AIB Business
Ireland's largest business bank with branch network, lending, and merchant services
EUR pricing guaranteed
Irish Compliance Assessment
3/6Direct connection to Revenue Online Service (ROS) for tax submissions
Real-time payroll reporting to Revenue as required since 2019
Irish IBAN issuance. Supports SEPA Credit Transfer and SEPA Direct Debit. Bulk payment file upload (pain.001/pain.008) via iBB and Business Internet Banking. Direct feeds to Xero, Sage, QuickBooks, and Surf Accounts.
SEPA XML: SEPA Credit Transfer, SEPA Direct Debit, Pain.001, Pain.008
None
Customer support available during Irish business hours
Overview
AIB Business provides current accounts, lending, merchant services, and cash management to Irish businesses of every size, from sole traders to large corporates. AIB is regulated by the Central Bank of Ireland, issues Irish IBANs as standard, and participates in the Irish Deposit Guarantee Scheme (EUR 100,000 per eligible depositor). AIB business current accounts provide Internet Business Banking (iBB), SEPA Credit Transfer and SEPA Direct Debit, bulk payment file upload, and direct bank feed support for Xero, Sage, QuickBooks, and Surf Accounts. AIB is best suited to Irish SMEs that value branch access, overdraft and term lending facilities, and a full relationship-managed banking service rather than a purely digital experience.
Vendors.ie Verdict
AIB Business is the default choice for Irish businesses that need the full range of traditional banking services - overdrafts, term loans, merchant services, and a branch network - alongside a current account. It is not the cheapest option, and the online banking experience lags behind Revolut or Wise, but deposit protection under the Irish Deposit Guarantee Scheme and deep integration with every major Irish accounting platform make it a safe, conservative choice. Most Irish SMEs benefit from pairing AIB (for lending, cash, and large balances) with a challenger like Revolut (for day-to-day spend and FX).
Pros & Cons
Pros
- Branch network across Ireland
- Irish Deposit Guarantee Scheme coverage
- Full lending, overdraft, and merchant services
- Bank feeds supported by all major Irish accounting platforms
- Irish-based customer support
Cons
- Per-transaction and maintenance fees add up
- Onboarding can take weeks for new businesses
- Legacy online banking UX compared to challenger banks
- Higher FX costs than fintech alternatives
Best For
Company Size
Sectors
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Head-to-Head Comparisons
Quick Facts
- Starting price
- From €4/mo
- Free trial
- No
- GDPR residency
- EU
- Revenue integration
- No
- PAYE Modernisation
- No
- Irish support
- Yes
Alternatives
Verification Notes
AIB is regulated by the Central Bank of Ireland and covered by the Irish Deposit Guarantee Scheme. Standard business current account maintenance fee from EUR 4.50/quarter plus per-transaction fees. SEPA Credit Transfer and SEPA Direct Debit supported. Bank feed compatibility confirmed with Xero, QuickBooks, Sage, and Surf Accounts. Not an accounting platform - no Revenue ROS or PAYE integration at the bank level.
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Get matchedPricing and feature data is indicative and may not reflect current vendor offerings. Always verify details directly with the vendor before purchasing.