No Credit Check Business Bank Accounts
Stop searching and start comparing
Compare business bank accounts which require no credit check up front using our quick and simple table below.
Promoted Accounts – April 2024
Compare Business Bank Accounts
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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
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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 card 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
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Monthly Fee
Contact Revolut -
Card Purchases
Free -
Bank Transfers
Contact Revolut -
Overdraft
-
Access Methods
App/OnlineNo 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
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Monthly Fee
FreeNo monthly fee for first 3 months, then £18 thereafter -
Card Purchases
Free -
Bank Transfers
£0.30 -
Overdraft
-
Access Methods
AppNo 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
-
Monthly Fee
FreeNo monthly fee for first 3 months, then £9 thereafter -
Card Purchases
Free -
Bank Transfers
£0.30 -
Overdraft
-
Access Methods
AppNo 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
-
Monthly Fee
£12.50Plus 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/OnlinePay 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
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Monthly Fee
FreeNo monthly fee for first 3 months, £3 per month thereafter -
Card Purchases
Free -
Bank Transfers
30p -
Overdraft
-
Access Methods
AppNo 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
-
Monthly Fee
Free -
Card Purchases
Free -
Bank Transfers
FreeSWIFT 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.
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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
-
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
-
Monthly Fee
FreePlus a one-off card issue fee of £9.95 -
Card Purchases
Free -
Bank Transfers
3 free per month3 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
-
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
Earn up to 4.33% AER (variable) with the Tide Instant Saver Account (interest paid monthly).
Award-winning business account
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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/OnlineNo 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
Exchange money in 30+ currencies at interbank rates
Refine Your Search
- Freelancer Bank Accounts
- Best Business Bank Accounts
- Free Business Bank Accounts
- Joint Business Bank Accounts
- Small Business Bank Accounts
- Sole Trader Business Bank Accounts
- Multi Director Access Business Accounts
- No Credit Check Bank Accounts
- Switcher Business Bank Accounts
- Online Business Bank Accounts
- Bad Credit Business Bank Accounts
- Corporate Business Bank Accounts
- Self Employed Business Bank Accounts
- Start Up Business Bank Accounts
- International Business Bank Accounts
How to compare business bank accounts…
Step One
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?
Step Two
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.
Step Three
Compare the latest deals and offer
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
Comparing UK Business Bank Accounts with No Credit Check
The traditional banking paradigm often involves credit checks, a practice that can be a hindrance for many budding businesses or those with a less-than-stellar credit history. Recognising this gap, several financial institutions in the UK now offer business bank accounts with no credit checks. These accounts cater to a niche but crucial segment, providing them a lifeline in the competitive business landscape. If you’re considering such an account, here’s a comprehensive guide to comparing your options.
Understanding the Offering
Firstly, it’s crucial to understand what ‘no credit check’ means. Typically, these banks will not conduct a full credit check but they still carry out basic identity checks to comply with anti-money laundering regulations. Ensure you know the extent of the checks and what information you’ll need to provide.
Accessibility and Ease of Set-Up
One of the primary reasons businesses opt for no credit check accounts is the promise of swift and hassle-free setup. Compare how different banks fare on this front. Some might offer instant online set-up, while others might require a visit to a local branch or submission of specific documents.
Fees and Charges
Often, no credit check accounts come with a slightly higher fee structure, given the perceived risks banks are taking. Understand these fee structures in detail. This includes monthly maintenance fees, transaction charges, and any hidden costs – our guide to business banking fees may help. Remember, the cheapest option might not always be the best, but it’s essential to ensure you’re getting value for your money.
Features and Functionality
While the primary lure might be the absence of a credit check, the account’s features remain pivotal. Does the bank offer online banking, mobile banking, overdraft facilities, or business insights? Compare the functionalities on offer to ensure you’re not compromising on essential features.
Customer Support
Businesses, especially those in their infancy or facing financial challenges, might require robust customer support. Check if the bank offers dedicated business support, the responsiveness of their helplines, and the availability of relationship managers or advisors.
Flexibility
Your business needs today might differ from those tomorrow. Opt for a bank that offers flexibility, be it in terms of transaction limits, international transactions, or the ability to switch to a different type of account in the future.
Additional Services
Beyond the basic banking services, see what additional services the bank provides. This could range from networking opportunities, access to business loans or credit facilities, and even business advice or mentorship programs. However, remember any credit facilities may not be possible if your credit score remains low.
Reviews and Feedback
Given the niche nature of no credit check accounts, reviews and feedback from other businesses can be invaluable. Explore online forums, business communities, and review platforms to gauge the real-world efficiency and reliability of these accounts.
Security Measures
While these accounts might not delve deep into your credit history, security remains paramount. Investigate the bank’s security protocols, fraud detection mechanisms, and the safety of online and mobile platforms.
For many businesses in the UK, no credit check bank accounts are more than a convenience; they’re a necessity. Such accounts ensure that financial missteps from the past don’t hinder current aspirations. However, the choice of bank and account type should not be made hastily. By considering the factors highlighted above, businesses can ensure they’re not just getting an account, but a financial partner that supports and propels their ambitions. In the world of business, where every decision can have cascading implications, choosing the right bank account is a foundational step towards sustained success.