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Barclays
  • Access to discounted services via key partners to help you set up and run your business effectively, worth over £5000**
  • Established businesses who switch to Barclays have access to a team of industry sector experts and specialist services.
  • ** Terms and conditions apply per partner, see partner website for details.
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Our comparison service features a selection of providers from whom we receive commission. This table is ordered according to our commercial arrangements.

We only work with providers who we trust to provide a great deal and a fantastic service.

How we've helped others with business banking

Finding the right business current bank account can become a little time consuming.

  • We're here to help you switch bank accounts

  • Or open a new business current account

  • Over 10,000 businesses have used our service

  • We help people compare with ease

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For a start-up, many banks will offer an introductory free banking period which means that you won't face monthly charges for using the account! However, other fees may apply.

What's important?

  • Additional fees for paying with cash

  • Do you need to make cash deposits and payments at a local branch?

  • Is your branch local enough for you to get to for everyday banking needs?

  • Many banks will offer support to start-ups, whether that is offering a mentor or someone to help with software

  • Check any set up and monthly fee to ensure that you're happy with the charges

  • It's not always the best option to go with your personal current bank, unless you have done so already!

If you are stuck when it comes to choosing the right business bank account, our comparison service will help you find the best current account. Remember once you have opened it, make sure you are reviewing it on an annual basis. Just like a personal account, you'll be covered by the 7-day current account switch guarantee.

It's a fact that people are more likely to divorce their other half than switch their account. If you are worried about switching, then you shouldn't be as all accounts are covered by a 7-day current account switch guarantee. Just make sure your bank is registered with this scheme!

What's important?

  • Don't just look at the free period, work out how much it will it cost after the fee free period

  • Ensure you know the fees you will be charged per month to avoid surprises!

  • Switching can be done within 7 days

  • Make sure that those you bill are aware

Completing your application and switching providers is straight forward and your new bank will do most of the work for you - so you have no need to worry and can get back to what you do best. Standards of online banking vary and no one wants to go backwards when they are trying to move forward.

If you are having trouble setting up an account or switching from your current one, then there are still options available where you can avoid credit checks.

What they offer:

  • Debit cards

  • Online banking

  • The ability to pay into post offices or other establishments

  • Potential improvement on your credit rating

  • Quick setup and going to the branch is not required

Fees on the account can be paid monthly or annually. Our bad credit bank account facilities are simple, easy to use and it can also be cheaper than a standard business bank account! Use our comparison service to see what's available for you.

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Check Your Business Credit Score for Free

To access the best rates on business finance solutions, your business needs a good credit score. Click the link below to learn more about the importance of credit building and credit scoring for your business, including how to check your business credit score for free at

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Check Your Business Credit Score for Free at Capitalise

Compare business bank accounts

We help businesses secure the best business bank account UK wide. Are you just starting out and need to get a business current account for the first time? Or, are you simply looking to compare deals and switch to the most suitable provider? Whatever the reason, we can help you compare and save!

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What type of business accounts are available?

Whether you are a small start-up or a large organisation, a current account is almost always essential. As a limited company, you will need a banking facility, this is because the business is a separate legal entity. It is not a legal requirement if you are self-employed, although it will help organise your finances.

There are many types of current accounts for businesses, such as those with overdrafts, online account management, free business accounts to mobile apps and balance text alerts. If you hold a business account, you will be able to keep your personal and business finances separate. Having a business bank account will make applying for a business credit card or loan more straight forward in the future.

Deciding which business account is the best, is exactly the same as comparing personal accounts, it is important to find the best fit for your requirements.

Business banking options are different to personal accounts, as they often charge a monthly account fee and transaction fees. Although, by comparing the available accounts you may be able to reduce or completely avoid charges in the early days.

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The advantages of a dedicated business account

The main advantage of a dedicated business current account is that you can easily track the finances of your limited company. Whether you are looking to calculate business spending, your earnings or your expenses, it is much quicker with a dedicated business account. It is also much quicker to calculate any taxes which you owe when you submit your tax return.

