Compare Business Current Accounts
Business Current Account
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
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
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
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
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
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
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
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
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
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
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
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Business Current Accounts
When opening a business bank account, many people simply go with whoever they do their personal banking with. This can be a mistake, however, as interest rates and other features on business accounts vary significantly from provider to provider, meaning it is definitely worth shopping around to find the best deal for you.
Types of business bank accounts
There are various different kinds of business current accounts that could be relevant to your company. Which type of bank account you need will depend on the kind of business you have and some companies will need more than one kind of current account to facilitate different aspects of their business.
Standard business current account
Most businesses will be able to set up a standard business current account. This should give you basic features such as a paying in book, cheque book and online banking. You will normally earn interest on any credit balance in your account and may be able to have an overdraft facility if required. Most banks will provide extra support and guidance on request to business customers.
Start-up business current account
If you are starting a new enterprise, you may qualify for a specialist start-up bank account. This will often give you free business banking for an introductory period, plus standard features such as a cheque book, paying in book, Visa debit card and online banking.
Client current account
If you are a professional practice that needs to hold money on behalf of clients, it is sensible to have a client current account. This allows you to keep customers’ money separate from your own. Many banks will offer client current accounts for free to existing business customers, although you may be charged for non-standard transactions.
Corporate and commercial banking accounts
Medium and large business who need more comprehensive or international banking services will likely want to consider a corporate or commercial bank account. This kind of account is likely to come with a much higher level of support including a personal account manager.
What to look for in a business bank account
There are various features that different banks and building societies will offer with their business current accounts. Some of the key things to look out for are:
- Interest rates on credit balances and overdrafts
- Monthly or quarterly account fees (often known as “standing charges”)
- Transaction fees
- Free introductory periods (often around 12-18 months)
- Extra financial tools
- Online and phone banking
- What sort of support is offered with the account
Find the best business current account for you
Getting the best interest rates and other features with your business bank account can save you money and make your life easier. However, with so many different brands and financial products to choose from, finding the best deal on a business current account that offers everything you need can be tricky.
Our business current account comparison tool, found at the top of the page, allows you to quickly and easily compare some of the best value accounts from leading lenders across the market. That way you can find the best business current account for you with minimal hassle.
