Business Bank Accounts With Overdraft
- ✓Compare UK business account overdrafts – from high street to challenger accounts
- ✓Join thousands of small businesses who found their perfect match here
- ✓Quick comparison of features, terms and qualifying criteria
Promoted
HSBC UK Small Business Banking Account
- •Free banking for 12 months*
- •Comprehensive features: A full range of business banking services
Business Bank Accounts With Overdraft
- ✓Compare UK business account overdrafts – from high street to challenger accounts
- ✓Join thousands of small businesses who found their perfect match here
- ✓Quick comparison of features, terms and qualifying criteria
12 Products Compared
-
Monthly Fee
Free -
Card Purchases
Free -
Bank Transfers
FreeDirect debits, Faster Payments, BACS: Free | CHAPS and International payments: Fees apply -
Overdraft
Rate is negotiable. -
Access
App/Online/Branch
Monthly Fee
Card Purchases
Bank Transfers
Overdraft
Access
Free
Free
Free
Direct debits, Faster Payments, BACS: Free | CHAPS and International payments: Fees apply
Rate is negotiable.
App/Online/Branch
Product Features
- Free day-to-day online business banking (excluding CHAPS and international payments)
- Earn 0.25% Cashback on debit card purchases. Terms and exclusions apply
- Manage all your business data in one place using Virgin Money’s M-Track insights platform. Link up your business to market leading tools, such as Sage, Xero, Google, Shopify and more, to track them from one simple dashboard
Eligibility Criteria
- Available for eligible businesses with up to £1m annual turnover
- Must be based and operated in the UK (excluding Channel Islands, Isle of Man and Northern Ireland)
- All owners, directors, senior managers and account signatories must be over 18 years old
- For limited companies, please allow up to 72 hours from registering your business with Companies House, before starting an application
*excluding CHAPS and international payments
Show More Products From Virgin MoneyShow Fewer Products From Virgin Money
-
Monthly Fee
FreeNo monthly fee for first 25 months, then £6.50 thereafter -
Card Purchases
Free -
Bank Transfers
FreeNo fees for first 25 months, excludes international and CHAPS payments -
Overdraft
Rate is negotiable. -
Access
App/Online/Branch
Monthly Fee
Card Purchases
Bank Transfers
Overdraft
Access
Free
No monthly fee for first 25 months, then £6.50 thereafter
Free
Free
No fees for first 25 months, excludes international and CHAPS payments
Rate is negotiable.
App/Online/Branch
Product Features
- Debit Card Cashback – automatically earn up to £500 per calendar year when using your Debit Card for purchases. Some exclusions apply
- If you’re a new business or just new to Virgin Money, you could qualify for 25 months free day-to-day banking when you open or switch to this business current account
- Digital Money Management Tools – helping you manage cash flow, budgets and invoices
Eligibility Criteria
- Available for eligible businesses with up to £6.5m annual turnover
- Must be based and operated in the UK (excluding Channel Islands, Isle of Man and Northern Ireland)
- All owners, directors, senior managers and account signatories must be over 18 years old
- For limited companies, please allow up to 72 hours from registering your business with Companies House, before starting an application
25 months’ fee free day-to-day banking
-
Monthly Fee
Free**Free banking means no account maintenance fee and all day-to-day, standard transactions are free on your primary current account, any additional or secondary accounts will be charged in line with the Small Business Banking Account. -
Card Purchases
FreeNon-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 UK Group bank
account, £30 to a non-HSBC UK Group bank
account via by phone or in-branch banking.
-
Overdraft
-
Access
FullOnline, app, call, branch, Post Office®
Monthly Fee
Card Purchases
Bank Transfers
Overdraft
Access
Free*
*Free banking means no account maintenance fee and all day-to-day, standard transactions are free on your primary current account, any additional or secondary accounts will be charged in line with the Small Business Banking Account.
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.
sterling amount of the transaction, minimum
£3. Cash Fee – 2.99% of the amount advanced,
minimum £3.
Free
- Direct Debits & Internal Transfers: Free
- CHAPS: £20 to another HSBC UK Group bank
account, £30 to a non-HSBC UK Group bank
account via by phone or in-branch banking.
