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Basic business accounts

Basic business accounts

We've helped thousands of small businesses across the UK find the best deal!

  • Quick filters
  • Quick application process
  • Longest fee free period
  • Overdraft facility
  • Accounts for poor credit
  • A mobile application
  • Low fees to pay in cash
  • Accounts which pay interest
Provider
Free for
BBI Rating
Fees
Features

All other accounts

CashPlus - Business Current Account
CashPlus logo
0 months
Not currently rated
£69 Annually
Switcher Startup
more info more info
CardOneBanking - Business Account
CardOneBanking logo
0 months
Not currently rated
£12.50 Minimum Fee
Switcher Startup
more info more info
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santander bank logo
lloyds bank logo
yorkshire bank logo

How we’ve helped others find the best basic bank account

Finding the right bank account is an essential part of your business.

  • We don’t require credit checks
  • We have a quick online setup
  • We offer a direct debit payment
  • We keep fees low

If you are having trouble setting up a business bank account or switching from your current one, then there are still options available where you can avoid credit checks.

What they offer:

  • Debit cards
  • Online banking
  • The ability to pay into post offices or other establishments
  • Potential improvement on your credit rating
  • Quick setup and going to the branch is not required

Fees on the account can be paid monthly or annually. The account is simple and easy to use and it can also be cheaper than a standard business bank account!

90%

of our users would
recommend us to others!

What makes us different Business Comparison is here to help business owners no matter how big or small.

We found that as business owners ourselves, finding the best option is not easy to do online. We felt we could do better and provide a service to all small-to-medium sized businesses.

businesscomparison group photo

UK banks are more than likely going to reject business owners and directors who apply for a business current account if they have a poor credit history. Regardless of the company type for example; a limited company (a company which is a separate legal entity) – banks will still run a credit check on the directors and owners as standard.

Numerous banks will be more lenient with businesses, however this depends on the reason for the poor credit history. There are two types of bad credit which will not be overlooked, they are; bankruptcy and County Court Judgements.

Generally the bank will often decline a business because of the poor credit history, another reason for them declining the account is if the business owner or director has recently moved to the UK, or moved back therefore they are unable to provide the bank with any credit history.

Many UK businesses are using basic business bank accounts regardless of their credit history because they don’t come with the expensive costs a standard business account does.

For many directors and owners they just want to keep their personal finances separate to their businesses finances. Basic business bank accounts could be a cheaper option compared to the complex and pricey bank accounts.

Those who are self-employed are not actually legally required to start a business bank account, however banks will recommend starting one because it will come with extra costs.

As you are self-employed it is acceptable to use your personal current account. But, be aware that the bank can add fees onto your account if they see numerous transactions, which would ultimately turn into a business bank account.

Interested in a basic business bank account?

Why not try out our bank account finder? This is a free, no-obligation tool that will help you find the most suitable account for your business.


Online Accounts

As with any bank account you can manage your account online and setup direct debits

Pay into local Post Office branch

You will have access to pay money and cheques into any post office branch and some may also have access to a high street bank

No credit checks

The process is very quick and does not involve a credit check. You will just need to confirm your ID

Simple Fee Structure

A monthly fee taken is out of the account each month or annually depending on the account you choose. Also you will need to pay for cash withdrawals this cost will be highlighted in advance

We compare the market for you to find exclusive deals. als.

Whether you want to switch or set up a bank account we’re here for you.

Interested in a basic business bank account?

Why not try out our bank account finder? This is a free, no-obligation tool that will help you find the most suitable account for your business.