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Compare Business Start Up Current Accounts - Ordered by A-Z

Sponsored Provider

Limited offer

Receive £100 cashback when you open a business bank account & spend £1000 within the first 60 days. Enter promo code BCA100 when applying on Tide's website. New Tide customers only. Offer ends 31/01/26. T&Cs apply. Powered by ClearBank

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Tide

Business Current Account

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £0.00

  • Overdraft

    No overdraft facility


Great for

  • Sole Traders, SMEs and Limited Companies. Apply online in minutes with easy set up all in one place. No credit checks or paperwork needed. Up to £85,000 of your eligible deposits protected by the FSCS. Tide Business Current Account – provided by ClearBank
  • Register your business for £14.99 through Tide with Companies House, Get a Free instant saver account which gives you up to 4.50% AER (variable). Interest rates are tiered, with the top rate for balances between £1M and £10M
  • All your business finance admin needs in one secure app. Set up direct debits, categorise your transactions and create and manage invoices all via the app. Seamless integration with Sage, QuickBooks, Xero and more for easy reporting

But be aware that

  • To apply for a registered business account you need to be registered with Companies House as a director of that company
  • Bank transfers in or out via UK Faster Payments/BACS/CHAPS are charged at 20p each. Cash deposits via the Post Office cost £2.50 for deposits up to £500 or 0.5% of the total deposit amount for deposits over £50
  • Tide Business accounts are provided by ClearBank

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Allica Bank

Business Reward Account

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £0.00

  • Overdraft

    No overdraft facility


Great for

  • Up to 1.5% cashback on eligible card spend. View Business Rewards Account Terms and Conditions on Allica bank website
  • Up to 4.08% AER (variable)* Instant Access Savings Pot. Savings Pots are an exclusive feature of the Business Rewards Account
  • Seamless money management at no cost using tools like Sage and Xero to organize receipts, manage transactions, track taxes and bills, helping you save time on reporting

But be aware that

  • Your business must have been incorporated for over 1 year. You must have £50,000 minimum balance OR have a loan product with Allica
  • Eligibility criteria and T&Cs apply

Digital banking with no account fee for 12 months*. Free accounting software available to business account holders. T&Cs Apply

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Bank of Scotland

Business Account For Start Ups

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £8.50

  • Overdraft

    Instant decision on up to £5000 limit


Great for

  • Digital banking with no account fee for 12 months. Free accounting software available to business account holders. T&Cs Apply
  • Bank in whatever way suits your business - online, with our mobile app, over the phone or in branch
  • Support from our UK-based relationship team

But be aware that

  • To qualify for this account you need to be a sole trader, partner or company director and be aged 18 or over
  • Lending is subject to status
  • Must not already have a Bank of Scotland business account for this business

Limited offer

Get £175 when you open or switch to a Barclays Business Account* Apply or start your switch by 9 January 2026. UK businesses and 18+ only. T&Cs apply

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Barclays

Business Account

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £8.50

  • Overdraft

    Subject to application & financial circumstances


Great for

  • Free digital banking, and no monthly account fee for your first 12 months. You won't have to pay a monthly account fee for 12 months if you don’t already have a Barclays Business Account with us. After 12 months, you'll pay £8.50 per month.**

But be aware that

  • Overdrafts are subject to application, financial circumstances and borrowing history
  • **Free digital banking refers to simple electronic payments as defined in your business account tariff. Fees and charges will apply in line with the business account tariff, which could change
  • To open a new business account with Barclays, you’ll need to have a right to live in the UK permanently & provide 12 months’ UK address history. Subject to terms, conditions & eligibility. 18+.

Limited offer

Get £175 when you open or switch to a Barclays Business Account* Apply or start your switch by 9 January 2026. UK businesses and 18+ only. T&Cs apply.

