Promoted
HSBC UK Small Business Banking Account – £100 Amazon.co.uk Gift Card*
  • No monthly account fee and free UK digital banking**
  • Comprehensive features: A full range of business banking services
SEE OFFERExternal link icon
*Claim a £100 Amazon.co.uk Gift Card if accepted for a HSBC Small Business Banking Account. Offer ends April 3rd 2026. T&Cs apply. **Free UK digital banking means day-to-day standard electronic transfers made through Business Internet Banking and HSBC UK Business Banking app are free. Other charges apply e.g. cheques and CHAPS. See Business Price List for details. Subject to application, eligibility, credit check and T&Cs.
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Get £100 cashback when you open a Tide business bank account*
Tide Business Bank Account
AccountingCash DepositsFast OpeningNo Hard Credit Check
FSCS Protectedcurrent account switch guarantee logo
  • Monthly Fee:
    Free
  • Bank Transfers:
    Free for one year*
  • Overdraft:
    No
  • Account Access:
    App & Online
  • GO TO SITEExternal link icon
GO TO SITEExternal link icon
Great For:

  • Apply online in minutes with no credit checks or paperwork needed
  • This account comes with no monthly maintenance fees
To Consider:

  • 20p per bank transfer after the first year
  • Tide is a digital-only service. There are no physical branches for in-person banking or face-to-face support
Great For:

  • Apply online in minutes with no credit checks or paperwork needed
  • This account comes with no monthly maintenance fees
To Consider:

  • 20p per bank transfer after the first year
  • Tide is a digital-only service. There are no physical branches for in-person banking or face-to-face support
Features:

  • Create and send invoices for free
  • Multi-business – hold up to 5 business accounts
  • Automated 30-day cash flow forecasts
Criteria:

  • For registered business account: you must be registered with UK Companies House as a director of that company or partnership
  • For sole trader account: you must be a UK based sole trader/freelancer
  • For all accounts: you must be aged 18+, have a valid UK phone number and address, and hold compatible device registered to a UK App or Google Play store
SEE DEALExternal link icon
*If you complete the application and spend £1000 within 60 days of opening an account we’ll give you £100 cashback. Enter code BCA100 when you sign up. T&C apply. FSCS-Protected, Bank Account by ClearBank.
Get £200 when you open a Lloyds Business Account. Offer ends 31 March 2026. T&Cs apply*
Lloyds Business Account
Branch AccessCash Deposits
FSCS Protectedcurrent account switch guarantee logo
  • Monthly Fee:
    Free For 12 months, then £8.50
  • Bank Transfers:
    100 electronic payments out free per month**
  • Overdraft:
    Yes
  • Account Access:
    App, Online & Branch
  • GO TO SITEExternal link icon
GO TO SITEExternal link icon
Great For:

  • Full access; online, via the app, phone, or at a branch.
  • No monthly fee for 12 months if it’s your first Lloyds Business Account.
To Consider:

  • £8.50 monthly fee after 12 months. Some transaction fees still apply.
  • You must have a turnover of less than £25m.
Great For:

  • Full access; online, via the app, phone, or at a branch.
  • No monthly fee for 12 months if it’s your first Lloyds Business Account.
To Consider:

  • £8.50 monthly fee after 12 months. Some transaction fees still apply.
  • You must have a turnover of less than £25m.
Features:

  • Digital banking with no account fee for 12 months***
  • Bank in whatever way suits your business – online, with our mobile app, over the phone or in branch
  • Support from our UK-based relationship team
Criteria:

  • To qualify for this account you need to be a sole trader, partner or company director
  • You must have a turnover of less than £25m
  • Must be 18 years old or over
  • Must not already have a Lloyds Bank business account for this business
  • Overdraft: Debit interest is charged monthly and monthly or annual fees will apply depending on your credit limit. Where you exceed your Overdraft limit, unauthorised interest and charges will apply
  • All lending is subject to status. Security may be required. A guarantee may be required for Limited Companies and Limited Liability Partnerships
SEE DEALExternal link icon
*You'll qualify for the £200 payment if, within two months of your Business Account opening, you spend at least £100 on eligible debit card purchases and set up two direct debits. **100 electronic payments out free per month, 20p thereafter. ***After 12 months, there’s a monthly fee of £8.50. Some fees and transaction charges will apply as soon as the account is open. This offer only applies to the business’s first current account.
Free day-to-day online business banking* and access online, via app or in branch
Virgin Money M Account for Business
Branch AccessCash Deposits
FSCS Protectedcurrent account switch guarantee logo
  • Monthly Fee:
    Free
  • Bank Transfers:
    Free
  • Overdraft:
    Yes
  • Account Access:
    App, Online & Branch
  • GO TO SITEExternal link icon
GO TO SITEExternal link icon
Great For:

  • Free online business banking (excluding CHAPS & international)
  • Link up your business to market leading tools, such as Sage, Xero, Google, Shopify and more
To Consider:

  • Up to £1million annual turnover
Great For:

  • Free online business banking (excluding CHAPS & international)
  • Link up your business to market leading tools, such as Sage, Xero, Google, Shopify and more
To Consider:

  • Up to £1million annual turnover
Features:

  • Free day-to-day online business banking (excluding CHAPS and international payments)
  • Earn 0.25% Cashback on debit card purchases. Terms and exclusions apply
  • Manage all your business data in one place using Virgin Money’s M-Track insights platform. Link up your business to market leading tools, such as Sage, Xero, Google, Shopify and more, to track them from one simple dashboard
Criteria:

  • Must be based and operated in the UK (excluding Channel Islands, Isle of Man and Northern Ireland)
  • All owners, directors, senior managers and account signatories must be over 18 years old
SEE DEALExternal link icon
*excluding CHAPS and international payments
Get a £100 business bonus when you open an account and add just £0.01*
Revolut Basic Business Account
Fast OpeningGlobal Currency AccountsNo Hard Credit Check
current account switch guarantee logo
  • Monthly Fee:
    £10
  • Bank Transfers:
    10 Free per month
  • Overdraft:
    No
  • Account Access:
    App & Online
  • GO TO SITEExternal link icon
GO TO SITEExternal link icon
Great For:

  • Multi-currency accounts, physical and virtual cards plus spend management tools
  • Compatible with accounting software and create invoices in app
To Consider:

  • Only 5 free local transfers and no free international transfers
  • An e-money product with no branch access
Great For:

  • Multi-currency accounts, physical and virtual cards plus spend management tools
  • Compatible with accounting software and create invoices in app
To Consider:

  • Only 5 free local transfers and no free international transfers
  • An e-money product with no branch access
Features:

  • Multi-currency accounts – receive payments and exchange in 25+ currencies
  • Control and monitor team spending with multiple debit and virtual cards, manage permissions and levels of access and more
  • Various payment facilities including Tap to Pay on iPhone (fees apply)
  • International payments – Send and receive money from 150+ countries
Criteria:

  • Available for limited companies, PLCs, LLPs, Partnerships & unlimited companies
  • Currently available for companies registered in and with a physical presence within the European Economic Area (EEA), Switzerland, UK and US
SEE DEALExternal link icon
*Open a Revolut Business account and add money (as little as £0.01) to your account by 31 March 2026 to receive a £100 welcome bonus. Available for new Revolut Business customers in the UK only. Fees, promotion terms and T&Cs apply.
One month free trial. T&Cs apply.
Airwallex Accelerate Business Account
Fast OpeningGlobal Currency AccountsNo Hard Credit Check
  • Monthly Fee:
    £999
  • Bank Transfers:
    Free
  • Overdraft:
    No
  • Account Access:
    App & Online
  • GO TO SITEExternal link icon
GO TO SITEExternal link icon
Great For:

  • Open local currency accounts in 60+ countries
  • Make international transfers to 150+ countries at interbank rates
To Consider:

  • If operating in the UK you won’t need a multi-currency account
  • An e-money product with no branch access
Great For:

  • Open local currency accounts in 60+ countries
  • Make international transfers to 150+ countries at interbank rates
To Consider:

  • If operating in the UK you won’t need a multi-currency account
  • An e-money product with no branch access
Features:

  • Consolidated Finances across global entities
  • Single sign-on (coming soon)
  • Netsuite integration including expenses and bills sync
  • HRIS platform integrations (coming soon)
  • Dedicated account manager and onboarding support
Criteria:

