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This comparison simply includes all savings accounts.

Allica Bank
Business Rewards Account Allica Bank
Monthly Fee £0
Account Type Business Current Account
Features Up to 1.5% cashback and access to a 4.08% AER (variable) integrated Savings Pot

Why we like it: Earn 1% cashback on your card spend and unlock 1.5% cashback. Access to a 4.08% AER (variable) integrated Savings Pot. Get a dedicated relationship manager that will be with you every step of the way. Sync seamlessly with your Sage or Xero accounting software. FSCS Protected for eligible deposits up to £85,000. For businesses registered 1 year and over only. Keeping less than £50,000 in the account may earn a reduced rate of interest and may incur fees. T&Cs apply

Tide
Business Account Tide
Monthly Fee £0
Account Type Business Account
Features Access to Instant Saver Account paying 4.33% AER

Why we like it: Open a free Tide business current account using referral code FAIRINVESTMENT and you can then open a Tide Instant Saver account in-app and start saving from just £1 (T&Cs apply). Designed for growing businesses and freelancers. Free account opening in as little as 5 minutes. Free contactless Mastercard. No monthly or annual fees. Free card payments UK and abroad. Free transfers between external accounts for one  year (20p per transfer thereafter). Free transfers between Tide accounts. ATM cash withdrawals  – £1. Cash Deposits – £1 at Post Office or 3% at PayPoint. 1 in 12 business current accounts opened in the UK was with Tide, within a year launch. Mobile App Features: Sync with accounting software such as Xero, QuickBooks, FreeAgent, Sage, KashFlow and Recko. Overview of your balance and all transactions listed in seconds. Auto categorisation for income and expenditure. Instant switching between separate accounts. Freeze and unfreeze card, get card PIN reminder and order a free replacement in seconds. Create and pay invoices. Access your account on any laptop or desktop

Zempler Bank
Business Go Current Account Zempler Bank
Monthly Fee £0
Account Type Business Account
Features Sign up in minutes for Business Bank Account with no monthly or annual fee

Why we like it: Straightforward pricing – No annual or monthly fee. Deposit cash at any UK Post Office or deposit money via bank transfer. Use your card online and instore or to withdraw cash. Pay bills, suppliers and expenses online. Sort and categorise spending on the go via the Cashplus Bank app. Retain control of employee spend and reconcile expenses. Integrated with leading accounting software

Wallester
Business Card Wallester
Monthly Fee £0
Account Type Business Card
Features Physical and virtual corporate cards for efficient financial management

Why we like it: Wallester Business smart cards — Instant issuance, flexible settings, payments monitoring, limit set-up — a set of functions for efficient budget control of your company. Pay with the cards wherever you are, accepted in all countries using the VISA payment system. Make payments in EUR with no commission or other convenient currency — the conversion is automatic and made with the most beneficial exchange rate. Issue virtual cards in seconds and manage them in the mobile app. Create an unlimited number of physical cards with delivery to any part of the world. Set personal spending limits on cards. Connect the cards to contactless payment systems (Apple Pay, Google Pay, and others. Wallester Business lifetime access free. No hidden fees, no account or minimum balance fees, unlimited number of users, up to 300 virtual cards included. Onboarding assistance and real-time support

Airwallex
Business Account Airwallex
Monthly Fee £0
Account Type Business Account
Features International Payments and Finance Operations

Why we like it: Open a global multi-currency account for international business payments in minutes. Create employee and company VISA cards and stay in control of all purchases from a single dashboard, in real-time. Streamline sending payments to suppliers and employees around the world, and access market-leading international FX rates no matter the transaction size: 60+ countries where you can open local currency accounts, 180+ countries from which you can accept payments, 150+ countries to which you can make transfers at interbank rates. 85% transfers arrive within the same day Automate your online bill pay processes in one place. Accept payments from customers around the world via their preferred payment methods – no coding required. End-to-end expense management system. Reconcile your corporate card expenses and reimbursements in one place, gain real-time visibility and control over employee spending, globally. Integrations with other popular platforms like Xero, Amazon, and Shopify. Award winning customer support. Start saving on everyday business expenses. Get rewarded with 10% cashback on your first $1,000 USD equivalent in eligible international card spend. See promotional terms & conditions for more information

OuiTrust
Business Account OuiTrust
Monthly Fee £0
Account Type Business Account
Features Payment Solutions for your International Business

