40 Best Business Bank Accounts (2024) (2024)

·Updated 10/09/2024·

• Digital business accounts offering high interest & company formation for £14.99
• Monthly fees range from £0 to £49.99, plus tax
• Get a £50 voucher with code £50VOUCHER when you sign up (T&Cs apply)
• Online-only accounts with 24/7 access with their app
• Offer instant access savings add-on, earning a variable 3.55% AER
• Deposit cash at PayPoint or Post Office branches
• Automatically match, categorise & annotate digital receipts
• Integrate with QuickBooks, Xero & other accounting software
• FSCS-protected accounts are provided by ClearBank, covering deposits up to £85,000
• Rated great on Trustpilot with 4 stars out of 5

• Online business bank accounts with no credit checks, previously Cashplus Bank
• Choose from their Business Go or Business Extra account for £0 or £9 per month
• Go gets three free transfers a month & Extra gets 20, then 30p every transfer
• Earn 0.5% cashback on all card spend with the Business Extra account
• Signupinminutes& manage your account in-apporonline
• PayincashatanyoftheUK’s11,500PostOffices branches for a minimum £3 fee
• Comes with an integrated accounting tool that connects directly to your accounting software
• Fully regulated online bank with FSCS protection up to £85,000
• Average rating TrustScore with 3.5 out of 5 stars on Trustpilot

• Digital business bank account that earns interest & cashback on spend
• Only available to registered businesses that have been trading for over a year, have a minimum balance of £50k or a loan with Allica
• No monthly fees & free bank transfers
• Offers integrated savings pot with instant access & a variable rate of 4.33% AER
• Plus up to 1.5% cashback rewards on card payments, once you spend over £10k in a month
• 24/7 access with online & mobile banking & get a dedicated relationship manager
• Sync with Xero or Sage accounting software to save time & automate tasks
• Switch to Allica hassle-free with the Current Account Switch Service (CASS)
• Regulated bank covered by the FSCS, protecting eligible deposits up to £85,000
• Rated an excellent 4.5 out of 5 on Trustpilot

• Online global business account with local account details in 60 countries
• No opening charge or any monthly fees for holding an account
• Local transfers & direct debits from global accounts are free
• Hold money in more than 20 different currencies & transfer to over 150 countries
• With access to market-leading FX exchange rates, from 0.5% above interbank rates
• Get 10% cashback on your first $1,000 of international transfers (T&Cs apply)
• Integrate top financial tools like Xero & Netsuite for full visibility on your business spend
• Not covered by the FSCS, but bound by safeguarding requirements to ensure deposits are protected at all times
• Score a 3.5-star rating out of 5 on Trustpilot

• Three digital business accounts with prepaid cards & no credit checks
• Monthly fees range from £0 to £49.90, plus VAT
• Get free monthly transaction allowances & free transfers to other ANNA accounts
• Manage the account 24/7 online or in-app
• Get paid anywhere online with payment link & webpage
• Earn 1% cashback on eligible card purchases
• Built-in, automated invoicing & accounting tools
• Register as a landlord, a business or an ecommerce business for free, when you open
• No FSCS-protection on your money as ANNA are not a bank
• Boast an excellent TrustScore of 4.5 stars

• Account fees range from £3 to £18 per month, depending on monthly deposits
• Available for small & self-employed businesses
• All new customers get three months free to try
• 24/7 online & mobile banking
• Cash can be paid in at Post Office or PayPoint branches
• Benefit from their built-in accounting and invoicing software or give your account access for free
• Hassle-free payment notifications, receipt capture & transaction categorisation
• Provide e-money accounts backed by Sage & ING Bank, deposits are not covered by the FSCS
• Rated great on Trustpilot with a TrustScore of 4.2 stars

• Multi-currency business accounts with plans for freelancers & companies
• Monthly fees range from £0 to £79, with one month free on paid plans
• Access your money online whenever you need & wherever you are (internet connection required)
• Hold & trade money in more than 20 currencies
• Free monthly international payment allowance (terms and conditions apply)
• Integrate & automate popular accounting tools
• Earn interest on paid plans, from 2.25% to 3.51% AER variable
• Revolut is not a bank, they are authorised by the FCA but not eligible for the FSCS
• Users rate them great on Trustpilot with 4.1 out of 5 stars

