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This comparison simply includes all savings accounts.

Starling Bank
Business Current Account Starling Bank
Monthly Fee £0
Account Type Business Bank Account
Features Very Fast Setup

Why we like it: Send fast and transparently priced money transfers to over 35 countries worldwide, cheaper than most high-street banks. Free contactless Mastercard. No fees for spending and withdrawing money abroad, and you’ll get Mastercard’s real exchange rate. Automated accounting: Link your account with QuickBooks, Xero and FreeAgent. Real-time notifications: Receive a notification whenever money enters or leaves your account. Enjoy your award-winning business bank account without having to pay any monthly fees. 24/7 UK support. Voted best British Bank and Best Current Account 2018 - 2021 at the British Bank Awards. FSCS protection: Eligible deposits are covered up to £85,000 by the Financial Services Compensation Scheme. Add the Business Toolkit to your free account and automate bookkeeping alongside your banking to save precious time on financial admin – Get the first month free (£7 per month after that)

Go Solo
Business Current Account Go Solo
Monthly Fee £0
Account Type Business Bank Account
Features Open a business, not just a bank account

Why we like it: Free Master Card™ Business Debit Card. Register online in minutes. Securely manage your card and account. Statements and all transactions in one place with agile search. Invoice & payments hub: Issue, send and track invoices in a few clicks. Instant GBP payments via Faster Payments Network. Strong customer authentication protocols (SCA) ensure the security Option to open a new Limited company registered with Companies House free of charge. Full transaction history, card status, PIN and limits management through the app. All funds are held in a safeguarded account. Monthly fee: Free to start, up to £5 for more advanced options

Business Current Account Tide
Monthly Fee £0
Account Type Mobile Business Bank Account
Features Get £50 & 12 Months FREE Transfers (T&Cs)

Why we like it: Get £50 and a year of free transfers on us when you open a business account with us! T&Cs apply. Just use the code: FAIRINVESTMENT. 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

Business Current Account OuiTrust
Monthly Fee £0
Account Type Mobile Business Bank 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

Business Current Account Cashplus
Monthly Fee £0
Account Type Business Bank Account
Features No Credit Checks

Why we like it: Instant online approval 100% guaranteed. No credit check to open an account. Perfect for any type and size of business. Mobile app - Manage your account, from the palm of your hand, 24/7. Free to receive bank transfers. No monthly account management fees. No UK purchase transaction fees. Any size of UK business or organisation can apply for our account – even if you don’t have a credit or trading history. Integrated with most accounting software. Business Expense Cards - Add up to 20 additional cards to your business account to provide to your employees, for simpler expense management. £69 annual fee. Maximum balance £15,000. Daily ATM withdrawal limit £500. Apply in just 4 minutes

Business Current Account CardOneBanking
Monthly Fee £12.5
Account Type Business Bank Account
Features No Credit Checks

Why we like it: Account designed specifically for small businesses. No credit checks to open account. Pre paid Mastercard. Mobile app available - check your balance, view statements & pay bills. Earn cash rewards of up to 3.5% when you shop using your card at more than 35 major high street retailers including ASDA, Argos, Boots, Marks & Spencer, B&Q, Wilkinson. Online application online in less than 10 minutes. Most accounts opened within 3 hours. 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

Business Current Account Anna
Monthly Fee £0
Account Type Mobile Business Bank 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

Business Current Account Currensea
Monthly Fee £0
Account Type Mobile Business Bank Account
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

Cashplus Business Bank Accounts

Who are Cashplus?

Cashplus are a fully regulated British bank. They are authorised by the FCA and covered by the FSCS, just like major high-street banks.

They offer a range of personal and business services including bank accounts and credit cards.

What is a Cashplus Business Bank Account?

A Cashplus business bank account is a modern bank account designed for small businesses, sole traders and limited companies.

Business bank accounts are essential for limited companies as you are legally required to hold your company money in an account in your business’s name.

For freelancers, contractors and sole traders, business bank accounts are an efficient way of organising your finances, separating them from your personal finances, and streamlining your income and expenditure tax reporting.

Who are Cashplus Business Bank Accounts for?

  • Sole traders
  • Limited companies
  • Contractors
  • Freelancers

What are the benefits of a Cashplus Business Bank Account?

Cashplus business bank accounts have several features that make your company banking:

  • Simplified
  • Streamlined
  • Cost-effective
  • Convenient and hassle-free

Here’s a list of our favourite features of their business bank accounts:

  • Cashplus banking app
  • Online Banking
  • Free business debit card
  • Bank transfers in and out
  • Set up direct debits and standing orders to manage ongoing payments
  • Cash deposits at UK Post Offices
  • ATM withdrawals in the UK and overseas
  • Save digital receipts in the app
  • Integration with accounting software like Xero, QuickBooks and FreeAgent
  • Categorised and analysed business spending
  • Export your statements as CVS or PDF files
  • UK based customer service team

All these features make your banking easier and more efficient, which leaves more time for you to focus on the things that matter to your business.

Are Cashplus Business Accounts free?

The Cashplus business account comes at an annual charge of £69 per year.

There are also other charges you’ll incur from using your account, but you won’t pay for these if you don’t use them:

  • £0.99 for electronic payments and transfers after your first 3 free per month
  • £5.95 per additional card
  • 0.3% charge on your cash deposits at the Post Office
  • £2 for UK ATM withdrawals
  • £3 for overseas ATM withdrawals

Are Cashplus business accounts safe?

Cashplus is authorised and regulated by the FCA which means they must behave in line with their rules to protect customers.

As Cashplus is a fully regulated bank, they are also covered by the Financial Services Compensations Scheme (FCSC).

The FSCS covers you for up to £85,000 of your deposit in the event that Cashplus goes into administration.

What do I need to apply for a Cashplus Business Account?

If you’re a sole trader and not a limited company, then you can open an account online in minutes.

You’ll just need to provide some basic information about yourself and your business and have two documents that prove your ID and address. This could be your passport and driving license, for example.

You can submit copies of these digitally, so there’s no need to complete postal application forms.

For limited companies, Cashplus need to verify that your business is based in the UK.

Limited companies are also required to confirm the address and date of birth of any Persons of Significant Control, so make sure to get these ready to speed up your application process.

How do I apply for a Cashplus Business Account?

The easiest way to apply for a Cashplus business account is online. You can open your account in minutes without a credit check and can speak to the UK customer service team if you get stuck or have questions.

Which bank is Cashplus?

Cashplus is a bank in its own right, although it is a trading name of Advanced Payment Solutions Ltd.

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