There are a variety of banks which offer free banking introductory periods, such as 18 months free banking. This is their way of supporting you in the early days,

although many offer support teams and 24-hour account access. It is also possible to benefit from low-interest rates on balances, which is ideal if your account is rarely using its overdraft.

Although you are likely to pay for your service eventually once your free banking period ends, there are some features which you will benefit from. There are some banks which provide free extras as part of their paid accounts, such as free accounting software.

Banking for business start-ups

If you are a start-up, one of your first steps will need to be opening your business account. There are a variety of options available, including business bank accounts with no minimum balances and free introductory banking offers.

Your business account bank may offer a great service; however, they may not offer the same benefits. When opening your first bank account for business, think about how you will use it and what you need.

Business bank accounts for those with bad credit

There are many banks that offer business accounts to those with a poor or no credit history. If you have been turned down in the past, there are still some good banks for business accounts available. There are banks with no credit check, yet they still offer many of the benefits you may require. For example:

  • Business bank cards

  • Online banking and apps

  • The ability to pay cash into post offices and other convenient establishments

  • A quick account setup without visiting a branch

  • The potential to improve your credit rating through good account management

Business accounts for sole traders

Although a sole trader or partnership does not legally require a business account, it can be useful. A personal account can be used for business transactions, but it can make it difficult to organise taxes. There are many benefits to opening a business account, such as being able to make deposits using your business name. The account will also provide detailed transactions, which will make it much quicker to understand your businesses finances. If you prefer, there are some banks which will allow you to use your personal account for business banking. However, you should check with your bank beforehand.

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How to compare business bank accounts

Charging structures for business accounts can be complex and time-consuming to compare, with limited comparison tools reviewing them like for like. We understand that it can be difficult to compare the options available, so we have created a free, no-obligation comparison service. Our service is designed to help you find the ideal bank account, whether you are a contractor seeking a contractor bank account, have bad credit or you are a small business. Whether it is your first account or you'd like to switch your business banking.

It may seem easy to open an account with your personal bank, but they may not offer the features required. There are a variety of account requirements, so we have split the available options into different sections. You will be able to compare:

There are many offers and benefits which banks offer as a way to attract new business customers. Although you may be tempted by a free initial banking period, consider the cost of the account once the free period ends. You should also consider the various fees charged by the bank. Some banks may charge you for each transaction that is processed through your account. The best business bank is the one that works for your specific needs. Whether it's via your online banking or business bank card.

The best account will match the way you prefer to bank, and the number of transactions processed through your account. For example, if you will be paying electronically, look for an account with a low fee for electronic transactions. If you receive lots of cash and cheques, you should look for an account that offers low fees to pay in cash or even free business banking options.

  • We recommend that you compare the following when searching for business bank accounts:

  • Any additional fees when you pay cash into the account?

  • The location of your local branch, is it convenient?

  • Do they provide start-up support, such as business mentors or free accounting software?

  • What is the cost of and are the fees relevant to your business requirements?

It is always worth comparing business bank accounts reviews, as they will give an honest insight into the service. If you regularly use apps, the design and ease of use can vary significantly between banks. By understanding the individual reviews, you may find that it is worth paying slightly more for an account. Especially if it means you benefit from great online business bank account management.

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How to switch a business account

There are a variety of business current accounts available, even a business account for small businesses. If you decide an account fits your business requirements, it is possible to switch in just 7 days.

Comparing and switching personal current accounts has led to an increase in competition, which has encouraged more people to compare. However, there is less publicity relating to switching business accounts. Although the process is designed to be simple, so you will be free to concentrate on running your business. Simply make sure that the businesses you work with are aware of your new account details.

If you decide to switch your business account, you will be covered by a 7-day switch guarantee. This means you can quickly close the account without any expensive charges.

To speed up the process, it can help to have the following information to hand:

  • Your Companies House registration number, if you have one

  • Details about your business income, turnover and capital

  • The name, date of birth and addresses of all directors or partners

  • Proof of identity, such as a passport or driving licence

  • Proof of address

If you have found a great business current account, it is still important to compare other options each year. The benefits, charges and types of accounts offered change regularly, so it is worth comparing your business banking on an annual basis.

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