Limited company bank accounts, July 2026
Compare bank accounts for your limited company
Keep your limited company compliant and organised with a dedicated business account. Stay in control of your finances and unlock features tailored for business success.
11 results found, sorted by Affiliated products first. How we order our comparisons. Commission earned affects the table's sort order.
Get £120 cashback when you open a Tide business bank account
Tide Business Bank Account
Account fee
No account fee
FSCS Protection
Yes
Account management
App, Online, Phone
Set-up time
Instant decision
Register your business for £14.99 through Tide with Companies House, Get a Free instant saver account which gives you up to 4% AER when you sign up for your Tide business bank account. Eligibility and T&Cs apply. 1 month free on any paid plan. FSCS-Protected, Bank Account by ClearBank.
Get £120 cashback when you open a Tide business bank account by 30th September with code 120RVU. T&Cs apply.
More Information
Good to know
- Fast and easy account setup - open an account within minutes which saves time and gets your business up and running quickly
- No monthly fees - only pay for what you need, then upgrade as your business grows
- Free MTD tool included.
- Expense management and invoice tools - you can easily track your business expenses and create invoices in the app for faster invoicing
- Access a competitive savings account - get more for your money by earning up to 4% AER (variable) with the Tide Instant Saver and access funds at any time
Eligibility
| Availability | Limited companies & sole traders |
| Registration | Business registered & trading in UK |
| Max. annual turnover | Unlimited |
| UK Resident |
Get £200 Cashback and Earn up to 4% AER (variable)
Tide Business and Savings Account
Account fee
No account fee
FSCS Protection
Yes
Account management
App, Online, Phone
Set-up time
Instant decision
Save more, earn more - up to 4% AER (variable). Interest rates are tiered, with the top rate for balances over £1M. Each tiered rate applies to the portion within that range. New Tide members get these rates free for 6 months; after that, your Tide plan’s rates apply.
More Information
Good to know
- Easy account set up – open both a Tide Business Bank Account and Tide Instant Saver to get £200 cashback (T&Cs apply)
- Make your money work harder – earn up to 4% AER (variable) with no cap on deposits and instant access to your savings
- Only pay for what you need – no monthly fees on your business account
- Manage your money from anywhere – track expenses, create invoices, and oversee finances easily in the Tide app
Eligibility
| Availability | Limited companies & sole traders |
| Max. annual turnover | Unlimited |
| UK Resident |
Get £100 when you open a Revolut Business account and deposit £0.01
Revolut Business Basic Account
Account fee
£10.00per month
FSCS Protection
Yes
Account management
App, Online, Phone
Set-up time
Instant decision
Account Integrations: Clear Books, FreeAgent, QuickBooks, Sage, Xero
The all-in-one business account to manage your business finances. Send, receive and hold 25+ currencies. Integrate with your accountancy software, such as Xero, Quickbooks, Sage, FreeAgent, Clear Books. Track expenses, set up controls and accept online card payments easily.
Get a £100 welcome bonus when you sign up to Revolut Business and add at least £0.01 to your new account by 31 Dec 2026. Fees, promotion terms and T&Cs apply.
More Information
Good to know
- Issue physical and virtual cards – manage cards for you and your team to control spending and improve security
- Account integrations with Clear Books, FreeAgent, QuickBooks, Sage and Xero - helps to streamline accounting and reduces human error
- Hold and exchange 25+ currencies with multi-currency wallets and smart debit cards - useful if you’re involved in international trade or working with global clients
- Automate exports and integrations – automatically export transactions to accounting software and use integrations like Slack and Zapier to reduce admin
Eligibility
| Availability | Limited companies & partnerships |
| Max. annual turnover | Unlimited |
| UK Resident |
Best Business Current Account Provider (Moneyfacts 2026) + 6 months free Xero (T&Cs apply)
Virgin Money M Account for Business
Account fee
No account fee
FSCS Protection
Yes
Account management
App, Branch, Online, Phone
Set-up time
2-4Days
Account Integrations: Xero, QuickBooks, Sage
Free day-to-day online banking (excludes CHAPS and international payments). Unlimited 0.25% cashback on eligible debit card spend and 6 months free Xero (T&Cs apply). Five-Star Rated by Moneyfacts 2025.
For businesses with annual turnover less than £1 million. Limited Companies: allow up to 72 hours from registering with Companies House before starting an application.
