Compare Accounts
for your business today

Promoted Accounts – October 2024

 
Enter £50VOUCHER to get a £50 voucher when you open a Tide business account. T&Cs apply

Tide Plus Business Bank Account

  • Monthly Fee
    £9.99
  • Card Purchases
    Free
  • Bank Transfers
    20 free per month
    20 free per month, then 20p per transfer
  • Overdraft
  • Access Methods
    App/Online

    • No cheque facilities

    • Cash deposits via Post Office (0.5% fee, minimum £2.50) and PayPoint (3% fee)

Product Features
  • Create and send invoices for free
  • Multi-business – hold up to 5 business accounts
  • 1 free expense card included
Eligibility Criteria
  • For registered business account: you must be registered with UK Companies House as a director of that company or partnership
  • For sole trader account: you must be a UK based sole trader/freelancer
  • For all accounts: you must be aged 18+, have a valid UK phone number and address, and hold compatible device registered to a UK App or Google Play store
 
Get 0.5% cashback when you spend with your Tide card (T&Cs apply)

Tide Cashback Business Bank Account

  • Monthly Fee
    £49.99
  • Card Purchases
    Free
  • Bank Transfers
    Free
    Unlimited free bank transfers
  • Overdraft
  • Access Methods
    App/Online

    • No cheque facilities

    • Cash deposits via Post Office (0.5% fee, minimum £2.50) and PayPoint (3% fee)

Product Features
  • Create and send invoices for free
  • 3 free expense cards included
  • 0.5% cashback on Tide card spend (T&Cs apply)
Eligibility Criteria
  • For registered business account: you must be registered with UK Companies House as a director of that company or partnership
  • For sole trader account: you must be a UK based sole trader/freelancer
  • For all accounts: you must be aged 18+, have a valid UK phone number and address, and hold compatible device registered to a UK App or Google Play store
Dedicated team of account managers
3 FREE Expense Cards for co-workers
Unlimited transfers per month
 
Sign Up Today And Unlock 1 Month Of A Paid Plan Without Subscription Fees

Revolut Basic Business Account

  • Monthly Fee
    Free
  • Card Purchases
    Free
  • Bank Transfers
    5 free per month

    • 5 free local transfers per month, then 20p thereafter

    • International transfers: £5

  • Overdraft
  • Access Methods
    App/Online
    No cash or cheque facilities
Product Features
  • Multi-currency accounts – recieve payments and exchange in 25+ currencies
  • Control and monitor team spending with multiple debit and virtual cards, manage permissions and levels of access and more
  • Various payment facilities including Tap to Pay on iPhone (fees apply)
  • International payments – Send and receive money from 200 countries
Eligibility Criteria
  • Available for limited companies, PLCs, LLPs, Partnerships & unlimited companies
  • Currently available for companies registered in and with a physical presence within the European Economic Area (EEA), Switzerland, UK and US
International payments – Send and receive money from 200 countries.
Exchange money in 30+ currencies at interbank rates
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Sign up today and unlock 1 month of a paid plan without subscription fees

Revolut Grow Business Account

  • Monthly Fee
    £19
  • Card Purchases
    Free
  • Bank Transfers
    100 free per month

    • 100 free local transfers per month, then 20p thereafter

    • International transfers: £5

  • Overdraft
  • Access Methods
    App/Online
    No cash or cheque facilities
Product Features
  • Multi-currency accounts – recieve payments and exchange in 25+ currencies
  • Control and monitor team spending with multiple debit and virtual cards, manage permissions and levels of access and more
  • Various payment facilities including Tap to Pay on iPhone (fees apply)
  • Earn annual interest daily with a linked business savings account
Eligibility Criteria
  • Available for limited companies, PLCs, LLPs, Partnerships & unlimited companies
  • Currently available for companies registered in and with a physical presence within the European Economic Area (EEA), Switzerland, UK and US
5 no fee international transfers – £5 fee applies thereafter
1 complimentary Metal card – £49 fee applies thereafter
 
