Multi-currency business account for Irish companies: EUR, GBP and USD

An Irish company selling to the UK and US earns sterling and dollars every month. A multi-currency account with local details in each lets clients pay locally and the company convert when it chooses.

Alexia M.Comparisons and market guides editor

Published: 25 August 2026
Reading time: 1 min read

More Irish exports go to the UK and US than almost anywhere else. For a small Irish company, that means sterling and dollar invoices every month, and a choice about how to receive them.

Options

	Currency account at an Irish bank	Multi-currency account with local details
UK client pays	SWIFT	Faster Payments to a sort code
US client pays	SWIFT	ACH to a routing number
Conversion	Bank rate	Usually closer to mid-market
Paying UK and US suppliers	SWIFT	Local rails

A month for a Limerick agency

Receives £25,000 from UK clients and $18,000 from US clients. Pays £6,000 to UK freelancers and $4,000 in US software. Holding both currencies, it pays those costs locally and converts only £19,000 and $14,000.

What to check

Local details in GBP and USD in the company's name.
Margins on GBP/EUR and USD/EUR.
Payout fees to the UK and US.
Central Bank authorisation or safeguarding arrangements.

Paying into Ireland: the local rail

What	Detail
Local rail	SEPA Instant Credit Transfer
Run by	European Payments Council scheme, run by each bank
Settlement	Under ten seconds, 24/7
Published fee	By the EU Instant Payments Regulation, no more than the bank charges for a standard SEPA transfer

Source: European Payments Council: SEPA Instant Credit Transfer. Checked when this guide was last updated; the scheme's own page has the current figures.

Where Rivet fits

Rivet gives Irish companies USD details on Starter and EUR and GBP on Growth, with payouts to 120+ countries and FX from 0.50%, shown before you confirm. Rivet is not a bank; regulated partner institutions hold the funds. See multi-currency business account guide.

Questions people ask

Can an Irish company have a sterling account?

Yes. Irish banks offer sterling accounts, and multi-currency providers offer GBP details with a UK sort code.

Why local details instead of a currency account?

A sterling account at an Irish bank is reached by SWIFT. UK sort code details are reached by Faster Payments, which is faster and cheaper for UK clients.

How do I compare FX?

Price a real conversion, such as £20,000 to euros, against the mid-market rate at the same moment.

What about accounting?

Irish companies record foreign currency in euros unless their functional currency differs. Keep each conversion's rate and date.

Sources

Written by

Alexia M.

Comparisons and market guides editor

Alexia compares the accounts, cards and payment tools companies weigh before they switch, and writes Rivet's market guides for founders in a specific country. Prices in Alexia's comparisons come from each provider's own pricing page on the date given in the article, rules come from the regulator or tax authority that sets them, and every source is listed at the end.