Software Comparison

AIB Business Current Account vs Bunq Business - Irish business-banking Software Compared

Choosing between AIB Business Current Account and Bunq Business is one of the most common decisions Irish businesses face when evaluating business-banking software. This comparison breaks down everything an Irish SME needs to know, from Revenue integration and GDPR data residency to pricing and ease of use.

View AIB Business Current Account View Bunq Business

Last verified: 25 May 2026 data verified to the older of the two vendor profiles Methodology

Quick Verdict

AIB Business Current Account vs Bunq Business - Feature Comparison

Feature	AIB Business Current Account	Bunq Business
Irish IBAN	Irish (IE) IBAN issued as standard by AIB, a CBI-regulated Irish credit institution.	Irish (IE) IBAN available to Ireland-resident business customers via bunq B.V.'s local-IBAN architecture, alongside optional NL, DE, FR, and ES IBANs on the same account.
Deposit Protection	Irish Deposit Guarantee Scheme, up to EUR 100,000 per eligible depositor.	Dutch Deposit Guarantee Scheme (De Nederlandsche Bank), up to EUR 100,000. Not covered by the Irish Deposit Guarantee Scheme.
Irish Bank Feeds	Direct bank feeds to Xero, Sage Business Cloud Accounting, QuickBooks Online, and BrightBooks.	No confirmed direct bank feeds to Xero, Sage, or BrightBooks. API and Zapier access available on Pro and Elite plans.
Lending and Overdrafts	Full lending suite including overdrafts, term loans, asset finance, merchant services, and SBCI Growth and Sustainability Loan Scheme access.	No overdrafts, term loans, or lending facility of any kind.
ROS Direct Debit and SEPA XML	ROS Direct Debit set-up supported against an Irish IBAN for Revenue VAT3, PAYE, and Corporation Tax instalments. Bulk-payment file upload via pain.001 and pain.008.	SEPA Credit Transfer and SEPA Direct Debit supported. No pain.001 or pain.008 bulk-file upload. No confirmed ROS Direct Debit set-up.
Irish Support	Branch network across Ireland plus Irish-hours telephone support.	App and web support only. No Irish-based customer support and no branch network.
Sub-accounts and Multi-country IBANs	Single Irish IBAN business account. No multi-country IBAN or sub-account architecture.	Up to 25 sub-accounts each with their own IBAN. Optional local IBANs for NL, DE, FR, and ES on the same business account alongside the IE IBAN.
Pricing
Starting Price	From €4/month	From €7.99/month
Free Trial	✗	✓
Irish Compliance
Revenue Integration	✗	✗
PAYE Modernisation	✗	✗
Irish Bank Feeds	✓	✗
GDPR Data Residency	EU	EU
SEPA Direct Debit	✓	✓
Irish IBAN Support	✓	✓
VAT Handling	✗	✗

Irish Compliance Comparison

For Irish businesses, compliance with Revenue, GDPR, and local banking standards is non-negotiable. Here is how AIB Business Current Account and Bunq Business compare on the requirements that matter most to Irish SMEs.

Revenue Integration

Neither AIB Business Current Account nor Bunq Business offers native Revenue Online Service integration. Irish businesses in business-banking may not need this feature directly, but should ensure their accounting software handles Revenue compliance separately.

Irish Bank Feeds

AIB Business Current Account supports SEPA Credit Transfer, SEPA Direct Debit, Pain.001, Pain.008. Bunq Business supports SEPA Credit Transfer, SEPA Direct Debit. AIB Business Current Account has broader Irish bank compatibility, which matters if you bank with Pain.001 or Pain.008 - you will get automatic bank feeds or SEPA payment file support that Bunq Business cannot offer.

GDPR Data Residency

Both AIB Business Current Account and Bunq Business store data in EU data centres, providing strong GDPR compliance out of the box. Irish businesses can use either platform without worrying about cross-border data transfers to the US or other non-EU jurisdictions.

SEPA and IBAN Support

Both AIB Business Current Account and Bunq Business support SEPA Direct Debit and Irish IBAN format. This means you can process euro payments, set up direct debits, and handle bank transfers in the standard European format without any manual workarounds.

VAT Handling

Neither AIB Business Current Account nor Bunq Business handles Irish VAT directly. This is expected for business-banking tools - your accounting software should manage VAT compliance.

Pricing Comparison

All prices below are in euro. Pricing can change - we verify vendor pricing monthly, but always confirm on the vendor's website before purchasing.