Why we like it: Transfer money across 100+ countries worldwide at a real exchange rate, with no hidden fees. Stay in control of your business finances. OuiTrust Debit MasterCard. 30+ Currencies Support for Your Global Business. Fees from £0.3 international and local transfer to more than 100 countries and free transfers between OuiTrust Business accounts. OuiTrust provides you with highly competitive exchange rates and locked-in exchange rates promptly for easier control of exchange rate risk. Up to £3 for a Single Payment to 18 Countries, one of the lowest SWIFT transfer fees in Europe, instant payment in EUR, CNY and GBP. Trusted by 50,000 Happy Customers. 24/7 support. Monthly fee: Free to start, up to £19 for more advanced options

Anna
Business Account Anna
Monthly Fee £0
Account Type Business Account
Features Great For Small Businesses & Sole Traders

Why we like it: Try ANNA free for six months. Set up your account in less than 10 minutes and Debit Mastercard® sent the same day. ANNA doesn’t offer credit, which means the process is different by design – it’s fast, and applying won’t affect your credit score. Direct debit support. UK-based chat support – 24/7. ANNA creates and sends sales invoices for you, and politely chases payments due too. ANNA also schedules payments of purchase invoices. Connect your personal and business current accounts from other banks to ANNA to view balance and payment history in the ANNA app. ANNA will be ready for Making Tax Digital (MTD). After six months monthly fee will start from £5

Currensea
Business Card Currensea
Monthly Fee £0
Account Type Business Card
Features Great For Trading Abroad

Why we like it: Great for businesses dealing abroad. Interbank rates, the best anywhere. No card charges, no FX fees. Exchange rate 0% above wholesale. Pay in all 180 currencies. Automatic integration with all accounting platforms. Virtual or physical World Debit card. Mobile app lets you track spending and monitor transactions. Set spend limits, freeze and unfreeze your card or view your pin. Partnering with all the major high-street banks, connecting securely through Open Banking. No hidden transaction fees, even at the weekend. Zero ATM withdrawal fee up to £500/month. Apply online and receive your card in 3 to 5 days

Card One Money
Business Account Card One Money
Monthly Fee £12.5
Account Type Business Account
Features No Credit Checks Card One just need to verify your identity & residency

Why we like it: Card One aim to open your account in hours with no credit checks. Set up automatic payments for Direct Debits and Standing Orders, order up to 4 cards for your team and add money directly from your account. Set up international payments in a range of currencies with IBAN and SWIFT codes provided. Manage your business finances 24/7 online or in-app. Need to speak to someone? Customer service team is available Monday-Friday, 08:30-17:00. Export statements to accounting softwares including Xero, Sage, FreeAgent. Application Fee £55. Minimum monthly account fee of £12.50. UK registered business only. Primary account holder must be at least 18 years of age. Business owner/ UK residents only

Ampere
Business Account Ampere
Monthly Fee £20
Account Type Business Account
Features Ampere offer the lowest exchange rates and lightning-fast transactions for secure payments

Why we like it: For companies of all shapes and sizes - available to start-ups, small and medium enterprises, newly registered businesses, companies with local or foreign directors and more. Quick and easy foreign transactions and FX payments. Local transfer in GBP & EUR - £0.00. Incoming international transfer in GBP/EUR (SWIFT) - £25.00. Currency exchange (EUR/GBP, GBP/EUR) - 0.35% from the exchange amount. Access all business account features from your phone, PC or tablet anytime and anywhere. Merchant account - receive settlements twice a week and enjoy reduced costs, starting from 0.65%. Corporate & private debit card - with no monthly fees, pay in local currencies with flexible repayments. Business loans - apply for up to double monthly turnover after just three months of operating. You can open an account with Ampere if you are at least 18 years old, a UK and EU-based director with a UK registered enterprise (LTD, LLP, LP). Also you have to be a UK or EU resident. £35 Business Account setup fee £20 Business Account maintenance per month. Eligible deposits are covered up to £85,000 by the Financial Services Compensation Scheme

MultiPass
Business Account MultiPass
Monthly Fee £23
Account Type Business Account
Features Enjoy intentionally simple business banking with MultiPass

Why we like it: MultiPass is a bank challenger that offers multi-currency virtual IBANs, local EU, UK and US accounts as well as a corporate card to cover day-to-day business expenses. Transact in 30+ currencies across 180 countries. Get your own dedicated IBAN and local UK, EU & US accounts. Make fast multi-currency payments globally via SWIFT or local payment networks. 98% of payments are performed in under 24h. MultiPass gives you access to bank-beating exchange rates that guarantee significant savings versus traditional banks. Get local presence in 20+ countries. Use SEPA Instant (EUR), ACH (USD), Faster Payments (GBP) and other local payment channels to transact in foreign markets cheaper and faster Benefit from personal manager support. A dedicated banking expert that understands your business nature with help you out with any questions and ensure smooth delivery or your payments. Onboard and manage your account entirely online, wherever you are. MultiPass is part of the Dyninno Group, an international holding with over 19 years of experience in the global market

NatWest Business Bank Accounts

What is a NatWest business bank account?

