Software Comparison

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

Choosing between AIB Business and AIB Business Current Account 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 View AIB Business Current Account

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

Quick Verdict

AIB Business vs AIB Business Current Account - Feature Comparison

Feature	AIB Business	AIB Business Current Account
Irish IBAN Issuance	Irish (IE) IBAN issued as standard.	Irish (IE) IBAN issued as standard. ROS Direct Debit set-up confirmed against Irish IBAN for Revenue VAT3, PAYE, and Corporation Tax instalments.
SEPA Compatibility	SEPA Credit Transfer and SEPA Direct Debit. Bulk-payment file upload via pain.001 and pain.008 through Internet Business Banking.	SEPA Credit Transfer and SEPA Direct Debit (as creditor and debtor). Bulk-payment file upload via pain.001 and pain.008 through Internet Business Banking.
Irish Bank Feeds	Direct feeds to Xero, Sage, QuickBooks, and BrightBooks.	Direct feeds to Xero, Sage Business Cloud Accounting, QuickBooks Online, and BrightBooks.
Lending and SBCI Access	Overdrafts, term loans, asset finance, and merchant services available. No explicit SBCI scheme reference.	Overdrafts, term loans, asset finance, and merchant services available. Confirmed participation in SBCI Growth and Sustainability Loan Scheme for current account holders.
Revenue and PAYE Integration	No Revenue ROS or PAYE Modernisation integration at the bank level.	No Revenue ROS or PAYE Modernisation integration at the bank level.
Sector Coverage	Retail, Construction, Hospitality, Professional Services, Manufacturing.	Retail, Construction, Hospitality, Professional Services, Manufacturing, Agriculture.
Data Confidence and Verification	Last verified April 2026. Editorial estimate.	Last verified May 2026. Verified against published AIB fees and charges page and product page.
Pricing
Starting Price	From €4/month	From €4/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 and AIB Business Current Account compare on the requirements that matter most to Irish SMEs.

Revenue Integration

Neither AIB Business nor AIB Business Current Account 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 supports SEPA Credit Transfer, SEPA Direct Debit, Pain.001, Pain.008. AIB Business Current Account supports SEPA Credit Transfer, SEPA Direct Debit, Pain.001, Pain.008. Both support the same Irish banks, so bank compatibility is not a deciding factor here.

GDPR Data Residency

Both AIB Business and AIB Business Current Account 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 and AIB Business Current Account 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 nor AIB Business Current Account 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

€4 /mo

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

View AIB Business pricing →

AIB Business Current Account

€4 /mo

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

View AIB Business Current Account pricing →

Both AIB Business and AIB Business Current Account are similarly priced at entry level. The real cost difference emerges as you add users, upgrade plans, or bolt on additional features - so calculate your full annual cost before committing.

Who Should Choose AIB Business

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

✓ Those who prioritise user satisfaction - AIB Business has a higher editorial rating (4.1/5)
✓ Those who value: branch network across ireland
✓ Those who value: irish deposit guarantee scheme coverage

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:

✓ 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
✓ Those who value: full lending suite: overdrafts, term loans, asset finance, merchant services, sbci on-lending

Our Verdict

Neither listing includes native Revenue or PAYE Modernisation integration at the bank level, which remains a shared limitation for both. Both accounts support SEPA Credit Transfer, SEPA Direct Debit, pain.001 and pain.008 bulk-payment file upload, and direct bank feeds to Xero, Sage, QuickBooks, and BrightBooks, so there is no functional difference in day-to-day accounting connectivity.

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 or AIB Business Current Account better for Irish SMEs?

AIB Business and AIB Business Current Account are two editorial listings for the same underlying Allied Irish Banks product, regulated by the Central Bank of Ireland under reference C21174 and covered by the Irish Deposit Guarantee Scheme up to EUR 100,000. For the typical Irish SME choosing between these two listings, the AIB Business Current Account entry is the stronger reference point: it carries a more recent verification date (May 2026 versus April 2026), includes the two-year fee waiver for Business Start-Up customers, explicitly confirms ROS Direct Debit set-up against an Irish IBAN for Revenue VAT3, PAYE, and Corporation Tax instalments, and adds Agriculture as a covered sector alongside SBCI Growth and Sustainability Loan Scheme access. Neither listing includes native Revenue or PAYE Modernisation integration at the bank level, which remains a shared limitation for both. Both accounts support SEPA Credit Transfer, SEPA Direct Debit, pain.001 and pain.008 bulk-payment file upload, and direct bank feeds to Xero, Sage, QuickBooks, and BrightBooks, so there is no functional difference in day-to-day accounting connectivity.

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

AIB Business starts at From €4/month, while AIB Business Current Account starts at From €4/month. Both are similarly priced at entry level, so the best value depends on which features matter most to your business.

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

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

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

Yes, migrating between AIB Business and AIB Business Current Account 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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