Free business accounts in Ireland mostly mean no monthly fee for freelancers and sole traders, not no fees at all. N26 Business Standard and a Revolut Business Free plan are advertised with no monthly fee, with limits, and Wise Business has no monthly fee with a one time setup cost, as of 27 March 2026. A limited company usually needs a paid company account.
- Cheapest monthly fee
- No monthly fee with N26 Business Standard or a Revolut Business Free plan for the self employed, with limits, as of 27 March 2026.
- Who free suits
- Freelancers and sole traders trading in their own name. Companies usually pay a fee.
- Free for a limited company?
- Rarely fully free. A company account usually carries a fee, though start up accounts at the main banks waive fees for a period.
- Providers compared
- 3 no monthly fee options noted here, plus the start up fee waivers
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
What free means for an Irish business account
A free business account in Ireland usually means no monthly account fee, not no fees at all. Providers still charge for items such as transfers beyond a monthly allowance, extra physical or virtual cards, cash handling, and foreign currency conversion. The free plans are mostly aimed at freelancers and sole traders trading in their own name. A limited company is a separate legal person that needs an account in the company name, and company accounts usually carry a fee. Read each provider fee schedule for the items you will actually use before you decide.
Free accounts for freelancers and the self employed
Several providers advertise no monthly fee for the self employed, as of 27 March 2026. N26 offers a free Business Standard plan for the self employed trading in their own name, with paid plans above it. Revolut Business offers a Free plan with an Irish IBAN and limits on transfers and currency exchange. Wise Business has no monthly fee, with a one time setup fee of about 50 euro, and strong multi currency for clients abroad. Each plan has its own limits and per item charges, so confirm the current terms with the provider.
Why company accounts are rarely fully free
A limited company must hold a business account in the company name, and these company accounts usually carry a fee. A Revolut Business Free plan can hold a company account with limits, but AIB and Bank of Ireland charge transaction and maintenance fees on their company accounts. The main banks do reward early stage companies with a start up business current account that waives fees for a period, AIB for the first two years excluding cash handling and Bank of Ireland for an initial period. If you run a company, compare low cost company plans and the start up fee waivers rather than looking for a fully free account.
What still costs money on a free account
Before you choose a free account, look past the no monthly fee headline at the items you use. Verify with the provider
- Transfers beyond any monthly allowance, and the cost of extra physical or virtual cards, as of 27 March 2026.
- Cash handling. Digital providers often limit or charge for cash, so a business that takes cash may prefer a bank account, as of 27 March 2026.
- Foreign currency conversion. A multi currency provider such as Wise Business prices conversion near the mid market rate, while other plans add a percentage once a free allowance is used, as of 27 March 2026.
How to compare free accounts in Ireland
- Confirm your legal form. Free plans mostly suit freelancers and sole traders. A limited company needs a company account, where you should compare low cost plans and start up fee waivers.
- List your monthly transfers, cards, cash use and any foreign currency, then total the per item charges on each free plan for your usage.
- Read the provider fee schedule for the current figures, since limits and fees change. Confirm before you open.
Compare business accounts available in Ireland
These providers accept business customers in Ireland. Fees and eligibility shown as of 27 March 2026. Confirm current terms with the provider before applying.
Compare business accounts →Questions about free business accounts in Ireland
What is the cheapest business account in Ireland?
Is there a free business account for a limited company in Ireland?
Does free mean no fees at all?
Which free accounts suit freelancers in Ireland?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 27 March 2026. Confirm current terms with the provider before applying.