Sign up today and unlock 1 month of a paid plan without subscription fees

Revolut Scale Business Account

  • Monthly Fee
    £79
  • Card Purchases
    Free
  • Bank Transfers
    1,000 free per month

    • 1000 free local transfers per month, then 20p thereafter

    • International transfers: £5

  • Overdraft
  • Access Methods
    App/Online
    No cash or cheque facilities
Product Features
  • Multi-currency accounts – recieve payments and exchange in 25+ currencies
  • Control and monitor team spending with multiple debit and virtual cards, manage permissions and levels of access and more
  • Various payment facilities including Tap to Pay on iPhone (fees apply)
  • Earn annual interest daily with a linked business savings account
  • 2 complimentary metal cards
Eligibility Criteria
  • Available for limited companies, PLCs, LLPs, Partnerships & unlimited companies
  • Currently available for companies registered in and with a physical presence within the European Economic Area (EEA), Switzerland, UK and US
25 no fee international transfers – £5 fee applies thereafter
2 complimentary Metal card – £49 fee applies thereafter
 
Sign up today and unlock 1 month of a paid plan without subscription fees

Revolut Enterprise Business Account

  • Monthly Fee
    Contact Revolut
  • Card Purchases
    Free
  • Bank Transfers
    Contact Revolut
  • Overdraft
  • Access Methods
    App/Online
    No cash or cheque facilities
Product Features
  • Multi-currency accounts – recieve payments and exchange in 25+ currencies
  • Control and monitor team spending with multiple debit and virtual cards, manage permissions and levels of access and more
  • Various payment facilities including Tap to Pay on iPhone (fees apply)
  • Earn annual interest daily with a linked business savings account
  • Tailored for larger businesses
Eligibility Criteria
  • Available for limited companies, PLCs, LLPs, Partnerships & unlimited companies
  • Currently available for companies registered in and with a physical presence within the European Economic Area (EEA), Switzerland, UK and US
 
Free Invoicing & Accounting Software. T&Cs Apply**

Lloyds Bank Business Account For Start Ups

  • Monthly Fee
    £8.50*
    12 months free, £8.50 per month thereafter
  • Card Purchases
    Free
  • Bank Transfers
    100 electronic payments out free per month***

    • *UK Bank Transfers out – First 100 electronic payments out free.

    • UK Bank Transfers in – Free.

  • Overdraft
  • Access Methods
    Full
Product Features
  • Digital banking with no account fee for 12 months*
  • Free invoicing and accounting software available to business account holders. T&Cs Apply**
  • Bank in whatever way suits your business – online, with our mobile app, over the phone or in branch
  • Support from our UK-based relationship team
Eligibility Criteria
  • To qualify for this account you need to be a sole trader, partner or company director
  • You must have a turnover of less than £25m
  • Must be 18 years old or over
  • Must not already have a Lloyds Bank business account for this business
  • Credit facility: Debit interest is charged monthly and monthly usage or annual fees will apply depending on your credit limit. Unauthorised borrowing charges will apply.
  • All lending is subject to status. Security may be required. A guarantee may be required for Limited Companies and Limited Liability Partnerships
*After 12 months, there’s a monthly fee of £8.50. Some fees and transaction charges will apply as soon as the account is open. This offer only applies to the business’s first current account
**You must be registered for Online for Business or Commercial Banking Online. UK based businesses only
***100 electronic payments out free per month, 20p thereafter
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Earn 10% cashback on your first $1,000 USD of international transactions with Airwallex*