• Online business account with 10 minute application & no credit checks
• Opening charge of £55 & monthly fee of £12.50
• Prepaid Mastercard with free UK purchases included
• Online and mobile account with 24/7 access
• Get text alerts when you're paid & when you pay someone
• Responsive customer service team, averaging answering the phone in four seconds
• Connect your favourite accountancy software, like Xero or Sage
• Part of the Equals Group, regulated by the FCA but not covered by the FSCS
• Excellent TrustScore of 4.4 stars out of 5 on Trustpilot

• International business accounts with low FX & money transfers fees
• Costs £45 to open & then charges no monthly fees, just for transactions
• Manage & open completely online with 24/7 access
• Offer free prepaid business cards to help manage employee expenses
• Hold, spend or receive in more than 50 currencies & make transfers to over 80 countries
• Earn up to 4.49% variable on your money with Wise Interest, earn on USD & EUR too
• Account integrates with popular accounting tools
• Deposits not protected by the FSCS, regulated by the FSCS for e-money
• Rated great with 4.3 stars by Trustpilot users

• Award-winning free business bank account with feature-rich paid add-ons
• No monthly fees, you just pay for transactions
• Cash deposits available at Post Office branches, deposit cheques in-app for free
• 24/7 account management with Starling Bank app or on desktop
• Connect with Xero, QuickBooks or FreeAgent for easy accounting
• Large business overdrafts available, subject to eligibility
• Fully regulated UK bank with FSCS protection & TrustScore of 4.3 stars
• Highly commended for Business Start-up Bank of the Year in the Business Moneyfacts Awards 2024

• Popular digital business bank accounts with integrated savings & more
• Choice of a free account or paid account with more features for £5 a month
• Available for both sole traders & limited companies
• Manage & open accounts quickly online & by app with your phone
• Save while you spend with an instant access savings pots, offering 1.6% AER
• Integrate with popular accounting software like Xero or QuickBooks
• Part of the Current Account Switching Scheme (CASS), helping you switch from your old bank hassle-free
• Fully regulated challenger bank covered by the FSCS & authorised by the FCA
• Rated great on Trustpilot with a TrustScore of 4.2 stars

• Offer multiple accounts for businesses, including their app-based Kinetic Current Account
• No monthly fees for the first 12 months for new & switching businesses
• Switch your business bank in seven days with the Current Account Switch Service
• Access online banking on mobile or desktop, phone & branch services also available
• With an experienced UK-based business support team
• Access to finance products & business overdrafts, depending on eligibility
• Kinetic account is only available to sole traders & single-director limited companies
• Get £100 Amazon gift card with a Kinetic, offer ends 31st October 2024 (T&Cs apply)
• Leading UK high-street bank, providing accounts with FSCS protection

• Accounts available for sole traders & new or small businesses
• Get 24 months free banking when you switch or open a startup account
• Then no monthly fee, just pay for transactions
• 24/7 mobile banking with their award-winning app
• Get free access to FreeAgent accounting software
• Arrange an overdraft, apply for a credit card, business charge card or savings
• Switch in seven days with the CASS guarantee
• Leading UK bank eligible for FSCS protection, up to £85,000
• Awarded Business Start-up Bank of the Year & highly commended for Best Service from a Business Bank in the Business Moneyfacts Awards 2024

• Offer a range of accounts for new, small & larger businesses
• Monthly account fee of £6.50 with 30p bank transfers
• 25 months free banking offered to all new businesses & switchers
• Switch your account in as quick as seven working days
• 24/7 mobile banking with their award-winning app
• Earn up to 0.35% cashback on all eligible debit card transactions
• Get Xero or Quickbooks free for three months when you open an account
• Regulated bank benefiting from FSCS protection on eligible deposits
• Highly commended for Best Business Current Account Provider in the Business Moneyfacts Awards 2024

