- No monthly fees
- Fast setup: apply in minutes
- Seamlessly integrate with accounting software
- 24/7 in-app support
0 business bank accounts found
Overdraft & Credit card on application
Same-day overdraft subject to application
*No monthly account fees for 12 months, thereafter a monthly charge of £6.50 applies.
Our comparison service features a selection of providers from whom we receive commission. This table is ordered according to our commercial arrangements.
Finding the right bank account is an essential part of your business.
For a start-up, many banks will offer an introductory free banking period which means that you won't face monthly charges for using the account! However, other fees may apply.
If you are stuck when it comes to choosing the right business bank account, then speak to other business owners and learn about their experiences with branches in the area. Remember once you have the account, make sure you are reviewing it on an annual basis. Businesses are covered by the 7-day switcher guarantee.
It's a fact that people are more likely to divorce their other half than switch their business bank account. If you are worried about switching, then you shouldn't be as all business accounts are covered by a 7-day switcher guarantee. (Just make sure your bank is registered with this scheme!).
If you are savvy enough to use online banking regularly then you may want to ask other business owners what their thoughts are on the application. Standards of online banking vary and no one wants to go backwards when they are trying to move forward.
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:
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!
A business account is the best way to keep track of your finances, regardless of your size, industry or turnover. The best business bank account for you will depend on your individual requirements, as there are a variety of features available. To help you find the best business bank account UK wide, we have compiled this guide to finding the best accounts.
If you are wondering which is the best bank to open a business account, start by comparing the features.
If you are searching for the best business bank accounts for small businesses, there are some excellent options available. An award-winning option is the Tide business account, which is specifically designed to save small businesses money and time. There are no monthly fees and it is possible to link to you accounting software. It is also possible to attach photos and notes to your transactions, which will aid with financial management. Although no overdraft is available, it is possible to apply for a loan up to £15,000 through their partner, Iwoca.
Searching for the best business bank for startups can take time, especially if you are unsure which accounts are available. A great example are business current accounts, which are designed for start-ups, smaller businesses and sole traders. For example, an account which is free for the first few months with a simple online application from. Other free services could include, an invoicing service, where your account will create invoices and chase any unpaid invoices automatically.
If your business is looking to reduce costs, a free business bank account is a great place to start. There are some great options available, such as a Yorkshire Bank Business Current Account and the Clydesdale Bank Business Current Account. Both accounts offer a free banking period of 25 months, which is the longest period offered.
If you are looking for a traditional bank with high-street branches, both the Clydesdale Bank and the Yorkshire Bank are ideal. It is possible to apply online in just 15 minutes, which is much more convenient than applying in branch. Your business will benefit from support from a dedicated business relationship manager, who will provide guidance on financial management. It is possible to apply for an overdraft and you will be able to pay direct debits through the account.
If your credit record includes missed payments or CCJ's, you may not be accepted for a traditional bank account. However, there are still options available if you have a poor credit history. There are a variety of banks which do not carry out a credit check when you apply, such as Cashplus and Revolut. These accounts are often online accounts with basic features, although there are some great accounts available. You will still be able to receive payments, pay your bills, use a debit card and a cheque book. However, the account is unlikely to provide credit in the form of loans or overdrafts.
If you are searching for the best online bank for small businesses, there are a growing number of excellent options. For example, online only accounts are provided by banks such as CardOneMoney, Cashplus and Countingup.
As online banks, these are some examples of accounts which offer quick and simple online banking. There are features such as apps, integrated accounting software and low fees. For example, Cashplus offers an account with no UK ATM fees and free transfers, meaning you can process payments including staff wages with no fees. These accounts are designed to provide online banking, it is possible to pay cash into your account through the Post Office.
If you operate as a sole trader, there is no legal requirement to open a business account. Although, many banks will not allow you to use your personal bank for business use. If you open a business account there are many benefits, such as quick access to your finances and simplifying your tax returns.
A great example is Revolut, which provides either a basic free account or a paid subscription option. It is possible to open an account online in just 5 minutes, with benefits such as accounting software integration. If you have clients around the world, a Revolut account will allow you to hold 29 different currencies. In addition, multiple users can access the account and can even have their own prepaid employee bank card However, there is no overdraft facility and you will not earn interest on any in credit balances.
If you are looking for the best business account provider for a limited company, Santander is an excellent choice. They have a variety of accounts available, although for 17 years Moneyfacts have voted them the best business current account provider. This specific account is designed for small and medium sized businesses, with a maximum of two directors, shareholders or partners.
The account is designed for standard business banking, so you can make CHAPS, contactless and direct debit payments.
With so many different accounts available, it can be hard to find the best business bank account. Whether you are looking for the best bank for small businesses or a large corporation, we can help. As business owners ourselves, we know that finding the best business account is not a quick and easy task. This is how our business bank account comparison service began.
We have developed a free, no-obligation comparison service, which will quickly help you find the best business bank account for you. Simply select whether you are a start-up or looking to switch account and we will provide you with the best options available. Are you looking for the best start-up accounts? Or, the best accounts with no credit checks? Whatever your requirements, our tool will guide you to the best business bank accounts.
Within the list of options, you will be able to quickly compare everything from monthly charges to account features. This will help you to find the best business bank account for your individual requirements. If you would like 24/7 access to your account, you will be able to easily compare banks with online banking. Alternatively, if the ability to pay cash into the account is essential, you can compare UK high street banks, along with those alternative banks that offer this facility.
If you already hold a business account, the switching process is quick and straightforward. If your bank is registered with the scheme, your business account will be covered by a 7-day switch guarantee.
If you are looking for advice about the best business bank accounts or would like to apply, our team are here to help. To find out more about the best business accounts, please contact us today.