Software Comparison

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

Choosing between AIB Business Current Account and Revolut 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 Revolut Business

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

Quick Verdict

AIB Business Current Account vs Revolut Business - Feature Comparison

Feature	AIB Business Current Account	Revolut Business
Irish IBAN	Irish (IE) IBAN issued as standard by AIB, regulated by the Central Bank of Ireland (C21174).	Irish (IE) IBAN available via Revolut Bank UAB Irish branch, regulated by the Central Bank of Ireland (C494274).
Deposit Protection	Irish Deposit Guarantee Scheme up to EUR 100,000.	Lithuanian Deposit Insurance scheme up to EUR 100,000. Not covered under the Irish Deposit Guarantee Scheme.
Lending and Credit	Full lending suite: overdrafts, term loans, asset finance, merchant services, and SBCI Growth and Sustainability Loan Scheme access.	No overdrafts or business lending facilities.
SEPA and Payments	SEPA Credit Transfer, SEPA Direct Debit (creditor and debtor), bulk-payment file upload via pain.001 and pain.008. ROS Direct Debit supported for Revenue VAT3, PAYE, and Corporation Tax.	SEPA Credit Transfer and SEPA Instant Credit Transfer. SEPA Direct Debit supported. No bulk pain.001/pain.008 file upload confirmed. No ROS Direct Debit support.
FX and Multi-Currency	FX margins materially higher than digital challengers. Single euro account as primary.	25-plus currencies held natively. Competitive FX rates suited to international invoicing and cross-border payments.
Irish Bank Feeds and Accounting Integrations	Direct bank feeds to Xero, Sage Business Cloud Accounting, QuickBooks Online, and BrightBooks.	Direct bank feeds and API integrations to Xero, QuickBooks Online, and Sage. No BrightBooks integration confirmed.
Branch Network and Support	Physical branch network across Ireland, Irish-hours telephone support, and relationship-managed banking.	No physical branches. Customer support is primarily in-app. No cash deposit facility.
Pricing
Starting Price	From €4/month	Free tier available
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 Revolut Business compare on the requirements that matter most to Irish SMEs.

Revenue Integration

Neither AIB Business Current Account nor Revolut 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. Revolut Business supports SEPA Credit Transfer, SEPA Instant. AIB Business Current Account has broader Irish bank compatibility, which matters if you bank with SEPA Direct Debit or Pain.001 or Pain.008 - you will get automatic bank feeds or SEPA payment file support that Revolut Business cannot offer.

GDPR Data Residency

Both AIB Business Current Account and Revolut 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 Revolut 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 Revolut 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 →

Revolut Business

Free

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

View Revolut Business pricing →

Revolut Business does not publish entry-level pricing - request a quote directly. Total cost of ownership depends on users, plan tier, add-ons and features, so 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:

✓ Businesses banking with SEPA Credit Transfer, SEPA Direct Debit, Pain.001, Pain.008 who want reliable bank feed or payment file support
✓ Those who value: branch network across ireland and irish-hours telephone support
✓ Those who value: irish deposit guarantee scheme protection up to eur 100,000

Who Should Choose Revolut Business

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

✓ Those who prioritise user satisfaction - Revolut Business has a higher editorial rating (4.3/5)
✓ Those who value: fast online onboarding, typically days not weeks
✓ Those who value: irish iban available via revolut bank uab irish branch

Our Verdict

Neither vendor provides native Revenue ROS integration or PAYE Modernisation reporting, so both require a separate accounting or payroll platform for Irish tax compliance. In practice, many Irish SMEs in 2026 pair AIB for lending, cash handling, and large euro balances with Revolut Business for day-to-day operations and multi-currency invoicing.

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.

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Frequently Asked Questions

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

AIB Business Current Account wins for established Irish SMEs that need a full incumbent banking relationship: branch access, overdrafts, term loans, merchant services, and SBCI Growth and Sustainability Loan Scheme eligibility, all underpinned by an Irish (IE) IBAN and Irish Deposit Guarantee Scheme protection up to EUR 100,000. Revolut Business wins for tech-forward, internationally active, or newly launched Irish SMEs that prioritise fast onboarding, low FX fees, SEPA Instant transfers, and modern accounting integrations with Xero, QuickBooks, and Sage. A key Irish-specific differentiator is AIB's support for ROS Direct Debit set-up against an Irish IBAN, covering Revenue VAT3, PAYE, and Corporation Tax instalments, which Revolut Business does not offer. Neither vendor provides native Revenue ROS integration or PAYE Modernisation reporting, so both require a separate accounting or payroll platform for Irish tax compliance. In practice, many Irish SMEs in 2026 pair AIB for lending, cash handling, and large euro balances with Revolut Business for day-to-day operations and multi-currency invoicing.

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

AIB Business Current Account starts at From €4/month, while Revolut Business starts at Free tier available. Revolut Business 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 Revolut Business have better Irish bank feeds?

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

AIB Business Current Account stores data in EU data centres (GDPR-friendly). Revolut 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 Revolut Business?

Yes, migrating between AIB Business Current Account and Revolut 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.

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