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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. British Bank Awards Best British Banking Provider Winner 2018, 2019 and 2020. 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

Tide
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

Cashplus
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

Cardonebanking
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

Anna
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

Currensea
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.

  1. Download the app to apply
  2. Verify your account by entering the verification code texted to you
  3. Enter your basic information
  4. 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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Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

We've been comparing savings and current accounts for many years so you can trust you're in good hands.