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Barclays

Business Current Account for £400k-£6.5m turnover

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £8.50

  • Overdraft

    Subject to application & financial circumstances


Great for

  • Free digital banking, and no monthly account fee for your first 12 months. You won't have to pay a monthly account fee for 12 months if you don’t already have a Barclays Business Account with us. After 12 months, you'll pay £8.50 per month.**

But be aware that

  • To open a new business account with Barclays, you’ll need to have a right to live in the UK permanently & provide 12 months’ UK address history. Subject to terms, conditions & eligibility. 18+
  • **Free digital banking refers to simple electronic payments as defined in your business account tariff. Fees and charges will apply in line with the business account tariff, which could change
  • Overdrafts are subject to application, financial circumstances and borrowing history

Get £200 when you open a business bank account and a savings account. Offer applies to new Co-operative Bank customers. Min. balance and transactional criteria applies for the first 3 months. Subject to eligibility, T&Cs apply. Offer may be withdrawn at any time

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Co-operative Bank

Business Bank Account

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £0.00

  • Overdraft

    Subject to application, eligibility and credit checks


Great for

  • Start-ups and growing businesses looking for free everyday digital banking with an ethical bank. Eligible deposits protected up to £85,000 by the FSCS. Rated 'Excellent' on Trustpilot with over 14,000 reviews
  • Free seamless integration with online accounting software providers, e.g. Sage, Xero, QuickBooks and more, to help save time on financial admin & reporting. No charges for all automated credits, ATM withdrawals and debit card purchases.
  • Customers also get free, unlimited access to the Go Get Paid app - the fast, secure way to request payments & get paid on time. Plus access selected Clover payment terminals for £1 a month for the first 12 months (fees apply)

But be aware that

  • Charges apply for cash and cheque transactions and other special services e.g. foreign and CHAPS payments. You can deposit cash in our branches and the Post Office for £1.50 per cheque or £1.50 per £100 of cash deposited
  • An overdraft arrangement fee applies and where security is required, additional security fees may apply

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Co-operative Bank

Business Bank Account Plus

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £10.00

  • Overdraft

    Subject to application, eligibility and credit checks


Great for

  • Established and growing businesses, looking for insurance benefits and exclusive access to savings rates. A Business Plus Instant Access savings account will be opened alongside the bank account benefiting from an exclusive interest rate
  • You can apply for an optional overdraft with no arrangement fee on amounts up to £25,000. Arrangement fees apply to only the amount above £25,000. Subject to status and eligibility. Free seamless integration with online accounting software providers
  • Get access to Co-op Bank's business toolbox. Plus, get a Love2Shop voucher worth up to £70 when you purchase an eligible business insurance policy with their insurance partner. T&Cs apply. Rated 'Excellent' on Trustpilot with over 14,000 reviews

But be aware that

  • Charges apply for cash, cheque transactions & other special services, e.g. foreign and CHAPS payments. You can deposit cash in branch & in Post offices, £0.75 per cheque or £0.75 per £100 cash deposited
  • Arrangement fees applies on optional overdrafts over £25,000 (only to the amount above £25,000), and where security is required, additional security fees may apply

Digital banking with no account fee for 12 months*. Free accounting software available to business account holders. T&Cs Apply

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Lloyds Bank

Business Account For Start Ups

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £8.50

  • Overdraft

    Instant decision on up to £5000 limit


Great for

  • Digital banking with no account fee for 12 months. Free accounting software available to business account holders. T&Cs Apply
  • Bank in whatever way suits your business - online, with our mobile app, over the phone or in branch
  • Support from our UK-based relationship team

But be aware that

  • To qualify for this account you need to be a sole trader, partner or company director and be aged 18 or over
  • Lending is subject to status
  • Must not already have a Lloyds Bank business account for this business

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Mettle by NatWest

Mettle+

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £4.00

  • Overdraft

    No overdraft facility


Great for

  • Sole traders and limited companies looking for a business account to help them create and send quotes, which they can easily convert to invoices all in one place
  • Saving time by using pre-filled message templates for quotes, invoices or chase late payments
  • Match payments to invoices and categorise transactions to keep your books up to date

But be aware that

  • You need to have an existing Mettle account to access
  • Mettle+ is a £4 a month recurring payment

FreeAgent included – need to make at least one transaction a month from your Mettle account. If you don’t, or your account is closed while still using FreeAgent then fees will apply. FreeAgent has optional paid-for add ons that may be chargeable

