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Barclays Business Bank Account Review

Barclays Bank is a UK-authorised high street bank that offers accounts for start ups and established businesses. Compare their products below to find our more or apply online today.

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3 Products Compared

 
Get Your First 12 Months Free*

Barclays Start-up Business Bank Account

  • Monthly Fee
    Free
    No monthly account fee for the first 12 months, for new customers, then £8.50 per month. T&Cs apply.
  • Card Purchases
    Free
    Charges for some bank transfers and card payments apply.
  • Bank Transfers
    Free
    Charges for some bank transfers and card payments apply.
  • Overdraft
  • Access
    App/Online/Branch
Get Deal
More Info
Product Features
  • No monthly account fee* plus access to discounted services via key partners to help you set up and run your business effectively, worth over £5000**
  • A UK-based team of business managers to help you manage and grow your business
  • Simple and secure online banking with group payments and cash collection booking tools
Eligibility Criteria
  • Businesses with existing Barclays business current accounts aren't eligible for this offer. After 12 months, you'll pay £8.50 per month. Fees and charges will apply in line with the business account tariff which may be subject to change.
  • Must be over 18, a UK resident and a sole trader or the director of a limited company
  • Overdrafts are subject to application, financial circumstances and borrowing history.
*Businesses with existing Barclays business current accounts aren’t eligible for this offer. After 12 months, you’ll pay £8.50 per month. Fees and charges will apply in line with the business account tariff which may be subject to change.
**Terms and conditions apply per partner, see partner website for details
 
Get Your First 12 Months Free*

Barclays Business Bank Account (£400k-£6.5m turnover)

  • Monthly Fee
    Free
    No monthly account fee for the first 12 months, for new customers, then £8.50 per month. T&Cs apply.
  • Card Purchases
    Free
    Charges for some bank transfers and card payments apply.
  • Bank Transfers
    Free
    Charges for some bank transfers and card payments apply.
  • Overdraft
  • Access
    App/Online/Branch
Get Deal
More Info
Product Features
  • No monthly account fee* plus access to discounted services via key partners to help you set up and run your business effectively, worth over £5000**
  • A UK-based team of business managers to help you manage and grow your business
  • Simple and secure online banking with group payments and cash collection booking tools
Eligibility Criteria
  • Businesses with existing Barclays business current accounts aren't eligible for this offer. After 12 months, you'll pay £8.50 per month. Fees and charges will apply in line with the business account tariff which may be subject to change.
  • Your turnover must be between £400,000 and £6.5 million per year
  • Must be over 18, a UK resident and a sole trader or the director of a limited company
  • Overdrafts are subject to application, financial circumstances and borrowing history.
*Businesses with existing Barclays business current accounts aren’t eligible for this offer. After 12 months, you’ll pay £8.50 per month. Fees and charges will apply in line with the business account tariff which may be subject to change.
**Terms and conditions apply per partner, see partner website for details
 
Get Your First 12 Months Free*

Barclays Business Bank Account (up to £400k turnover)

  • Monthly Fee
    Free
    No monthly account fee for the first 12 months, for new customers, then £8.50 per month. T&Cs apply.
  • Card Purchases
    Free
    Charges for some bank transfers and card payments apply.
  • Bank Transfers
    Free
    Charges for some bank transfers and card payments apply
  • Overdraft
  • Access
    App/Online/Branch
Get Deal
More Info
Product Features
  • No monthly account fee* plus access to discounted services via key partners to help you set up and run your business effectively, worth over £5000**
  • A UK-based team of business managers to help you manage and grow your business
  • Simple and secure online banking with group payments and cash collection booking tools
Eligibility Criteria
  • Businesses with existing Barclays business current accounts aren't eligible for this offer. After 12 months, you'll pay £8.50 per month. Fees and charges will apply in line with the business account tariff which may be subject to change.
  • Your turnover must be between £1,000 and £400,000 per year
  • Must be over 18, a UK resident and a sole trader or the director of a limited company
  • Overdrafts are subject to application, financial circumstances and borrowing history.
*Businesses with existing Barclays business current accounts aren’t eligible for this offer. After 12 months, you’ll pay £8.50 per month. Fees and charges will apply in line with the business account tariff which may be subject to change.
**Terms and conditions apply per partner, see partner website for details

Barclays Business Banking Overview

Barclays Bank, one of the oldest and largest banks in the United Kingdom, provides a wide range of financial services, including business banking. With a history dating back to 1690, Barclays has established a significant presence in the global banking sector, offering services to both individual customers and businesses of various sizes.

Barclays’ business banking division is designed to cater to the diverse needs of the UK business sector, ranging from sole traders and startups to large corporations. The bank offers different types of business bank accounts, each with distinct features and benefits to suit the varying requirements of businesses. For smaller businesses and startups, Barclays provides accounts that often include benefits such as low fees, introductory offers, and access to business advice and support services. These features are intended to assist new and growing businesses in managing their finances and navigating the early stages of development.

For larger, more established businesses, Barclays offers accounts with a broader range of services. These typically include more comprehensive access to credit, international banking services, and tailored financial advice. The bank’s focus on serving businesses of all sizes is reflected in its portfolio of products, which are structured to provide flexibility and support to businesses as they grow and evolve.

Barclays places a strong emphasis on digital banking solutions. The bank offers an online banking platform and a mobile app, enabling businesses to manage their accounts, make transactions, and access banking services remotely. These digital tools are designed to offer convenience and efficiency, allowing business owners to manage their finances in a time-effective manner.

In addition to standard banking services, Barclays provides lending options for businesses. These include business loans, overdrafts, and commercial mortgages, each designed to support business growth and operational needs. The terms and availability of these lending options can vary, with Barclays assessing each business’s financial situation to determine eligibility and suitability.

Barclays also offers services tailored to businesses operating internationally. These include foreign exchange services, international payment processing, and support for trade finance. Such services are designed to assist businesses engaged in international trade or operations, providing them with the tools and support necessary to navigate global markets.

In summary, Barclays Bank offers a comprehensive range of business banking services in the UK. Its portfolio includes various types of business accounts, lending products, and digital banking solutions, catered to businesses of different sizes and stages of development. Barclays’ commitment to security and its provision of international banking services add to its suitability as a banking partner for a diverse range of businesses. The bank continues to adapt its offerings in response to customer needs and market trends.

Barclays Bank Accounts FAQs

  • How can I open a business bank account with Barclays?

    To open a business account at Barclays, you generally need to provide business details such as your company registration number, financial statements, and personal identification. The process can start online or at a branch. Additional documentation may be required depending on the business type and the specific account.

  • What types of business accounts does Barclays offer?

    Barclays offers a range of business bank accounts to cater to different types of businesses, from sole traders and startups to larger corporations. These accounts vary in features, such as transaction limits, fees, and access to credit facilities, to suit the specific needs of different businesses.

  • Does Barclays provide online banking for business accounts?

    Barclays offers online banking services for business accounts, allowing customers to manage their accounts, view transactions, make payments, and access other banking services. These services are accessible via Barclays’ website and mobile app.

  • Can businesses obtain an overdraft with a Barclays business account?

    Barclays provides overdraft facilities for certain business accounts, subject to approval. The availability, limit, and interest rates of an overdraft depend on the business’s financial circumstances and the specific terms of the account.

  • What international services are available with Barclays business accounts?

    Barclays offers various international banking services for businesses, including foreign exchange services, international payment processing, and trade finance solutions. These services are designed to support businesses engaged in international trade or those needing to manage financial transactions in multiple currencies.

    Services offered by this provider may change over time. Always check Ts&Cs.

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