- 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.
Promoted
Tide Banking
Business Current Account
Free banking duration
Ongoing
Monthly fee
No monthly fees
Interest
0% AER
Credit facility
Various credit options available
*CASHBACK OFFER - Enter code 150BOOST when you sign up for a Tide business bank account T&C's apply
Earn 4.07% AER each month when you open a business savings account T&Cs apply
Register a company for only £14.99
Barclays
Start-up business account
Free banking duration
No monthly fee in the first 12 months. T&Cs apply
Monthly fee
£8.50
Interest
0% AER
Credit facility
Please see 'Credit facilty' information
No monthly account fee* plus access to discounted services via key partners to help you set up and run your business effectively, worth over £5000**
*Businesses with existing Barclays business current accounts aren't eligible for 12 months no monthly account fee. After 12 months, you'll pay £8.50 per month.
*Fees and charges will apply in line with the business account tariff which may be subject to change. **Terms and conditions apply per partner, see partner website for details.
Allica Bank
Business Rewards Account
Free banking duration
Having less than £50,000 in the account may earn a reduced rate of interest and may incur fees
Monthly fee
No monthly fees
Interest
4.08% AER* (variable) instant access Savings Pot
Credit facility
None
Seamless money management at no cost using integrated accounting tools like Sage and Xero
Your business must be over 1 year in age and you must have a greater than £50K balance or an exisiting Allica's Loan Product Customer
Get a dedicated relationship manager
Airwallex
Business Account
Free banking duration
No monthly fee if you deposit at least £10k per month or hold a minimum balance of £10k
Monthly fee
£19.00
Interest
0% AER
Credit facility
None
Multi-currency accounts with local bank details in 12 markets
+180 countries from which you can accept payments with local currency and local payment methods
Integration with popular platforms like Xero, Shopify, WooCommerce, Amazon and more.
*10% cashback on the first US$1000 international card spend
Zempler Bank (formerly Cashplus)
Business Bank Account
Free banking duration
Ongoing
Monthly fee
No monthly fees
Interest
0% AER
Credit facility
Business overdraft available upon invitation
Apply in minutes
No monthly or annual fee
Helpful UK based telephone customer service
Barclays
Business account (up to £400k turnover)
Free banking duration
No monthly fee in the first 12 months. T&Cs apply
Monthly fee
£8.50
Interest
0% AER
Credit facility
Please see ‘Credit facility’ information
No monthly account fee* plus access to discounted services via key partners to help you set up and run your business effectively, worth over £5000**
*Businesses with existing Barclays business current accounts aren't eligible for 12 months no monthly account fee. After 12 months, you'll pay £8.50 per month.
*Fees and charges will apply in line with the business account tariff which may be subject to change. **Terms and conditions apply per partner, see partner website for details.
Barclays
Business account (£400k-£6.5m turnover)
Free banking duration
No monthly fee in the first 12 months. T&Cs apply
Monthly fee
£8.50
Interest
0% AER
Credit facility
Please see ‘Credit facility’ information
No monthly account fee* plus access to discounted services via key partners to help you set up and run your business effectively, worth over £5000**
*Businesses with existing Barclays business current accounts aren't eligible for 12 months no monthly account fee. After 12 months, you'll pay £8.50 per month.
*Fees and charges will apply in line with the business account tariff which may be subject to change. **Terms and conditions apply per partner, see partner website for details.
Revolut Business
Revolut Business Basic Account
Free banking duration
Ongoing
Monthly fee
No monthly fees
Interest
0% AER
Credit facility
None
Sign up today and unlock 1 month of a paid plan without subscription fees. T&Cs apply
Business account: hold, send and receive funds in 25+ currencies, exchange up to £1,000 at the interbank rate and only 0.6% fee for anything over this allowance. 1% for exchanges outside market hours.
Free smart debit cards for you and one team member: track and control spending in real-time
NatWest
Business Bank Account
Free banking duration
2 Years
Monthly fee
No monthly fees
Interest
0% AER
Credit facility
None
FreeAgent is included as long as you retain your account
A dedicated Relationship Manager - a single point of contact to look after your business banking needs (turnover and eligibility criteria apply)
NatWest
Startup Business Bank Account
Free banking duration
2 Years
Monthly fee
No monthly fees
Interest
0% AER
Credit facility
Credit options available
FreeAgent is included as long as you retain your account
No transaction fees for 2 years (then standard tariff applies)
Limited offer
CardOneMoney
Business Account
Free banking duration
No monthly fee for three months
Monthly fee
£12.50
Interest
0% AER
Credit facility
Not available
No credit checks & available to all business types
*LIMITED OFFER* Free business account for 3 months
Application takes minutes and your business account can be open on the same day you apply
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 switch their business bank account
Finding the right bank account is an essential part of your business.
We're here to help you save money
We've helped business switch bank accounts
We work hard to negotiate exclusive deals
We provide a quick, easy referral process
It's a fact that people are more likely to divorce their other half than switch their business bank account. If you are worried about switching, then you shouldn't be as all business accounts are covered by a 7-day switcher 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 all fees relevant to your business to avoid surprises!
Switching can be done within 7 days
Make sure that those you bill are aware
If you are savvy enough to use online banking regularly then you may want to ask other business owners what their thoughts are on the application. Standards of online banking vary and no one wants to go backwards when they are trying to move forward.
Switching business bank accounts
If you have been with your bank account provider for a very long time, then it might seem like the easiest option to continue using their services. You may believe that the service and the costs you are paying are standard and would apply with other providers - this is not always the case. It is so important that you shop around to make sure you're getting the best deal.
There are so many alternative bank account providers who can save you money and are becoming very popular in the market – especially business banking.
The only thing that is crucially important is making sure you compare business bank accounts which are right for you and your business.
Benefits of switching business bank accounts
Free business banking periods available
Account providers will be trying to entice you to switch providers to them so they might offer extra benefits, such as free business banking for periods up to 26 months
Flexible overdraft options
When switching accounts, there are a vast variety of accounts to choose from, with a huge range of overdraft options if you choose to add one
Low monthly fees
As an incentive for you to choose their account service, account providers will generally offer low monthly rates after any free banking period
You could have your new account within 7 days
All bank account providers now have to offer a switching guarantee, meaning your new account must be ready within 7 days of your chosen date
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