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This comparison simply includes all savings accounts.

Allica Bank
Business Rewards Account Allica Bank
Monthly Fee £0
Account Type Business Current Account
Features Up to 1.5% cashback and access to a 4.08% AER (variable) integrated Savings Pot

Why we like it: Earn 1% cashback on your card spend and unlock 1.5% cashback. Access to a 4.08% AER (variable) integrated Savings Pot. Get a dedicated relationship manager that will be with you every step of the way. Sync seamlessly with your Sage or Xero accounting software. FSCS Protected for eligible deposits up to £85,000. For businesses registered 1 year and over only. Keeping less than £50,000 in the account may earn a reduced rate of interest and may incur fees. T&Cs apply

Revolut
Business Account Revolut
Monthly Fee £0
Account Type Business Account
Features The all-in-one business account: Scale and save with global payments and smarter spending

Why we like it: Multi-currency bank account. Hold 25+ currencies. Save money on payments, and exchange at great prices. Save money on currency exchange by locking in rates with forward contracts. Or set alerts for your ideal exchange rates. 100+ countries supported for payments. Take a range of in-person and online payment methods, fast, with tools like Revolut Pay, Revolut Reader, Payment Links and more. Physical and virtual debit cards available. Stay in control with spending limits, analytics, and expenses. Sync your software - set approvals and controls and reconcile rapidly. Account pricing ranges from zero a month for basic plan to £79 a month for full package. Custom plans also available, tailored for larger businesses. 4.9/5 for customer satisfaction. 2024 winner of Finder's Business Banking Customer Satisfaction award

Tide
Business Account Tide
Monthly Fee £0
Account Type Business 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

Zempler Bank
Business Go Current Account Zempler Bank
Monthly Fee £0
Account Type Business 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

Wallester
Business Card Wallester
Monthly Fee £0
Account Type Business Card
Features Physical and virtual corporate cards for efficient financial management

Why we like it: Wallester Business smart cards — Instant issuance, flexible settings, payments monitoring, limit set-up — a set of functions for efficient budget control of your company. Pay with the cards wherever you are, accepted in all countries using the VISA payment system. Make payments in EUR with no commission or other convenient currency — the conversion is automatic and made with the most beneficial exchange rate. Issue virtual cards in seconds and manage them in the mobile app. Create an unlimited number of physical cards with delivery to any part of the world. Set personal spending limits on cards. Connect the cards to contactless payment systems (Apple Pay, Google Pay, and others. Wallester Business lifetime access free. No hidden fees, no account or minimum balance fees, unlimited number of users, up to 300 virtual cards included. Onboarding assistance and real-time support

Airwallex
Business Account Airwallex
Monthly Fee £0
Account Type Business Account
Features International Payments and Finance Operations

Why we like it: Open a global multi-currency account for international business payments in minutes. Create employee and company VISA cards and stay in control of all purchases from a single dashboard, in real-time. Streamline sending payments to suppliers and employees around the world, and access market-leading international FX rates no matter the transaction size: 60+ countries where you can open local currency accounts, 180+ countries from which you can accept payments, 150+ countries to which you can make transfers at interbank rates. 85% transfers arrive within the same day Automate your online bill pay processes in one place. Accept payments from customers around the world via their preferred payment methods – no coding required. End-to-end expense management system. Reconcile your corporate card expenses and reimbursements in one place, gain real-time visibility and control over employee spending, globally. Integrations with other popular platforms like Xero, Amazon, and Shopify. Award winning customer support. Start saving on everyday business expenses. Get rewarded with 10% cashback on your first $1,000 USD equivalent in eligible international card spend. See promotional terms & conditions for more information

OuiTrust
Business Account OuiTrust
Monthly Fee £0
Account Type Business 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

Anna
Business Account Anna
Monthly Fee £0
Account Type Business 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 Card Currensea
Monthly Fee £0
Account Type Business Card
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

Card One Money
Business Account Card One Money
Monthly Fee £12.5
Account Type Business 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

Ampere
Business Account Ampere
Monthly Fee £20
Account Type Business Account
Features Ampere offer the lowest exchange rates and lightning-fast transactions for secure payments

Why we like it: For companies of all shapes and sizes - available to start-ups, small and medium enterprises, newly registered businesses, companies with local or foreign directors and more. Quick and easy foreign transactions and FX payments. Local transfer in GBP & EUR - £0.00. Incoming international transfer in GBP/EUR (SWIFT) - £25.00. Currency exchange (EUR/GBP, GBP/EUR) - 0.35% from the exchange amount. Access all business account features from your phone, PC or tablet anytime and anywhere. Merchant account - receive settlements twice a week and enjoy reduced costs, starting from 0.65%. Corporate & private debit card - with no monthly fees, pay in local currencies with flexible repayments. Business loans - apply for up to double monthly turnover after just three months of operating. You can open an account with Ampere if you are at least 18 years old, a UK and EU-based director with a UK registered enterprise (LTD, LLP, LP). Also you have to be a UK or EU resident. £35 Business Account setup fee £20 Business Account maintenance per month. Eligible deposits are covered up to £85,000 by the Financial Services Compensation Scheme

MultiPass
Business Account MultiPass
Monthly Fee £23
Account Type Business 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

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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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.