More Information
Good to know
- No monthly fees – manage your business finances without any hidden charges, helping you keep banking costs low
- 0.25% cashback on debit card purchases – reward your everyday spending and reinvest savings back into your business
- Seamless integration with QuickBooks, Xero, and Sage – automate accounting tasks and streamline your bookkeeping process
- Compatible with Apple Pay and Google Pay - make contactless payments easily from your phone
Eligibility
| Availability | Limited companies, partnerships & sole traders |
| Max. annual turnover | £1,000,000 |
| UK Resident |
No monthly account fee and free UK digital banking*
HSBC UK Small Business Banking Account
Account fee
No account fee
FSCS Protection
Yes
Account management
App, Online, Phone & Branch
Set-up time
9days
*Free UK digital banking means day-to-day standard electronic transfers made through Business Internet Banking and HSBC UK Business Banking app are free. Other charges apply e.g. cheques and CHAPS. See Business Price List for details. Subject to application, eligibility, credit check and T&Cs.
AER stands for Annual Equivalent Rate and shows how much interest you’d earn on money in the account over a year, assuming the interest is compounded (i.e., interest is added and then earns interest itself).
More Information
Good to know
- With no monthly account fee, this is a cost-effective option if you’re just starting out or looking to keep overheads low.
- Your money is protected under the Financial Services Compensation Scheme (FSCS), so your funds are covered up to £120,000 if the bank goes out of business – giving you extra peace of mind.
- App, online, phone, Post Office and in-branch account management – giving you flexible, multi-channel access to your money wherever and however you prefer to bank.
- Free standard electronic transfers made through Business Internet Banking on your primary current account – helping you cut costs on everyday business banking while keeping things simple and transparent
Eligibility
| Availability | Limited companies, partnerships & sole traders |
| Max. annual turnover | £6,500,000 |
| UK Resident |
Best Business Current Account Provider (Moneyfacts 2026) + 6 months free Xero (T&Cs apply)
Virgin Money Business Current Account
Account fee
25months free, then£6.50per month
FSCS Protection
Yes
Account management
App, Branch, Online, Phone
Set-up time
5-7Days
Account Integrations: Xero, QuickBooks, Sage
25 months' free day-to-day banking for startups and switchers (excludes CHAPS and international payments). Earn cashback and get 6 months free Xero (T&Cs apply). Five-Star Rated by Moneyfacts 2026.
This account is available for eligible businesses with a turnover of less than £6.5m. For Limited Companies, please allow up to 72 hours from registering your business with Companies House before starting an application.
More Information
Good to know
- Created for you - this account is for start-ups, sole traders and limited companies with an annual turnover of less than £6.5m
- Integration with Sage, Xero and Quickbooks - helps to streamline accounting and reduces human error, plus there’s automated business spending categorisation
- No fees - 25 months’ fee-free day-to-day banking for start-ups and switchers which helps to reduce costs (excludes CHAPS and international payments)
- Compatible with Apple Pay and Google Pay - make contactless payments easily from your phone
Eligibility
| Availability | Limited companies, partnerships & sole traders |
| Max. annual turnover | £6,500,000 |
| UK Resident |
Tide Business Bank Account (CASS Switch)
Account fee
No account fee
FSCS Protection
Yes
Account management
App, Online, Phone
Set-up time
Instant decision
Account Integrations: Xero, Quickbooks, Sage, FreeAgent, Freshbooks, KashFlow, Clear Books, Crunch
FSCS-protected, Bank account by Clearbank. T&Cs apply
More Information
Good to know
- Switch your account easily with CASS – move payments, Direct Debits, and Standing Orders to Tide with the Current Account Switch Service
- No monthly fees - only pay for what you need, then upgrade as your business grows
- Expense management and invoice tools - you can easily track your business expenses and create invoices in the app for faster invoicing
- Access a competitive savings account - get more for your money by earning up to 4% AER (variable) with the Tide Instant Saver and access funds at any time
Eligibility
| Availability | Limited companies & sole traders |
| Registration | Business registered & trading in UK |
| Max. annual turnover | Unlimited |
| UK Resident |
Join 800,000+ businesses banking with Monzo
Monzo Business Lite Account
Account fee
No account fee
FSCS Protection
Yes
Account management
App, Online, Phone
Set-up time
1Day
Monzo Business Lite gives you free UK bank transfers, effortless accounting with receipt uploads, 24/7 customer support and money management with Pots. Accept payments online or in person. 0% AER.
T&Cs apply. Must be a UK resident and a limited company or sole trader. The best of Monzo for your business. A free, streamlined account that makes it easy for your customers to pay, including contactless in-person payments. Lite is always free.
