business-banking Data estimated - verify with vendor Verified May 2026 Verified against the vendor's live pricing and compliance pages by the Vendors.ie team on 2026-05-25.

AIB Business Current Account

Incumbent Irish business current account with branch network, Irish IBAN, and SBCI lending access

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 2026-05-25 · scope: not supported
-

PAYE Modernisation

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

verified 2026-05-25 · scope: not a payroll product
✓

Irish Bank Feeds

Irish (IE) IBAN issuance. Supports SEPA Credit Transfer, SEPA Direct Debit (as creditor and debtor), and bulk-payment file upload (pain.001 / pain.008) via Internet Business Banking. Direct bank feeds to Xero, Sage Business Cloud Accounting, QuickBooks Online, and BrightBooks. ROS Direct Debit set-up supported against an Irish IBAN for Revenue VAT3, PAYE, and Corporation Tax instalments.

verified 2026-05-25 · 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 2026-05-25 · native SEPA
-

VAT Handling

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

verified 2026-05-25 · scope: not supported
✓

Irish Support

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

verified 2026-05-25 · Irish hours
GDPR Data Residency EU data centres verified 2026-05-25

Overview

The AIB Business Current Account is the product-level current account offered by Allied Irish Banks p.l.c. to Irish SMEs, sole traders, and limited companies. AIB is regulated by the Central Bank of Ireland (registration C21174), issues Irish (IE) IBANs as standard, and is a participating institution in the Irish Deposit Guarantee Scheme covering eligible deposits up to EUR 100,000. The account ships with Internet Business Banking (iBB), SEPA Credit Transfer, SEPA Direct Debit, bulk-payment file upload (pain.001 / pain.008), and direct bank feeds to Xero, Sage, QuickBooks Online, and BrightBooks. AIB Business Start-Up customers get the first two years of maintenance and transaction fees waived (excluding cash handling), and current account holders gain access to AIB lending under the SBCI Growth and Sustainability Loan Scheme. AIB Business Current Account is best suited to Irish SMEs that value branch banking, overdraft and term-lending facilities, ROS Direct Debit set-up against an Irish IBAN, and a relationship-managed banking service rather than a purely digital experience.

Editor's verdict on AIB Business Current Account

stamped 2026-05-25

The AIB Business Current Account is the conservative default for Irish SMEs that need a full incumbent banking relationship - branch access, overdrafts, term lending, merchant services, and SBCI scheme access - alongside an Irish (IE) IBAN. It is not the cheapest account and the digital experience trails Revolut Business, but the combination of Irish Deposit Guarantee Scheme cover, deep accounting-platform integrations, and the SBCI lending channel makes it the right primary bank for established Irish businesses, construction and hospitality firms handling cash, and any SME planning to draw down working-capital or growth lending. Most Irish SMEs in 2026 pair AIB (for lending, cash, and large balances) with a digital challenger (for FX and day-to-day operations).

Irish compliance score

AIB Business Current Account Irish compliance score3 of 6 pass
CRO active
Revenue integration
PAYE Modernisation
Irish bank feeds
GDPR (EU residency)
Irish support
AIB Business Current Account Irish compliance score
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 and Irish-hours telephone support
  • Irish Deposit Guarantee Scheme protection up to EUR 100,000
  • Full lending suite: overdrafts, term loans, asset finance, merchant services, SBCI on-lending
  • Native bank feeds to Xero, Sage, QuickBooks, and BrightBooks
  • Two-year fee waiver for Business Start-Up customers
  • ROS Direct Debit set-up works cleanly against an Irish IBAN

Cons

  • Quarterly maintenance plus per-transaction fees add up against a free challenger account
  • Onboarding can take weeks for new limited companies
  • Internet Business Banking UX lags behind Revolut or Wise
  • FX margins materially higher than Wise or Revolut for international invoicing
  • Branch network has thinned since 2021 - confirm local branch hours before relying on counter service

Best For

Company Size

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

Sectors

RetailConstructionHospitalityProfessional ServicesManufacturingAgriculture

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Head-to-Head Comparisons

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

AIB Business Current AccountvsBank of Ireland Business
Open →
AIB Business Current AccountRated 3.8
Bank of Ireland BusinessRated 4.1

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

verified 2026-05-25Read full comparison →
AIB Business Current AccountvsBunq Business
Open →
AIB Business Current AccountRated 3.8
Bunq BusinessRated 3.8

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

verified 2026-05-25Read full comparison →
AIB Business Current AccountvsN26 Business
Open →
AIB Business Current Account€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 2026-05-25Read full comparison →
AIB Business Current AccountvsRevolut Business
Open →
AIB Business Current Account€4/mo
Revolut BusinessFree

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

verified 2026-05-25Read full comparison →
AIB Business Current AccountvsWise Business
Open →
AIB Business Current Account€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 2026-05-25Read full comparison →
AIB Business Current AccountvsAIB Business
Open →
AIB Business Current AccountRated 3.8
AIB BusinessRated 4.1

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

verified 2026-05-25Read full comparison →

Verification Notes

REVIEW NEEDED: The stored data is mostly current, but pricing appears outdated: AIB’s business fees page still shows quarterly account fees, with the current Business Account maintenance fee listed at €4.50 per quarter in the published fee schedule, while AIB also announced a new personal current account monthly fee from July 2026 (not the business account). The business current account page structure and banking features remain in line with the stored integration/support claims. I found no evidence in the supplied current sources that the business account now has Revenue/ROS integration or PAYE Modernisation support, and the Irish support/EU data residency claims appear unchanged. Suggested (non-applyable): stored_pricing

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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.