AIB Business Current Account

€4 /mo

Pricing model: Flat rate
Free trial: No
EUR pricing guaranteed: Yes

View AIB Business Current Account pricing →

Bunq Business

€7.99 /mo

Pricing model: Flat rate
Free trial: Yes
EUR pricing guaranteed: Yes

View Bunq Business pricing →

At entry level, AIB Business Current Account is the more affordable option. However, total cost of ownership depends on the number of users, add-ons, and features your business requires. Always calculate the full annual cost for your team size before committing.

Who Should Choose AIB Business Current Account

AIB Business Current Account is the better fit if your business matches one or more of these profiles:

✓ Budget-conscious businesses - AIB Business Current Account starts at just €4/month
✓ Companies that value Irish-based phone and email support
✓ Businesses banking with SEPA Credit Transfer, SEPA Direct Debit, Pain.001, Pain.008 who want reliable bank feed or payment file support
✓ Growing businesses with 21-50 employees that need a platform which scales

Who Should Choose Bunq Business

Bunq Business is the better fit if your business matches one or more of these profiles:

✓ Those who value: irish (ie) iban available to ireland-resident business customers
✓ Those who value: up to 25 sub-accounts with their own ibans for vat, payroll, project segregation
✓ Those who value: published sustainability programme - one tree planted per eur 100 of card spend

Our Verdict

Neither vendor offers native Revenue ROS integration or PAYE Modernisation support at the bank level, which is a shared limitation Irish SMEs should account for by pairing either bank with dedicated payroll or accounting software. Bunq deposit protection falls under the Dutch Deposit Guarantee Scheme rather than the Irish scheme, and Bunq carries no Irish-based support or lending facility, which disqualifies it as a primary bank for most established Irish SMEs.

Ultimately, the best choice depends on your specific business needs, team size, and priorities. We recommend taking advantage of free trials from both vendors before making your final decision. If you are working with an Irish accountant or payroll bureau, ask which platform they prefer - their familiarity with the software can save you significant time and hassle during setup and ongoing support.

Not sure which is right for you?

Our AI-powered recommendation engine analyses your business size, sector, and priorities to suggest the best software stack for your Irish business - in under 60 seconds.

Try Our Free Recommendation Tool →

Frequently Asked Questions

Is AIB Business Current Account or Bunq Business better for Irish SMEs?

AIB Business Current Account wins for the typical Irish SME that needs a full incumbent banking relationship: branch access, overdrafts, term lending, merchant services, SBCI scheme access, and an Irish (IE) IBAN backed by Irish Deposit Guarantee Scheme cover up to EUR 100,000. The ROS Direct Debit set-up against an Irish IBAN is a practical differentiator for businesses paying VAT3, PAYE, and Corporation Tax instalments directly from their bank account, and native direct bank feeds to Xero, Sage, QuickBooks Online, and BrightBooks mean reconciliation works out of the box with the dominant Irish accounting platforms. Bunq Business suits ESG-conscious Irish SMEs and cross-border operators who want a single account covering Irish, Dutch, German, French, and Spanish IBANs, with up to 25 sub-accounts for VAT segregation, payroll holding, or project budgeting - and a published sustainability programme that may matter to businesses whose own buyers track climate commitments. Neither vendor offers native Revenue ROS integration or PAYE Modernisation support at the bank level, which is a shared limitation Irish SMEs should account for by pairing either bank with dedicated payroll or accounting software. Bunq deposit protection falls under the Dutch Deposit Guarantee Scheme rather than the Irish scheme, and Bunq carries no Irish-based support or lending facility, which disqualifies it as a primary bank for most established Irish SMEs.

Which is cheaper, AIB Business Current Account or Bunq Business?

AIB Business Current Account starts at From €4/month, while Bunq Business starts at From €7.99/month. AIB Business Current Account is the more affordable option at entry level, though total cost depends on the number of users and features you need.

Does AIB Business Current Account or Bunq Business have better Irish bank feeds?

Which has better GDPR compliance, AIB Business Current Account or Bunq Business?

AIB Business Current Account stores data in EU data centres (GDPR-friendly). Bunq Business stores data in EU data centres (GDPR-friendly). Both offer EU data centre options, though configuration may be required.

Can I switch from AIB Business Current Account to Bunq Business?

Yes, migrating between AIB Business Current Account and Bunq Business is possible. Most business-banking platforms allow you to export your data in CSV or standard formats. We recommend working with your accountant or IT provider to plan the migration, ideally at the start of a new financial year or payroll period to minimise disruption.

Not sure which one fits?

Share your email and we'll send tailored guidance based on this comparison.