Basic Business Accounts.

Promoted
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.
  • ** T&Cs apply per partner, see partner website for details.
Get this deal

0 business bank accounts found

Filter Results
Account options
Refine Search
Apply changes
Apply changes

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 find the best basic bank account

Finding the right bank account is an essential part of your business.

  • We don't require credit checks

  • We have a quick online setup

  • We offer a direct debit payment

  • We keep fees low

Compare Now

Basic business bank accounts are ideal for business owners who may be experiencing difficulties with their credit score. These type of bank accounts offer you the option to open a basic account with no 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

Basic accounts generally offer no monthly fee, with fixed fees on payments in and out, withdrawals and deposits - meaning you'll always know what you're paying.

Compare Now

Basic bank accounts

UK banks are more than likely going to reject business owners and directors who apply for a business current account if they have a poor credit history. Regardless of the company type for example; a limited company (a company which is a separate legal entity) – banks will still run a credit check on the directors and owners as standard.

Numerous banks will be more lenient with businesses, however this depends on the reason for the poor credit history. There are two types of bad credit which will not be overlooked, they are; bankruptcy and County Court Judgements.

Generally the bank will often decline a business because of the poor credit history, another reason for them declining the account is if the business owner or director has recently moved to the UK, or moved back therefore they are unable to provide the bank with any credit history.

For many directors and owners they just want to keep their personal finances separate to their businesses finances. Basic business bank accounts could be a cheaper option compared to the complex and pricey bank accounts.

If you are self-employed it is acceptable to use your personal current account. But, be aware that the bank can add fees onto your account if they see numerous transactions, which would ultimately turn into a business current account.

Compare Now

Benefits of basic current accounts

Online accounts

Online accounts

As with any bank account you can manage your account online and setup direct debits.
Pay into a local Post Office branch

Pay into a local Post Office branch

You will have access to pay money and cheques into any post office branch and some may also have access to a high street bank.
No credit checks

No credit checks

The process is very quick and does not involve a credit check. You will just need to confirm your ID.
Simple fee structure

Simple fee structure

A monthly fee is taken out of the account each month or annually depending on the account you choose. Also you will need to pay for cash withdrawals, this cost will be highlighted in advance.
Compare Now

Your cookie preferences

Business Comparison

BusinessComparison uses cookies to offer you the best experience online. They help us understand how you use our site, and tailor the adverts you may see.

By clicking ‘Accept all’ you’re agreeing to our use of cookies. You can change your preferences by choosing ‘Manage Preferences’ and if you would like to know more about our use of cookies, you can read our cookie policy.

You can manage your cookie preferences in the sections below. If you would like to know more, please view our cookie policy.

Strictly Necessary

These cookies are essential for the functionality and security of our website. Without them, we can’t guarantee that you’ll be able to navigate around our website and use its features, including access to any secure areas of the site.

Marketing

These cookies help us understand which products, services and offers may be the most relevant to you. We may use this data to tailor the ads you see on our own and other websites and apps.

Performance

These cookies let us know how you’re using our site. This information helps us understand how our products and services are being used and what we can do to improve them. All information collected by these cookies is aggregated and anonymous.