27 Products Compared

 
Get £200 Cashback with a Tide business bank account and savings account*

Tide Business Bank Account & Savings Account

  • Monthly Fee
    Free
  • Card Purchases
    Free
  • Bank Transfers
    Free for one year*
    Free bank transfers for one year, 20p thereafter
  • Overdraft
  • Access
    App/Online

    • No cheque facilities

    • Cash deposits via Post Office (0.5% fee, minimum £2.50) and PayPoint (3% fee)

*To be eligible for the £200 Cashback offer, open both a Tide Instant Saver and Tide Business Bank Account. Ts&Cs Apply. New Tide members receive a 0.77% AER boost on the standard 3.04% AER on unlimited balances until 01/06/25, after that the standard rate applies with no interest earned on balances over £75,000.
Product Features
  • Create and send invoices for free
  • Multi-business – hold up to 5 business accounts
  • Automated 30-day cash flow forecasts
Eligibility Criteria
  • For registered business account: you must be registered with UK Companies House as a director of that company or partnership
  • For sole trader account: you must be a UK based sole trader/freelancer
  • For all accounts: you must be aged 18+, have a valid UK phone number and address, and hold compatible device registered to a UK App or Google Play store
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Free day-to-day online business banking*

Virgin Money M Account for Business

  • Monthly Fee
    Free
  • Card Purchases
    Free
  • Bank Transfers
    Free
    Direct 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
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Virgin Money Business Current Account

  • Monthly Fee
    Free
    No monthly fee for first 25 months, then £6.50 thereafter
  • Card Purchases
    Free
  • Bank Transfers
    Free
    No 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

Revolut Basic Business Account

  • Monthly Fee
    £10
  • Card Purchases
    Free
  • Bank Transfers
    5 free per month

    • 5 free local transfers per month, then 20p thereafter

    • International transfers: £5

  • Overdraft
  • Access
    App/Online
    No cash or cheque facilities
Revolut is not a fully licensed bank in the UK. Your money is held in a safeguarded account with a regulated bank or high quality liquid assets. Your savings are deposited with partner banks and eligible deposits are protected up to £85k per bank.

Product Features
  • Multi-currency accounts – recieve payments and exchange in 25+ currencies
  • Control and monitor team spending with multiple debit and virtual cards, manage permissions and levels of access and more
  • Various payment facilities including Tap to Pay on iPhone (fees apply)
  • International payments – Send and receive money from 200 countries
Eligibility Criteria
  • Available for limited companies, PLCs, LLPs, Partnerships & unlimited companies
  • Currently available for companies registered in and with a physical presence within the European Economic Area (EEA), Switzerland, UK and US
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Airwallex Business Account

  • Monthly Fee
    Free
  • Card Purchases
    Free
  • Bank Transfers
    Free
    SWIFT payments vary £10-£20
  • Overdraft
  • Access
    App/Online
Product Features
  • Open domestic and foreign currency accounts with local bank details around the world with no monthly fees within minutes.
  • Make international transfers to 150+ countries – save up to 80% on FX fees, app. 70% of funds arrive within a few hours / same day
  • Accept payments worldwide via 160+ payment methods – no coding required
  • Issue multi currency corporate cards
  • Integrates with platforms like Xero, Amazon, Shopify, WooCommerce & more
  • Automate your domestic and international bill pay workflows
Eligibility Criteria
  • You must be at least 18 years old
  • Be a sole trader, partner in a partnership, or company
  • Your business is registered in the UK. More markets are available with different Airwallex entities. Details can be found on the Airwallex website.
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Free banking for 12 months*

HSBC Small Business Bank Account

  • 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
    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.
  • 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
    Full
    Online, 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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Earn 10% cashback on your first $1,000 USD of international transactions with Airwallex*

Airwallex Explore Business Account

  • Monthly Fee
    Free*
    £19 p/month or £0 p/month if you deposit at least £10,000 per month or hold a minimum balance of £10,000.
  • Card Purchases
    Free
  • Bank Transfers
    Free
    SWIFT payments vary £10-£20
  • Overdraft
  • Access
    App/Online
*10% cashback on your first $1,000 USD equivalent in eligible international card spend.
Product Features
  • Open multiple accounts per entity. Collect and hold in 20+ currencies
  • Expense management for cards and reimbursements
  • Free local transfers to 120+ countries and domestic transfers. Access to interbank FX rates and batch transfers
  • Multi-currency and employee cards with zero international fees
  • Includes 5 free employee card users and up to 10 company cards
  • Online card and local payment method acceptance globally
  • Bank feeds sync with Xero. ApprovalMax, WorkflowMax by BlueRock Integrations
Eligibility Criteria
  • You must be at least 18 years old
  • Be a sole trader, partner in a partnership, or company
  • Your business is registered in the UK. More markets are available with different Airwallex entities. Details can be found on the Airwallex website.
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Earn 10% cashback on your first $1,000 USD of international transactions with Airwallex*

