- Fee-free accounting software from FreeAgent
- No monthly fees for 24 months when you switch accounts
- Dedicated Relationship Manager (turnover and eligibility criteria apply)
- 24/7 Online, Telephone and mobile app banking
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
18 Months
No monthly fees
0% AER
Credit options available
Free access to the UK's best bookkeeping software for SMEs - FreeAgent
No transaction fees for 18 months (then standard tariff applies)
Ongoing
No monthly fees
0% AER
Various credit options available
**OFFER** 6 month free bank transfers*
Use referral code 6FREEBUSINESS on signup
Award-winning business account and no monthly fees
Ongoing
No monthly fees
0% AER
Business overdraft available upon invitation
Simple online 5 minute application
Straightforward pricing – No annual or monthly fee
FSCS protection
24 Months
No monthly fees
0% AER
Credit options available
Accounting software FreeAgent holds all your invoices and expenses in one place
No transaction fees for the first 24 months (then standard tariff applies)
Ongoing
No monthly fees
0% AER
None
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
No monthly fee for three months
£12.50
0% AER
Not available
No credit checks
*LIMITED OFFER* Free banking for 3 months
£50 Annual platform fee
No monthly fees
0%
None
Free card transactions in 15 major currencies, 1.5% fee applies to other currencies.
Customised pricing for FX & same currency payments based on volumes
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