Bank Accounts
Managing your business finances begins with having the right banking setup in place — but choosing and managing the best accounts can be time-consuming and confusing. At JP Egan & Company, we help businesses across Ireland streamline their banking processes, improve control over cash flow, and save valuable time on financial admin.
Whether you're just starting out and need help opening a business bank account or you're a growing company looking to optimise cash management and payment workflows, our team provides end-to-end support. We work closely with clients to understand their banking needs and build efficient, tailored solutions that support day-to-day operations and long-term growth.
From account setup and reconciliation to payment processing and liquidity planning, we provide practical, hands-on assistance at every step. We also stay up to date on the latest banking technologies, security practices, and provider offerings, so we can help you access the tools that best match your business.
Let JP Egan & Company handle the paperwork, bank forms, and process improvements — so you can stay focused on running your business with confidence.
Things to Know or Watch Out For with Bank Accounts
- Choosing the Right Bank and Account Matters
Not all business accounts are equal. We help you compare features, fees, online banking tools, and service levels to find the right fit for your business. - Opening an Irish Business Account Can Be Complex
Especially for new or non-resident companies, the process can involve significant paperwork. We handle the application, documentation, and coordination with banks on your behalf. - Transaction Monitoring Is Crucial
Regular bank reconciliations help catch errors, prevent fraud, and keep your financial records accurate. We help you stay in control of your account activity. - Cash Flow Is About Timing, Not Just Revenue
We support better cash flow by helping you plan incoming and outgoing payments, forecast needs, and reduce cash gaps.
- Manual Payments Waste Time
We help automate and optimise payment processes using secure methods like SEPA transfers, direct debits, and online banking integrations. - Unmonitored Accounts Can Accumulate Charges
Bank fees and unnecessary services can add up over time. We conduct account reviews to identify cost-saving opportunities. - Multiple Accounts Can Improve Efficiency
Segmenting your banking — e.g. for payroll, VAT, or project-specific funds — can improve clarity and simplify reconciliation. We help structure your setup. - Security and Access Control Are Key
We advise on secure access policies for your banking, including multi-user permissions, dual approvals, and fraud prevention best practices.
JP Egan & Company
Frequently Asked Questions
Yes — we assist with the full setup process, including choosing a bank, preparing documentation, and submitting applications for approval.
Typically, you'll need proof of identity and address for directors, a certificate of incorporation, company constitution, and a business plan. We prepare and review all required documents.
Yes — we regularly help Irish companies with non-resident shareholders or directors open bank accounts. The process may take longer, but we’ll guide you through it.
Absolutely. We create short- and medium-term forecasts to help you plan for expenses, manage liquidity, and avoid shortfalls.
Yes — we help automate and schedule electronic payments securely through your bank’s online systems.
Ideally monthly, or even weekly for high-volume businesses. We offer regular reconciliation to ensure your records match your bank balances.
It’s a health check on your current banking setup. We look at fees, transaction activity, and features to suggest improvements or savings.
Yes — we advise on best practices for online banking access, authorisation controls, and fraud prevention tools.
Get in Touch
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