More Information
Good to know
- Free UK bank transfers - these fees can add up quickly, so it helps to keep costs down
- 24/7 customer support - if you have any issues there’s a team ready to help which means you can focus on running your business
- Money management - separate money with Pots, receive payments through a single link and effortless accounting via receipt uploads to support your business
- Unlock interest - earn 1.30% AER (variable) on funds in your Instant Access Pots and interest is paid monthly so you can easily see your money grow
Eligibility
| Availability | Limited companies & sole traders |
| UK Resident |
Free corporate expense management solution
Wallester Business
Account fee
No account fee
FSCS Protection
No
Account management
App, Online, Phone, Branch
Set-up time
1Day
Wallester Business is an e-money institution, not a bank. Services subject to eligibility, KYC checks, limits and applicable fees. Terms and conditions apply.
Wallester Business is a corporate expense platform offering real-time control over company spending. Issue up to 300 free virtual Visa cards, set limits, track expenses instantly, and integrate with Xero or QuickBooks. Free plan with no monthly fees.
More Information
Good to know
- Instant cards for your team – issue unlimited physical up to 300 virtual VISA business cards in seconds
- Keep spending under control – set limits, monitor expenses, and digitise receipts automatically
- Only pay for what you need – no monthly fees on the Free plan, just top up as you grow
- FSCS protection does not apply – Wallester is a fintech, not a bank
Eligibility
| Availability | Limited companies, partnerships & charities |
| Max. annual turnover | Unlimited |
| UK Resident |
Get £200 when you open a Business Bank Account and an eligible savings account*
The Co-operative Bank Business Bank Account
Account fee
No account fee
FSCS Protection
Yes
Account management
App, Branch, Online, Phone
Set-up time
5Days
Account Integrations: QuickBooks, Sage, Xero
*Offer applies to new Co-operative Bank business customers. Min. balance and transactional criteria applies for up to the first 4 months. Must be a UK resident, 18+ & have a UK business address. Application subject to status, eligibility and T&Cs.
Charges apply for cash & cheque transactions & other special services, e.g foreign and CHAPS payments. Mobile banking subject to eligibility.
More Information
Good to know
- No monthly fee – a cost-effective solution for startups and growing businesses looking to bank digitally without overhead charges
- Discounted payment terminals and free Go Get Paid access – this makes it easier to process payments and manage transactions smoothly
- Accountancy software integration – streamline bookkeeping by connecting with your preferred accounting tools, saving time and reducing errors
Eligibility
| Availability | Limited companies, partnerships & sole traders |
| Registration | UK business address |
| Max. annual turnover | Unlimited |
| UK Resident |
Exclusive savings rate and overdraft benefits and rated ‘Excellent’ on Trustpilot
The Co-operative Bank Business Bank Account Plus
Account fee
£10.00per month
FSCS Protection
Yes
Account management
App, Branch, Online, Phone
Set-up time
5Days
Account Integrations: QuickBooks, Sage, Xero and more
Exclusive savings rate and overdraft benefits. Access to our business toolbox, plus extra exclusive benefits. Charges apply for cash, cheque transactions & other special services. Applicants must be 18+. Mobile banking is subject to eligibility.
Optional overdraft with no arrangement fee on amounts up to £25,000. Arrangement fees apply to only the amount above £25,000. Interest will be charged & where security is required additional security fees may apply (subject to status and eligibility).
More Information
Good to know
- Business toolbox access – get support for your business needs, plus save up to £70 with a Love2Shop voucher when you take out eligible business insurance
- Accountancy software integration – connect seamlessly with platforms like Sage, Xero, and QuickBooks to streamline bookkeeping and reduce admin time
- Bank with confidence – eligible deposits are protected up to £120,000 by the FSCS, and the provider is rated 'Excellent' on Trustpilot (with over 15,000 reviews)
Eligibility
| Availability | Limited companies, partnerships & sole traders |
| Max. annual turnover | Unlimited |
| UK Resident |
What is a limited company bank account?
A limited company bank account is a business account held in your company's name. In the UK, opening one is a legal requirement for limited companies, keeping your business and personal finances properly separate.
Why you need a business bank account for your limited company
Because a limited company is a separate legal entity, its money must be kept separate from your personal finances. Directors are responsible for keeping clear, accurate records and reporting company income and expenses correctly, and a dedicated business bank account is the simplest way to stay organised and compliant.
You’ll need reliable records to file accounts with Companies House and submit accurate returns to HMRC.
Key benefits
Clear separation - Keep company and personal transactions distinct
Better cash flow visibility - Track income and expenses more easily
Simpler tax reporting - Maintain accurate records for filings and expenses
Avoid breaching bank terms - Some personal accounts may prohibit business use
Build company credit history - Helpful when applying for loans or trade credit
Professional credibility - Clients and suppliers can pay a company account
Useful tools - Access invoicing features and accounting software integrations
What features do business current accounts offer?
