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This comparison simply includes all savings accounts.

Business Current Account Tide
Monthly Fee £0
Account Type Mobile Business Bank Account
Features Access to Instant Saver Account paying 4.33% AER

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

Business Current Account Monese
Monthly Fee £9.95
Account Type Business Bank Account
Features Send or receive money from over 30 countries Supported in 14 language

Why we like it: Sign up in minutes. Transfer money abroad - send or receive from over 30 countries. Contactless Mastercard debit card, withdraw globally from any ATM for free. Make payments via the UK Faster Payments network for free. Spend, receive and send money fast in the local currency with no extra markup fees. Use your app in one of 14 languages. Easily add funds to your business account with cash. from ore than 40,000 PayPoint or Post Office locations across the UKCreate invoices right in your app to easily send to clients. Keep your personal and company finances separate. Effortlessly manage and track your spending for both accounts in a single app. Breakthrough technology and state-of-the-art security features like 3D secure, biometric login and backend encryption, you can have peace of mind that your money, personal data and account are safe

Business Current Account MultiPass
Monthly Fee £23
Account Type Business Bank Account
Features Enjoy intentionally simple business banking with MultiPass

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

Business Current Account Revolut
Monthly Fee £0
Account Type Business Bank Account
Features 1% cashback For freelancers, sole traders, contractors, and self-employed

Why we like it: Create account in just 2 minutes. Simple and convenient tools made for freelancers, contractors, sole-traders, and more. Get rewarded with 1% cashback on all Pro debit card purchases, whether you’re buying supplies, booking travel or keeping yourself fed and watered while working away. Revolut app for free - from ingoings and outgoings to expenses and invoices, keep your freelance bank account a tap away from your everyday current account. Get paid in seconds, wherever you are - accept quick payments via QR codes, payment links, customisable invoices and a card reader. Use invoice templates to create, track, and send invoices in seconds so you’re always paid on time. Exchange money instantly in 30+ currencies Monthly fee ranges from zero with standard package to £12.99 to include many more benefits. No joining fees

Business Go Current Account Cashplus
Monthly Fee £0
Account Type Business Bank Account
Features Sign up in minutes for Business Bank Account with no monthly or annual fee

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

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 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

Card One Money
Business Current Account Card One Money
Monthly Fee £12.5
Account Type Business Bank Account
Features No Credit Checks Card One just need to verify your identity & residency

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

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

Starling Business Bank Accounts

What is a Starling business bank account?

A Starling business account is a bank account for sole traders, freelancers, limited companies and other registered businesses.

It's a bank account designed to make business banking easier. From spending categorisation and analysis, to automatic invoicing, to linked accounting software, there are several invaluable features of business bank accounts.

If you’re a sole trader, you’ll want to keep your business and personal spending separate, as well as having a clear audit trail of your income for your annual tax return.

If you own a limited company, managing your business’s income and expenditure is essential for tax purposes, and you’ll want to do it in the most convenient, cost-efficient way possible.

The less time you spend on your company’s finances, the more time you can invest in developing your business.

What are the benefits of a Starling business current account?

Convenient, intuitive, on-the-go banking is essential in the modern world of business. Things move fast in today’s business world, and tools like automatic invoicing, receipt saving for expenses and accounting software integration make your business finances efficient.

Here are some of the key features of Starling business accounts that speed up your company banking:

  • QuickBooks, FreeAgent and Xero integration
  • Automated business spending categorisation
  • Receipt saving
  • Mobile app and online banking
  • Apple Pay, Google Pay and Samsung Pay
  • Managed Direct Debits and Standing Orders
  • Deposit cash at the Post Office
  • Deposit cheques via the Starling Bank app or Freepost service

Can I trust Starling bank?

Starling Bank is a fully licensed and regulated bank. It’s also covered by the Financial Services Compensation Scheme (FSCS), which means you’re protected for up to £85,000 of your deposits in the event that Starling Bank goes into administration.

Starling business accounts also offer a number of security features to protect your company’s finances. Here are some of the key ones that keep your money safe:

  • 24/7 customer support
  • In-app card freezing
  • FSCS Protection for £85,000
  • In-app payment notifications alerting you to unrecognised activity

Is a Starling Bank business account good for overseas banking?

Starling Bank also excels in its services for overseas company banking. Here are some of the highlights of their international banking features:

  • No fee for card payments abroad
  • No fee for ATM withdrawals abroad
  • International bank transfers to over 30 countries worldwide
  • Hold and exchange Euros and Dollars if required

What are the charges on a Starling business account?

Starling business current accounts are flexible in how much they cost. The charging structure is designed so that you only pay for what you need where possible.

Starling Business Free Account

Startling offer a free business bank account that includes the majority of their banking features. There are no monthly fees for this account, although you’ll be charged for certain transactions you complete in your account.

If you aren’t doing a huge amount of banking activity in your account, then the free account is a great option because you’ll only pay for what you use.

Business Account Add-ons

To get more out of your free Starling business account, you can buy a number of add-ons to suit your business banking needs.

Their Business Toolkit costs £7 per month and provides features such as:

  • Ability to quickly generate and send invoices
  • Tax calculation functions including tax reports
  • Efficiently recording and submitting your VAT figures

Starling’s Euro business account is £2 per month and adds international banking features, including:

  • The ability to Exchange and hold euros
  • The option to set up local account details meaning you can make and receive local payments for free
  • Free overseas spending on your card

Starling also offers a US dollar business account add-on, which provides:

  • The ability to send and receive US dollars
  • The option to set up local US account details for free payments
  • A bank card conveniently combined with your regular business card so you don’t need two

What is needed to open a Starling business account?

To be eligible for a Starling business account as a Limited Company, you need:

  • To be a Limited Company or LLP registered at Companies House.
  • All Persons of Significant Control (PSCs) must be UK residents.
  • Proof of your trading activities.
  • To pass the standard Anti-Money Laundering and Know Your Customer fraud and credit checks.
  • A smartphone.
  • Valid photo ID like a passport or UK driving licence.
  • A bank statement showing your business activity is useful.

To apply for an account as a sole trader or freelancer, all you’ll need is the Starling Bank mobile app and your photo ID. Along with entering some personal details and other information, this is all you need to create your free business account in minutes.

  • Download the app to apply
  • Verify your account by entering the verification code texted to you
  • Enter your basic information
  • Record a selfie video and take a picture of your ID to prove your identity

How long does Starling bank take to approve a business account?

A Starling Bank business account application takes about 10 minutes. It can take longer for your account to be approved, especially if you have a complicated business structure, but the process is intuitive and easy.

You can also speak to the customer service team at any stage for help.

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