Airwallex Business Account

  • Monthly Fee
    Free
  • Card Purchases
    Free
  • Bank Transfers
    Free
    SWIFT payments vary £10-£20
  • Overdraft
  • Access Methods
    App/Online
Product Features
  • Open domestic and foreign currency accounts with local bank details around the world with no monthly fees within minutes.
  • Make international transfers to 150+ countries – save up to 80% on FX fees, app. 70% of funds arrive within a few hours / same day
  • Accept payments worldwide via 160+ payment methods – no coding required
  • Issue multi currency corporate cards
  • Integrates with platforms like Xero, Amazon, Shopify, WooCommerce & more
  • Automate your domestic and international bill pay workflows
Eligibility Criteria
  • You must be at least 18 years old
  • Be a sole trader, partner in a partnership, or company
  • Your business is registered in the UK. More markets are available with different Airwallex entities. Details can be found on the Airwallex website.
*10% cashback on your first $1,000 USD equivalent in eligible international card spend.
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Get A £100 Amazon.co.uk Gift Card*

HSBC Kinetic Business Current Account

  • Monthly Fee
    Free*
    12 months free, £6.50 per month thereafter*
  • Card Purchases
    Free
    Non-Sterling Transaction fee – 2.99% of the
    sterling amount of the transaction, minimum
    £3. Cash Fee – 2.99% of the amount advanced,
    minimum £3.
  • Bank Transfers
    Free

    • Direct Debits & Internal Transfers: Free

    • CHAPS: £20 to another HSBC Group bank
      account, £30 to a non-HSBC Group bank
      account via by phone or in-branch banking.

  • Overdraft
  • Access Methods
    App
Product Features
  • No monthly account fee for the first 12 months, £6.50 thereafter. Other fees and charges apply, subject to eligibility, credit check and T&Cs
  • Cashflow and spending insights
  • Make payments of up to £25,000 per day in app
  • Access great perks and benefits to kick start your business
  • Send International Payments to over 150 countries
Eligibility Criteria
  • Must be a sole trader or a limited company with a sole director who is also the sole shareholder
  • Must be a tax resident in the UK but not the Channel Islands or the Isle of Man
  • Your turnover is up to £6.5m per year
*You must be one of the first 2,000 businesses to download the HSBC Kinetic app, successfully open a HSBC Kinetic Current Account between 2nd August and 31st October 2024 (inclusive). Once you’ve opened your HSBC Kinetic Current Account you must, order and activate your HSBC Kinetic Debit Card and make 10 or more ‘qualifying transactions’ using your HSBC Kinetic Debit Card by 30 November 2024. Ends 31 October 2024. See T&Cs for full promotion details & eligibility. Restrictions apply, see amazon.co.uk/gc-legal.
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Get 300 free virtual cards

Wallester Business Bank Account

  • Monthly Fee
    Free
  • Card Purchases
    Free
  • Bank Transfers
    Free
  • Overdraft
  • Access Methods
    App/Online
Product Features
  • Access to the multi-functional Wallester Business platform absolutely free
  • Use the Wallester solution for free forever, pay only if you need more cards
  • Expense control services and automated reporting
  • Cutting-edge API for easy integration
Eligibility Criteria
  • You must be at least 18 years old
  • Be a sole trader, partner in a partnership, or company
Get 300 free virtual cards Free package of 300 virtual cards with zero fees or limitations
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Get £200 when you open a Business Current Account. Offer ends 31 October 2024*

The Co-operative Bank Business Current Account

  • Monthly Fee
    Free
  • Card Purchases
    Free
  • Bank Transfers
    Free
    Direct Debits, BACS, Faster Payments: Free

    CHAPS: £25 via phone; £15 via online banking
  • Overdraft
  • Access Methods
    Full
Product Features
  • Free everyday digital business banking. No monthly fee. No charges for all automated credits, cash withdrawals and debit card purchases.
  • Integrate your accountancy software like Xero, Sage or Quickbooks within your online banking
  • Online and in-person banking including mobile, instant secure messaging, UK based contact centre, and in branch
  • Single Directors and Sole Traders could receive their account details within three days
  • Co-operative Bank business customers get free, unlimited access to the Go Get Paid app – the fast, simple and secure way to get paid.
  • Customers can also access selected Clover payment terminals for £1 a month for their first 12 months (fees apply).
Eligibility Criteria
  • Must be a UK resident with a business address in the UK
  • Must be a sole trader or Ltd company that is owned or controlled by one person
  • Must be 18 or over
Charges apply for cash and cheque transactions and other special services e.g. foreign and CHAPS payments. You can deposit cash in branch and in the Post Office for £1.50 per cheque or £1.50 per £100 of cash deposited.
An overdraft arrangement fee applies and where security is required, additional security fees may apply.
Application subject to status (including credit checks and an assessment of your financial circumstances), eligibility and T&Cs.
*For new customers who register for Online Banking. Min. balance and transactional criteria applies for the first 3 months.
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Access selected Clover payment terminals for £1 a month for the first 12 months (fees apply)