Full
Online, app, call, branch, Post Office®
Product Features
- Free banking for 12 months*, £8 thereafter
- Free accounting tools to stay on top of invoices, cashflow and tax.
- Business borrowing solutions to suit you. T&Cs an fees apply.
- A full list of prices and charges applicable can be found in HSBC UK’s Business Price List at business.hsbc.uk/legal
Eligibility Criteria
- Sole traders, limited companies, unlimited companies, partnerships, limited liability partnerships and non-charitable clubs/associations/societies can all apply
- Must be a tax resident in the UK but not the Channel Islands or the Isle of Man
- The HSBC UK Small Business Banking Account is for small businesses with a maximum turnover of £6.5million
*Free banking means no account maintenance fee and all day-to-day, standard transactions are free on your primary current account, any additional or secondary accounts will be charged in line with the Small Business Banking Account.
Show More Products From HSBC SmallShow Fewer Products From HSBC Small
-
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
Subject to status and credit checks -
Access
Full
Monthly Fee
Card Purchases
Bank Transfers
Overdraft
Access
£8.50*
12 months free, £8.50 per month thereafter
Free
100 electronic payments out free per month***
- *UK Bank Transfers out – First 100 electronic payments out free.
- UK Bank Transfers in – Free.
Subject to status and credit checks
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
- Overdraft: Debit interest is charged monthly and monthly usage or annual fees will apply depending on your credit limit. Where you exceed your Overdraft limit, unauthorised interest and 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
**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
Show More Products From Lloyds BankShow Fewer Products From Lloyds Bank
-
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 35p thereafter -
Overdraft
-
Access
App/Online- No cheque facilities
- Cash paid in via Post Office (0.5% fee)
Monthly Fee
Card Purchases
Bank Transfers
Overdraft
Access
Free
Plus a one-off card issue fee of £9.95
Free
3 free per month
3 free per month, then 35p thereafter
App/Online
- No cheque facilities
- Cash paid in via Post Office (0.5% fee)
Product Features
- 24/7 app & online servicing and UK based customer service team
- FSCS protection – up to £85,000
- Deposit cash into any of the UK’s 11,500 Post Offices.
- 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
Show More Products From ZemplerShow Fewer Products From Zempler
-
Monthly Fee
Free -
Card Purchases
Free -
Bank Transfers
Free -
Overdraft
-
Access
App/Online/Phone- Postal facility for cheques
- Cash paid in at PayPoint (£1 fee)
Monthly Fee
Card Purchases
Bank Transfers
Overdraft
Access
Free
Free
Free
App/Online/Phone
- Postal facility for cheques
- Cash paid in at PayPoint (£1 fee)
Product Features
- Free, instant UK bank transfers
- 24/7 customer support
- Mobile and web access
- The Monzo banking essentials
Eligibility Criteria
- Only sole traders or limited company directors in the UK can apply. Ts&Cs apply.
*Your first month of Pro or Team is free, after that Pro is £9/month and Team starts from £25/month. Only sole traders or limited company directors in the UK can apply. Ts&Cs apply.
Show More Products From MonzoShow Fewer Products From Monzo
-
Monthly Fee
£25 -
Card Purchases
Free -
Bank Transfers
Free -
Overdraft
-
Access
App/Online/Phone- Postal facility for cheques
- Cash paid in at PayPoint (£1 fee)
Monthly Fee
Card Purchases
Bank Transfers
Overdraft
Access
£25
Free
Free
App/Online/Phone
- Postal facility for cheques
- Cash paid in at PayPoint (£1 fee)
Product Features
- Expense Cards
- Bulk Payments
- Access for up to 15 team members
- Set payment approval limits
- Plus everything included in our Pro and Lite accounts
Eligibility Criteria
- First 6 team members are included with Team Account, then it’s an extra £5/month per team member.
- Only sole traders or limited company directors in the UK can apply.
- Monzo Business Team starts from £25/month. Ts&Cs apply.
Monzo Business Team customers get the cloud accounting platform for 8 months free, up to £472 value.
*Your first month of Pro or Team is free, after that Pro is £9/month and Team starts from £25/month. Only sole traders or limited company directors in the UK can apply. Ts&Cs apply.
