This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

This comparison simply includes all savings accounts.

Advertisement
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

Details

UK Company Yes
Revolut
Business Account Revolut
Monthly Fee £0
Account Type Business Account
Features The all-in-one business account: Scale and save with global payments and smarter spending

Why we like it

Multi-currency bank account. Hold 25+ currencies. Save money on payments, and exchange at great prices. Save money on currency exchange by locking in rates with forward contracts. Or set alerts for your ideal exchange rates. 100+ countries supported for payments. Take a range of in-person and online payment methods, fast, with tools like Revolut Pay, Revolut Reader, Payment Links and more. Physical and virtual debit cards available. Stay in control with spending limits, analytics, and expenses. Sync your software - set approvals and controls and reconcile rapidly. Account pricing ranges from zero a month for basic plan to £79 a month for full package. Custom plans also available, tailored for larger businesses. 4.9/5 for customer satisfaction. 2024 winner of Finder's Business Banking Customer Satisfaction award

Details

UK Company Yes
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

Details

UK Company Yes
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

Details

UK Company Yes
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

Details

UK Company Yes
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

Details

UK Company Yes
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

Details

UK Company Yes
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

Details

UK Company Yes
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

Details

UK Company Yes
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

Details

UK Company Yes
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 FSCS

Details

UK Company Yes
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

Details

UK Company Yes

Starling Business Bank Accounts

What is a Starling business bank account?

A Starling business account is a bank account for sole traders, freelancers, limited companies and other registered businesses.

It's a bank account designed to make business banking easier. From spending categorisation and analysis, to automatic invoicing, to linked accounting software, there are several invaluable features of business bank accounts.

If you’re a sole trader, you’ll want to keep your business and personal spending separate, as well as having a clear audit trail of your income for your annual tax return.

If you own a limited company, managing your business’s income and expenditure is essential for tax purposes, and you’ll want to do it in the most convenient, cost-efficient way possible.

The less time you spend on your company’s finances, the more time you can invest in developing your business.

What are the benefits of a Starling business current account?

Convenient, intuitive, on-the-go banking is essential in the modern world of business. Things move fast in today’s business world, and tools like automatic invoicing, receipt saving for expenses and accounting software integration make your business finances efficient.

Here are some of the key features of Starling business accounts that speed up your company banking:

  • QuickBooks, FreeAgent and Xero integration
  • Automated business spending categorisation
  • Receipt saving
  • Mobile app and online banking
  • Apple Pay, Google Pay and Samsung Pay
  • Managed Direct Debits and Standing Orders
  • Deposit cash at the Post Office
  • Deposit cheques via the Starling Bank app or Freepost service

Can I trust Starling bank?

Starling Bank is a fully licensed and regulated bank. It’s also covered by the Financial Services Compensation Scheme (FSCS), which means you’re protected for up to £85,000 of your deposits in the event that Starling Bank goes into administration.

Starling business accounts also offer a number of security features to protect your company’s finances. Here are some of the key ones that keep your money safe:

  • 24/7 customer support
  • In-app card freezing
  • FSCS Protection for £85,000
  • In-app payment notifications alerting you to unrecognised activity

Is a Starling Bank business account good for overseas banking?

Starling Bank also excels in its services for overseas company banking. Here are some of the highlights of their international banking features:

  • No fee for card payments abroad
  • No fee for ATM withdrawals abroad
  • International bank transfers to over 30 countries worldwide
  • Hold and exchange Euros and Dollars if required

What are the charges on a Starling business account?

Starling business current accounts are flexible in how much they cost. The charging structure is designed so that you only pay for what you need where possible.

Starling Business Free Account

Startling offer a free business bank account that includes the majority of their banking features. There are no monthly fees for this account, although you’ll be charged for certain transactions you complete in your account.

If you aren’t doing a huge amount of banking activity in your account, then the free account is a great option because you’ll only pay for what you use.

Business Account Add-ons

To get more out of your free Starling business account, you can buy a number of add-ons to suit your business banking needs.

Their Business Toolkit costs £7 per month and provides features such as:

  • Ability to quickly generate and send invoices
  • Tax calculation functions including tax reports
  • Efficiently recording and submitting your VAT figures

Starling’s Euro business account is £2 per month and adds international banking features, including:

  • The ability to Exchange and hold euros
  • The option to set up local account details meaning you can make and receive local payments for free
  • Free overseas spending on your card

Starling also offers a US dollar business account add-on, which provides:

  • The ability to send and receive US dollars
  • The option to set up local US account details for free payments
  • A bank card conveniently combined with your regular business card so you don’t need two

What is needed to open a Starling business account?

To be eligible for a Starling business account as a Limited Company, you need:

  • To be a Limited Company or LLP registered at Companies House.
  • All Persons of Significant Control (PSCs) must be UK residents.
  • Proof of your trading activities.
  • To pass the standard Anti-Money Laundering and Know Your Customer fraud and credit checks.
  • A smartphone.
  • Valid photo ID like a passport or UK driving licence.
  • A bank statement showing your business activity is useful.

To apply for an account as a sole trader or freelancer, all you’ll need is the Starling Bank mobile app and your photo ID. Along with entering some personal details and other information, this is all you need to create your free business account in minutes.

  • Download the app to apply
  • Verify your account by entering the verification code texted to you
  • Enter your basic information
  • Record a selfie video and take a picture of your ID to prove your identity

How long does Starling bank take to approve a business account?

A Starling Bank business account application takes about 10 minutes. It can take longer for your account to be approved, especially if you have a complicated business structure, but the process is intuitive and easy.

You can also speak to the customer service team at any stage for help.




Latest news

Popular Fixed Income Plan - Pays 5.34% pa with Monthly Income

Are you getting 5.34% fixed from your capital?  Read More »

Newsletter signup

Sign up to our Newsletter to get exclusive news and offers direct to your inbox.

Let's get social now! Twitter Facebook

About us

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.