The Co-operative Bank Business Directplus Current Account

  • Monthly Fee
    Free
    30 months free, £7 per month thereafter
  • Card Purchases
    Free
  • Bank Transfers
    Free
    Free for first 30 months then 35p thereafter if balance remains at £1,000. 70p if balance falls below £1,000 at any time.

    CHAPS: £25 via phone; £15 via online banking.
  • Overdraft
  • Access Methods
    Full
Product Features
  • Free for the first 30 months, only if you maintain a credit balance of £1,000. £7 monthly fee applies after 30 months, and if your balance falls below £1,000 during the introductory period.
  • Deposit £1,000 in cash and 25 cheques per charging period for free via Post Office/branch. Charges apply for exceeding these limits.
  • Co-operative Bank business customers get free, unlimited access to the Go Get Paid app – the fast, simple and secure way to get paid.
  • Online and in-person banking including mobile, instant secure messaging, UK contact centre and in branch
  • Integrate your accountancy software like Xero, Sage or Quickbooks within your online banking
  • Customers can also access selected Clover payment terminals for £1 a month for their first 12 months (fees apply).
Eligibility Criteria
  • Must be a UK resident with a business address in the UK
  • Soletrader, partnerships, Ltd companies or LLP accepted
  • Must be 18 or over
Application subject to status (including credit checks and an assessment of your financial circumstances), eligibility and T&Cs.
An overdraft arrangement fee applies and where security is required, additional security fees may apply.

Zempler Bank Business Bank Account

  • Monthly Fee
    Free
    Plus a one-off card issue fee of £9.95
  • Card Purchases
    Free
  • Bank Transfers
    3 free per month
    3 free per month, then 30p thereafter
  • Overdraft
  • Access Methods
    App/Online

    • No cheque facilities

    • Cash paid in via Post Office (0.5% fee)

Product Features
  • 24/7 app and online account facilities
  • FSCS protection – up to £85,000
  • UK-based customer services team
  • Invoicing tools that allow you to create and send invoices easily
Eligibility Criteria
  • Available to UK registered companies or UK-based sole traders
  • Application made by UK Director
  • UK Director 18 years old plus
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Make and Receive International Payments

Card One Money Business Account

  • Monthly Fee
    £12.50
    Plus one-off £55 application fee
  • Card Purchases
    Free
  • Bank Transfers
    From 30p

    • Direct Debits: 30p

    • Faster Payments (next day online): 30p

    • Faster Payments (instant online): £7.50

    • CHAPS: £30

  • Overdraft
  • Access Methods
    App/Online
    Pay in cash and cheques via Barclays branches
Product Features
  • No credit checks or signatures required
  • Up to 4 additional cards for business use
  • UK-based customer support.
  • International payments in a range of currencies
Eligibility Criteria
  • Available to Limited Companies, Sole Traders and Partnerships
  • Your business must be registered in the UK and have an annual turnover of less than £2m
  • You must be 18+ and a UK resident. Card One Money need to be able to verify your identity & residency.
  • Card One Money is no covered by the Financial Services Compensation Scheme. See product FAQs for more info
Open an account on the same day you apply with no credit checks.
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Wide Range of Expense Managements Tools

