Rates last updated: 29 October 2026 · How we verify
Revolut Business Review for Irish Limited Companies (2026): Plans, Fees and Tax
Open your Revolut Business account here
If you've just set up a limited company in Ireland, the first practical problem is a business bank account, and the traditional banks can take weeks. Revolut Business opens online, gives the company an Irish IBAN and is cheap if you pick the right plan. We look at it the way we look at our clients' companies: what it really costs at your volume of payments, who can actually open one (sole traders, read the second section), and the tax points that come up at year end. Prices and allowances are as published on Revolut's Irish pages on 29 October 2026.
- Revolut Business gives Irish companies an IE IBAN, with deposits covered to €100,000 by the Lithuanian scheme: open your account here.
- Plans start at €10 a month (Basic); Grow is €35 a month or from €30 billed annually, Scale from €90, Enterprise is custom.
- Revolut doesn't open Revolut Business for Irish sole traders: they're pointed to Revolut Pro, inside the personal app.
What Revolut Business is in Ireland
- Your company contracts with Revolut Bank UAB through its Irish branch in Dublin 1: a Lithuanian-licensed bank, with Irish conduct rules applied by the Central Bank.
- Irish companies have had IE IBANs since mid-2023; the current account itself pays no interest.
- The contract. Revolut's Business Terms for Ireland name Revolut Bank UAB acting via its Irish branch at 2 Dublin Landings (Revolut Business Terms).
- Irish IBAN. Revolut announced IE IBANs for Irish corporate clients on 30 May 2023 and moved existing clients to the Irish branch over the following months, so your customers, Revenue and your payroll see an Irish account (Revolut).
- Deposit cover. Company deposits are covered up to €100,000 per depositor by Lithuania's deposit insurance scheme, across all accounts with Revolut Bank UAB (Revolut). A company holding more than that should spread cash across banks.
- Not an Irish-only product. A company registered elsewhere in the EEA can apply too, as long as it meets Revolut's residence and presence rules.
Sole trader? You'll be sent to Revolut Pro
- Revolut's own comparison page doesn't list Ireland among the countries where freelancers can open Revolut Business; Irish sole traders use Revolut Pro.
- Pro sits inside the personal Revolut app, for self-employed people trading in their own name, and is priced by your personal plan, free on Standard.
- Why it matters. A sole trader isn't a separate legal person, so for tax the business account is your money: profits go on your own Form 11, whichever account the income lands in (Revolut Pro vs Business).
- How to get Pro. Open a personal Revolut account and switch on Pro in the app. If you don't have one yet, open your Revolut account at this link; our Revolut review for Ireland covers the personal plans.
- Keep it separate anyway. Revenue doesn't require a sole trader to have a business account, but one account for business income and costs makes your Form 11 and any VAT returns much faster to prepare. Our Form 11 guide explains the return.
Revolut Business plans and fees
- The plans differ mainly in free transfers, the amount of currency exchanged at the interbank rate each month, and access to the API and expense tools.
- Beyond the allowances it's €0.20 per local transfer, €5 per international transfer and 0.6% on exchange.
| Basic | Grow | Scale | Enterprise | |
|---|---|---|---|---|
| Price | €10/month | €35/month, or from €30/month billed annually | From €90/month billed annually | Custom |
| Free local transfers a month | 10 | 100 | 1,000 | Custom |
| Free international transfers a month | 0 | 5 | 25 | Custom |
| Exchange at interbank rate a month | €1,000 | €15,000 | €60,000 | Custom |
| Business savings (AER, variable) | 1% | 1.1% | 1.3% | 1.75% |
| API access | No | Yes | Yes | Yes |
- Over the allowance. €0.20 per local transfer and €5 per international transfer, 0.6% on exchange above the monthly amount, and 1% more on exchange outside market hours. Transfers to other Revolut accounts are free and unlimited (Revolut Grow fees).
- Add-ons on Grow. The Expenses app is €8 and the Payroll app €3 per active team member a month; ATM withdrawals cost 2%.
- Taking card payments. In person from 0.8% + €0.02 on EEA consumer cards and online from 1% + €0.20; payment links need a merchant account. Revolut sells its own card reader and the Revolut Terminal, €189 plus VAT (Revolut).
- Prices change. Plan prices and allowances are on Revolut's Irish plans page; check it, and the fee schedule in the app, before you choose.
Worked example: what a small consultancy pays
- A one-person company making 30 local transfers, 3 international transfers and €5,000 of exchange a month pays about €53 a month on Basic and €35 on Grow.
- The cheapest plan on paper isn't the cheapest once the allowances run out.