For limited companies, business current accounts provide essential tools to manage finances smoothly. From seamless online banking to integration with accounting software, business account features can help you stay organised and efficient.
Main features
Online and mobile banking: Access your account anywhere at any time
Multiple user access: Allow business partners or employees to manage finances with customised permissions
Overdraft facilities: Secure short-term credit to manage cash flow gaps
Accounting software integration: Sync with accounting platforms like Xero or QuickBooks to streamline financial management
Integrated payment solutions: Make and receive payments through multiple channels - including card payments and direct debits
Customer support: Access expert business banking advice and support when you need it
How to choose the best limited company bank account
Choosing the right limited company bank account depends on both your business needs and your banking habits. Here are the key factors to consider:
Fees and charges
Compare account fees, including monthly charges, transaction costs, and international payment fees. Some banks offer free banking for a limited period.
Eligibility requirements
Some banks require a minimum turnover or for the business to have UK-based directors. Make sure you meet the criteria before applying.
Accounting software integration
Look for accounts that sync with tools like Xero, QuickBooks, or Sage to simplify bookkeeping. This is especially useful when tax season comes around.
Payment and deposit options
Ensure the account supports the types of transactions you need, such as cash deposits, direct debits, international transfers, or card payments.
Perks and additional services
Look for extras like overdraft facilities, cashback, or free business tools that could benefit your company.
Pros and cons of a business bank account
Pros
A business account helps present a more professional image, maintaining clear separation between personal and business finances
Helps ensure you stay compliant with business regulations and prevents any issues with your bank for using a personal account for business transactions
In the event of a HMRC investigation, having separate accounts will protect your personal finances from scrutiny and ensure your business finances are accessible
Access to business-specific banking services, including expert advice, loans, and financial tools
Features like invoicing, integrations with accounting software, and budgeting tools can help streamline your business operations
Establish a credit history for your company, which is essential for future loans and credit applications
Cons
Many business accounts have monthly fees, transaction charges, or additional costs not generally associated with personal accounts
Banks may require specific documentation for your business to meet certain criteria
Managing multiple accounts could mean more paperwork, passwords, and account management
What do you need to open a bank account for a limited company?
To open an account, banks will typically require a combination of personal identification, business details and supporting documents.
Requirements vary depending on the bank, but as a general rule you’ll need:
Personal identification
Proof of identity: Passport, UK driving licence, or EU national identity card
Proof of address: Recent council tax bill, tenancy agreement, mortgage statement, or a bank/utility bill (dated within the last three months)
Proof of residency (if applicable): Non-EU citizens may need to provide a visa or evidence of indefinite leave to remain
Business documentation
Certificate of incorporation (not always required, but often useful)
Memorandum and articles of association
Estimated annual turnover as well as the number of monthly transactions you expect to go through in an average month
Details of international business activity (if applicable)
Some banks let you apply before your company is registered, while others require full incorporation. Online banks may also ask for a selfie or short video for identity verification. Having your documents ready will speed up the process.
How to set up a bank account for a limited company
Setting up a business bank account for a limited company is typically a straightforward process, but you'll need to provide the right documents and follow a few key steps.
Choose the right bank account
Compare business bank accounts based on features and fees. Consider factors such as integration with accounting software, online banking tools, and customer support availability.
Gather your documents
Proof of identity (passport or driving licence) for company directors, proof of address (utility bill or bank statement), certificate of incorporation, memorandum and articles of association and Companies House registration number
Complete your application
Most banks allow you to apply online, while some may require an in-person appointment. You'll need to provide details about your company, including its registered name, address, and the nature of the business.
Undergo checks
The bank will perform identity and financial checks to ensure compliance with anti-money laundering regulations. This may take a few days, depending on the bank.
Receive your account details
Once approved, you’ll get your business account number and sort code. You can then start using your account for business transactions, setting up direct debits, and integrating accounting software.
FAQs
More on limited company bank accounts
Our experts explain what you need to know about limited company bank accounts
How to set up a business bank account
Your guide to setting up a limited company
Benefits Of A Business Bank Account
About the author
Joe Phelan
Joe joined the money.co.uk team in 2024, where he helps small business owners navigate the often confusing world of business finance. His role is to cut through the jargon and create clear, actionable content that empowers entrepreneurs to make confident financial decisions.
Didn't find what you were looking for?
Other business bank account options
Customer Reviews
Rated 4.1 out of 5
by 1,077 people
Everything you need to gain credit for…
Everything you need to gain credit for your business
Michael Ver-yard
Very fast and efficient. From start to finish it was easy to follow the application.
Very fast and efficient.
SAL
Great website
Great website, very easy to use and compare options. Clear information and really helpful for making decisions quickly.
customer
We’ve been featured in
