Compare our best business bank account offers

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Revolut Business Basic Account
No monthly fees, hold and exchange 25+ currencies
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Anna Business Current Account
All taxes sorted, try for £3 / month
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All business bank account deals

15 results found, sorted by affiliated products first. How we order our comparisons. Commission earned affects the table's sort order.
No monthly fees, hold and exchange 25+ currencies

Revolut Business Basic Account

Account fee
No account fee
Free Banking Duration
No
Interest rate
0% AER
Business account with multi-currency wallets and smart debit cards. Track expenses, set up teams and permissions and accept online card payments easily. Integrated with your accounting software of choice.
Sign up today and unlock 1 month of a paid plan without subscription fees. T&Cs apply.
More Information
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
UK Resident
All taxes sorted, try for £3/month

Anna Business Current Account

Account fee
No account fee
Free Banking Duration
No
Interest rate
0% AER
The smartest business account in the UK. All taxes calculated and filed automatically. Invoice managing and receipts scanner. Payment collection link. Up to 35% cashback on selected categories. Set up in under 10 minutes.
More Information
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
UK Resident
Eligibility: Business 1+ years in age & £50k minimum balance

Allica Bank Business Current Account

Account fee
No account fee
Free Banking Duration
No
Interest rate
0% AER
A business current account with zero monthly fees, 4.33% AER (variable) instant access Savings Pot (interest paid monthly), up to 1.5% cashback on eligible card spend*, UK-based customer support and a dedicated relationship manager.
Eligibility criteria and T&Cs apply. View Business Rewards Account Terms and Conditions on Allica bank website.
More Information
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
UK Resident
Moneyfacts Business Current Account 2023 5 Star Rating

Virgin Money Business Current Account

Account fee
£6.50 per month
Free Banking Duration
25 months
Interest rate
0% AER
25 months' fee free day-to-day banking for start-ups and switchers (excludes CHAPS and international payments).. Includes free MasterCard business savings, debit card cashback, plus digital money management tools.
This account is available for eligible businesses with a turnover of less than 6.5m. Please allow up to 72 hours from registering your business with Companies House, before starting an application. Virgin Money is a trading name of Clydesdale Bank PLC
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Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
UK Resident
An online account for international success

Airwallex Business Account

Account fee
No account fee
Free Banking Duration
No
Interest rate
0% AER
Your business account for global success. Multi-currency accounts, high speed international transfers, borderless cards, expense management, and online payments - all in one platform.
More Information
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
UK Resident
Free day-to-day online business banking

Virgin Money M Account for Business

Account fee
No account fee
Free Banking Duration
No
Interest rate
0% AER
Free online day-to-day business banking (excludes CHAPS and international payments). For business with annual turnover less than £1 million.
Please allow up to 72 hours from registering your business with Companies House, before starting an application.
More Information
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
UK Resident
£50 voucher when you open a Tide business bank account. T&Cs apply

Tide Business Bank Account

Account fee
No account fee
Free Banking Duration
No
Interest rate
0% AER
Earn 4.33% AER (variable) with the Tide Instant Saver account (interest paid monthly) and get access to your funds at any time. Eligibility criteria and T&Cs apply.
*To qualify you must spend £100 within 30 days, T&Cs apply.
More Information
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
UK Resident
Best Business Banking Provider – British Bank Awards 2023 Finalist

Zempler Bank (formally Cashplus) Business Account

Account fee
No account fee
Free Banking Duration
No
Interest rate
0% AER
Instant online decision, no paper forms and no interview required. You will get your account number and sort code within minutes of completing your application.
The account is available to limited companies, partnerships, sole traders and charities. Funds are FSCS protected.
More Information
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum balance£500,000
UK Resident
For £400k-£6.5m turnover

Barclays High Value Switchers Business Account

Account fee
£8.50
Free Banking Duration
12 months
Interest rate
0% AER
No monthly fees for 12 months, for new customers, then £8.50 pm. Charges for some bank transfers and card payments apply. Free invoice and accounting software, provided by FreshBooks, with your Barclays business account, worth over £260 pa. T&Cs apply
More Information
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
UK Resident
For turnover up to £400,000