Starting data (assumptions): Aoife's IT consultancy is an Irish LTD with one director. Each month it pays 30 suppliers and staff by local transfer, sends 3 payments abroad and converts €5,000 into dollars, all on weekdays. Fees are as published on 29 October 2026; the Basic over-allowance fees are taken as the same as the published Grow ones.
| Monthly cost | Basic | Grow (monthly billing) |
|---|---|---|
| Plan | €10 | €35 |
| Local transfers over the allowance | (30 − 10) × €0.20 = €4 | €0 (100 included) |
| International transfers | 3 × €5 = €15 | €0 (5 included) |
| Exchange over the allowance | (€5,000 − €1,000) × 0.6% = €24 | €0 (€15,000 included) |
| Total a month | €10 + €4 + €15 + €24 = €53 | €35 |
| Total a year | €53 × 12 = €636 | €35 × 12 = €420 |
Account fees are a business expense of the company, so they reduce its taxable profit. They don't change which plan is cheaper. At this volume Grow saves €216 a year before any annual-billing discount.
Opening a Revolut Business account in Ireland
- You need an active, incorporated company (CRO number), ID and a video selfie, proof of activity and address, and the directors and shareholders over 25%.
- Revolut aims to review applications quickly; its Irish help pages allow up to 5 business days.
- Check eligibility. The company must be registered and physically present in a supported country, Ireland included, and fully incorporated. Charities, public sector bodies and cooperatives can't open one, and some industries aren't supported, such as gambling, crypto, debt collection and businesses holding client money (Revolut).
- Have the CRO details ready: registered name, legal form, address, trading name, registration date, status and company number (Revolut).
- Prepare the documents: certificate of incorporation, proof of business activity (a website, a contract, or an invoice with a bank statement), proof of the operating address, and the list of directors and shareholders over 25%.
- Apply online: open your Revolut Business account at this link.
- Give Revolut the company's tax reference once you have it, for the savings interest point below.
Tax points for your company account
- Company deposit interest is exempt from DIRT once the bank has the company's tax reference number; it's taxed in the company at 25% instead.
- Revolut's invoicing tool is a convenience, not a VAT system: check every invoice carries what Revenue requires if you're VAT registered.
- No DIRT for companies, with conditions. Revenue exempts deposits of companies that pay corporation tax, provided the company is entitled to the interest, is within the charge to corporation tax on it, and has given the deposit taker its tax reference number (Revenue manual 08-04-02).
- 25%, not 12.5%. Deposit interest is passive income, taxed under Case III at the 25% corporation tax rate, not the 12.5% trading rate (Revenue manual 02-02-02). On €50,000 in business savings on Grow at 1.1%, that's €550 of interest and €137.50 of corporation tax.
- The account is the company's, not yours. Money moved from the company account to your personal account is salary, a dividend, a director's loan or an expense repayment, and each has a different tax treatment on your side. Our salary after tax calculator shows what a director's salary nets.
- VAT invoices. Revolut's invoices have fields for your VAT number and the supply date, but Revolut doesn't claim they meet Irish VAT invoice rules. If you're VAT registered, check the rate, the VAT amount and the customer details on each invoice, or invoice from your accounting software and use Revolut's integrations with Xero, QuickBooks, Sage and others.
Our verdict
- For a new Irish limited company that pays suppliers online and deals in more than one currency, Revolut Business is quick to open and, on the right plan, cheap.
- Compare it with AIB, Bank of Ireland and the other digital options if you handle cash, need cheques or want the Irish deposit guarantee scheme.
| Good for | Think twice if |
|---|---|
| New LTDs that need an IE IBAN in days, not weeks | You're a sole trader: you'll be pointed to Revolut Pro |
| Multi-currency payments and FX within the allowance | You lodge cash or cheques regularly |
| Xero, QuickBooks and Sage connections, and an API from Grow | You need VAT-ready invoicing out of the box |
| Cards for team members and expense capture | The company holds well over €100,000 in one bank |
We compare Revolut Business with AIB, Bank of Ireland, PTSB, Wise, bunq and N26 in the best business bank accounts in Ireland. If Revolut fits, open your Revolut Business account here. And for your own side of the company's money, salary, dividends and the reliefs you can still claim, start from the complete guide.
Related reading
Questions we get asked
Can a sole trader open Revolut Business in Ireland?
Revolut's comparison of Pro and Business doesn't list Ireland among the countries where freelancers can open Revolut Business, so Irish sole traders are pointed to Revolut Pro, which runs inside the personal app and is free on the Standard plan.
Does Revolut Business give an Irish IBAN?
Yes. Irish companies bank with Revolut Bank UAB's Irish branch and have had IE IBANs since mid-2023.
How much does Revolut Business cost in Ireland?
Basic is €10 a month, Grow €35 a month or from €30 a month billed annually, Scale from €90 a month billed annually, and Enterprise is priced individually. Over the allowances, local transfers are €0.20, international transfers €5 and exchange 0.6%.
Is DIRT deducted on Revolut Business savings?
Companies within the charge to corporation tax are exempt from DIRT if they've given the bank their tax reference number. The interest is then taxed in the company at the 25% corporation tax rate for passive income.
Is money in Revolut Business protected?
Company deposits with Revolut Bank UAB are covered up to €100,000 per depositor by Lithuania's deposit insurance scheme.
Referral links. Some links on this page are referral links: if you open an account through one, Irish Tax Mate may receive a reward from the provider, at no cost to you. It never changes what we write. We're a tax agent, not a bank or a financial adviser, and we compare accounts on fees, deposit protection and tax.