certificate of incorporation and constitution, or evidence of a registered business name for a sole trader.
- Your tax reference, expected account activity, and for some banks recent business statements where the company is established.
How to open an account
- Decide whether you want a full service bank such as AIB or Bank of Ireland, or a digital provider such as Revolut Business or Wise Business.
- Gather identity, address and company documents for every director, signatory and beneficial owner.
- Apply online or in branch, complete the provider checks, then confirm fees and features with the provider before you fund the account.
Compare business accounts available in Ireland
These providers accept business customers in Ireland. Fees and eligibility shown as of 8 June 2026. Confirm current terms with the provider before applying.
Compare business accounts →Questions about business banking in Ireland
Who can open a business bank account in Ireland?
How long does it take to open a business account in Ireland?
Can a non resident open a business account in Ireland?
Are there digital business accounts in Ireland?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 8 June 2026. Confirm current terms with the provider before applying.