Anna Money Pay As You Go

  • Monthly Fee
    Free
  • Card Purchases
    Free
  • Bank Transfers
    From 20p

    • Domestic: 20p per bank transfer

    • International: £5 per SWIFT transaction (+1% currency conversion fee)

    • Free direct debits

  • Overdraft
  • Access Methods
    App/Online

    • No cheque facilities

    • Cash accepted via PayPoint (1% commission fee)

Product Features
  • 1 debit card included (£3 per extra card) – 1% cashback on selected categories
  • Personal payment link for accepting payments online (1% commission)
  • Instant invoice generator and savings pots facility (fees apply)
  • Landlords / property investors get a free 12 month subscription to the National Residential Landlords Association (NRLA)
  • FastTrack to Credit – Boost your credit score and get access to credit after 3 months activity
Eligibility Criteria
  • Must be a Sole Trader, Director of a Limited Company (and listed on Companies House), or a Partner in a Limited Liability Partnership
  • Business must be located within the UK and you also need to have a UK residential address
  • Not available to charities
ANNA Business comes with invoice generator tools, HMRC recognised Tax calculator and filing. Automate your bookkeeping with ANNA.
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Wide Range of Expense Management Tools

Anna Money Business Account

  • Monthly Fee
    £14.90

    • £14.90 + VAT per month

    • or £149 + VAT a year if billed annually

  • Card Purchases
    Free
  • Bank Transfers
    50 free per month

    • Domestic: 50 free per month, then 20p thereafter

    • International: 1 free per month, then £5 per SWIFT transaction (+1% currency conversion fee)

    • Free direct debits

  • Overdraft
  • Access Methods
    App/Online

    • No cheque facilities

    • Cash accepted via PayPoint (£300 per month free, then 1% commission fee)

Product Features
  • Up to 5 debit cards included (£3 per extra card) – 1% cashback on selected categories
  • Personal payment link for accepting payments online (£200 per month free, then 1% commission fee)
  • Instant invoice generator and savings pots facility (fees apply)
  • Landlords / property investors get a free 12 month subscription to the National Residential Landlords Association (NRLA)
  • FastTrack to Credit – Boost your credit score and get access to credit after 3 months activity
Eligibility Criteria
  • Must be a Sole Trader, Director of a Limited Company (and listed on Companies House), or a Partner in a Limited Liability Partnership
  • Business must be located within the UK and you also need to have a UK residential address
  • Not available to charities
ANNA Business comes with invoice generator tools, HMRC recognised Tax calculator and filing. Automate your bookkeeping with ANNA.
 
Wide Range of Expense Managements Tools

Anna Money Big Business Account

  • Monthly Fee
    £49.90


    • £49.90 + VAT per month


    • Or £499 a year +VAT if billed annually

  • Card Purchases
    Free
  • Bank Transfers
    From free

    • Domestic: unlimited free transfers

    • International: 4 free SWIFT payments per month, then £5 per payment

  • Overdraft
  • Access Methods
    App/Online

    • No cheque facilities

    • Cash accepted via PayPoint with no fees

Product Features
  • Unlimited free debit cards – 1% cashback on selected categories
  • Personal payment link for accepting payments online with no fees
  • Instant invoice generator and savings pots facility
  • Landlords / property investors get a free 12 month subscription to the National Residential Landlords Association (NRLA)
  • FastTrack to Credit – Boost your credit score and get access to credit after 3 months activity
Eligibility Criteria
  • Must be a Sole Trader, Director of a Limited Company (and listed on Companies House), or a Partner in a Limited Liability Partnership
  • Business must be located within the UK and you also need to have a UK residential address
  • Not available to charities
ANNA Business comes with invoice generator tools, HMRC recognised Tax calculator and filing. Automate your bookkeeping with ANNA.
 
