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Business Bank Account - sole trader with international payments

  • 09-11-2023 10:42AM
    #1
    Guybrush Threepwood
    Registered Users, Registered Users 2 Posts: 126 ✭✭


    I'm looking to move my business bank account. I've been with BOI since Ulsterbank closed but I'm not happy with them. I seems half my statement is charges.

    Can anyone recommend a good business bank account for a sole trader. Most of may payments in and out come from overseas (US and UK in particular, but other countries as well).

    Is Revolut any good, I don't use the personal account so I've no experience.

    Any help would be greatly appreciated!



Comments

  • #2
    Gloomtastic!
    Registered Users, Registered Users 2, Paid Member Posts: 9,237 ✭✭✭Gloomtastic!


    Revolut is probably your best bet if you are going to be converting currencies. I haven't opened a Business account yet but plan to soon. The charges are similar to BOI last time I looked unfortunately but much easier to use.



  • #3
    FelixChan
    Registered Users, Registered Users 2 Posts: 14 ✭FelixChan


    Yeah, Irish banks can be a pain with international payments, especially for sole traders. I had a similar headache and ended up looking into alternatives. If your business has a lot of overseas transactions, you might need a high risk merchant account, depending on the nature of your payments. Some providers are more accepting of international clients and higher volumes, so it's worth checking out options outside the traditional banks.

    Post edited by FelixChan on


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