Irish Business Bank FX & Fee Calculator
Model the real monthly and annual cost of five Irish business banking providers across your actual transaction mix. Compares Revolut Business, AIB, Bank of Ireland, Bunq and N26 on monthly fees, per-transfer charges, FX margin, and international wire costs.
Indicative cost comparison. Final pricing depends on your specific transaction profile and your bank's published fee schedule on the date you sign up.
Best fit for your inputs
N26 Business
Estimated cost: €0.00/month (€0/year). Plan modelled: Business Standard.
Does NOT issue an Irish (IE) IBAN. Some Irish suppliers and payroll providers prefer Irish IBANs - test compatibility before switching.
| Bank | Monthly fee | Transaction fees | FX cost | Intl transfers | Total / month | Total / year |
|---|---|---|---|---|---|---|
N26 Business Business Standard | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0 |
Revolut Business Basic | €0.00 | €7.00 | €25.00 | €0.00 | €32.00 | €384 |
Bunq Business Core | €7.99 | €0.00 | €12.50 | €25.00 | €45.49 | €546 |
AIB Business Current Account Business Current Account (post-fee-rebalance) | €1.50 | €8.00 | €68.75 | €16.00 | €94.25 | €1,131 |
Bank of Ireland Business Current Account Business Current Account | €5.00 | €24.00 | €62.50 | €20.00 | €111.50 | €1,338 |
What this calculator does not model
- Overdraft costs, term loans, business credit facilities, or merchant acquiring fees.
- Cash and coin handling fees - significant for retail and hospitality.
- Card scheme fees (interchange, scheme fees, acquirer markup) on incoming card payments.
- Interest earned on EUR balances or savings sub-accounts.
- Sector-specific regulatory requirements (e.g. solicitor client accounts, charity accounts).
- Mid-year changes to bank fee schedules. AIB is moving to monthly fees from 1 July 2026; verify against the linked schedules before deciding.
- Personal current account fees, only business current accounts are compared.
- Multi-currency holding fees on neobanks (typically zero on Revolut Basic, Bunq Core, N26 Standard).
Fee data verified 2026-05-23
- Revolut Business (Basic) - official fee schedule
- AIB Business Current Account (Business Current Account (post-fee-rebalance)) - official fee schedule
- Bank of Ireland Business Current Account (Business Current Account) - official fee schedule
- Bunq Business (Core) - official fee schedule
- N26 Business (Business Standard) - official fee schedule
- Calculator fee data lives in
src/data/calculator-data/business-bank-fees.json- update there when schedules change.
How to read your result
The calculator estimates a total monthly cost by adding up four cost lines per bank: the absolute monthly subscription, per-transfer charges on outbound SEPA credit transfers, an FX cost on the share of transactions in a non-euro currency, and international wire fees on cross-border transfers. The total annual cost is twelve times the monthly figure and ignores any sign-on offers, fee waivers, or one-off setup costs.
The best-fit recommendation prefers the cheapest provider, but breaks close ties (within EUR 50 per year) using a stage-fit score. A freelancer billing a few clients a month gets pushed toward Revolut or N26 even if a traditional Irish bank is within a few euro of the same total cost, because the onboarding speed and accounting-feed integration matter more at that stage. A mature SME gets pushed toward AIB or Bank of Ireland once the cost gap is small, because branch access, overdrafts, and Irish Deposit Guarantee Scheme cover become material.
What the calculator assumes
- Each provider is priced on its entry-tier business plan: Revolut Business Basic, AIB Business Current Account, Bank of Ireland Business Current Account, Bunq Core, and N26 Business Standard.
- 20 percent of foreign-currency transactions on AIB and Bank of Ireland incur an international wire fee. Neobank FX is treated as an in-platform exchange plus a single SEPA leg unless the included international transfer allowance is exceeded.
- Traditional banks apply their automated-transaction fee to local SEPA credit transfers; the calculator uses the per-credit-transfer fee where the published schedule itemises it separately.
- FX cost is the markup percentage applied to non-euro transaction volume once the included free FX allowance is exhausted. N26 Standard is treated as zero markup at the mid-market rate.
- Fee data is sourced from each provider's public fee schedule and the underlying numbers live in
src/data/calculator-data/business-bank-fees.json. Update that file when schedules change - no code changes required.
What it does not model
This calculator deliberately excludes overdraft fees, term loan margins, merchant acquiring fees, cash and coin handling, scheme fees on card payments, and interest earned on EUR balances. It does not model the AIB switch to a flat EUR 6 monthly personal fee from 1 July 2026 (the business schedule remains quarterly). It does not factor in sector-specific obligations like solicitor client accounts, charity board mandates, or section 84 deposit covers. Use the result as an indicative monthly opex line and verify the headline numbers against each provider's current schedule before opening an account.
Irish IBAN and deposit protection
Three of the five providers issue Irish (IE) IBANs to business customers: AIB, Bank of Ireland, and Revolut Business via its Revolut Bank UAB Irish branch. Bunq issues local IBANs across the EU including Ireland, and N26 issues German (DE) IBANs to all customers. Although the SEPA Regulation prohibits IBAN discrimination, some Irish suppliers, payroll providers, and SEPA Direct Debit creditor mandates still prefer or technically require Irish IBANs. Test compatibility with your payroll software, your top suppliers, and your SEPA Direct Debit creditor service provider before committing to a non-IE IBAN.
Deposit protection differs by provider. AIB and Bank of Ireland are covered by the Irish Deposit Guarantee Scheme up to EUR 100,000 per institution. Revolut Bank UAB deposits sit under the Lithuanian deposit insurance scheme at the same EUR 100,000 cap, N26 deposits under the German scheme, and Bunq under the Dutch scheme. The euro amount is the same but recovery experience and resolution timelines differ between schemes.
Next steps
Use the result to draft a shortlist of two providers. Open the recommended option first and keep a parallel account with a traditional Irish bank if your business needs lending, branch access, or significant cash handling. Confirm the direct bank feed with your accounting software before switching - Xero, Sage, QuickBooks, and BrightBooks publish supported Irish bank lists and the feed availability is the single biggest reconciliation-time saver in your software stack.
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What to look for
- Confirm Irish IBAN issuance before signing up - Revenue and SEPA Direct Debit mandates still prefer IE IBANs.
- Check that your bank's direct feed works with your accounting software (Xero, Sage, QuickBooks, BrightBooks).
- Model FX cost on real volume - the headline markup matters less than the included free allowance on each plan.
- Pair a digital-first account with a traditional Irish bank if you need lending, branch access, or significant cash deposits.
Common mistakes to avoid
- Choosing on monthly fee alone without factoring transaction volume and FX margin.
- Assuming any EU IBAN is treated the same by Irish suppliers and payroll providers.
- Overlooking which deposit insurance scheme covers your balances.
- Not verifying the accounting bank feed with your bookkeeper before switching accounts.
Related resources
- Best business banking in Ireland - the full category hub with all verified Irish business banking providers.
- Revolut Business profile - Irish IBAN via Revolut Bank UAB, SEPA Instant, integrations with Xero, QuickBooks, Sage.
- AIB Business profile - traditional Irish bank, branch access, Irish Deposit Guarantee Scheme cover.
- Bank of Ireland Business profile - traditional Irish bank with strongest lending capability.
- N26 Business profile - free Business Standard tier with German IBAN.
- Accounting software for Irish businesses - the category hub showing which Irish accounting platforms support direct bank feeds.
- Find my stack - AI-powered software stack recommender for Irish SMEs.
Results are indicative only and based on the information provided. Data may not reflect current vendor offerings and is subject to change. Always verify details directly with vendors before making purchasing decisions.