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Mettle by NatWest

Business Bank Account

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £0.00

  • Overdraft

    No overdraft facility


Great for

  • Sole traders and limited companies looking for a business account to help them categorise transactions, create and send invoices and sync with accounting software such as FreeAgent 
  • Small businesses conscious about security – Mettle is backed by NatWest and your money is protected up to £85,000 through the FSCS
  • Support – speak to Mettle's team when you need to and apply for an account straight from the app

But be aware that

  • Mettle currently supports UK-based companies with owners that are UK residents
  • Mettle currently supports balances up to £1 million
  • No access to credit or borrowing options, or cheques

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Monzo

Business Lite

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £0.00

  • Overdraft

    Eligible applicants can get an overdraft up to £2,000


Great for

  • Tax Pots - automatically put money aside for tax
  • Integrated Accounting/Xero - connect Xero and others for fully up to date bookkeeping
  • Invoicing - create and send invoices

But be aware that

  • Free Business account offer only applies to Monzo Business Lite. Monzo Business Pro is £9/month and Monzo Business Team starts from £25/month.
  • Must be Sole Trader or Director of Limited Company. UK Business Only. T&Cs Apply

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Monzo

Business Pro

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £9.00

  • Overdraft

    Eligible applicants can get an overdraft up to £2,000


Great for

  • Tax Pots - automatically put money aside for tax
  • Integrated Accounting/Xero - connect Xero and others for fully up to date bookkeeping
  • Invoicing - create and send invoices

But be aware that

  • Free Business account offer only applies to Monzo Business Lite. Monzo Business Pro is £9/month and Monzo Business Team starts from £25/month.
  • Must be Sole Trader or Director of Limited Company. UK Business Only. T&Cs apply

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Monzo

Business Team

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    from £25.00

  • Overdraft

    Rate is negotiable


Great for

  • Tax Pots - automatically put money aside for tax
  • Integrated Accounting/Xero - connect Xero and others for fully up to date bookkeeping
  • Invoicing - create and send invoices

But be aware that

  • Free Business account offer only applies to Monzo Business Lite. Monzo Business Pro is £9/month and Monzo Business Team starts from £25/month.
  • Must be Sole Trader or Director of Limited Company. UK Business Only. T&Cs Apply

24 months free from everyday banking transaction fees. Eligibility criteria apply. Other fees and charges may apply. Full Current Account Switch Service completed within 7 business days, Criteria Apply

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NatWest

Start Up Business Account

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £0.00

  • Overdraft

    Rate is negotiable


Great for

  • If you meet the offer criteria and are accepted you will get 24 months free from everyday banking transaction fees. After your 24 month free banking period ends, you will be moved to Natwest Standard Tariff.
  • Current Account Switch Service completed within 7 business days (includes your Direct Debits and standing orders). Criteria Apply.
  • As long as you retain your account, you will have access to FreeAgent

But be aware that

  • The 24 month offer is available to businesses that have been trading for less than 1 year and have a turnover of less than £1m. The switcher offer is not available to existing RBS or Ulster Bank customers
  • Applications for a business overdraft are subject to approval. If you apply for credit facilities, security may be required and product fees may apply.
  • NatWest business current account is available to eligible customers over 18, who have the right to be employed in the UK.

Limited offer

Sign up to Revolut Business and add money to your account by 31 December 2025 to get a £100 welcome bonus. New Revolut Business customers only. Subscription fees and T&Cs apply

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Revolut Business

Basic

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £10.00

  • Overdraft

    No overdraft facility


Great for

  • Receive money with local and global account details
  • Transfer across 150+ destinations and exchange 25+ currencies at the interbank rate. Within plan allowance, during market hours.
  • Automate your spend management, end-to-end.