Airwallex Explore Business Account

  • Monthly Fee
    Free*
    £19 p/month or £0 p/month if you deposit at least £10,000 per month or hold a minimum balance of £10,000.
  • Card Purchases
    Free
  • Bank Transfers
    Free
    SWIFT payments vary £10-£20
  • Overdraft
  • Access
    App/Online
*10% cashback on your first $1,000 USD equivalent in eligible international card spend.
Product Features
  • Open multiple accounts per entity. Collect and hold in 20+ currencies
  • Expense management for cards and reimbursements
  • Free local transfers to 120+ countries and domestic transfers. Access to interbank FX rates and batch transfers
  • Multi-currency and employee cards with zero international fees
  • Includes 5 free employee card users and up to 10 company cards
  • Online card and local payment method acceptance globally
  • Bank feeds sync with Xero. ApprovalMax, WorkflowMax by BlueRock Integrations
Eligibility Criteria
  • You must be at least 18 years old
  • Be a sole trader, partner in a partnership, or company
  • Your business is registered in the UK. More markets are available with different Airwallex entities. Details can be found on the Airwallex website.
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Earn 10% cashback on your first $1,000 USD of international transactions with Airwallex*

Airwallex Custom Business Account

  • Monthly Fee
    Custom*
    *contact sales for custom pricing
  • Card Purchases
    Free
  • Bank Transfers
    Free
    SWIFT payments vary £10-£20
  • Overdraft
  • Access
    App/Online
*10% cashback on your first $1,000 USD equivalent in eligible international card spend.
Product Features
  • High-volume businesses
  • Custom API implementations
  • Embedded finance integrations to launch your own financial products
  • Dedicated account management support
Eligibility Criteria
  • You must be at least 18 years old
  • Be a sole trader, partner in a partnership, or company
  • Your business is registered in the UK. More markets are available with different Airwallex entities. Details can be found on the Airwallex website.
 
Earn 10% cashback on your first $1,000 USD of international transactions with Airwallex*

Airwallex Custom Business Account

  • Monthly Fee
    Custom*
    *contact sales for custom pricing
  • Card Purchases
    Free
  • Bank Transfers
    Free
    SWIFT payments vary £10-£20
  • Overdraft
  • Access
    App/Online
*10% cashback on your first $1,000 USD equivalent in eligible international card spend.
Product Features
  • High-volume businesses
  • Custom API implementations
  • Embedded finance integrations to launch your own financial products
  • Dedicated account management support
Eligibility Criteria
  • You must be at least 18 years old
  • Be a sole trader, partner in a partnership, or company
  • Your business is registered in the UK. More markets are available with different Airwallex entities. Details can be found on the Airwallex website.
 
Earn 10% cashback on your first $1,000 USD of international transactions with Airwallex*

Airwallex Accelerate Business Account

  • Monthly Fee
    £999
  • Card Purchases
    Free
  • Bank Transfers
    Free
    SWIFT payments vary £10-£20
  • Overdraft
  • Access
    App/Online
*10% cashback on your first $1,000 USD equivalent in eligible international card spend.
Product Features
  • Consolidated Finances across global entities
  • Single sign-on (coming soon)
  • Netsuite integration including expenses and bills sync
  • HRIS platform integrations (coming soon)
  • Dedicated account manager and onboarding support
Eligibility Criteria
  • You must be at least 18 years old
  • Be a sole trader, partner in a partnership, or company
  • Your business is registered in the UK. More markets are available with different Airwallex entities. Details can be found on the Airwallex website.
 
Earn 10% cashback on your first $1,000 USD of international transactions with Airwallex*

Airwallex Accelerate Business Account

  • Monthly Fee
    £999
  • Card Purchases
    Free
  • Bank Transfers
    Free
    SWIFT payments vary £10-£20
  • Overdraft
  • Access
    App/Online
*10% cashback on your first $1,000 USD equivalent in eligible international card spend.
Product Features
  • Consolidated Finances across global entities
  • Single sign-on (coming soon)
  • Netsuite integration including expenses and bills sync
  • HRIS platform integrations (coming soon)
  • Dedicated account manager and onboarding support
Eligibility Criteria
  • You must be at least 18 years old
  • Be a sole trader, partner in a partnership, or company
  • Your business is registered in the UK. More markets are available with different Airwallex entities. Details can be found on the Airwallex website.
 