Get Your First 3 Months Free + Free Accounting Software

Counting Up Business Account (Starter)

  • Monthly Fee
    Free
    No monthly fee for first 3 months, £3 per month thereafter
  • Card Purchases
    Free
  • Bank Transfers
    30p
  • Overdraft
  • Access Methods
    App
    No cheque facilities.
    Cash paid in via Post Office (0.5% fee – £2 minimum) and PayPoint (3% fee)
Product Features
  • Monthly subscription fees that go up and down in line with your business performance
  • Rated ‘Excellent’ based on over 2,000 reviews on Trustpilot
  • Built-in accounting software with receipt capture and live business insights
Eligibility Criteria
  • Available to sole traders and limited companies
  • You must be 18+ and a UK resident
  • £750 maximum monthly deposit
Pay no subscription fees during your trial. Other transaction charges may apply.
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Get Your First 3 Months Free + Free Accounting Software

Counting Up Business Account (Standard)

  • Monthly Fee
    Free
    No monthly fee for first 3 months, then £9 thereafter
  • Card Purchases
    Free
  • Bank Transfers
    30p
  • Overdraft
  • Access Methods
    App
    No cheque facilities
    Cash paid in via Post Office (0.5% fee – £2 minimum) and PayPoint (3% fee)
Product Features
  • Monthly subscription fees that go up and down in line with your business performance
  • Rated ‘Excellent’ based on over 2,000 reviews on Trustpilot
  • Built-in accounting software with receipt capture and live business insights
Eligibility Criteria
  • Must be a UK resident, at least 18 years old and running a small business (Sole Trader/Director of a limited company)
  • If your maximum monthly deposit is exceeded, then your account will automatically upgrade to the appropriate subscription plan. You will not be able to downgrade from this plan.
  • £7,500 maximum monthly deposit
Pay no subscription fees during your trial. Other transaction charges may apply.
 
Get Your First 3 Months Free + Free Accounting Software

Counting Up Business Account (Premium)

  • Monthly Fee
    £18
    No monthly fee for first 3 months, then £18 thereafter
  • Card Purchases
    Free
  • Bank Transfers
    30p
  • Overdraft
  • Access Methods
    App
    No cheque facilities
    Cash paid in via Post Office (0.5% fee – £2 minimum) and PayPoint (3% fee)
Product Features
  • Monthly subscription fees that go up and down in line with your business performance
  • Rated ‘Excellent’ based on over 2,000 reviews on Trustpilot
  • Built-in accounting software with receipt capture and live business insights
Eligibility Criteria
  • Available to sole traders and limited companies
  • You must be 18+ and a UK resident
  • Unlimited monthly deposits
Pay no subscription fees during your trial. Other transaction charges may apply.
 
Enter £50VOUCHER to get a £50 voucher when you open a Tide business account. T&Cs apply

Tide Business Bank Account

  • Monthly Fee
    Free
  • Card Purchases
    Free
  • Bank Transfers
    20p
  • Overdraft
  • Access Methods
    App/Online

    • No cheque facilities

    • Cash deposits via Post Office (0.5% fee, minimum £2.50) and PayPoint (3% fee)

Product Features
  • Create and send invoices for free
  • Multi-business – hold up to 5 business accounts
  • Automated 30-day cash flow forecasts
Eligibility Criteria
  • For registered business account: you must be registered with UK Companies House as a director of that company or partnership
  • For sole trader account: you must be a UK based sole trader/freelancer
  • For all accounts: you must be aged 18+, have a valid UK phone number and address, and hold compatible device registered to a UK App or Google Play store
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How to compare business bank accounts…

Understand your requirements

How you do business will effect the type of account you need. How many transactions will you have each month? Do you need to pay in cash? Do you need a local branch?

Check eligibility

Most providers have a range of business accounts to suit different types of businesses. Check the eligibility of each account to make sure if suited to your business.

Compare the latest deals and offers

There are numerous offers and deals to attract new customers which can be compared with our handy tool above. Always consider the cost of the account once the free period ends

Latest Business Banking News & helpful guides

How Can You Value A Business?

October 3, 2024

We guide you through the key considerations and steps in choosing the best bank account for your business needs.