A NatWest business bank account is designed for companies that have been trading for over a year with a turnover of £1m or over.

NatWest also offer accounts for small businesses and start-ups, sole traders and freelancers, and charities and clubs, but these are separate from their business bank account.

Their business account offers a simple charging model where you only pay for certain banking transactions, and also provides additional services like a Relationship Manager and specialist programmes to help your business.

Why use a NatWest business bank account?

A business bank account is a legal requirement for limited companies as you need to keep your business’s finances separate from your own for tax purposes.

In addition to organising your company’s finances, a business bank account also makes your banking more streamlined, cost-effective and efficient.

The less time you spend administrating your company’s finances, the more time you have to focus on the things that really matter within your business.

What are the benefits of a NatWest business current account?

NatWest business current accounts provide your company with a multitude of banking features that organise and streamline your company’s finances.

There is a long list of banking features available, but we’ve created a shortlist of the most important ones:

  • Company debit cards
  • ATM cash withdrawals
  • Set up automated payments including Direct Debits and Standing Orders
  • BACS and CHAPS transfers for faster payments
  • Business credit cards
  • Business loans and overdrafts
  • Manage your account 24/7 online and via the banking app
  • International payments
  • Events and programmes to help you grow your business
  • A dedicated Relationship Manager to support your business banking (turnover over £2m required)
  • Account switch service
  • Integrated accounting software from FreeAgent
  • UK Branches for a face-to-face service
  • Access to Bankline, NatWest’s customisable online banking service

What are the charges for a NatWest business account?

NatWest’s business accounts have a charging structure that’s designed so you only pay for what you use.

This means that there is no ongoing monthly charge for owning a NatWest business current account.

Here are the key business account charges to be aware of:

  • Automated payments in or out = £0.35 per item

  • Cash payments in or out = £0.70 per £100

  • CHAPS payments = £21 within NatWest, £23 to other banks

  • BACS payments = £0.18 per item

  • Overdraft Interest = £15 per annum

  • Non-sterling transaction fee = 2.75% of the value of the transaction

There are other charges depending on how you use your account, but the above fees are the ones you’ll likely be paying the most.

For the full breakdown, you can visit NatWest’s business bank account online page and download their charges brochure.

Can I switch my current business bank account to a NatWest business account?

NatWest’s Current Account Switch Service takes the hassle out of switching your current business bank account.

Your business account switch guarantees the following:

  • Covered by the Current Account Switch Guarantee
  • Completed in 7 working days
  • Automatic transfer of all existing Direct Debits and Standing Orders
  • Automatic closure of your old account and transfer your balance
  • All payments to and from your old account are forwarded and redirected

To ensure you can switch business accounts with all the above guarantees, you’ll need to meet the following requirements:

  • You must have a NatWest account already open

  • Your old bank must participate in the Current Account Switch Service

  • You must meet the switch criteria with your old bank

To switch, you’ll just need to complete the Current Account Switch paperwork and NatWest will complete the rest for you and switch you over on a day of your choosing.

How do I open a NatWest business bank account?

You can open a NatWest business bank account online in minutes by following the online instructions.

Here’s a list of requirements you need to meet before you apply:

  • You must be 18 or over
  • You must be the owner or a director of the company
  • Your business address must be registered in the UK, Channel Islands, Gibraltar or Isle of Man or you must be registered for tax purposes in one of these jurisdictions
  • You must not have been declared bankrupt, received a County Court Judgement (CCJ), or a Court Decree

Here's a list of the personal information you’ll need to supply:

  • Your full name, date of birth, and place of birth
  • Your home address and the date you moved in
  • Your preferred contact information
  • The personal details for any directors or partners

Here’s a lift of the company details you’ll need to supply:

  • Your trading addresses
  • Your business contact information
  • Some information about your business and the number of employees
  • Any additional trading names your business has
  • Information on your financial year-end
  • Information on the countries you and your business are registered in
  • Your year-end accounts
  • Your business’s cash flow forecasts
  • Your registered company number

Once you’ve applied for your business account, you will need to wait for your application to be approved by NatWest before you can start banking.




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Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

We've been comparing savings and current accounts for many years so you can trust you're in good hands.