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 £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 £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.
Get 2 Years Free Banking on Everyday Transactions
NatWest Start-Up Business Bank Account
AccountingBranch 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:

  • 2 Years Free Banking on Everyday Transactions
  • FreeAgent accountancy software is free for as long as you retain your bank account
To Consider:

  • Overdraft applications are subject to status. Security and product fees may apply.
  • Standard Tariff applies to transaction fees after 2 years.
Great For:

  • 2 Years Free Banking on Everyday Transactions
  • FreeAgent accountancy software is free for as long as you retain your bank account
To Consider:

  • Overdraft applications are subject to status. Security and product fees may apply.
  • Standard Tariff applies to transaction fees after 2 years.
Features:

  • Get 2 years free banking on everyday transactions
  • *Free Agent is Making Tax Digital Compatible
  • Branch & Online Access
Criteria:

  • For businesses trading for less than 1 year & turnover of less than £1m
  • Applicants must be 18+ and owner or director with no Bankruptcy, County Court Judgement or Court Decree.
 
SEE DEALExternal link icon
Eligibility criteria & terms apply. *FreeAgent is free for as long as you retain your account. Optional add-ons may be chargeable
Apply for an overdraft at the Application Stage
Zempler Bank Business Account
AccountingCash DepositsNo Hard Credit Check
FSCS Protectedcurrent account switch guarantee logo
  • Monthly Fee:
    Free
  • Bank Transfers:
    3 free per month
  • Overdraft:
    Yes
  • Account Access:
    App & Online
  • GO TO SITEExternal link icon
GO TO SITEExternal link icon
Great For:

  • There are no credit checks to open an account
  • Great bank account for Sole Traders & new Ltd Companies, as no monthly or annual fees on the account
To Consider:

  • 0.55% fee to pay in cash at the Post Office (£4 min fee)
  • FX transaction fee of 2.99% on non-sterling transactions
Great For:

  • There are no credit checks to open an account
  • Great bank account for Sole Traders & new Ltd Companies, as no monthly or annual fees on the account
To Consider:

  • 0.55% fee to pay in cash at the Post Office (£4 min fee)
  • FX transaction fee of 2.99% on non-sterling transactions
Features:

  • 24/7 app & online servicing and UK based customer service team
  • FSCS protection – up to £120,000
  • Deposit cash into any of the UK’s 11,500 Post Offices.
  • Invoicing tools that allow you to create and send invoices easily
Criteria:

  • Available to UK registered companies or UK-based sole traders
  • Application made by UK Director
  • UK Director 18+ years old
SEE DEALExternal link icon
Business expense and corporate financial management account
Wallester Business Expense Account
AccountingCash DepositsGlobal Currency AccountsNo Hard Credit Check
  • Monthly Fee:
    Free
  • Bank Transfers:
    No
  • Overdraft:
    No
  • Account Access:
    App & Online
  • GO TO SITEExternal link icon
GO TO SITEExternal link icon
Great For:

  • Streamlining company spending with virtual and physical cards, automation, and a real-time dashboard for complete expense control
  • Open accounts and issue cards quickly without visiting a bank
To Consider:

  • Wallester is not a business bank account, you don’t get traditional banking features like transfers, overdrafts or loans.
  • Wallester is a business expense and corporate financial management account
Great For:

  • Streamlining company spending with virtual and physical cards, automation, and a real-time dashboard for complete expense control
  • Open accounts and issue cards quickly without visiting a bank
To Consider:

  • Wallester is not a business bank account, you don’t get traditional banking features like transfers, overdrafts or loans.
  • Wallester is a business expense and corporate financial management account
Features:

  • Free package with 300 free virtual cards and an unlimited number of free physical cards
  • Free multifunctional dashboard for tracking and managing expenses
  • No top-up fee (in EUR), no transaction fees, no usage fee, no issuance fee, and no fee for adding extra users
  • Ten currencies, including GBP, EUR, USD and other European currencies (SEK, NOK, CZK, HUF, RON, PLN, DKK)
  • App included and API for integrations with any CRM accounting software
Criteria:

  • You must be at least 18 years old
  • Be a sole trader, partner in a partnership, or company
  • Must have an eligible business bank account
SEE DEALExternal link icon
Free package of 300 virtual cards with zero fees or limitations
Get £400 when you open or switch to a Barclays Business Account***
Barclays Start-up Business Bank Account
Branch AccessCash Deposits
FSCS Protectedcurrent account switch guarantee logo
  • Monthly Fee:
    Free for 12 months, then £8.50
  • Bank Transfers:
    Some charges apply
  • Overdraft:
    Yes
  • Account Access:
    App, Online & Branch
  • GO TO SITEExternal link icon
GO TO SITEExternal link icon
Great For:

  • No monthly account fee for your first 12 months*
  • Access to discounted services via key partners to help you set up and run your business effectively, worth over £5,000**
To Consider:

  • After 12 months, the monthly account fee is £8.50 per month.
  • **Terms and conditions apply to each partner service, see the partners’ websites for details.
Great For:

  • No monthly account fee for your first 12 months*
  • Access to discounted services via key partners to help you set up and run your business effectively, worth over £5,000**
To Consider:

  • After 12 months, the monthly account fee is £8.50 per month.
  • **Terms and conditions apply to each partner service, see the partners’ websites for details.
Features:

  • *Free digital banking and no monthly account fee for the first 12 months. You won’t have to pay a monthly account fee for 12 months if you don’t already have a Barclays Business Account with us. After 12 months, you’ll pay £8.50 per month.
  • Free digital banking refers to simple electronic payments as defined in your business account tariff. Fees and charges will apply in line with the business account tariff, which could change.
Criteria:

  • To open a new business account with Barclays, you’ll need to have a right to live in the UK permanently and provide 12 months’ UK address history. Subject to terms, conditions and eligibility. 18+.
  • Overdrafts are subject to application, financial circumstances and borrowing history.
SEE DEALExternal link icon
***Set up two Direct Debits and spend a minimum of £200 on your debit card for three consecutive months within four months of opening your account. New business customers only. Apply or start your switch by 30 April 2026. UK businesses and 18+ only. T&Cs apply.
Get up to £200 when you open a business bank account and a savings account*
The Co-operative Bank Business Bank Account
AccountingBranch 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:

  • Ideal for start ups and growing businesses who bank digitally
  • No charges for all automated credits, cash withdrawals and debit card purchases
To Consider:

  • Charges apply for cash and cheque transactions
  • Overdrafts are subject to status, application and The Co-operative Bank’s lending policy. Interest will be charged, and security fees may apply.
Great For:

  • Ideal for start ups and growing businesses who bank digitally
  • No charges for all automated credits, cash withdrawals and debit card purchases
To Consider:

  • Charges apply for cash and cheque transactions
  • Overdrafts are subject to status, application and The Co-operative Bank’s lending policy. Interest will be charged, and security fees may apply.
Features:

  • Free everyday digital business banking. No monthly fee. No charges for all automated credits, cash withdrawals and debit card purchases
  • Integrate your accountancy software like Xero, Sage or Quickbooks within your online banking
  • Online and in-person banking including mobile, instant secure messaging, UK based contact centre, and in branch. Rated ‘Excellent’ based on over 15,000 reviews on Trustpilot
  • Most receive their account details within five days
  • Co-operative Bank business customers get free, unlimited access to the Go Get Paid app – the fast, simple, secure way to get paid. Plus access selected Clover payment terminals for £1 a month for the first 12 months (fees apply)
  • Join the original ethical bank with a customer-led Ethical Policy, which gives customers a say in how their money is used
Criteria:

  • Must be a UK resident with a business address in the UK
  • Must be 18 or over
  • You or your organisation must be one of the following: a Sole Trader, Partnership, Limited Liability Partnership or Limited Company
  • Available up to 10 key individuals
SEE DEALExternal link icon
*Offer applies to new Co-operative Bank customers. Min. balance and transactional criteria applies for the first 3 months. Subject to status, eligibility and T&Cs apply. You can deposit cash in branch and in the Post Office for £1.50 per cheque or £1.50 per £100 of cash deposited. Overdrafts are subject to status, application and The Co-operative Bank’s lending policy. Interest will be charged, and security fees may apply. Application subject to status (including credit checks and an assessment of your financial circumstances), eligibility and T&Cs. Mobile banking is subject to eligibility.
Get 2 Years Free Banking on Everyday Transactions
Royal Bank of Scotland Start-Up Business Bank Account
AccountingBranch 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:

  • 2 Years Free Banking on Everyday Transactions
  • FreeAgent accountancy software is free for as long as you retain your bank account
To Consider:

  • Overdraft applications are subject to status. Security and product fees may apply.
  • Standard Tariff applies to transaction fees after 2 years.
Great For:

  • 2 Years Free Banking on Everyday Transactions
  • FreeAgent accountancy software is free for as long as you retain your bank account
To Consider:

  • Overdraft applications are subject to status. Security and product fees may apply.
  • Standard Tariff applies to transaction fees after 2 years.
Features:

  • Get 2 years free banking on everyday transactions
  • *Free Agent is Making Tax Digital Compatible
  • Branch & Online Access
Criteria:

  • For businesses trading for less than 1 year & turnover of less than £1m
  • Applicants must be 18+ and owner or director with no Bankruptcy, County Court Judgement or Court Decree.
  • The switcher service offer is not available to existing NatWest or Ulster Bank customers.
SEE DEALExternal link icon
Eligibility criteria & terms apply. *FreeAgent is free for as long as you retain your account. Optional add-ons may be chargeable
Get your first month of Pro or Team completely free*
Monzo Business Lite
AccountingCash DepositsFast Opening
FSCS Protectedcurrent account switch guarantee logo
  • Monthly Fee:
    Free
  • Bank Transfers:
    Free
  • Overdraft:
    Yes
  • Account Access:
    App & Online
  • GO TO SITEExternal link icon
GO TO SITEExternal link icon
Great For:

  • For sole traders and small businesses wanting a free, simple digital current account
  • Get instant notifications for all account activity to stay in control of your cash flow
To Consider:

  • Online account management only, no phone or branch access.
  • Not currently available for charities or partnerships.
Great For:

  • For sole traders and small businesses wanting a free, simple digital current account
  • Get instant notifications for all account activity to stay in control of your cash flow
To Consider:

  • Online account management only, no phone or branch access.
  • Not currently available for charities or partnerships.
Features:

  • Free, instant UK bank transfers
  • 24/7 customer support
  • Mobile and web access
  • The Monzo banking essentials
Criteria:

  • Only sole traders or limited company directors in the UK can apply.
SEE DEALExternal link icon
*Your first month of Pro or Team is free, after that Pro is £9/month and Team starts from £25/month. Only sole traders or limited company directors in the UK can apply. Ts&Cs apply.
Wide Range of Expense Managements Tools
Anna Money Pay As You Go
AccountingCash DepositsFast OpeningNo Hard Credit Check
FSCS Protectedcurrent account switch guarantee logo
  • Monthly Fee:
    Free
  • Bank Transfers:
    From 20p
  • Overdraft:
    No
  • Account Access:
    App Only
  • GO TO SITEExternal link icon
GO TO SITEExternal link icon
Great For:

  • Obtain a UK business account and sort code in 3 mins with ID
  • One free debit card included (£3 per extra card)
To Consider:

  • No joint account access
  • An e-money product with no branch access
Great For:

  • Obtain a UK business account and sort code in 3 mins with ID
  • One free debit card included (£3 per extra card)
To Consider:

  • No joint account access
  • An e-money product with no branch access
Features:

  • 1 debit card included (£3 per extra card) – 1% cashback on selected categories
  • Personal payment link for accepting payments online (1% commission)
  • Instant invoice generator and savings pots facility (fees apply)
  • Landlords / property investors get a free 12 month subscription to the National Residential Landlords Association (NRLA)
  • FastTrack to Credit – Boost your credit score and get access to credit after 3 months activity
Criteria:

  • Must be a Sole Trader, Director of a Limited Company (and listed on Companies House), or a Partner in a Limited Liability Partnership
  • Business must be located within the UK and you also need to have a UK residential address
  • Not available to charities
SEE DEALExternal link icon
ANNA Business comes with invoice generator tools, HMRC recognised Tax calculator and filing. Automate your bookkeeping with ANNA.
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.