Business Bank Accounts

  • Help your company grow by choosing the right business bank account to suit your business needs.
  • Whether you're looking for your first business bank account or want to switch from your current provider.
  • Compare the UK's top business bank accounts from the high street bank to alternative options.
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Cashplus Business Current Account
  • Online Application, sign up in under 5 minutes
  • Account number instantly available to approved customers
  • Mobile App & 24/7 online account Management
  • No monthly fees
Choose your business current account options

    Business Accounts for Startups

  • Cashplus - Business Account

    • Maximum
      Interest (AER)
      0%
    • Free Banking
      Duration
      None
    • Account Fee
      £69 per year
    • Overdraft
      Facility
    • iDraft credit line (subject to approval) - a re-usable line of credit linked to your Cashplus Business Account
    • Free to receive bank transfers
    • Pay in cash at the Post Office & Retail partners, with the first £1k per month free, then 0.25% fee afterwards
    • UK Call Centre, Online Banking & Mobile App
    • No credit check or interview - apply instantly online
    • Accounts typically opened within 5 minutes of application
  • Yorkshire Bank - Start-up Business Banking

    • Maximum
      Interest (AER)
      0%
    • Free Banking
      Duration
      25 months
    • Account Fee
      £5 per month thereafter
    • Overdraft
      Facility
    • Direct contact - with someone who understands your type of business
    • Flexible solutions - a range of financial management solutions to choose from
    • Specialist support - tools and guidance available
    • *Offer applies to Start Ups opening first account within 12 months of beginning trading. No charges applies to cash or cheque deposits and withdrawals, Direct Debits or other automated transactions.
  • CardOneBanking - Small Business Account

    • Maximum
      Interest (AER)
      0%
    • Free Banking
      Duration
      None
    • Account Fee
      From £12.50 per month
    • Overdraft
      Facility
    • No credit checks and no branch visits
    • Free text alerts each time money is paid in and confirming bills are paid
    • No bounced payment charges
    • Most accounts opened within 3 hours of application
    • Account fee - £12.50 per month plus £55 application fee (refundable if application is not successful)
  • Acorn Account - for Business

    • Maximum
      Interest (AER)
      0%
    • Free Banking
      Duration
      None
    • Account Fee
      From £12.50 per month
    • Overdraft
      Facility
    • No credit checks
    • Pay in at Barclays branches and at the Post Office
    • 24 hour delivery of account details.
    • Pay bills using Faster Payments from your smart-phone.
  • HSBC - Start-up Business Account

    • Maximum
      Interest (AER)
      0%
    • Free Banking
      Duration
      Up to 18 months
    • Account Fee
      From £5.50 per month thereafter
    • Overdraft
      Facility
    • *Free banking for 18 months is available If you're a start-up, your projected turnover is up to £2m, and you trade solely in the UK.
    • Business internet banking for real-time balances
    • Business mobile banking to view balances and make payments on the move
    • Business Specialists available in branches across the UK to talk in detail about how we can meet your needs
    • Tools and articles in our online Knowledge Centre to help you grow your business
    • Guidance from our International Support Centre on how to start trading overseas
    • Face-to-face or online Business Review to identify opportunities and help you achieve your goals
    • *Subject to status and applicable terms and conditions
  • Santander - Start-Up Business Current Account

    • Maximum
      Interest (AER)
      0.10%
    • Free Banking
      Duration
      Up to 18 months
    • Account Fee
      £7.50 per month thereafter
    • Overdraft
      Facility
    • If your business is in its first year of trading and this is its first Business Current account with Santander, you'll get 12 months free business banking. You could get 18 months free if, prior to opening the account, you are a 1|2|3 World or Santander Select or Santander Private customer (see provider site for eligibility). After this free business banking period, you'll move to our £7.50 per month tariff.
    • Awarded Best Business Current Account Provider for the last 15 years by Moneyfacts, the Start-up Business Current Account is for small-to-medium sized businesses with up to two directors, owners (shareholders) or partners, trading less than 12 months and opening their first Santander Business Current Account.
    • The monthly tariff includes day-to-day banking such as depositing and issuing cheques, Direct Debits, standing orders, bill payments and debit card payments.
    • Non-standard transactions such as CHAPS payments, change-giving and foreign currency transactions will incur a charge.

