Software Comparison

Bunq Business vs Wise Business - Irish business-banking Software Compared

Choosing between Bunq Business and Wise 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 Bunq Business View Wise Business

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

Quick Verdict

Bunq Business vs Wise Business - Feature Comparison

Feature	Bunq Business	Wise Business
Irish (IE) IBAN Issuance	Yes. Native Irish (IE) IBANs issued to Ireland-resident business customers, alongside optional NL, DE, FR, and ES IBANs on the same account.	No. Belgian (BE) EU IBAN issued to Irish businesses. No IE IBAN available.
Irish Bank Feeds (Xero, Sage, BrightBooks)	Not confirmed for major Irish platforms. 50-plus bookkeeping integrations advertised but direct feeds into Xero, Sage, and BrightBooks are less mature.	Yes. Confirmed direct integrations with Xero, QuickBooks, and FreeAgent for automatic transaction sync.
Multi-Currency and FX	Multi-country local IBANs (IE, NL, DE, FR, ES) on one account. Currency conversion available but FX rates are not positioned as mid-market.	Near mid-market FX rates across 40-plus currencies. Local account details in GBP, USD, EUR, AUD, NZD, and more.
Sub-Account Architecture	Up to 25 sub-accounts each with their own unique IBAN, suited to VAT segregation, payroll holding, supplier escrow, and project budgeting.	No equivalent multi-IBAN sub-account architecture published.
Deposit Protection	Up to EUR 100,000 under the Dutch Deposit Guarantee Scheme (DNB). Not covered by the Irish Deposit Guarantee Scheme.	Not a licensed bank. Balances are safeguarded under e-money regulations, not covered by any Deposit Guarantee Scheme.
Revenue and PAYE Modernisation	No Revenue ROS integration. No PAYE Modernisation support.	No Revenue ROS integration. No PAYE Modernisation support.
API and Automation Access	API and Zapier access available on Pro (EUR 13.99/month) and Elite (EUR 23.99/month) plans.	No API or Zapier access published for the business account.
Pricing
Starting Price	From €7.99/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 Bunq Business and Wise Business compare on the requirements that matter most to Irish SMEs.

Revenue Integration

Neither Bunq Business nor Wise 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

Bunq Business supports SEPA Credit Transfer, SEPA Direct Debit. Wise Business supports SEPA Credit Transfer, SEPA Direct Debit (incoming). Both support the same Irish banks, so bank compatibility is not a deciding factor here.

GDPR Data Residency

Both Bunq Business and Wise 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 Bunq Business and Wise 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 Bunq Business nor Wise 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.

Bunq Business

€7.99 /mo

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

View Bunq Business pricing →

Wise Business

Free

Pricing model: Usage-based
Free trial: Yes
EUR pricing guaranteed: Yes

View Wise Business pricing →

Wise 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 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

Who Should Choose Wise Business

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

✓ Those who prioritise user satisfaction - Wise Business has a higher editorial rating (4/5)
✓ Those who value: near mid-market fx rates across 40+ currencies
✓ Those who value: transparent, usage-based pricing

Our Verdict

Neither vendor offers Revenue ROS integration, PAYE Modernisation support, VAT handling, or Irish-based customer support, so both are best treated as current account or FX layers alongside dedicated Irish accounting software. Wise carries a usage-based pricing model with no monthly subscription beyond a one-off setup fee, making it lower cost for low-volume operators, while Bunq starts at EUR 7.99 per month on a flat subscription. Neither holds balances under the Irish Deposit Guarantee Scheme, a shared limitation Irish SMEs should weigh before using either as a primary banking relationship.

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 Bunq Business or Wise Business better for Irish SMEs?

Bunq Business is the stronger pick for Irish SMEs that operate across multiple European markets and want a single banking relationship covering Irish (IE), Dutch, German, French, and Spanish IBANs, paired with up to 25 sub-accounts for VAT segregation, payroll holding, and project budgeting. Wise Business wins for Irish exporters, agencies, and freelancers whose primary pain point is FX cost, offering near-mid-market rates across 40-plus currencies and confirmed direct bank feeds into Xero and QuickBooks that Bunq currently cannot match for the Irish market. The key Irish-specific differentiator is IBAN issuance: Bunq issues a native Irish (IE) IBAN to Ireland-resident businesses, whereas Wise issues a Belgian (BE) IBAN, which can create friction with some Irish counterparties and direct-debit originators who expect an IE IBAN. Neither vendor offers Revenue ROS integration, PAYE Modernisation support, VAT handling, or Irish-based customer support, so both are best treated as current account or FX layers alongside dedicated Irish accounting software. Wise carries a usage-based pricing model with no monthly subscription beyond a one-off setup fee, making it lower cost for low-volume operators, while Bunq starts at EUR 7.99 per month on a flat subscription. Neither holds balances under the Irish Deposit Guarantee Scheme, a shared limitation Irish SMEs should weigh before using either as a primary banking relationship.

Which is cheaper, Bunq Business or Wise Business?

Bunq Business starts at From €7.99/month, while Wise Business starts at Free tier available. Wise Business is the more affordable option at entry level, though total cost depends on the number of users and features you need.

Does Bunq Business or Wise Business have better Irish bank feeds?

Bunq Business supports SEPA Credit Transfer, SEPA Direct Debit. Wise Business supports SEPA Credit Transfer, SEPA Direct Debit (incoming). Both offer similar Irish bank compatibility.

Which has better GDPR compliance, Bunq Business or Wise Business?

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

Can I switch from Bunq Business to Wise Business?

Yes, migrating between Bunq Business and Wise 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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