• Completely free business bank account with no transaction fees
• Available to sole traders & limited companies, with up to two directors
• 24/7 account management with their app
• Create & send invoices easily within the Mettle app
• Contactless Mastercard with free purchases & advanced control features
• Free access to FreeAgent accounting software, or sync others
• Earn variable interest up to 1.46% AER with savings pots
• Created & backed by NatWest with FSCS cover on eligible deposits
• Excellent TrustScore of 4.6 out of 5 stars on Trustpilot

• Bank accounts available for small & established businesses
• Monthly fee of £6 for businesses with less than £2 million turnover
• Fee is waived for balances of more than £6k, with 30 free transactions for the month too
• 24/7 online & mobile banking
• Debit cards and credit cards are available
• No charge for card purchases across Europe
• Highly rated bank for customer service
• Seven day Current Account Switch guarantee
• Arranged overdraft & more available
• Authorised by the FCA & offer FSCS-protected bank accounts

• Provide current accounts for UK registered businesses with up to two directors
• New businesses & switchers bank for free or for £5 for for 12 to 18 months, depending on account
• Monthly account fee from £7.50, thereafter
• 24/7 online & mobile banking
• Friendly UK-based customer support team
• Receive up to £300 cashback per year
• Switch your account in seven days
• Savings & business finance available
• Fully regulated UK bank covered by the FSCS
• Awarded Best Business Current Account Provider & Business Bank of the Year in the Business Moneyfacts Awards 21 years in a row

• Accounts available for new small or large businesses
• Maintenance fees start at £7, while new businesses pay no fees for 12 months
• Manage your account 24/7 online
• Choose from their electronic payments or mixed-transaction tariffs
• Experienced UK-based support team
• Seven day Current Account Switch guarantee
• Extra financial support with access to overdrafts & more
• Popular bank in the UK, covering your business money up to £85,000
• Awarded Best Service from a Business Bank & highly commended for Business Bank of the Year in the Business Moneyfacts Awards 2024

• Accounts available for new businesses & SMEs
• Management fees start from £8 per month
• While new business get 12 months of free banking
• Electronic & mixed-payment price plans are available
• Friendly UK customer support available Monday to Friday
• 24/7 online & mobile banking
• Part of the Current Account Switch Service
• Business finance & savings accounts available
• Leading UK bank with eligible deposits covered by the FSCS

• Accounts available for new, small or established businesses
• With no monthly account fee, only pay for usage
• New businesses pay no transaction fees for the first 24 months
• Easily manage your account with their market-leading digital banking
• Debit, credit & charge cards available
• Part of the Current Account Switch Service
• FreeAgent accounting software for no charge
• Savings, overdrafts & business finance available
• Accounts covered by the FSCS, protecting eligible deposits
• Awarded Business Start-up Bank of the Year in the Business Moneyfacts Awards 2024

• Bank accounts for new, small & more established businesses
• Monthly management fee from £7
• While new businesses get 12 months free banking
• Choose from their electronic payments or mixed-transaction tariffs
• Part of the Current Account Switch Service
• 24/7 online & mobile banking
• Inclusive access to suite of practical business guides
• Arranged overdraft & more available
• Experienced UK-based support team
• Get peace of mind with FSCS protection on funds up to £85,000

• Business bank account from renowned high-street bank
• Charging a monthly fee of £5, which includes free bank transfers
• If new to TSB or switching you get 30 months free banking
• Switch your account in seven days with the switch guarantee
• Choose from their electronic payments or mixed-transaction tariffs
• Manage the account 24/7 online
• Experienced UK-based support team
• Access to savings & finance products
• Regulated bank authorised by the FCA & covered by the FSCS

• Accounts for startups, small businesses & charities
• All new customers get 30 months free, then £7 per month with free transfers
• 24/7 mobile & online banking
• Benefits for Federation of Small Business members with a dedicated current account
• Community & customer focused bank with ethical values
• Account fees are dependent on balance
• Arranged overdraft & more available
• Eligible deposits are protected by the FSCS
• Awarded Best Charity Banking Provider in the Business Moneyfacts Awards nine years in a row

