Software Comparison

Bank of Ireland Business vs Revolut Business - Irish business-banking Software Compared

Choosing between Bank of Ireland Business 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 Bank of Ireland Business View Revolut Business

Last checked: 08 Jun 2026 data estimated for at least one vendor - confirm with the vendor Methodology

Quick Verdict

Bank of Ireland Business vs Revolut Business - Feature Comparison

Feature	Bank of Ireland Business	Revolut Business
Irish IBAN Issuance	Irish (IE) IBANs issued directly by Bank of Ireland, a Central Bank of Ireland regulated entity.	Irish (IE) IBANs issued via Revolut Bank UAB Irish branch, licensed by the European Central Bank through the Bank of Lithuania.
Deposit Protection	EUR 100,000 per eligible depositor under the Irish Deposit Guarantee Scheme.	EUR 100,000 per eligible depositor under the Lithuanian Deposit Insurance scheme, not the Irish Deposit Guarantee Scheme.
SEPA Payments	SEPA Credit Transfer and SEPA Direct Debit. Bulk payments via Business On Line (BOL) supporting pain.001 and pain.008 XML files.	SEPA Credit Transfer, SEPA Direct Debit, and SEPA Instant Credit Transfer (SCT Inst). No pain.001 or pain.008 bulk file upload confirmed.
Lending and Overdrafts	Full lending suite including overdrafts, term loans, and merchant services available.	No overdrafts or traditional business lending offered.
Branch Network and Cash Handling	Nationwide branch network across Ireland with in-person relationship managers and cash lodgement facilities.	No physical branches. Cash deposits not supported. Support is primarily in-app.
FX and Multi-Currency	FX available but less competitive than digital challengers. No native multi-currency account.	Hold and transact in 25+ currencies. Competitive interbank FX rates. Strong tooling for international-facing businesses.
Accounting Integrations and Bank Feeds	Bank feeds to Xero, Sage, QuickBooks, and BrightBooks. No Revenue ROS or PAYE Modernisation integration.	API and bank feed integrations with Xero, QuickBooks Online, and Sage. No Revenue ROS or PAYE Modernisation integration.

Irish Compliance and Pricing Matrix

A side-by-side data comparison of pricing and Irish regulatory compliance for Bank of Ireland Business and Revolut Business. Values are derived from each vendor's published data and verified weekly.

Requirement	Bank of Ireland Business	Revolut Business
Pricing
Starting price	From €6/month	From €10/month
Pricing model	Monthly flat rate	Monthly flat rate
EUR pricing guaranteed	✓	✓
Free trial	✗	✓
Irish Compliance
Revenue (ROS) integration	✗	✗
PAYE Modernisation	✗	✗
Irish bank feeds	✓	✓
Bank compatibility	SEPA Credit Transfer, SEPA Direct Debit, Pain.001, Pain.008	SEPA Credit Transfer, SEPA Instant
SEPA direct debit	✓	✓
Irish IBAN support	✓	✓
VAT handling	✗	✗
EU data residency (GDPR)	EU only	EU only
Irish support	✓	✓
Revenue-approved	✗	✗
CBI regulated	✓	✓

Pricing notes

Revolut Business: Basic from €10/month, Grow from €30/month, Scale from €90/month (verified on revolut.com/en-IE 2026-06-10). No free tier on current plans. - Source

Irish Compliance Comparison

For Irish businesses, compliance with Revenue, GDPR, and local banking standards is non-negotiable. Here is how Bank of Ireland Business and Revolut Business compare on the requirements that matter most to Irish SMEs.

Revenue Integration

Neither Bank of Ireland Business 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

Bank of Ireland Business supports SEPA Credit Transfer, SEPA Direct Debit, Pain.001, Pain.008. Revolut Business supports SEPA Credit Transfer, SEPA Instant. Bank of Ireland Business 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 Bank of Ireland Business 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 Bank of Ireland Business 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 Bank of Ireland Business 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 weekly, but always confirm on the vendor's website before purchasing.

Bank of Ireland Business

€6 /mo

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

View Bank of Ireland Business pricing →

Revolut Business

€10 /mo

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

View Revolut Business pricing →

At entry level, Bank of Ireland Business 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 Bank of Ireland Business

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

✓ Budget-conscious businesses - Bank of Ireland Business from €6/month
✓ 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: nationwide branch network

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 platform offers native Revenue ROS integration or PAYE Modernisation support, so both will need to be paired with dedicated Irish payroll and accountancy software. For day-to-day digital operations and FX-heavy invoicing, Revolut Business is the more frictionless option, but any business requiring credit facilities or face-to-face banking cannot substitute it for Bank of Ireland.

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 Bank of Ireland Business or Revolut Business better for Irish SMEs?

Bank of Ireland Business is the stronger choice for established Irish SMEs in construction, agriculture, hospitality, and retail that need physical branch access, overdraft facilities, traditional lending, and cash handling supported by sector-specialist relationship managers. Revolut Business wins for tech companies, agencies, e-commerce sellers, and international-facing SMEs that prioritise fast onboarding, low FX costs, SEPA Instant transfers, and modern integrations with Xero, QuickBooks, and Sage. Both issue Irish IBANs and support SEPA Credit Transfer and SEPA Direct Debit, and both carry EU data residency, but Bank of Ireland deposits are protected under the Irish Deposit Guarantee Scheme whereas Revolut Business deposits sit under the Lithuanian deposit insurance scheme, a meaningful distinction for businesses holding large balances. Neither platform offers native Revenue ROS integration or PAYE Modernisation support, so both will need to be paired with dedicated Irish payroll and accountancy software. For day-to-day digital operations and FX-heavy invoicing, Revolut Business is the more frictionless option, but any business requiring credit facilities or face-to-face banking cannot substitute it for Bank of Ireland.

Which is cheaper, Bank of Ireland Business or Revolut Business?

Bank of Ireland Business starts at From €6/month, while Revolut Business starts at From €10/month. Bank of Ireland Business is the more affordable option at entry level, though total cost depends on the number of users and features you need.

Does Bank of Ireland Business or Revolut Business have better Irish bank feeds?

Which has better GDPR compliance, Bank of Ireland Business or Revolut Business?

Bank of Ireland Business 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 Bank of Ireland Business to Revolut Business?

Yes, migrating between Bank of Ireland Business 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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