Compare ONLINE
business Accounts

Promoted Accounts – December 2024

23 Products Compared

 
Sign up today and unlock 1 month of a paid plan without subscription fees*

Revolut Grow Business Account

  • Monthly Fee
    £19
  • Card Purchases
    Free
  • Bank Transfers
    100 free per month

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

    • International transfers: £5

  • Overdraft
  • Access
    App/Online
    No cash or cheque facilities
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)
  • Earn annual interest daily with a linked business savings account
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
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.
*Monthly plan subscription fees will automatically apply after the trial period.
 
Sign up today and unlock 1 month of a paid plan without subscription fees*

Revolut Scale Business Account

  • Monthly Fee
    £79
  • Card Purchases
    Free
  • Bank Transfers
    1,000 free per month

    • 1000 free local transfers per month, then 20p thereafter

    • International transfers: £5

  • Overdraft
  • Access
    App/Online
    No cash or cheque facilities
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)
  • Earn annual interest daily with a linked business savings account
  • 2 complimentary metal cards
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
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.
*Monthly plan subscription fees will automatically apply after the trial period.
 
Sign up today and unlock 1 month of a paid plan without subscription fees*

Revolut Enterprise Business Account

  • Monthly Fee
    Contact Revolut
  • Card Purchases
    Free
  • Bank Transfers
    Contact Revolut
  • Overdraft
  • Access
    App/Online
    No cash or cheque facilities
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)
  • Earn annual interest daily with a linked business savings account
  • Tailored for larger businesses
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
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.
*Monthly plan subscription fees will automatically apply after the trial period.
 
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
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
*excluding CHAPS and international payments
Show More Products From Virgin Money M AccountShow Fewer Products From Virgin Money M Account

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
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
25 months’ fee free day-to-day banking

HSBC Kinetic Business Current Account

  • Monthly Fee
    Free*
    12 months free, £6.50 per month thereafter*
  • 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
    App
Product Features
  • No monthly account fee for the first 12 months, £6.50 thereafter. Other fees and charges apply, subject to eligibility, credit check and T&Cs
  • Cashflow and spending insights
  • Make payments of up to £25,000 per day in app
  • Access great perks and benefits to kick start your business
  • Send International Payments to over 150 countries
Eligibility Criteria
  • Must be a sole trader or a limited company with a sole director who is also the sole shareholder
  • Must be a tax resident in the UK but not the Channel Islands or the Isle of Man
  • Your turnover is up to £6.5m per year
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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
Product Features
  • Open multiple accounts per entity and collect and hold in 20+ currencies
  • Free local transfers to 120+ countries and domestic transfers. Access to interbank FX rates and batch transfers
  • Multi-currency company 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.
*10% cashback on your first $1,000 USD equivalent in eligible international card spend.
Show More Products From AirwallexShow Fewer Products From Airwallex
 
Get £150 cashback when you open a Tide business bank account*

Tide Business Bank Account

  • Monthly Fee
    Free
  • Card Purchases
    Free
  • Bank Transfers
    20p
  • Overdraft
  • Access
    App/Online

    • No cheque facilities

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

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
*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.
Show More Products From TideShow Fewer Products From Tide
 
Get £150 cashback when you open a Tide business bank account*

Tide Plus Business Bank Account

  • Monthly Fee
    £9.99
  • Card Purchases
    Free
  • Bank Transfers
    20 free per month
    20 free per month, then 20p per transfer
  • Overdraft
  • Access
    App/Online

    • No cheque facilities

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

Product Features
  • Create and send invoices for free
  • Multi-business – hold up to 5 business accounts
  • 1 free expense card included
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
*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.
 
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
Product Features
  • Everything in Explore, plus:
  • 5 free active spend users and 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.
*10% cashback on your first $1,000 USD equivalent in eligible international card spend.
 
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
Product Features
  • Everything in Explore & Grow, plus:
  • Central management of 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.
*10% cashback on your first $1,000 USD equivalent in eligible international card spend.
 
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
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.
*10% cashback on your first $1,000 USD equivalent in eligible international card spend.
 