• Online-only business bank account offering interest
• Earn 2.50% AER variable on balances up to £25,000 & 0.25% AER variable on balances above
• The £25 monthly fee is waived for 12 months for new to Cynergy Bank customers
• Offer available to new customers for a limited time only & Cynergy reserve the right to withdraw at any time, T&Cs apply
• Apply in as little as 15 minutes & manage completely online with 24/7 access
• Access to Faster Payments, CHAPS, SWIFT, SEPA & FX, fees apply
• Offer a business savings account with variable interest of 4.00% AER & easy access
• FSCS protection up to £85,000, on eligible deposits
• Average TrustScore on Trustpilot with a rating of 3.7 stars

• Online account available for sole traders, freelancers & small businesses
• Comes with no monthly fee & free bank transfers
• Offers a whole host of ecommerce banking tools & integrations
• Manage the account 24/7 with online & mobile banking
• Friendly customer support available 24/7 via online chat, email or phone
• Create & send customisable invoices with their built-in accounting tools
• Open an online account in a matter of minutes
• Easily accept payments with their integrated POS features
• Regulated by the FCA as an e-money account, not covered by the FSCS

• Accounts available for small to large businesses, including sole traders
• No monthly account fee, only pay for usage
• Get 30 transactions at no cost per calendar month
• Bank online, on the phone or by post
• Earn interest on balances over £500,000
• Contactless debit card included, available in pounds, euros or US dollars
• Switch your account in seven days
• Access to business savings but no overdraft offered
• Protected by the FSCS & part of the Santander group

• Offers one business bank account with multiple-currency accounts available
• Fees for maintenance & transactions vary for each business
• Bank whenever with online & mobile banking
• Direct line to an account manager & 24/7 support team
• Highly rated bank for account & relationship management
• Part of the Current Account Switch Service
• Access to business overdraft & other finance options
• Get FSCS cover, up to £85,000, on your eligible business deposits

• Choice of two tariffs, one that has benefits for digital businesses & the other a mixed-transaction tariff
• Monthly fees range from £7 to £14, depending on business type
• Accounts for small & large businesses
• Managed 24/7 online & through their District app
• Offer seven day Current Account Switch guarantee
• Includes a free business Mastercard
• Multiple savings accounts available
• Protected by the FSCS for deposits under £85,000

• Two options for businesses depending on preferred transaction type
• Option A for businesses that work with cash & Option B for those that make more digital payments
• Monthly account fee of £3 or £5, with 12 months free banking for all new businesses
• Bank whenever with mobile & internet banking
• Friendly UK-based customer support team
• Integrates with leading UK accounting software, Xero
• Switch your account in seven days
• A range of savings products are available
• Deposits protected up to £85,000

• Accounts for like-minded businesses, charities & other non-profits
• Monthly fee of £6 charged quarterly
• Bank whenever with 24/7 online baking
• Part of the Current Account Switch Service
• Services available at NatWest, RBS, Ulster Bank or Post Office branches
• No debit card is issued with their current accounts
• Corporate credit card is available, subject to eligibility criteria
• Fully regulated & FSCS-protected, on deposits up to £85,000
• Highly commended for Best Charity Banking Provider in the Business Moneyfacts Awards 2024

• Official bank of The Salvation Army with accounts for small or large business & charities
• Monthly fee of £5, costing 25p for bank transfers
• Six months of free everyday banking available on positive balances of £5,000 or more
• 24/7 online access with internet banking available
• Business debit card & chequebook included
• Counter services available at NatWest & RBS branches
• Switch your account in seven days
• Access to overdraft facility & savings accounts
• FSCS protection of up to £85,000

• Multiple accounts offered to sole traders, new & small businesses
• With free banking for two years when you switch or open a startup account
• Switch within seven working days thanks to the switching service
• Only pay for transactions, no monthly fee is charged
• Manage your account 24/7 with online & mobile banking
• Get free access to FreeAgent accounting software
• Offer a local support network to support a range of
• Overdrafts, credit cards, a charge card & business savings are available, subject to eligibility
• Deposits up to £85K are eligible for FSCS protection