Earn 10% cashback on your first $1,000 USD of international transactions with Airwallex*

Airwallex Grow Business Account

  • Monthly Fee
    £49*
    *One month free trial
  • Card Purchases
    Free
  • Bank Transfers
    Free
    SWIFT payments vary £10-£20
  • Overdraft
  • Access
    App/Online
*10% cashback on your first $1,000 USD equivalent in eligible international card spend.
Product Features
  • 5 free active spend users per month and up to 50 free company cards
  • Track cards and reimbursements with Expense Management
  • Manage domestic and international bills with Bill Pay
  • Automated receipt and bill data extraction and customisable, multi-layer spend approvals
  • Xero expenses and bills integration
Eligibility Criteria
  • You must be at least 18 years old
  • Be a sole trader, partner in a partnership, or company
  • Your business is registered in the UK. More markets are available with different Airwallex entities. Details can be found on the Airwallex website.
 
Earn 10% cashback on your first $1,000 USD of international transactions with Airwallex*

Airwallex Grow Business Account

  • Monthly Fee
    £49*
    *One month free trial
  • Card Purchases
    Free
  • Bank Transfers
    Free
    SWIFT payments vary £10-£20
  • Overdraft
  • Access
    App/Online
*10% cashback on your first $1,000 USD equivalent in eligible international card spend.
Product Features
  • 5 free active spend users per month and up to 50 free company cards
  • Track cards and reimbursements with Expense Management
  • Manage domestic and international bills with Bill Pay
  • Automated receipt and bill data extraction and customisable, multi-layer spend approvals
  • Xero expenses and bills integration
Eligibility Criteria
  • You must be at least 18 years old
  • Be a sole trader, partner in a partnership, or company
  • Your business is registered in the UK. More markets are available with different Airwallex entities. Details can be found on the Airwallex website.
 
Get your first 3 months of Pro or Team completely free*

Monzo Business Lite

  • 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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Zempler Bank Business Bank Account

  • Monthly Fee
    Free
    Plus a one-off card issue fee of £9.95
  • Card Purchases
    Free
  • Bank Transfers
    3 free per month
    3 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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Get your first 3 months of Pro or Team completely free*

Monzo Business Team

  • 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.
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.
 
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
*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
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.
 
Get your first 3 months of Pro or Team completely free*

Monzo Business Pro

  • 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.

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.
 
Business expense and corporate financial management account

Wallester Business Account

  • Monthly Fee
    Free
  • Card Purchases
    Free
  • Bank Transfers
    n/a
  • Overdraft
  • Access
    App/Online
Free package of 300 virtual cards with zero fees or limitations
Product Features
  • Free package with 300 free virtual cards and an unlimited number of free physical cards
  • Free multifunctional dashboard for tracking and managing expenses
  • No top-up fee (in EUR), no transaction fees, no usage fee, no issuance fee, and no fee for adding extra users
  • App included and API for integrations with any CRM accounting software
Eligibility Criteria
  • You must be at least 18 years old
  • Be a sole trader, partner in a partnership, or company
  • Must have an eligible business bank account
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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
*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
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.
 
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
*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
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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12 months fee free and interest earned on every penny – up to 2.5% AER variable*

Cynergy Bank Business Current Account

  • Monthly Fee
    Free
    Free for 12 months, £5 per month thereafter
  • Card Purchases
    Free
  • Bank Transfers
    Free
    Fees apply for cash, CHAPS, SWIFT and SEPA transactions.
  • Overdraft
  • Access
    App/Online
*The £5 monthly fee is waived for 12 months for new Business Current Account openings. The offer is available for a limited time only. Cynergy Bank reserves the right to withdraw the offer at any time. T&Cs apply.
Product Features
  • 2.50% AER variable (2.47% gross p.a.) for balances up to and including £25,000, and 0.25% AER variable on balances above £25,000 (0.25% gross p.a.).
  • Make international payments in up to seven major currencies, with option to open EUR or USD accounts.
  • Customise workflows for account management and transaction approvals requiring more than one account user to sign-off.
  • Bulk payment processing.
  • Online application for businesses with up to 10 directors.
Eligibility Criteria
  • Must be a sole trader, partnership, limited liability partnership (LLP) or limited company (LTD)
  • Must be registered and eligible to pay tax in the UK
  • Have a maximum of 10 directors
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Wide Range of Expense Managements Tools

Anna Money Pay As You Go

  • Monthly Fee
    Free
  • Card Purchases
    Free
  • Bank Transfers
    From 20p