Get 4.08% AER (variable) on savings & up to 1.5% cashback on eligible card spend*

Allica Bank Business Current Account

  • Monthly Fee
    Free
  • Card Purchases
    Free
  • Bank Transfers
    Free
    Fees apply CHAPS, SWIFT and SEPA transactions.
  • Overdraft
  • Access
    App/Online
Product Features
  • 4.08% AER* (variable) instant access Savings Pot. Savings Pots are an exclusive feature of the Business Rewards Account
  • Up to 1.5% cashback on eligible card spend. View Business Rewards Account Terms and Conditions on Allica bank website
  • UK based dedicated relationship manager
  • Eligible customers are covered by FSCS up to £85,000
  • Direct accounting integrations with Sage and Xero
Eligibility Criteria
  • Businesses must be incorporated for at least 12 months
  • Businesses keeping less than £50,000 in the account may earn a reduced rate of interest and incur fees
*Terms and conditions apply.
Businesses keeping less than £50,000 in the account may earn a reduced rate of interest and incur fees
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Get 300 free virtual cards

Wallester Business Account

  • Monthly Fee
    Free
  • Card Purchases
    Free
  • Bank Transfers
    Free
  • Overdraft
  • Access
    App/Online
Product Features
  • Access to the multi-functional Wallester Business platform absolutely free
  • Use the Wallester solution for free forever, pay only if you need more cards
  • Expense control services and automated reporting
  • Cutting-edge API for easy integration
Eligibility Criteria
  • You must be at least 18 years old
  • Be a sole trader, partner in a partnership, or company
Get 300 free virtual cards Free package of 300 virtual cards with zero fees or limitations
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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
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
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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
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
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

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 30p thereafter
  • Overdraft
  • Access
    App/Online

    • No cheque facilities

    • Cash paid in via Post Office (0.5% fee)

Product Features
  • 24/7 app and online account facilities
  • FSCS protection – up to £85,000
  • UK-based customer services team
  • 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
 
Make and Receive International Payments

Card One Money Business Account

  • Monthly Fee
    £12.50
    Plus one-off £55 application fee
  • Card Purchases
    Free
  • Bank Transfers
    From 30p

    • Direct Debits: 30p

    • Faster Payments (next day online): 30p

    • Faster Payments (instant online): £7.50

    • CHAPS: £30

  • Overdraft
  • Access
    App/Online
    Pay in cash and cheques via Barclays branches
Product Features
  • No credit checks or signatures required
  • Up to 4 additional cards for business use
  • UK-based customer support.
  • International payments in a range of currencies
Eligibility Criteria
  • Available to Limited Companies, Sole Traders and Partnerships
  • Your business must be registered in the UK and have an annual turnover of less than £2m
  • You must be 18+ and a UK resident. Card One Money need to be able to verify your identity & residency.
  • Card One Money is not covered by the Financial Services Compensation Scheme. See product FAQs for more info
Open an account on the same day you apply with no credit checks.
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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)

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
ANNA Business comes with invoice generator tools, HMRC recognised Tax calculator and filing. Automate your bookkeeping with ANNA.
Show More Products From Anna MoneyShow Fewer Products From Anna Money
 
Wide Range of Expense Management Tools

Anna Money Business Account

  • Monthly Fee
    £14.90

    • £14.90 + VAT per month

    • or £149 + VAT a year if billed annually

  • Card Purchases
    Free
  • Bank Transfers
    50 free per month

    • Domestic: 50 free per month, then 20p thereafter

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

    • Free direct debits

  • Overdraft
  • Access
    App/Online

    • No cheque facilities

    • Cash accepted via PayPoint (£300 per month free, then 1% commission fee)

Product Features
  • Up to 5 debit cards included (£3 per extra card) – 1% cashback on selected categories
  • Personal payment link for accepting payments online (£200 per month free, then 1% commission fee)
  • 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
ANNA Business comes with invoice generator tools, HMRC recognised Tax calculator and filing. Automate your bookkeeping with ANNA.
 
