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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

Tide Business Bank Account

What is a Tide business bank account?

A Tide business bank account is a bank account that’s designed for freelancers, sole traders, limited companies and small or scaling businesses.

While business bank accounts are essential for limited companies in order to separate your personal finances from those of your business, they are invaluable for sole traders and freelancers as well in order to keep your income and spending organised.

What are the benefits of a Tide business account?

If you own a limited company, the main benefit of a business bank account is for tax purposes.

It’s essential to hold your company’s cash in a bank account in the name of your business and not your personal account.

This way you can take dividends and your salary from your business into your personal account separately.

Tide business bank accounts can link to your accounting software so that your tax reporting is quicker, easier and more efficient.

The less time you’re worrying about banking and tax reporting, the more time you can focus on growing your business.

Even if you are just a sole trader or freelancer and don’t own a limited company, business bank accounts are great products.

Keeping your business and personal spending is essential for monitoring the cash flow and growth of your business and keeping things organised.

In addition, you can automatically categorise spending so you know where your funds are going, helping you monitor and prioritise your business expenditure.

What do you get with a Tide business bank account?

In addition to the above, Tide current accounts have several attractive banking features for small businesses and sole traders that many high street banks don’t offer, including:

  • Expense Cards for employees
  • Bank transfers
  • ATM cash withdrawals
  • Standing orders and Direct Debits
  • Telephone helpdesk support
  • 24/7 business legal helpline
  • Mobile app banking
  • Cashback rewards
  • Transaction statement CSV exports
  • Automatic expenses receipts
  • Send automatic invoices

You can do pretty much everything with a business bank account that you can with a personal account and more.

Including setting up regular payments to commit to ongoing business costs and convenient mobile app banking that allows you to monitor your business finances on the move.

With the pace of modern business, banking apps are an essential feature to make sure you’re on top of your company’s financial health.

How do I get a Tide business account?

  • Registered Companies - you must be a director of the company to open an account, and it must be registered with UK Companies House.
  • Sole traders and freelancers - you just need to be UK based.
  • You can open a Tide business account online in a matter of minutes.

You’ll also need:

  • To be aged 18 or above
  • Have a UK phone number and address
  • Have a smartphone with access to a UK App or Google Play store

Do you have to pay for a Tide business account and how much do they cost?

Business bank accounts charge customers in two ways, and it’s usually a case of one or the other.

  • Transactions fees
  • A monthly or annual fixed fee

With a Tide business bank account, you can select what type of account is best for you.

Free Account

Their basic account is free of ongoing monthly charges, and you are instead only charged for the transactions including bank transfers in and out, ATM withdrawals and expense Tide cards for your colleagues.

You are also restricted to limited features with the free business account.

Plus Account

Tide’s Plus business bank account costs a monthly fee but gives you a limited number of free banking transactions per month. You also get access to additional features like phone support and their 24-hour legal helpline.

Cashback Account

Tide’s final business bank account comes at a higher monthly premium and includes more free transactions, a dedicated account manager, and 0.5% cashback on your Tide card spending.

If you’re doing a lot of business activity on your Tide bank account then this account might be best for you.

What are the restrictions of a Tide business bank account?

Tide business accounts focus on practical and affordable accounts for small business owners and limited companies, so there are some features they aren’t able to offer. Here is a list of some of the features they don’t currently offer:

  • Trading of cryptocurrencies
  • Money services (such as foreign exchange, loan providers, money transfers)
  • Casinos, prize draws and other betting or gambling activities
  • Travel agencies
  • Car wash services
  • Political parties
  • Charities
  • You can’t deposit cheques like with a post office account

Is a Tide business bank account safe?

Tide business bank accounts are protected by the Financial Services Compensation Scheme (FSCS) like most bank accounts are.

This means that if Tide goes into administration for legal or financial reasons, you are covered for up to £85,000 of your deposits in your accounts.

Tide accounts are classed as E-money accounts so your funds are held in electronic form. Your funds are held in a Safeguarding Account, meaning they are ring-fenced from the money Tide uses to run the company.

How much money can I have in a Tide account?

How much money you can deposit in a Tide current account depends on the type of account you apply for, but there are limits set for each account as to how much you can deposit.

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