• Accounts available for small or large businesses
• Costs £10 each quarter plus transaction fees
• 24/7 access with their internet banking service & mobile app
• Business debit cards available, purchases are charged a 55p fee
• Sector focused experts are available to help with your business
• Benefits from the Current Account Switch guarantee
• Features savings and borrowing products
• A range of interest rates available
• Currently 15 business centres across England & Scotland
• Deposits are covered by the FSCS

• One account offered with discounts on transaction fees for small business startups
• 100% discount in year one & 50% off in year two if your business turnover is less than £2 million
• Your company is new to BOI UK, has been trading for less than 24 months & borrowing needs are less than £250,000
• After this a quarterly maintenance fee is charged at £25, every three months
• Automated transactions, including ATM withdrawals are free
• While manual transactions (paper processes) cost £0.80 each
• Manage your account on-the-go with 365 online & phone banking for free
• Or £5 per month for greater control with Business Online subscription (free for the first six months)
• Your business deposits are protected up to a total of £85,000 by the FSCS

• New online business bank account with no monthly fees & high interest
• Up to 3.60% AER variable, with easy access
• Accounts for businesses with complex corporate structures or multiple SPVs
• Company turnover needs to at least £1 million or you will need to deposit a minimum of £100k
• Earn Vault & accrued interest can be reached in one working day
• Access to business loans - OakNorth have already lent over £10 million up & down the UK
• Notice savings account available for larger deposits with a variable 4.75% AER
• Part of the FSCS, covering eligible deposits up to £85,000
• Score an excellent 4.8 out of 5 stars on Trustpilot

• Mobile money business account for UK-registered companies
• Monthly management fee of £9.95 with free UK bank transfers & card purchases
• Cash deposits can be made at Post Office & PayPoint locations
• Send money to more than 30 countries
• Open an manage completely in-app, with no credit checks during applications
• Save & separate money with savings pots
• Offer 24/7 in-app support, available in 14 languages
• Regulated by the FCA as an e-money account, not covered by the FSCS
• Have an excellent Trustpilot score of 4.2 out of 5

• Multiple accounts available from £0 to £99, plus VAT, per month
• Plans for sole traders & limited companies
• 24/7 mobile banking live support with their app
• Free cash deposits at Post Office branches
• Integrates with FreeAgent accounting software
• Enjoy automated invoicing & receipt management
• Set aside money in Jar accounts for your savings goals
• Not a bank, authorised by the FCA as e-money with no FSCS-protection
• TrustScore of 4.1 stars out of 5, on Trustpilot

• Accounts are available for businesses of all types & sizes that are registered in the UK or Europe
• Annual account fee of £80, with most transactions costing an additional 60p
• Fees waived & 25 free transactions offered on balances of £10,000 or more
• 24/7 online services, accessible by desktop or mobile app
• Easy transfers between businesses within India and the UK
• Help from specialist advisors
• Arranged business overdraft available
• Access to a range of business finance & savings
• Deposits of up to £85,000 are covered by FSCS

• Bank account for registered businesses, corporations & other registered legal entities
• Has an annual account maintenance charge of £100
• Requires a minimum balance of £500 to hold & costs £20 per quarter for non-maintenance
• Transaction charges start at 30p per transaction (FPS are £2, while SWIFT & CHAPS cost £25 each)
• Cash withdrawals are free up to £1,000 or cost £3 per thousand
• Remittance to India (in rupees (INR)) is free to accounts with Union Bank of India
• Offer various fund based & non-fund based facilities
• Business savings accounts are available, in both GBP & USD
• Deposits that are eligible are protected by the FSCS, up to £85,000

• New digital challenger bank offering corporate & business bank accounts
• Pricing starts from £250 per month, for small & non-UK businesses
• Transfers vary from 7p to 22p, depending on service or amount
• Open in as little as 20 minutes, if non-regulated, or 72 hours for regulated businesses
• Manage your accounts completely online or with a bespoke client partner
• Available for multiple users with multi-workflow dashboards
• Reach out to a dedicated client partner, UK-based team or online support for any help
• Eligible deposits with The Bank of London are protected by the FSCS
• Unlike other banks, money is never loaned, leveraged or invested & is all held securely at the Bank of England