Wide Range of Expense Managements Tools

Anna Money Big Business Account

  • Monthly Fee
    £49.90


    • £49.90 + VAT per month


    • Or £499 a year +VAT if billed annually

  • Card Purchases
    Free
  • Bank Transfers
    From free

    • Domestic: unlimited free transfers

    • International: 4 free SWIFT payments per month, then £5 per payment

  • Overdraft
  • Access
    App/Online

    • No cheque facilities

    • Cash accepted via PayPoint with no fees

Product Features
  • Unlimited free debit cards – 1% cashback on selected categories
  • Personal payment link for accepting payments online with no fees
  • Instant invoice generator and savings pots facility
  • 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
ANNA Business comes with invoice generator tools, HMRC recognised Tax calculator and filing. Automate your bookkeeping with ANNA.
 
Sign Up Today And Unlock 1 Month Of A Paid Plan Without Subscription Fees*

Revolut Basic Business Account

  • Monthly Fee
    Free
  • 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
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
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.
*Monthly plan subscription fees will automatically apply after the trial period.
Show More Products From RevolutShow Fewer Products From Revolut

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

Online Business Bank Account Guide

The advent of online banking has revolutionised the way businesses manage their finances. With a surge in digital-first banking institutions and traditional banks enhancing their online services, UK businesses are spoilt for choice. But with this plethora of options comes the responsibility of making an informed choice. Here’s a dive into the factors businesses should consider when comparing online UK business bank accounts.

User Experience and Interface

In the digital realm, user experience is paramount. An intuitive, easy-to-navigate interface can save businesses precious time and reduce the margin for errors. Whether it’s setting up standing orders, making bulk payments, or reviewing transaction history, the process should be seamless. Many online banks also offer mobile apps; ensure these are just as user-friendly and functional as their desktop counterparts.

Integration with Business Tools

Modern businesses often use a suite of digital tools for operations – from accounting software like QuickBooks or Xero to invoicing platforms. An online business bank account that can integrate with these tools can streamline processes, reducing manual data entry and the risk of discrepancies.

Transaction Fees

Cost implications are a crucial consideration. Different online banks have varying fee structures, from monthly maintenance charges to transaction fees. Some might offer a set number of free transactions monthly, while others may provide unlimited transactions but with a higher monthly fee. Determine which structure aligns best with your business’s transaction volume and financial habits. Read our guide to understanding business banking fees for further information.

Customer Support

Even in the digital age, the human touch remains important. Check how the bank handles queries or issues. Is there a 24/7 chat support? Can you quickly reach out to a representative over the phone? Efficient, prompt customer service can be a deal-breaker, especially when dealing with financial uncertainties or queries.

Security Protocols

Financial transactions demand top-notch security. Investigate the bank’s security measures. From encryption levels to fraud detection mechanisms and two-factor authentication, the bank should employ state-of-the-art security protocols to ensure your business’s financial data remains uncompromised.

Access to Additional Services

While the core functionality is essential, look out for additional services that online banks might offer. This can range from business insights derived from your transaction data, access to business loans or credit facilities, and even networking or mentorship opportunities.

Account Set-Up and Maintenance

The ease of setting up the account and the subsequent maintenance requirements are essential considerations. Some online banks pride themselves on swift, hassle-free account setups, sometimes in mere hours. Also, consider the paperwork and due diligence required for account maintenance, especially if you foresee significant changes in your business structure or operations.

Reviews and Reputation

In the age of information, leverage the experiences of others. Online forums, business communities, and review platforms can provide insights into the real-world efficiency, reliability, and suitability of an online bank.

Scalability

Your chosen bank should not just meet your current needs but also cater to your future ambitions. As your business grows, so will its financial complexities. Opt for a bank that scales its services and offerings in tandem with your growth.


The landscape of online business bank accounts in the UK is both exciting and daunting. While businesses have never had as much choice and functionality at their fingertips, the onus remains on them to sift through the noise and pinpoint the option that aligns best with their needs. By considering the factors mentioned above, businesses can navigate this digital maze with confidence, ensuring their financial foundation is not just robust but also future-ready. If you need more information, read our guide on how to choose the right bank account to suit your business needs.