Barclays Switchers Business Account

Account fee
£8.50
Free Banking Duration
12 months
Interest rate
0% AER
No monthly fees for 12 months, for new customers, then £8.50 pm. Charges for some bank transfers and card payments apply. Free invoice and accounting software, provided by FreshBooks, with your Barclays business account, worth over £260 pa. T&Cs apply
More Information
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
UK Resident
Make and receive international transactions

Card One Money Small Business Account

Account fee
£12.50 per month
Free Banking Duration
3 months
Interest rate
0% AER
Provider aims to open your account within a matter of hours with no credit checks, verification of identity and residency only. Available to all business types. Pay in cash and cheques at your local Barclays, make and receive international payments and grow your business effortlessly with Card One Money.
£55 application fee. The Card One Money Business Account is not covered by the Financial Services Compensation Scheme, see product FAQs for more information.
More Information
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
UK Resident
For turnover up to £400,000

Barclays Start-up Business Account

Account fee
£8.50
Free Banking Duration
12 months
Interest rate
0% AER
No monthly fees for 12 months, for new customers, then £8.50 pm. Charges for some bank transfers and card payments apply. Free invoice and accounting software, provided by FreshBooks, with your Barclays business account, worth over £260 pa. T&Cs apply
More Information
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
UK Resident

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Compare another type of current account

What type of current accounts are you looking for?

Our services are provided at no cost to you. We may receive a commission from the companies we refer you to, but this does not affect what you will pay for the product you choose.

What is a business bank account?

If you are the owner of a business or a sole trader, a business bank account helps to separate your company finances from your personal finances. Additionally, they’re specifically designed to help you run your business with business-friendly services and features.

So, just like people have personal current accounts, businesses need bank accounts to carry out everyday transaction - from purchasing raw materials to paying employees and contractors.

How to find the best business bank account for you

Use the table above to compare business bank accounts, then click “view deal” next to your chosen option and follow the online application process on the bank’s own website.

It’s possible to have your online business bank account up and running in minutes, but to ensure the process is a smooth one, take the time to collect as much information as possible about your business before you apply. You should also check that your business meets any specific conditions set by the bank – such as its size or turnover.

What to look for in a business account

Your company’s specific banking needs will determine the best business bank account for you, because each bank offers different features. Take the time to compare them all to discover which one fits your business’s needs best.

If you're a sole trader...

As a sole trader, you know the importance of keeping costs to a minimum wherever possible. A business bank account with no monthly fees helps you achieve just that.

Sole traders might also wish to investigate digital or app-based banking. Digital banks don't have physical branches that you can visit but instead use an app on your smartphone. These banks offer a slew of innovative features such as:

  • Notification of instant payments

  • Tools to help you analyse your spending

  • Digital receipts

  • A way to compartmentalise costs

If you're a small business owner...

Bookkeeping can be a hassle for small business owners, who do not always have staff to handle this type of work. However, some business bank accounts provide services such as instant invoicing, automated expense categorisation and VAT returns.

These solutions may come with a small monthly premium, but it may be worth considering if it reduces the cost of hiring specialists or subscribing to another digital service.

How much do business bank accounts cost?

Business bank account fees vary between providers and according to various factors such as the account type, your account balance, and what kind of transactions are made using it.

Here are some examples of the types of additional fees you may be charged:

  • Monthly fee: ranges from £3 to £50

  • Cash withdrawals: charges of 20p to £1 per withdrawal

  • Cheques: you may be charged from 20p to £1 for each cheque written

  • Cash deposits: again, a charge of 20p to £1 may be levied for each deposit

  • Bank transfer: typically, 20p-£1 per transfer

It makes sense to review the transactions most frequently used by your business and see what fees they incur. This will help steer you towards the best business account for your specific needs. Read our guide to find out how much a business bank account costs.