    • Benefit from interest on any credit balance, Online and Mobile Banking, free text and email account alerts and online business support.
  • Countingup - Business Current Account

    • Maximum
      Interest (AER)
      0%
    • Free Banking
      Duration
      Ongoing*
    • Account Fee
      Free*
    • Overdraft
      Facility
    • Account opened in 5 minutes from your smartphone
    • Free to send and receive bank transfers
    • Integrated bookkeeping software
    • Pay in cash at the Post Office & PayPoint (£1 for Post Office and 2.5% plus 35p for PayPoint)
    • No credit check
  • Business Accounts for Switchers

  • Cashplus - Business Account

    • Maximum
      Interest (AER)
      0%
    • Free Banking
      Duration
      None
    • Account Fee
      £69 per year
    • Overdraft
      Facility
    • iDraft credit line (subject to approval) - a re-usable line of credit linked to your Cashplus Business Account
    • Free to receive bank transfers
    • Pay in cash at the Post Office & Retail partners, with the first £1k per month free, then 0.25% fee afterwards
    • UK Call Centre, Online Banking & Mobile App
    • No credit check or interview - apply instantly online
    • Accounts typically opened within 5 minutes of application
  • Yorkshire Bank - Switchers Business Account

    • Maximum
      Interest (AER)
      0%
    • Free Banking
      Duration
      25 months
    • Account Fee
      £5 per month thereafter
    • Overdraft
      Facility
    • Direct contact - with someone who understands your type of business
    • Flexible solutions - a range of financial management solutions to choose from
    • Specialist support - tools and guidance available
    • *Offer applies to new Small Business Banking customers with a turnover of less that £2 million switching their main business current account. No charges applies to cash or cheque deposits and withdrawals, Direct Debits or other automated transactions for 25 months.
  • CardOneBanking - Small Business Account

    • Maximum
      Interest (AER)
      0%
    • Free Banking
      Duration
      None
    • Account Fee
      From £12.50 per month
    • Overdraft
      Facility
    • No credit checks and no branch visits
    • Free text alerts each time money is paid in and confirming bills are paid
    • No bounced payment charges
    • Most accounts opened within 3 hours of application
    • Account fee - £12.50 per month plus £55 application fee (refundable if application is not successful)
  • HSBC - Switcher Business Account

    • Maximum
      Interest (AER)
      0%
    • Free Banking
      Duration
      12 months
    • Account Fee
      From £5.50 per month thereafter
    • Overdraft
      Facility
    • *Free banking for 12 months is available for businesses trading solely in the UK, with an annual turnover not exceeding £2m.
    • Switch to HSBC in just 7 days
    • Business internet banking for real-time balances
    • Business mobile banking to view balances and make payments on the move
    • Business Specialists available in branches across the UK to talk in detail about how we can meet your needs
    • Tools and articles in our online Knowledge Centre to help you grow your business
    • Guidance from our International Support Centre on how to start trading overseas
    • Face-to-face or online Business Review to identify opportunities and help you achieve your goals
    • *Subject to status and applicable terms and conditions.
  • Acorn Account - for Business

    • Maximum
      Interest (AER)
      0%
    • Free Banking
      Duration
      None
    • Account Fee
      From £12.50 per month
    • Overdraft
      Facility
    • No credit checks
    • Pay in at Barclays branches and at the Post Office
    • 24 hour delivery of account details.
    • Pay bills using Faster Payments from your smart-phone.
  • Santander - Business Current Account

    • Maximum
      Interest (AER)
      0.10%
    • Free Banking
      Duration
      None
    • Account Fee
      from £7.50
    • Overdraft
      Facility
    • Awarded Best Business Current Account Provider for 15 years (Moneyfacts). If you have a small-to-medium sized business with up to two directors, owners (shareholders) or partners, you could be eligible for our Business Current Account.
    • There are 4 tariffs based on your monthly cash deposits:

      £7.50 a month for a cash deposit limit of up to £1,000 a month, then 50p per £100
      £12.50 a month for a cash deposit limit of up to £3,000 a month, then 50p per £100
      £20.00 a month for a cash deposit limit of up to £5,000 per month, then 50p per £100
      £40.00 a month for a cash deposit limit of up to £10,000 a month, then 50p per £100

    • All tariffs include day-to-day banking such as depositing and issuing cheques, Direct Debits, standing orders, bill payments and debit card payments.
    • Non-standard transactions such as CHAPS payments, change-giving and foreign currency transactions will incur a charge.
    • Benefit from interest on any credit balance, Online and Mobile Banking, free text and email account alerts and online business support.
    • Use our calculator to see how much your business could save when you switch to Santander.
  • Countingup - Business Current Account