But be aware that

  • These offerings are applicable for new Revolut Business customers in the UK, Singapore, and all EEA countries where Revolut Bank UAB or its branches are providing services.
  • Revolut is not a fully licensed bank in the UK. Your money is safeguarded in an account with a regulated bank or high quality liquid assets. Your savings are deposited with partner banks. Eligible deposits are protected up to £85k per bank

Limited offer

Sign up to Revolut Business and add money to your account by 31 December 2025 to get a £100 welcome bonus. New Revolut Business customers only. Subscription fees and T&Cs apply

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Revolut Business

Enterprise

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    Custom*

  • Overdraft

    No overdraft facility


Great for

  • Receive money with local and global account details
  • Transfer across 150+ destinations and exchange 25+ currencies at the interbank rate. Within plan allowance, during market hours
  • Automate your spend management, end-to-end

But be aware that

  • These offerings are applicable for new Revolut Business customers in the UK, Singapore, and all EEA countries where Revolut Bank UAB or its branches are providing services.
  • Revolut is not a fully licensed bank in the UK. Your money is safeguarded in an account with a regulated bank or high quality liquid assets. Your savings are deposited with partner banks. Eligible deposits are protected up to £85k per bank

Limited offer

Sign up to Revolut Business and add money to your account by 31 December 2025 to get a £100 welcome bonus. New Revolut Business customers only. Subscription fees and T&Cs apply

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Revolut Business

Grow

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    from £30.00

  • Overdraft

    No overdraft facility


Great for

  • Receive money with local and global account details
  • Transfer across 150+ destinations and exchange 25+ currencies at the interbank rate. Within plan allowance, during market hours
  • Automate your spend management, end-to-end

But be aware that

  • These offerings are applicable for new Revolut Business customers in the UK, Singapore, and all EEA countries where Revolut Bank UAB or its branches are providing services.
  • Revolut is not a fully licensed bank in the UK. Your money is safeguarded in an account with a regulated bank or high quality liquid assets. Your savings are deposited with partner banks. Eligible deposits are protected up to £85k per bank

Limited offer

Sign up to Revolut Business and add money to your account by 31 December 2025 to get a £100 welcome bonus. New Revolut Business customers only. Subscription fees and T&Cs apply

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Revolut Business

Scale

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    from £90.00

  • Overdraft

    No overdraft facility


Great for

  • Receive money with local and global account details
  • Transfer across 150+ destinations and exchange 25+ currencies at the interbank rate. Within plan allowance, during market hours
  • Automate your spend management, end-to-end

But be aware that

  • These offerings are applicable for new Revolut Business customers in the UK, Singapore, and all EEA countries where Revolut Bank UAB or its branches are providing services.
  • Revolut is not a fully licensed bank in the UK. Your money is safeguarded in an account with a regulated bank or high quality liquid assets. Your savings are deposited with partner banks. Eligible deposits are protected up to £85k per bank

24 months free from everyday banking transaction fees. Eligibility criteria apply. Other fees and charges may apply. Full Current Account Switch Service completed within 7 business days, Criteria Apply

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Royal Bank of Scotland

Start up Business Account

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £0.00

  • Overdraft

    Rate is negotiable


Great for

  • If you meet the offer criteria and are accepted you will get 24 months free from everyday banking transaction fees. After your 24 month free banking period ends, you will be moved to RBS Standard Tariff
  • Current Account Switch Service completed within 7 business days (includes your Direct Debits and standing orders). Criteria Apply.
  • As long as you retain your account, you will have access to FreeAgent

But be aware that

  • The 24 month offer is available to businesses that have been trading for less than 1 year and have a turnover of less than £1m. The switcher offer is not available to existing Natwest or Ulster Bank customers
  • Applications for a business overdraft are subject to approval. If you apply for credit facilities, security may be required and product fees may apply.
  • Royal Bank of Scotland business current account is available to eligible customers over 18, who have the right to be employed in the UK.

Upgrade to Tide Smart and get one month free. Powered by ClearBank

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Tide

Smart

  • Interest Text 2 field

    0% AER interest on in-credit balances

  • Monthly fee

    £14.99 incl VAT

  • Overdraft

    No overdraft facility


Great for

  • Sole Traders, SMEs and Limited Companies. Apply online in minutes with easy set up all in one place. No credit checks or paperwork needed. Up to £85,000 of your eligible deposits protected by the FSCS
  • Control and simplify team spend with 1 free Expense Card. 25 free transfers in & out per month. Trademark filing support, attach receipts all in the app. Syncs with your accounting software
  • All your business finance admin needs in one secure app. Set up direct debits, categorise your transactions and create and manage invoices all via the app. Seamless integration with Sage, QuickBooks, Xero and more for easy reporting

