An alternative banking solution, offering banking services to people who find it hard to open a regular bank account because of their low credit score. Open an account in 10 minutes without a credit check or proof of address. Get your contactless Mastercard® debit card in 3-5 working days. Choose from three account options: ‘Essential’, ‘Premium’ and ‘Premium Plus'. You can manage your account on the go using the online banking app. Make transfer payments from your e-money account whenever, wherever. You can also set up and manage your Direct Debits and Standing Orders. Get access to exclusive partner deals. Shop and earn with your Suits Me card in-store, online or over the phone you can earn cashback rewards, with no limit. Access to a dedicated Customer Account Manager so you have someone who understands your account and your needs. Your money is protected up to £85,000 by the FSCS. Monthly account fee ranges from free to £9.97 depending on account chosen. Refer your friends to apply and use their Suits Me card, and earn £50 per friend. No limit on the number of friends you refer
Details
Minimum Age
18
UK Resident
Yes
Business Account
FeaturesInternational Payments and Finance Operations
Monthly Fee£0
Account TypeBusiness Account
Business AccountAirwallex
Monthly Fee£0
Account TypeBusiness Account
FeaturesInternational Payments and Finance Operations
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
Details
Minimum Age
18
UK Resident
Yes
Business Rewards Account
FeaturesGet up to 4.08% AER (variable)* on Integrated Savings Pot & up to 1.5% cashback on card spend
Monthly Fee£0
Account TypeBusiness Current Account
Business Rewards AccountAllica Bank
Monthly Fee£0
Account TypeBusiness Current Account
FeaturesGet up to 4.08% AER (variable)* on Integrated Savings Pot & up to 1.5% cashback on card spend
Earn up to 4.08% AER (variable)* on your company’s spare cash and up to 1.5% cashback on card spend. No monthly fees (if the average balance is less than £10K then £25 monthly fees may incur). Eligible customers are covered by the FSCS for £120,000. Your business must be based in the UK and have been incorporated for at least 12 months and you must have £50,000 minimum balance OR have a loan product with Allica. Businesses keeping less than £50,000 in their account will earn a reduced rate of interest and may incur fees
Details
Minimum Age
18
UK Resident
Yes
Business Account
FeaturesThe all-in-one business account: Scale and save with global payments and smarter spending
Monthly Fee£0
Account TypeBusiness Account
Business AccountRevolut
Monthly Fee£0
Account TypeBusiness Account
FeaturesThe all-in-one business account: Scale and save with global payments and smarter spending
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
Details
Minimum Age
18
UK Resident
Yes
Business Account
FeaturesAccess to Instant Saver Account paying 4.33% AER
Monthly Fee£0
Account TypeBusiness Account
Business AccountTide
Monthly Fee£0
Account TypeBusiness Account
FeaturesAccess to Instant Saver Account paying 4.33% AER
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
Details
Minimum Age
18
UK Resident
Yes
Business Card
FeaturesPhysical and virtual corporate cards for efficient financial management
Monthly Fee£0
Account TypeBusiness Card
Business CardWallester
Monthly Fee£0
Account TypeBusiness Card
FeaturesPhysical and virtual corporate cards for efficient financial management
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
Details
Minimum Age
18
UK Resident
Yes
95 Day Business Tracker Notice Account
Interest AER3.87%
Min deposit£5000
Term95 Day Notice
95 Day Business Tracker Notice AccountHampshire Trust Bank
Winner of Platinum Feefo Trusted Service Award in 2024
Why we like it
Interest rate tracks at a fixed margin above Bank of England Base Rate. Available for: Sole traders – trading in the UK, Limited companies/PLCs/LLPs – incorporated in the UK, Partnerships, Charities – registered in the UK, Clubs and associations, Small local authorities/PCCs/councils, Schools, Religious organisations, Small financial institutions, Credit unions, Trusts. Unlimited withdrawals permitted subject to 95 days notice. FSCS Protected
Winner of Platinum Feefo Trusted Service Award in 2024
Why we like it
Available for: Sole traders – trading in the UK, Limited companies/PLCs/LLPs – incorporated in the UK, Partnerships, Charities – registered in the UK, Clubs and associations, Small local authorities/PCCs/councils, Schools, Religious organisations, Small financial institutions, Credit unions, Trusts. Unlimited withdrawals permitted. FSCS Protected
You must open a Tide Business Account to open a Tide Instant Saver Account. No limits or fees on withdrawals. Eligible deposits with ClearBank are protected up to a total of £85,000 by the FSCS
Details
Minimum Age
18
UK Resident
Yes
1 Year Business Fixed Rate Bond
Interest AER4.00%
Min deposit£5000
Term1 Year
1 Year Business Fixed Rate BondHampshire Trust Bank
Winner of Platinum Feefo Trusted Service Award in 2024
Why we like it
Available for: Sole traders – trading in the UK, Limited companies/PLCs/LLPs – incorporated in the UK, Partnerships, Charities – registered in the UK, Clubs and associations, Small local authorities/PCCs/councils, Schools, Religious organisations, Small financial institutions, Credit unions, Trusts. No withdrawals permitted. FSCS Protected
Details
Minimum Age
18
UK Resident
Yes
2 Year Business Fixed Rate Bond
Interest AER3.90%
Min deposit£5000
Term2 Years
2 Year Business Fixed Rate BondHampshire Trust Bank
Winner of Platinum Feefo Trusted Service Award in 2024
Why we like it
Available for: Sole traders – trading in the UK, Limited companies/PLCs/LLPs – incorporated in the UK, Partnerships, Charities – registered in the UK, Clubs and associations, Small local authorities/PCCs/councils, Schools, Religious organisations, Small financial institutions, Credit unions, Trusts. No withdrawals permitted. FSCS Protected
If you are likely to need your savings in the near future then an instant access account may be suitable. Instant access savings accounts allow you to make a withdrawal whenever you need it and earn interest on your savings.
The Escalator and Affinity instant accounts from Monmouthshire Building Society provide modest interest and instant access to your savings.
A notice savings account might be a good option for you, if you are unlikely to need your savings in a short period of time. Notice savings accounts require a number of days’ notice to make a withdrawal, but often provide higher rates of interest.
Monmouthshire Building Society’s Bonus 60 account offers slightly higher interest than their instant access account, but requires 60 days’ notice for a withdrawal.
A tried and test method of growing savings quickly is putting aside a certain amount each month. By opening a regular savings account you could access impressive rates of interest, providing you deposit the minimum amount each month.
The Saver Plus account from Monmouthshire Building Society provides competitive interest and a relatively low monthly deposit requirement.
By locking away your savings for a prolonged amount of time, you could access higher interest. Fixed rate bonds offer some of the best interest on the market, providing you do not make a withdrawal from your savings over the course of the bond.
There are a variety of fixed rate bonds with Monmouthshire Building Society, which have different fixed terms and interest rates.
If you have a significant amount of savings and you are set to earn a substantial amount of interest, you should consider the tax on your interest that you may need to pay. With a cash ISA you could earn up to £20,000 tax-free interest.
Monmouthshire Building Society have a number of ISAs that can help you receive up to £20,000 tax-free interest.
