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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Exclusive £100 Amazon.co.uk Gift Card*
HSBC UK Small Business Banking Account – £100 Amazon.co.uk Gift Card*
AccountingBranch AccessCash DepositsGlobal Currency Accounts
FSCS Protectedcurrent account switch guarantee logo
  • Monthly Fee:
    £0
  • Bank Transfers:
    Free**
  • Overdraft:
    Yes***
  • Account Access:
    App, Online, Branch & Post Office
  • SEE OFFERExternal link icon
SEE OFFERExternal link icon
Great For:

  • No monthly account fee and free UK digital banking**
  • Comprehensive features: A full range of business banking services.
To Consider:

  • Available to Small Business Banking customers who are typically small enterprises with borrowing*** needs of up to £100k and whose everyday banking needs don’t need the support of a Relationship Manager.
Great For:

  • No monthly account fee and free UK digital banking**
  • Comprehensive features: A full range of business banking services.
To Consider:

  • Available to Small Business Banking customers who are typically small enterprises with borrowing*** needs of up to £100k and whose everyday banking needs don’t need the support of a Relationship Manager.
Features:

  • No monthly account fee and free UK digital banking**
  • A full list of prices and charges applicable can be found in HSBC UK’s Business Price List at business.hsbc.uk/legal
Criteria:

  • Sole traders, limited companies, partnerships, limited liability partnerships and non-charitable clubs/associations/societies can all apply
  • Must be a tax resident in the UK but not the Channel Islands or the Isle of Man
  • ***Borrowing is subject to application, eligibility, affordability and credit check. T&Cs, fees, charges and rates apply. For loans, you don’t need to open or maintain an HSBC Business Current Account unless a debenture or fixed charge over book and other debts is required.
SEE DEALExternal 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.
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.
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.