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Business Bank Account

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  • 10-05-2024 7:11am
    #1
    The Soup Dragon
    Registered Users Posts: 25 ✭


    Who would be the beast / easiest bank to open a business bank account with for an Irish based business with no residents in the country?



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    #2
    Calahonda52
    Registered Users Posts: 12,391 ✭✭✭✭Calahonda52


    You may struggle withe AML requirements but I find the AIB business product easier than BOI

    “I can’t pay my staff or mortgage with instagram likes”.



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    #3
    JohnRock
    Registered Users Posts: 101 ✭✭JohnRock


    If you're a sole trader you can setup a business bank account with most banks online. They will require proof of address. There are quite a few business banks to choose from in Ireland.



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    #4
    piplip87
    Registered Users Posts: 2,122 ✭✭✭piplip87


    It all depends on the company structure, beneficial ownership and industry. You will probably need to go through additional checks to satisfy AML requirements and it will take a few weeks to get it through. Just make sure to have all documents ready, certificate of incorporation, register with the RBO etc.



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