- *£100 cashback when you open a Tide business bank account
- Enter code BF100 when you sign up. T&C apply
- Award-winning business account and no monthly fees
- No credit checks when opening an account
Ongoing
No monthly fees
0% AER
Loan facility Subject to terms
Receive 1% cashback on purchases*
Open an account in minutes
No additional transaction or transfer charges
Not applicable
No monthly fees
0% AER
None
Instant Access Savings Pots, 1.6% AER interest (variable) paid monthly (Ts&Cs apply)
Apply for a business account in minutes, no monthly fees
"Free UK bank transfers, spending categories and 24/7 customer support"
12 Months
£7.00
0% AER Credit Interest
Subject to eligibility and application
Simple pricing and free electronic payments
Dedicated support from our UK-based business management team
Useful guides and practical business tools
Ongoing
No monthly fees
0% AER
None
Sign up today and unlock 1 month of a paid plan without subscription fees. T&Cs apply
Business account: hold, send and receive funds in 28+ currencies, exchange at only 0.4% fees
Free smart debit cards for you and one team member: track and control spending in real-time
Ongoing
No monthly fees
0% AER
Various credit options available
*£100 cashback when you open a Tide business bank account. Enter code BF100 when you sign up. T&C apply.
Award-winning business account and no monthly fees
Ongoing
No monthly fees
0% AER
Business overdraft available upon invitation
Open an account in minutes
Straightforward pricing - No monthly or annual fee
Helpful UK based telephone customer service
2 Years
No monthly fees
0% AER
Credit options available
FreeAgent is included as long as you retain your account
No transaction fees for 2 years (then standard tariff applies)
3 Months
£18.99 +VAT (1st 3 months free)
0% AER
Various credit options available
Limited offer 3 Months FREE of Tide Pro
The applicant is required to enter the promo code FREEPLAN
2 FREE Expense Cards for your co-workers
Unlimited FREE transfers per month
No monthly fee for three months
£12.50
0% AER
Not available
No credit checks & available to all business types
*LIMITED OFFER* Free business account for 3 months
Application takes minutes and your business account can be open on the same day you apply
No monthly fee for three months
£3.00
0% AER
Not available
Business account with integrated invoicing, accounting and bookkeeping features
Trusted by 50,000+ sole traders and UK businesses
2 Years
No monthly fees
0% AER
None
FreeAgent is included as long as you retain your account
A dedicated Relationship Manager - a single point of contact to look after your business banking needs (turnover and eligibility criteria apply)
No monthly fee in the first 12 months. T&Cs apply
£8.50
0% AER
Please see ‘Credit facility’ information
No monthly account fee in the first 12 months, for new customers, thereafter a fee of £8.50 applies. T&Cs apply
Free invoice and accounting software provided by FreshBooks, with your Barclays business account, worth over £260 per year. T&Cs apply
Charges for some bank transfers and card payments apply
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.
We're here to help you save money
We've helped business switch bank accounts
We work hard to negotiate exclusive deals
We provide a quick, easy referral process
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!).
What's important?
Don't just look at the free period, work out how much it will it cost after the fee free period
Ensure you know all fees relevant to your business to avoid surprises!
Switching can be done within 7 days
Make sure that those you bill are aware
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 have been with your bank account provider for a very long time, then it might seem like the easiest option to continue using their services. You may believe that the service and the costs you are paying are standard and would apply with other providers - this is not always the case. It is so important that you shop around to make sure you're getting the best deal.
There are so many alternative bank account providers who can save you money and are becoming very popular in the market – especially business banking.
The only thing that is crucially important is making sure you compare business bank accounts which are right for you and your business.
Benefits of switching business bank accounts
Account providers will be trying to entice you to switch providers to them so they might offer extra benefits, such as free business banking for periods up to 26 months
When switching accounts, there are a vast variety of accounts to choose from, with a huge range of overdraft options if you choose to add one
As an incentive for you to choose their account service, account providers will generally offer low monthly rates after any free banking period
All bank account providers now have to offer a switching guarantee, meaning your new account must be ready within 7 days of your chosen date