    • Domestic: 20p per bank transfer

    • International: £5 per SWIFT transaction (+1% currency conversion fee)

    • Free direct debits

  • Overdraft
  • Access
    App/Online

    • No cheque facilities

    • Cash accepted via PayPoint (1% commission fee)

ANNA Business comes with invoice generator tools, HMRC recognised Tax calculator and filing. Automate your bookkeeping with ANNA.
Product Features
  • 1 debit card included (£3 per extra card) – 1% cashback on selected categories
  • Personal payment link for accepting payments online (1% commission)
  • Instant invoice generator and savings pots facility (fees apply)
  • Landlords / property investors get a free 12 month subscription to the National Residential Landlords Association (NRLA)
  • FastTrack to Credit – Boost your credit score and get access to credit after 3 months activity
Eligibility Criteria
  • Must be a Sole Trader, Director of a Limited Company (and listed on Companies House), or a Partner in a Limited Liability Partnership
  • Business must be located within the UK and you also need to have a UK residential address
  • Not available to charities
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The Co-operative Bank Business Current Account

  • Monthly Fee
    Free
  • Card Purchases
    Free
  • Bank Transfers
    Free
    Direct 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.
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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Get £150 cashback when you open a Tide business bank account*

Tide Business Bank Account

  • Monthly Fee
    Free
  • Card Purchases
    Free
  • Bank Transfers
    Free for one year*
    Free bank transfers for one year, 20p thereafter
  • Overdraft
  • Access
    App/Online

    • No cheque facilities

    • Cash deposits via Post Office (0.5% fee, minimum £2.50) and PayPoint (3% fee)

*Complete the application and spend £500 within 60 days of opening your account to receive a £150 cashback from TIDE. Enter code 150BOOST when you sign up. T&C apply.
Product Features
  • Create and send invoices for free
  • Multi-business – hold up to 5 business accounts
  • Automated 30-day cash flow forecasts
Eligibility Criteria
  • For registered business account: you must be registered with UK Companies House as a director of that company or partnership
  • For sole trader account: you must be a UK based sole trader/freelancer
  • For all accounts: you must be aged 18+, have a valid UK phone number and address, and hold compatible device registered to a UK App or Google Play store
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Get Your First 3 Months Free + Free Accounting Software

Counting Up Business Account (Starter)

  • Monthly Fee
    Free
    No monthly fee for first 3 months, £3 per month thereafter
  • Card Purchases
    Free
  • Bank Transfers
    30p
  • Overdraft
  • Access
    App
    No cheque facilities.
    Cash paid in via Post Office (0.5% fee – £2 minimum) and PayPoint (3% fee)
Pay no subscription fees during your trial. Other transaction charges may apply.
Product Features
  • Monthly subscription fees that go up and down in line with your business performance
  • Rated ‘Excellent’ based on over 2,000 reviews on Trustpilot
  • Built-in accounting software with receipt capture and live business insights
Eligibility Criteria
  • Available to sole traders and limited companies
  • You must be 18+ and a UK resident
  • £750 maximum monthly deposit
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How to compare business bank accounts…

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?

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.

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

Free Business Bank Accounts in the UK

Navigating the landscape of business banking in the UK can seem daunting, especially with so many options available. For many small businesses, startups, and freelancers, the allure of a free business bank account is significant. But what does “free” truly entail, and how can you make an informed choice? Here’s a guide to help you decode free business bank accounts in the UK.

1. Understanding ‘Free’ Business Banking

Most ‘free’ business bank accounts offer a period during which no monthly maintenance fees are charged. This period can range anywhere from around 6 months to a couple of years. After this fee-free period, standard charges typically apply.

2. Why Opt for a Free Business Bank Account?

3. Features to Look Out For

While the primary allure is the absence of fees, there are other essential features to consider:

4. Potential Pitfalls

5. Best Practices When Choosing

6. Transitioning After the Free Period

Once the fee-free period ends, you’ll be faced with standard charges. It’s crucial to:

7. Digital Banks vs Traditional Banks

In recent years, digital-only providers have emerged as fierce competitors to traditional banks. Many of them offer free business accounts with competitive features. Digital Only platforms often have lower operating costs, translating to extended free periods or lower subsequent fees. However, they lack physical branches which some businesses might prefer.


A free business bank account can be an attractive proposition for UK businesses looking for cost-effective banking solutions. However, it’s essential to delve deeper than just the allure of “free.” Understand the features, be wary of potential hidden costs, and always choose an account that aligns with your business’s present and future needs. With diligent research and a clear understanding of your requirements, you can harness the benefits of free business banking without any unwelcome surprises.