But be aware that

  • Monthly fee of £14.99 inclusive of VAT
  • Cash deposits via the Post Office cost £2.50 for deposits up to £500 or 0.5% of the total deposit amount for deposits over £500. 0.5% cashback does not apply to this account
  • Tide Business accounts are provided by ClearBank

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Virgin Money

M Account for Business

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £0.00

  • Overdraft

    Rate is Negotiable


Great for

  • Free day-to-day online business banking (excluding CHAPS and international payments)
  • Earn 0.25% Cashback on debit card purchases. Terms and exclusions apply
  • Manage all your business data in one place using Virgin Money's M-Track insights platform. Link up your business to market leading tools, such as Sage, Xero, Google, Shopify and more, to track them from one simple dashboard

But be aware that

  • Designed for businesses with an annual turnover less than £1m
  • Must be based and operate in the UK (excluding Channel Islands, Isle of Man and Northern Ireland)
  • All owners, directors, senior managers and account signatories must be over 18 years old

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Virgin Money

Business Current Account

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £6.50

  • Overdraft

    Rate is negotiable


Great for

  • Debit Card Cashback - automatically earn up to £500 per calendar year when using your Debit Card for purchases. Some exclusions apply
  • If you’re a new business or just new to Virgin Money, you could qualify for 25 months free day-to-day banking when you open or switch to this business current account
  • Digital Money Management Tools - helping you manage cash flow, budgets and invoices

But be aware that

  • You must have a turnover of less than £6.5m per annum
  • Must be based and operate in the UK (excluding Channel Islands, Isle of Man and Northern Ireland)
  • All owners, directors, senior managers and account signatories must be over 18 years old

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Zempler Bank

Business Bank Account

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £0.00

  • Overdraft

    on Account Application


Great for

  • Fast sign up - apply in minutes. No monthly or annual fees. FSCS protected up to £120,000 on eligible deposits
  • Manage your account 24/7 in-app and online tools. Helpful UK telephone customer service.
  • Made for small businesses. In-app and online tools that take the effort out of money admin like cashflow tracking and integrated accounting.

But be aware that

  • Eligibility criteria apply, for UK businesses only, 18+ and UK resident.
  • First 3 payments sent each month are FREE & £0.35 for every transfer thereafter. Card transactions in the UK are FREE
  • Overdraft available subject to approval.

Compare Business switcher current accounts - Ordered by A-Z

Sponsored Provider

Limited offer

Receive £100 cashback when you open a business bank account & spend £1000 within the first 60 days. Enter promo code BCA100 when applying on Tide's website. New Tide customers only. Offer ends 31/01/26. T&Cs apply. Powered by ClearBank

provider logo

Tide

Business Current Account

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £0.00

  • Overdraft

    No overdraft facility


Great for

  • Sole Traders, SMEs and Limited Companies. Apply online in minutes with easy set up all in one place. No credit checks or paperwork needed. Up to £85,000 of your eligible deposits protected by the FSCS. Tide Business Current Account – provided by ClearBank
  • Register your business for £14.99 through Tide with Companies House, Get a Free instant saver account which gives you up to 4.50% AER (variable). Interest rates are tiered, with the top rate for balances between £1M and £10M
  • All your business finance admin needs in one secure app. Set up direct debits, categorise your transactions and create and manage invoices all via the app. Seamless integration with Sage, QuickBooks, Xero and more for easy reporting

But be aware that

  • To apply for a registered business account you need to be registered with Companies House as a director of that company
  • Bank transfers in or out via UK Faster Payments/BACS/CHAPS are charged at 20p each. Cash deposits via the Post Office cost £2.50 for deposits up to £500 or 0.5% of the total deposit amount for deposits over £50
  • Tide Business accounts are provided by ClearBank

provider logo

Allica Bank

Business Reward Account

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £0.00

  • Overdraft

    No overdraft facility


Great for

  • Up to 1.5% cashback on eligible card spend. View Business Rewards Account Terms and Conditions on Allica bank website
  • Up to 4.08% AER (variable)* Instant Access Savings Pot. Savings Pots are an exclusive feature of the Business Rewards Account
  • Seamless money management at no cost using tools like Sage and Xero to organize receipts, manage transactions, track taxes and bills, helping you save time on reporting

