Best Business Bank Accounts For Startups in Ireland

Best Business Bank Accounts For Startups in Ireland

While a business bank account is not legally necessary in Ireland, it is a good idea to have one. This will make your accountant’s job easier and it can prevent your personal transactions from getting mixed with those of your business. A business bank account can also help you avoid excessive bookkeeping costs, as you can avoid a plethora of restrictions. Startups should consider transaction fees, ease of payments, and the ability to generate user-friendly reports when selecting a business bank. In addition, companies and limited companies should look for cost of non-EU payments and restrictions.

Revolut Business

Revolut is an online financial service provider that offers a variety of accounts for small businesses and freelancers. They also offer free business accounts with basic features and can integrate with the leading accountancy software. These accounts offer online and app management. In addition, businesses can apply for a business account with CardOneMoney, a digital financial products provider. The app enables users to make payments and use their cards without a bank account.

Revolut is currently available in Ireland, the UK, and the USA. This digital bank was launched in 2015 as a pre-paid card and has since expanded to include a host of other products. It recently launched a business account to shake up the business banking sector and take on high bank charges for sending money abroad. The startup describes itself as a digital alternative to the big banks. The new account can be set up online and does not require an appointment. Businesses can even register with Revolut to receive notifications when they expand.

Revolut also offers the option of connecting other bank accounts to its app. Revolut customers in Ireland can link AIB, Permanent TSB, Ulster Bank, and Bank of Ireland accounts. Additionally, Revolut will soon add Ulster Bank and Permanent TSB bank accounts to their platform. In the future, Revolut plans to add more banks to the platform. There are now 1.7 million retail customers of Revolut in Ireland.

Brex Cash

The Irish government has introduced a new banking service for startups: Brex Cash. This account offers a 1.6% return on cash balances and no transaction fees. With Brex Cash, you can also earn valuable Brex Rewards points, which you can redeem for travel or statement credits. The company also offers six airline loyalty partner loyalty mileage programs. With this account, you can keep track of every transaction and know exactly how much money you’ve spent and where it’s going.

Although Brex Cash isn’t actually a bank, it offers a cash management account that performs all the functions of a business bank account with fewer fees. With this account, you can manage all of your transactions on one single online portal, including writing checks and making deposits. Because Brex Cash is not a bank, you can use your CMA to trade securities and make deposits. The service has raised $732.1 million in venture capital, making it one of the most comprehensive business bank accounts available.

Brex also offers a mobile app that makes it easy to manage your cash flow and track expenses. You can create as many as eight accounts in the dashboard or mobile app. You can keep investor funds separate from operational expenses. It is also free to send money abroad and has FDIC insurance up to $1750,000 in case of an account breach. It’s an excellent choice for small businesses in Ireland. While Brex Cash has a lot of advantages, it’s difficult to compare all of its features and benefits.

Cynergy Bank

If you are a startup in Ireland and need to open a business bank account, Cynergy Bank has a number of products for you to choose from. They offer a number of different business bank accounts for startups and SMEs, with a range of features including an overdraft and a Visa debit card. If you are unsure about which account is right for your business, read on to discover some of their most attractive features.

Cynergy Bank is a digital banking service run by the former British arm of the Bank of Cyprus. The bank has partnered with Google to launch a new digital banking platform, combining data, artificial intelligence and traditional relationship managers. They aim to be a trusted financial service provider to small businesses and professionals. While they may be small, they are able to provide high-quality service.

Using a business bank account is not mandatory in Ireland, but it can make life easier for your accountant. Mixing personal and business transactions can lead to higher bookkeeping fees. To find the right account for your needs, consider factors such as transaction fees, ease of payments, and restrictions. Whether you are a limited company or a sole trader, you will want to focus on the amount you spend on each transaction, the ease of making payments, and whether you need to pay additional fees for non-EU payments.


While opening a traditional business bank account with a large Irish bank can be a hassle, HSBC offers a variety of different business bank accounts that can help you start and grow your company. Some banks offer invoicing services and can even link your accounting software, so you can better organise your accounts. International banking services are another great benefit, with competitive international transfer fees and no or low fees for using your credit or debit cards overseas.

While HSBC has a number of great features for business bank accounts, you should consider how much flexibility you need before committing. For example, if you need to be able to handle international transfers, you’ll likely need a multi-currency account, while a small-business account is not as important. While HSBC offers a variety of business bank accounts for startups, you’ll be able to find one that suits your needs.

HSBC also offers several options for businesses that have high turnover. Those with a higher turnover should consider a business account with HSBC. Depending on the size of your business, you can also opt for a client currency account. A client currency account is specifically designed for companies that manage large amounts of client funds. If you’re a real estate agent, you can even open a business account with TSB, but you have to make sure that your company will not go overdrawn without prior consent.

Ulster Bank

If you are looking to open a bank account for your business, you should look into Ulster Bank business bank accounts for startups in the country. This institution offers a range of business services, including the ability to send and receive money internationally. If you want to send money overseas, however, you should be aware that transferring money internationally from your local bank can be expensive and complicated. If you are based in Northern Ireland, Ulster Bank offers business bank accounts for startups in the country.

Ulster Bank offers several different business bank accounts for startups in Ireland, including the Startup Bank Account, Business Banking, Not for Profit, and Foreign Currency Account. The bank was founded in 1836 and has more than one hundred and forty-four branches throughout Northern Ireland. It was acquired by NatWest in 1917 and became part of the Royal Bank of Scotland, or RBS. Since then, Ulster Bank has expanded its range of business bank accounts and services.

A business bank account is essential for any startup, as it allows a business to receive payments, pay employees, and more. You can do everything online or meet a relationship manager in person to open an account. It is a good idea to compare fees and transactions before committing to a business bank account. In addition to checking transaction fees, look for features like user-friendly reports and the ability to accept payments in different currencies.


SVB has many benefits for startups looking to open a bank account. The bank is headquartered in California, but has offices across the globe, including Ireland and the UK. The bank offers a variety of lending options, as well as management and financial advice. Its clients include technology companies, as well as high-net-worth individuals and commercial firms. Its online and mobile banking tools are robust and it offers strategic advice to help startup companies succeed.

The SVB is a powerhouse of the tech scene, with more than 50 per cent of all VC-backed companies in its portfolio. Its recent Irish lending includes $110m to 17 life sciences and tech startups. It has worked with Stripe, a payment startup, to create the Atlas system, which allows entrepreneurs from around the world to open bank accounts in the US. Its founder, Patrick Collison, is an advisor to the State Department and has served as CEO of several successful businesses.

SVB offers free business checking accounts, low-interest rates on business loans, and no fees on transfers. SVB also offers free business credit cards and loans. Their startup bank accounts are designed for high-volume transactions, with no additional fees or monthly minimums. Startups should opt for SVB if they’re serious about their finances. They’ll be glad to have access to a bank account that fits their needs and provides the security and peace of mind needed to continue running a business.

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.