*Your first month of Pro or Team is free, after that Pro is £9/month and Team starts from £25/month. Only sole traders or limited company directors in the UK can apply. Ts&Cs apply.
-
Monthly Fee
£9 -
Card Purchases
Free -
Bank Transfers
Free -
Overdraft
-
Access
App/Online/Phone- Postal facility for cheques
- Cash paid in at PayPoint (£1 fee)
Monthly Fee
Card Purchases
Bank Transfers
Overdraft
Access
£9
Free
Free
App/Online/Phone
- Postal facility for cheques
- Cash paid in at PayPoint (£1 fee)
Product Features
- Automatically put money aside for tax
- Connect accounting tools
- Auto-export transactions, invoices and statements
- Virtual cards, access for 3 team members, invoicing and more
- Plus everything included in our Lite Account
Eligibility Criteria
- Only sole traders or limited company directors in the UK can apply.
- Monzo Business Pro is £9/month. Ts&Cs apply.
Monzo Business Pro customers get the cloud accounting platform for 6 months free, up to £354 value.
*Your first month of Pro or Team is free, after that Pro is £9/month and Team starts from £25/month. Only sole traders or limited company directors in the UK can apply. Ts&Cs apply.
*Your first month of Pro or Team is free, after that Pro is £9/month and Team starts from £25/month. Only sole traders or limited company directors in the UK can apply. Ts&Cs apply.
-
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
FreeCharges for some bank transfers and card payments apply. -
Bank Transfers
FreeCharges for some bank transfers and card payments apply. -
Overdraft
-
Access
App/Online/Branch
Monthly Fee
Card Purchases
Bank Transfers
Overdraft
Access
Free*
No monthly account fee for the first 12 months, for new customers, then £8.50 per month. T&Cs apply.
Free
Charges for some bank transfers and card payments apply.
Free
Charges for some bank transfers and card payments apply.
App/Online/Branch
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 £5,000**
- 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
**Terms and conditions apply per partner, see partner website for details
Show More Products From BarclaysShow Fewer Products From Barclays
-
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
FreeCharges for some bank transfers and card payments apply. -
Bank Transfers
FreeCharges for some bank transfers and card payments apply. -
Overdraft
-
Access
App/Online/Branch
Monthly Fee
Card Purchases
Bank Transfers
Overdraft
Access
Free*
No monthly account fee for the first 12 months, for new customers, then £8.50 per month. T&Cs apply.
Free
Charges for some bank transfers and card payments apply.
Free
Charges for some bank transfers and card payments apply.
App/Online/Branch
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 £5,000**
- 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
**Terms and conditions apply per partner, see partner website for details
-
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
FreeCharges for some bank transfers and card payments apply. -
Bank Transfers
FreeCharges for some bank transfers and card payments apply -
Overdraft
-
Access
App/Online/Branch
Monthly Fee
Card Purchases
Bank Transfers
Overdraft
Access
Free*
No monthly account fee for the first 12 months, for new customers, then £8.50 per month. T&Cs apply.
Free
Charges for some bank transfers and card payments apply.
Free
Charges for some bank transfers and card payments apply
App/Online/Branch
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 £5,000**
- 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
**Terms and conditions apply per partner, see partner website for details
-
Monthly Fee
Free -
Card Purchases
Free -
Bank Transfers
FreeDirect Debits, BACS, Faster Payments: Free
CHAPS: £25 via phone; £15 via online banking -
Overdraft
-
Access
Full
Monthly Fee
Card Purchases
Bank Transfers
Overdraft
Access
Free
Free
Free
Direct Debits, BACS, Faster Payments: Free
CHAPS: £25 via phone; £15 via online banking
CHAPS: £25 via phone; £15 via online banking
Full
Product Features
- Ideal for start ups and growing businesses who bank digitally
- 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
- Most 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 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.
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.
Show More Products From The Co-operative BankShow Fewer Products From The Co-operative Bank
Types of business bank accounts available
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 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
About This Information
Our articles, guides & reviews are provided as generic information only. Any expressed view, product or service mentioned within these does not constitute as financial advice or recommendation by us.
Be mindful that information may have changed since publication.