Company Bank Account in Ireland open one for your new company
A company is its own legal person, so it needs its own bank account. Opening one can feel slow, because banks must run strict identity and anti-money-laundering checks. We help you prepare a complete, accurate application and point you to a provider that fits, so you spend less time chasing.
Why your company needs its own account
It’s a separate legal person
Company money belongs to the company. Mixing it with your personal account causes trouble with the law and with Revenue.
Cleaner books and tax
Every payment in and out is clearly the company’s, which makes accounts, VAT and your tax return far easier.
You need it to trade
Customers pay into it, and you pay suppliers, VAT, payroll and corporation tax out of it.
High-street bank or online provider?
Neither is always better. Here’s how they typically differ.
| Irish high-street bank | Online bank or e-money provider | |
|---|---|---|
| Best for | Companies that want a full banking relationship, lending and a local branch | Start-ups, online sellers and international payments |
| Opening process | Detailed checks, and often an in-person ID meeting with a director | Usually fully online, though checks are still strict |
| Deposit protection | Deposits are covered by the Deposit Guarantee Scheme, up to €100,000 per depositor per bank | Funds are normally safeguarded rather than covered by the scheme, so check the provider’s terms |
| Typical speed | Can take several weeks | Often quicker, but not guaranteed |
What banks will ask for
Having this ready before you apply is the single biggest time-saver.
About the company
- Certificate of incorporation and constitution
- Registered office address
- A clear description of what the company does
- Expected turnover and who you’ll trade with
- Tax registration details, where you already have them
About the people
- Photo ID for every director
- Proof of address, such as a recent utility bill
- Details of anyone owning 25% or more of the company
- Where the money in the company comes from
- PPS number or IPN for directors, where requested
From certificate to working account
Register the company
You need your certificate before most providers will start.
We prepare your pack
Documents checked, consistent and complete.
Provider checks
Identity and anti-money-laundering review.
Account live
Often a few weeks from your first application.
Why applications get stuck
Business bank account questions
Can I open a company account before the company is registered?
Do I have to meet the bank in person?
Can you guarantee my application will be approved?
Can a non-resident director open an Irish account?
Let’s get your company banking
Tell us about your company and where your directors live. We’ll explain your realistic options and get your application ready.
General information only. Account approval is always at the provider’s discretion. Deposit protection details: check the provider’s terms.