Which bank for small startup business?

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flyingfolly

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So I've used AIB business banking in the past and its very expensive. I have a new ltd company and will have very few transactions for the next 1-2 years so don't need anything too expensive. Is there any suggestions of a decent bank for this purpose with a debit card?

I'll be putting in around 50k into the account to start with for expenses.

Is revolut worth it perhaps?
 
You would be mad to depend on Revolut for business banking. If something goes wrong your business banking could grind to a halt indefinitely based on other people's experience of trying to rectify things when they go wrong with Revolut and other Fintechs.

What's "very expensive"? Is it really a significant cost in the greater scheme of things in relation to your business? Have you checked what the other Irish bricks and mortar banks offer in terms of business banking services and charges?
 
Yea that was my thought on revolut.

Very expensive would be something like AIB business where they charge 15 euros to send a payment to an account in a different currency and 90 euros per quarter in "account management fees". I was paying around 1-2k per year for the privilege of an AIB business account and would like to avoid that htis time around. Also their online banking was an absolut epain
 
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