  • You must be at least 18 years old
  • Be a sole trader, partner in a partnership, or company
  • Your business is registered in the UK. More markets are available with different Airwallex entities. Details can be found on the Airwallex website.
SEE DEALExternal link icon
Get £200 Cashback with a Tide business bank account and savings account. Earn up to 4.00%**
Tide Savings Business Bank Account & Savings Account
AccountingCash DepositsFast OpeningNo Hard Credit Check
FSCS Protectedcurrent account switch guarantee logo
  • Monthly Fee:
    Free
  • Bank Transfers:
    Free for one year*
  • Overdraft:
    No
  • Account Access:
    App & Online
  • GO TO SITEExternal link icon
GO TO SITEExternal link icon
Great For:

  • Apply online in minutes with no credit checks or paperwork needed
  • This account comes with no monthly maintenance fees
To Consider:

  • 20p per bank transfer after the first year
  • Tide is a digital-only service. There are no physical branches for in-person banking or face-to-face support
Great For:

  • Apply online in minutes with no credit checks or paperwork needed
  • This account comes with no monthly maintenance fees
To Consider:

  • 20p per bank transfer after the first year
  • Tide is a digital-only service. There are no physical branches for in-person banking or face-to-face support
Features:

  • Create and send invoices for free
  • Multi-business – hold up to 5 business accounts
  • Automated 30-day cash flow forecasts
Criteria:

  • For registered business account: you must be registered with UK Companies House as a director of that company or partnership
  • For sole trader account: you must be a UK based sole trader/freelancer
  • For all accounts: you must be aged 18+, have a valid UK phone number and address, and hold compatible device registered to a UK App or Google Play store
SEE DEALExternal link icon
**To be eligible for the £200 Cashback offer, open both a Tide Instant Saver and Tide Business Bank Account. Ts&Cs Apply. Up to 4% AER (variable). Interest rates are tiered, with the top rate for balances between £1M and £10M. The top rate includes a 0.26% savings boost. New Tide Members get these rates free for 4 months, after which your Tide plan’s rates apply. For full offer T&Cs visit tide.co/savings. FSCS-Protected Bank Account by ClearBank.
FCSC Protected

The Financial Services Compensation Scheme (FSCS) protects up to £120,000 of eligible deposits per person or company, per firm, which is authorised and regulated by the Financial Conduct Authority (FCA). The limit is the total of all deposits held with one firm. For more information visit www.fscs.org.uk.

Our comparison is ordered by the commercial arrangements with some, or all, of the providers featured. Our service is free and commercial arrangements have no effect on the products you may select. To find out more about our independence, regulatory authorisation and how we earn money, visit the ‘About’ page on our website.

¹ BRANCH ACCESS Account provider maintains a nationwide branch access for face to face customer banking and/or relationship management.

² CASH DEPOSITS Facilities to deposit cash in either a branch, Post Office, Paypoint or other locations into the account. Limits and charges may apply.

³ NO HARD CREDIT CHECK A soft credit check for ID & Fraud purposes is carried out for account only applications. If you apply for a credit product such as an overdraft with the business account, a hard credit check will be initiated.

⁴ FAST OPENING Accounts opening in 3 days or less in most circumstances. Excludes application timescales.

⁵ GLOBAL CURRENCY ACCOUNTS Currency accounts with local (domestic) bank details for the EU (SEPA) and at least one international country e.g. USA (ACH) to transact as a local business. This feature can also be termed ‘local rails’. This differentiates them from providers offering local account details for the EU (SEPA) only and currency accounts or ‘pots’ that transact only via SWIFT.

⁶ ACCOUNTING The provider offers accounting features either through their own platform or via integration with third-party software like Xero, QuickBooks or Sage. Please note that third-party integrations usually require a separate subscription fee.

How to Compare Business Bank Accounts

1

Understand Your Requirements

How you do business will affect the type of account you need. How many transactions will you have each month? Do you need to pay in cash? Do you need a local branch?

2

Check Eligibility

Most providers have a range of business accounts to suit different types of businesses. Check the eligibility of each account to make sure if suited to your business.

3

Compare The Latest Deals

There are numerous offers and deals to attract new customers which can be compared with our handy tool above. Always consider the cost of the account once the free period ends.