14 results found, based on your search criteria

Exclusive The Tide Business Current Account

The Tide Business Current Account

Maximum interest (AER)

0%

Free Banking Duration

Ongoing

Standard Account Fee

Free

Overdraft Facility

No

Award-winning business account and no monthly fees. Save time and money with powerful business admin features and sign up for a business current account in minutes on the Tide mobile app. Trusted over 100,000 UK businesses. This account is available to Limited Companies and Sole Traders.
Exclusive Cashplus - Business Account

Cashplus - Business Account

Maximum interest (AER)

0%

Free Banking Duration

No

Standard Account Fee

£69 annually

Overdraft Facility

Yes

Low cost alternative to high street banks, where you can operate the account via the mobile app or online and pay in cash at any UK Post Office branch. Apply instantly online with no credit checks. £69 annual fee with no monthly fees.
Exclusive ANNA Business Current Account

ANNA Business Current Account

Maximum interest (AER)

0%

Free Banking Duration

6 months

Standard Account Fee

£5 thereafter

Overdraft Facility

No

Sign-up in under 10 minutes - Get your sort code and account number instantly. No Credit Checks. Free invoicing service - ANNA can create your invoices and chase late/unpaid ones for you. 1% cashback on certain purchases. No ATM Withdrawal charges, both at home and abroad. (unless it's a commercial ATM that charges everyone)
Exclusive Starling Sole Trader Current Account

Starling Sole Trader Current Account

Maximum interest (AER)

0%

Free Banking Duration

Ongoing

Standard Account Fee

Free

Overdraft Facility

Yes

Exclusive to Starling personal account holders. British Bank Awards Winner 2019 for Best British Bank, Best Current Account Provider & Best Business Banking Provider. No monthly fees.
Exclusive Starling Business Current Account

Starling Business Current Account

Maximum interest (AER)

0%

Free Banking Duration

Ongoing

Standard Account Fee

Free

Overdraft Facility

Yes

British Bank Awards Winner 2019 for Best British Bank, Best Current Account Provider & Best Business Banking Provider. No monthly fees.
Exclusive CardOneMoney - Small Business Account

CardOneMoney - Small Business Account

Maximum interest (AER)

0%

Free Banking Duration

6 months

Standard Account Fee

£12.50 thereafter

Overdraft Facility

No

Exclusive - No Monthly Account Fees for the first 6 months.
Exclusive Revolut Business Account

Revolut Business Account

Maximum interest (AER)

0%

Free Banking Duration

Ongoing

Standard Account Fee

Free

Overdraft Facility

No

Get access to Revolut Connect, virtual cards, our Open API and more when you sign up today. Join 250,000 businesses
Exclusive Yorkshire Business Current Account

Yorkshire Business Current Account

Maximum interest (AER)

0%

Free Banking Duration

25 months

Standard Account Fee

£6.50 thereafter

Overdraft Facility

Yes

Apply online in 15 minutes. 25 months free day-to-day banking. Easy-to-use app, one-to-one support and guidance on financial management and tools. Available to limited companies, partnerships and sole traders with an annual turnover of up to £2 million.
Exclusive Business Current Account

Business Current Account

Maximum interest (AER)

0%

Free Banking Duration

yes

Standard Account Fee

£6.50

Overdraft Facility

Yes

Apply online in 15 minutes. 25 months free day-to-day banking. Easy-to-use app, one-to-one support and guidance on financial management and tools. Available to limited companies, partnerships and sole traders with an annual turnover of up to £2 million.
Exclusive Monzo Business Lite

Monzo Business Lite

Maximum interest (AER)

0%

Free Banking Duration

no

Standard Account Fee

Free

Overdraft Facility

no

Popular Business Current Account Guides

How to open a business current account?

How to switch a business current account?

How to find a good business bank account if you are self-employed?

Do I Need a Business Bank Account to Get a Loan?

