Multi currency business accounts in Ireland

Snapshot

The base currency for business in Ireland is the euro, and domestic payments run through SEPA. A business that trades across borders can add other currencies, either through a foreign currency account at a high street bank or through an online provider that holds and converts several currencies in one place. The cost to watch is the conversion margin, plus any fixed fee per payment.

Base currency: Euro. Ireland is in the euro area and uses SEPA for domestic and European payments, as of 2 March 2026.
Who offers more currencies: High street banks offer foreign currency accounts. Online providers such as Revolut Business and Wise hold and convert multiple currencies.
Typical use: Paying overseas suppliers, getting paid by overseas customers, and holding balances such as United States dollars or pounds sterling.
Main cost: A conversion margin on the exchange rate, and sometimes a fixed fee per payment. Figures vary by provider.

Fees and features as of 2 March 2026Last reviewed 2 March 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

A business in Ireland keeps its main balance in euro, since Ireland is in the euro area and domestic payments run through SEPA. To trade in other currencies you can add a foreign currency account at a high street bank, or use an online provider that holds and converts several currencies in a single account. The figure that decides the real cost is the conversion margin added to the exchange rate, plus any fixed fee per payment. Details below are shown as of 2 March 2026.

What multi currency means for a business in Ireland

A multi currency setup lets a business hold, receive and send money in more than one currency without converting every transaction back to euro straight away. For an exporter that invoices in United States dollars, or an importer that pays suppliers in pounds sterling, this can reduce the number of conversions and let the business choose when to convert. Ireland is in the euro area, so euro remains the home currency and SEPA handles domestic and European payments, while other currencies sit alongside it. Figures below are shown as of 2 March 2026.

Where to get a multi currency account

High street banks in Ireland offer foreign currency accounts to business customers, typically as a separate account in a named currency that sits next to the main euro account. Online providers take a different approach. Revolut Business, which operates with a European Central Bank banking licence, lets a business hold and convert multiple currencies and issues an Irish IBAN. Wise offers local account details in several currencies and converts at its published rate, but it is an electronic money provider rather than a bank, so balances are safeguarded rather than covered by a deposit guarantee scheme, and it does not issue an Irish IBAN. Confirm the supported currencies and the current account details with each provider.

What to watch on cost

The headline figure is rarely the monthly fee. The conversion margin, the percentage added to the exchange rate when you convert, usually drives the real cost for a business that converts often. As of 2 March 2026

The conversion margin on each currency pair, since some providers add a higher margin on less common currencies.
Any fixed fee per international payment, which matters most on small frequent transfers.
Whether conversion is free up to a monthly allowance and then charged, which some online providers apply on certain plans.

Compare business accounts available in Ireland

These providers accept business customers in Ireland and several support more than one currency. Fees and eligibility shown as of 2 March 2026. Confirm current terms with the provider before applying.

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Questions about multi currency accounts in Ireland

Can a business in Ireland hold more than one currency?

Yes. The base currency in Ireland is the euro, but several providers let a business hold, receive and send other currencies. High street banks offer foreign currency accounts, and online providers such as Revolut Business and Wise let a business hold and convert multiple currencies in one place, as of 2 March 2026. Confirm the supported currencies with the provider. This is general information, not advice.

What currency do business accounts in Ireland use?

Ireland is in the euro area, so the main account currency is the euro and domestic payments run through SEPA. A business that trades abroad can add other currencies through a foreign currency account or a multi currency provider, holding balances such as United States dollars or pounds sterling alongside euro, as of 2 March 2026. Verify with the provider.

How much does currency conversion cost for a business in Ireland?

The cost is usually a conversion margin added to the exchange rate, and sometimes a fixed fee per payment. Margins and fees vary widely between high street banks and online providers, and some providers price conversion differently above a monthly allowance, as of 2 March 2026. Read the provider fee schedule for the current figures before you rely on them.

Is Wise a bank in Ireland?

No. Wise operates as an electronic money provider, so customer balances are safeguarded rather than covered by a deposit guarantee scheme, and Wise does not issue an Irish IBAN. Revolut operates with a European Central Bank banking licence. The right choice depends on whether you need a deposit account or mainly multi currency receiving and conversion, as of 2 March 2026. Confirm the current position with each provider.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 2 March 2026. Confirm current terms with the provider before applying.