The benefits of a business bank account

The primary benefit of using a business bank account is that it helps you separate your business and personal finances, but there's more to it than that. Here are some additional benefits of a business bank account:

  • Plug-in accounting software: Integrating FreeAgent, Xero or Quick Books into your bank account means that transactions are fed in automatically

  • Automatically save for tax: You can set up rules so that a percentage of each transaction is set aside for future tax payments

  • Benefit from multi-user access: This feature means that several users can operate the accounts

  • Track your invoices: Stay on top of your invoicing with automated tools

  • Get an overview of your budget and spending: Business accounts let you create budgets and automatically categorise transactions

  • Enjoy instant UK bank transfers: This lets you send and receive money instantly within the UK

  • Access personalised help when you need it: Many accounts offer 24/7 customer support

  • Ensures you meet legal obligations: Limited companies must have business bank accounts¹

"Business accounts can help you keep track of your professional spending. Just like with personal current accounts, you should compare to find one with the best features for you.

"Make sure you know what fees and charges will apply to your account before you open it."

Top tips for using business bank accounts

  • Keep your business and personal finances separate

Although it is possible to use the same account to make business and personal transactions if you're a sole trader or small business, it complicates things. Differentiating your mortgage, credit card payments, or food shopping from business transactions is a challenge, especially as your business starts to grow. It's better to keep things separate from the start so that you don't have to untangle things in the future.

  • Make use of introductory offers

Banks often try to attract new customers by giving them free business banking for a set period of time after they open a new account. Typically, this period lasts between three and 18 months. If you're starting a new business, introductory offers are a great way to keep costs down while you're getting established.

  • Look into app-based banks

A more recent addition to the banking landscape, app-based banks (aka challenger banks) do not have physical branches but operate instead as apps on a smartphone. Many of these banks offer a slew of innovative features for businesses.

How to switch to a new business bank account

Check for an easy switch

If your company has fewer than 50 employees, you're eligible to use the Current Account Switch Service. This quick, hassle-free service is available to smaller businesses for free.

Talk to your bank

If your business has more than 50 employees, you will need to speak to your current bank to find out how you can switch to a different business bank account provider.

Enjoy your new account!

Business bank accounts are often ready to use within minutes, so you can benefit from new features straight away. With others, you may need to provide additional documentation.

Business bank account FAQs

How long does it take to get a business account?

In terms of how long it takes to get a business account, it's possible to open a business bank account in minutes if you apply online or in a branch. However, it may take longer if the bank needs more documentation or has to run any checks.

Can I have more than one business current account?

Yes, you can have more than one business current account.

Can I use my personal account instead?

Your bank may let you use your personal account for business transactions if you are a sole trader or your business is a partnership. Incorporated and limited companies must use business accounts.

How much can I pay into my business account?

In regards to how much you can pay into a business account, most accounts have a minimum and maximum balance set by the bank. You may be charged a fee if your balance gets too low or high.

Can you get a business bank account with bad credit?

Yes. You can get a business bank account with bad credit, but your options may be limited. You may also find that you're restricted to a more basic business account.

Can you send and receive international payments from my business account?

Yes, you can send and receive international payments from your business acccount, although in some cases, you may be charged for non-sterling transactions. These fees vary depending on which bank you use, so it's worth shopping around if you regularly deal with foreign currency in your business.

Are business bank accounts covered by the FSCS?

Yes. Just like other accounts, business bank accounts are covered by the FSCS up to £85,000 per banking license. But be aware that sometimes different banks often operate under a single shared banking license e.g. Halifax and Bank of Scotland, which are both owned by the Lloyds Banking Group.

Explore business and current account guides

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Why compare bank account deals with money.co.uk?

Comparing business accounts could save you money. Our multiple award-winning comparison service makes sure you get the lowest fees and rates possible based on your individual circumstances. Our aim is to provide you with the most up-to-date information, as well as useful tools and calculators so to help you make life's most important decisions and take control of your money.

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About our current accounts comparison

Who do we include in this comparison?

Our comparison tables include providers we have commercial arrangements with. The number of listings in our tables can vary depending on the terms of those arrangements, as well as other market developments. They are all from lenders regulated by the Financial Conduct Authority (FCA). Here is more information about How our website works.

How do we make money from our comparison?

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.

¹You can find out more about the legal accounting responsibilities of running a limited business on the GOV.UK website.

Last updated: June 9, 2023