Compare Business Current Accounts
Business Current Account
Why we like it: 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
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
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
Why we like it: Sign up in minutes, full access within hours. Free payments - nothing to pay on local transfers. Competitive rates on currency conversions meaning the best savings on international transfers. Get a full overview of your payments with categorised Smart Transactions to maintain oversight on your cash flow. Unlimited transactions, fast bank transfers and Direct Debits. Add cash to your account at over 40,000 locations across the UK. Comes with an exclusively designed UK Monese Mastercard. State-of-the-art security solutions
Why we like it: Multi-currency bank account: hold, receive and exchange 29 currencies without any bank charges. Transfer money to any other Revolut account (business or personal) instantly and for free. Prepaid Corporate Cards: easily issue and track employee expenses on your dashboard when you issue cards to your team. Flexible permissions: manage permissions for unlimited users. Revolut Connect allows you to connect and integrate with popular software like XERO, Slack, Zapier and more. Open API: build custom integrations that meet your business need. Priority support: dedicated team, open 24/7
Why we like it: Free banking for 18 months when you start your business with HSBC UK. Best Tariff Promise ensures you’ll always be on HSBC UK’s best standard tariff for your business. Predictable pricing, giving you 12 months at a fixed price after your free banking period ends. Access finance and borrowing to help fund an expansion or improve your cash flow (subject to status). Free 12 months British Cycling Fan Membership available to HSBC UK business current account customers. T&Cs apply. Overdraft available, subject to status. Applicable for businesses with up to £2m turnover. After free banking period ends, fixed price of £6.50 a month for 12 months
Why we like it: Free banking for 12 months when you switch your business to HSBC UK. Best Tariff Promise ensures you’ll always be on HSBC UK’s best standard tariff for your business. Predictable pricing, giving you 12 months at a fixed price after your free banking period ends. Access finance and borrowing to help fund an expansion or improve your cash flow (subject to status). Free 12 months British Cycling Fan Membership available to HSBC UK business current account customers. T&Cs apply. Overdraft available, subject to status. Applicable for businesses with up to £2m turnover. After free banking period ends, fixed price of £6.50 a month for 12 months
Why we like it: A CardOneBanking current account is perfect if you want to stay in control; Online, text and phone account access.UK call centre.Free text alerts each time money is paid in. Free text alerts if bills cannot be paid.
Compare business current accounts
When opening a business bank account, many people simply go with whoever they do their personal banking with. This can be a mistake, however, as interest rates and other features on business accounts vary significantly from provider to provider, meaning it is definitely worth shopping around to find the best deal for you.
Types of business bank accounts
There are various different kinds of business current accounts that could be relevant to your company. Which type of bank account you need will depend on the kind of business you have and some companies will need more than one kind of current account to facilitate different aspects of their business.
Standard business current account
Most businesses will be able to set up a standard business current account. This should give you basic features such as a paying in book, cheque book and online banking. You will normally earn interest on any credit balance in your account and may be able to have an overdraft facility if required. Most banks will provide extra support and guidance on request to business customers.
Start-up business current account
If you are starting a new enterprise, you may qualify for a specialist start-up bank account. This will often give you free business banking for an introductory period, plus standard features such as a cheque book, paying in book, Visa debit card and online banking.
Client current account
If you are a professional practice that needs to hold money on behalf of clients, it is sensible to have a client current account. This allows you to keep customers’ money separate from your own. Many banks will offer client current accounts for free to existing business customers, although you may be charged for non-standard transactions.
Corporate and commercial banking accounts
Medium and large business who need more comprehensive or international banking services will likely want to consider a corporate or commercial bank account. This kind of account is likely to come with a much higher level of support including a personal account manager.
What to look for in a business bank account
There are various features that different banks and building societies will offer with their business current accounts. Some of the key things to look out for are:
- Interest rates on credit balances and overdrafts
- Monthly or quarterly account fees (often known as “standing charges”)
- Transaction fees
- Free introductory periods (often around 12-18 months)
- Extra financial tools
- Online and phone banking
- What sort of support is offered with the account
Find the best business current account for you
Getting the best interest rates and other features with your business bank account can save you money and make your life easier. However, with so many different brands and financial products to choose from, finding the best deal on a business current account that offers everything you need can be tricky.
Our business current account comparison tool, found at the top of the page, allows you to quickly and easily compare some of the best value accounts from leading lenders across the market. That way you can find the best business current account for you with minimal hassle.