    • Maximum
      Interest (AER)
      0%
    • Free Banking
      Duration
      Ongoing*
    • Account Fee
      Free*
    • Overdraft
      Facility
    • Account opened in 5 minutes from your smartphone
    • Free to send and receive bank transfers
    • Integrated bookkeeping software
    • Pay in cash at the Post Office & PayPoint (£1 for Post Office and 2.5% plus 35p for PayPoint)
    • No credit check
  • Business Accounts with no Credit Check

  • Cashplus - Business Account

    • Maximum
      Interest (AER)
      0%
    • Free Banking
      Duration
      None
    • Account Fee
      £69 per year
    • Overdraft
      Facility
    • iDraft credit line (subject to approval) - a re-usable line of credit linked to your Cashplus Business Account
    • Free to receive bank transfers
    • Pay in cash at the Post Office & Retail partners, with the first £1k per month free, then 0.25% fee afterwards
    • UK Call Centre, Online Banking & Mobile App
    • No credit check or interview - apply instantly online
    • Accounts typically opened within 5 minutes of application
  • CardOneBanking - Small Business Account

    • Maximum
      Interest (AER)
      0%
    • Free Banking
      Duration
      None
    • Account Fee
      From £12.50 per month
    • Overdraft
      Facility
    • No credit checks and no branch visits
    • Free text alerts each time money is paid in and confirming bills are paid
    • No bounced payment charges
    • Most accounts opened within 3 hours of application
    • Account fee - £12.50 per month plus £55 application fee (refundable if application is not successful)
  • Acorn Account - for Business

    • Maximum
      Interest (AER)
      0%
    • Free Banking
      Duration
      None
    • Account Fee
      From £12.50 per month
    • Overdraft
      Facility
    • No credit checks
    • Pay in at Barclays branches and at the Post Office
    • 24 hour delivery of account details.
    • Pay bills using Faster Payments from your smart-phone.
  • Countingup - Business Current Account

    • Maximum
      Interest (AER)
      0%
    • Free Banking
      Duration
      Ongoing*
    • Account Fee
      Free*
    • Overdraft
      Facility
    • Account opened in 5 minutes from your smartphone
    • Free to send and receive bank transfers
    • Integrated bookkeeping software
    • Pay in cash at the Post Office & PayPoint (£1 for Post Office and 2.5% plus 35p for PayPoint)
    • No credit check

Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. Use the drop down menu at the top of the page to order by other criteria

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More about business current accounts

If you run your own business, you could probably benefit from opening a specialist, dedicated current account for your company. Offered through all of the usual banks and building societies such as Barclays, Lloyds, Natwest, Santander and more along with specialist providers, business bank accounts offer debit cards, overdraft facilities, cheque books and automated payments such as direct debits and standing orders, just like a personal account does.

Over and above this, a business bank account usually offers a range of additional benefits. These can include change facilities, the option of a much higher overdraft, access to business guides and training materials, the use of communal meeting rooms and business-class travel facilities, foreign exchange rate discounts, fast international payments and insurance.

Although there is no legal obligation for companies to hold an actual business bank account, it is vital that the business's monetary affairs are kept separate from personal ones. However, if you are a start-up company or you work as a sole trader and do not think you need any of the additional benefits that a business account offers, a separate personal account will suffice.

Anybody that runs a company of any size is usually eligible to apply for a business bank account, though credit rating restrictions will apply. Some banks provide different accounts depending on the size or type of the business.

The most basic business banking accounts are free. For anything more complicated you'll pay either a flat monthly fee, pay-as-you-go by the transaction or a mixture of both.

Click here to find out more about business bank accounts with Know Your Money's guide.

Helpful links for current account issues

Financial Conduct Authority (FCA) - The UK financial regulator's website features lots of useful information for banking customers covering everything from knowing your rights to how to stop unauthorised payments.

Financial Service Compensation Scheme (FSCS) - The FSCS is the best place to find out if your bank is covered by the compensation scheme and for advice on making a claim.

Financial Ombudsman Service - If you've complained to your bank and are still having ongoing problems then the Financial Ombudsman is the next step - their website covers everything you need to know about making a complaint.

Money Advice Service - The government's Money Advice Service provides unbiased advice on choosing, opening and managing a current account.

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