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business-banking Data estimated - verify with vendor Last checked June 2026 Last automated check on 2026-06-08. This vendor's data is estimated and has not yet been confirmed against the vendor's live pages by the Vendors.ie team.

AIB Business

Ireland's largest business bank with branch network, lending, and merchant services

From €4/month

EUR pricing guaranteed

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Irish Compliance Assessment

Verified pass Partial · caveats Not supported
-

Revenue Integration

No native Revenue Online Service (ROS) connection. Tax submissions must be exported and filed manually, or handled via a paired Irish accounting tool.

verified 2026-06-08 · scope: not supported
-

PAYE Modernisation

Not a payroll product. Real-time PAYE reporting required since 2019 is out of scope.

verified 2026-06-08 · scope: not a payroll product
✓

Irish Bank Feeds

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 BrightBooks.

verified 2026-06-08 · SEPA Credit Transfer / SEPA Direct Debit / Pain.001 / Pain.008
✓

SEPA / Irish IBAN

SEPA Direct Debit and Irish IBAN supported natively. SEPA XML export available.

verified 2026-06-08 · native SEPA
-

VAT Handling

Irish VAT rates are not handled natively. Manual workarounds required.

verified 2026-06-08 · scope: not supported
✓

Irish Support

Customer support available during Irish business hours. Email, phone, or chat as published by the vendor.

verified 2026-06-08 · Irish hours
GDPR Data Residency EU data centres verified 2026-06-08

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 BrightBooks. 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.

Compliance reference

Compliance vocabulary for AIB Business

Irish terms that shape how this software is bought, configured, and audited.

See the full Irish compliance glossary →

Editor's verdict: Pass

Editor's verdict on AIB Business

stamped 2026-06-08

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).

Irish tax & banking compliance

AIB Business Irish tax & banking compliance3 of 6 pass
CRO active
Revenue integration
PAYE Modernisation
Irish bank feeds
GDPR (EU residency)
Irish support
AIB Business Irish tax & banking compliance
CriterionStatusNote
CRO activeNot met
Revenue integrationNot met
PAYE ModernisationNot met
Irish bank feedsPass
GDPR (EU residency)Pass
Irish supportPass

Pros and 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

1-5 employees6-20 employees21-50 employees51-200 employees200+ employees

Sectors

RetailConstructionHospitalityProfessional ServicesManufacturing

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Head-to-Head Comparisons

Each card surfaces the single most decisive fact between the two vendors, dated and sourced.

AIB BusinessvsAIB Business Current Account
Open →
AIB BusinessRated 4.1
AIB Business Current AccountRated 3.8

Two close matches.pick on accountant familiarity and Irish support.

verified 2026-06-08Read full comparison →
AIB BusinessvsBank of Ireland Business
Open →
AIB BusinessRated 4.1
Bank of Ireland BusinessRated 4.1

Two close matches.pick on accountant familiarity and Irish support.

verified 2026-06-08Read full comparison →
AIB BusinessvsBunq Business
Open →
AIB BusinessRated 4.1
Bunq BusinessRated 3.8

Two close matches.pick on accountant familiarity and Irish support.

verified 2026-06-08Read full comparison →
AIB BusinessvsFire Business Account
Open →
AIB Business€4/mo
Fire Business Account€10/mo

The price gap drives the decision.AIB Business wins on price. The other product earns its premium through deeper compliance or a wider feature set.

verified 2026-06-08Read full comparison →
AIB BusinessvsN26 Business
Open →
AIB Business€4/mo
N26 BusinessFree

The price gap drives the decision.N26 Business wins on price. The other product earns its premium through deeper compliance or a wider feature set.

verified 2026-06-08Read full comparison →
AIB BusinessvsStripe
Open →
AIB Business€4/mo
StripeFree

The price gap drives the decision.Stripe wins on price. The other product earns its premium through deeper compliance or a wider feature set.

verified 2026-06-08Read full comparison →
AIB BusinessvsRevolut Business
Open →
AIB Business€4/mo
Revolut Business€10/mo

The price gap drives the decision.AIB Business wins on price. The other product earns its premium through deeper compliance or a wider feature set.

verified 2026-06-08Read full comparison →
AIB BusinessvsWise Business
Open →
AIB Business€4/mo
Wise BusinessFree

The price gap drives the decision.Wise Business wins on price. The other product earns its premium through deeper compliance or a wider feature set.

verified 2026-06-08Read full comparison →

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Pricing and feature data is indicative and may not reflect current vendor offerings. Always verify details directly with the vendor before purchasing.