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
Virgin Money M Account for Business
- •Free day-to-day online business banking*
- •Designed for businesses with a turnover of less than £1million
- •Earn 0.25% Cashback on debit card purchases. Terms and exclusions apply
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
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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
*excluding CHAPS and international payments
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
Show More Products From Virgin MoneyShow Fewer Products From Virgin Money
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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
25 months’ fee free day-to-day banking
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
-
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
*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
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
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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 Group bank
account, £30 to a non-HSBC Group bank
account via by phone or in-branch banking.
-
Overdraft
-
Access
FullOnline, app, call, branch, Post Office®
*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.
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 and fees apply.
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 Small Business Bank Account is for small businesses with a maximum turnover of £6.5million
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-
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)
*Limited time offer, apply by 31 March 2025. After that, Pro is £9 a month & Team starts at £25 a month. New customers only. Ts&Cs apply.
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.
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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)
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
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-
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)
Monzo Business Team customers get the cloud accounting platform for 8 months free, up to £472 value.
*Limited time offer, apply by 31 March 2025. After that, Team starts at £25 a month. New customers only. Ts&Cs apply.
*Limited time offer, apply by 31 March 2025. After that, Team starts at £25 a month. New customers only. Ts&Cs apply.
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.
-
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
*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
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.
-
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)
Monzo Business Pro customers get the cloud accounting platform for 6 months free, up to £354 value.
*Limited time offer, apply by 31 March 2025. After that, Pro is £9 a month. New customers only. Ts&Cs apply.
*Limited time offer, apply by 31 March 2025. After that, Pro is £9 a month. New customers only. Ts&Cs apply.
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.
-
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
*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
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.
-
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
*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
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.
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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
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.
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
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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.