  • Business Bank Accounts
  • Business Bank Accounts FAQs
  • About our current accounts comparison

Business Bank Accounts

A business bank account helps business owners to keep their company’s money and their own personal finances completely separate. Business bank accounts have many similar features to personal bank accounts, but with additional features to help your business run smoothly.
You will also get access to a debit or credit card, cheque book and online account enabling you to make payments on demand.

Why do I need a business bank account?

A business bank account is a legal requirement for limited companies. However, it’s optional for self-employed workers and sole traders. It effectively allows you to keep all your business payments and expenses separate to your personal accounts. So when it comes to putting together your tax return for HMRC, you have a lot more clarity over various travel, equipment and other expenses and can easily determine what was used for business and what was for personal use. Other benefits include having access to a bank manager who you can contact if you need business advice, help making payments, and access to business loans. Invoicing with details of your business account may also increase the professional appeal of your business.

How to compare business bank accounts with Everything Financial

Everything Financial offers a whole of market comparison so you can compare business accounts from mainstream banks alongside newer, tech companies with banking alternatives.

Comparing bank accounts:

Monthly fees – Business current account charges come in many shapes and sizes. Some accounts have no fee, but most charge an annual or monthly fee. Some providers base their fees on how much you pay in each month or how many transactions you make. However, compare accounts to see if there are any introductory offers available that can sometimes give you free use for around 18 to 24 months. After this period, you will be charged a fee.

Free banking – Some business bank accounts charge additional fees for paying in cheques, making transactions and withdrawing money, among other services. Check you are comfortable with any extra charges.

Other bonuses – Some new accounts include perks such as cashback and vouchers when you sign up.

A business bank account is used by sole traders and company owners to keep business profits, money owed and any employee payroll separate from personal accounts. This can also be helpful when calculating your tax liability for HMRC. If you operate under a limited company you will need to have a business bank account

You will need to provide proof of identity and the details of your business, including its registered address. You may need to visit a business bank account manager. However, you can open some business bank accounts online.

Alongside personal details needed to open any type of bank account, the exact documents needed will depend on the type of business you run. For example, if you run a limited liability partnership or a private limited company, then you will need additional documents such as the date of incorporation and the company registration number.

Certain banks will offer free business bank accounts for a set period of time. For example, the first one or two years. Otherwise, you will pay an annual or monthly fee for most business accounts.

Yes, but this will depend on your provider. Fees that you could be charged include:

  • Receiving card payments
  • Using the overdraft facility
  • Withdrawing cash
  • Sending money through a bank transfer
  • Paying money in

Many are similar to personal current accounts, and offer facilities such as online banking, an overdraft, debit card, cheque book and the potential to earn interest when the account has a positive balance.

It could take minutes if you are applying online or in a local branch, but may take several days or a week if additional checks need to be carried out prior to approving your application.

There are a variety of reasons why a business bank account is worth considering, including:

  • Business banking manager support
  • The ability to separate business expenses more easily
  • Paying invoices directly into the account
  • Building your firm’s credit history

Yes, your credit rating isn't considered when applying, since you are paying money into the account, and not borrowing money from it. However, having bad credit could limit your overdraft facility.

We include business current accounts from our panel of UK banks, building societies and new platform based online providers. All partners listed on our current account comparison are regulated by the Financial Conduct Authority (FCA).

Our website is completely free for you to use. However, we're a business with bills and staff to pay - and hopefully we'll make some on top as a reward for creating and providing a great service that works for you and our partners. Similarly to most comparison sites, we receive an income from most of the companies listed. But the payment we get from our partners will never change the amount you pay for your home, money or insurance product.

About everything financial

We are everything financial and the website you are on is a free, online comparison service. We exist to make finding a financial product or financial advice easier.

Data you can Trust

Making a fair comparison only works with accurate trustworthy data. We have partnered with financial data experts Defaqto who have a team dedicated to ensuring every data point you see is accurate.

FCA Regulated

Everything Financial is regulated and authorised by the Financial Conduct Authority. This website is a free comparison site that has been designed to help you make informed decisions about financial products.

Financial Experts

The Senior Management team is comprised of respected Industry experts who both understand financial services, but are also committed to helping you choose the best value products in the market for you.
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