But be aware that

  • Your business must have been incorporated for over 1 year. You must have £50,000 minimum balance OR have a loan product with Allica
  • Eligibility criteria and T&Cs apply

Digital banking with no account fee for 12 months*. Free accounting software available to business account holders. T&Cs Apply.

provider logo

Bank of Scotland

Business Account For Switchers

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £8.50

  • Overdraft

    Instant decision on up to £25000 limit


Great for

  • Digital banking with no account fee for 12 months. Free accounting software available to business account holders. T&Cs Apply
  • Bank in whatever way suits your business - online, with our mobile app, over the phone or in branch
  • Support from our UK-based relationship team

But be aware that

  • To qualify for this account you need to be a sole trader, partner or company director and be aged 18 or over
  • Lending is subject to status
  • Must not already have a Bank of Scotland business account for this business

Limited offer

Get £175 when you open or switch to a Barclays Business Account* Apply or start your switch by 9 January 2026. UK businesses and 18+ only. T&Cs apply.

provider logo

Barclays

Business Current Account up to £400k turnover

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £8.50

  • Overdraft

    Subject to application & financial circumstances


Great for

  • Free digital banking, and no monthly account fee for your first 12 months. You won't have to pay a monthly account fee for 12 months if you don’t already have a Barclays Business Account with us. After 12 months, you'll pay £8.50 per month.**

But be aware that

  • To open a new business account with Barclays, you’ll need to have a right to live in the UK permanently & provide 12 months’ UK address history. Subject to terms, conditions & eligibility. 18+.
  • **Free digital banking refers to simple electronic payments as defined in your business account tariff. Fees and charges will apply in line with the business account tariff, which could change.
  • Overdrafts are subject to application, financial circumstances and borrowing history.

Limited offer

Get £175 when you open or switch to a Barclays Business Account* Apply or start your switch by 9 January 2026. UK businesses and 18+ only. T&Cs apply.

provider logo

Barclays

Business Current Account for £400k-£6.5m turnover

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £8.50

  • Overdraft

    Subject to application & financial circumstances


Great for

  • Free digital banking, and no monthly account fee for your first 12 months. You won't have to pay a monthly account fee for 12 months if you don’t already have a Barclays Business Account with us. After 12 months, you'll pay £8.50 per month.**

But be aware that

  • To open a new business account with Barclays, you’ll need to have a right to live in the UK permanently & provide 12 months’ UK address history. Subject to terms, conditions & eligibility. 18+
  • **Free digital banking refers to simple electronic payments as defined in your business account tariff. Fees and charges will apply in line with the business account tariff, which could change
  • Overdrafts are subject to application, financial circumstances and borrowing history

Get £200 when you open a business bank account and a savings account. Offer applies to new Co-operative Bank customers. Min. balance and transactional criteria applies for the first 3 months. Subject to eligibility, T&Cs apply. Offer may be withdrawn at any time

provider logo

Co-operative Bank

Business Bank Account

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £0.00

  • Overdraft

    Subject to application, eligibility and credit checks


Great for

  • Start-ups and growing businesses looking for free everyday digital banking with an ethical bank. Eligible deposits protected up to £85,000 by the FSCS. Rated 'Excellent' on Trustpilot with over 14,000 reviews
  • Free seamless integration with online accounting software providers, e.g. Sage, Xero, QuickBooks and more, to help save time on financial admin & reporting. No charges for all automated credits, ATM withdrawals and debit card purchases.
  • Customers also get free, unlimited access to the Go Get Paid app - the fast, secure way to request payments & get paid on time. Plus access selected Clover payment terminals for £1 a month for the first 12 months (fees apply)

But be aware that

  • Charges apply for cash and cheque transactions and other special services e.g. foreign and CHAPS payments. You can deposit cash in our branches and the Post Office for £1.50 per cheque or £1.50 per £100 of cash deposited
  • An overdraft arrangement fee applies and where security is required, additional security fees may apply

Digital banking with no account fee for 12 months*. Free accounting software available to business account holders. T&Cs Apply.

provider logo

Lloyds Bank

Business Account For Switchers

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £8.50

  • Overdraft

    Instant decision on up to £25000 limit


Great for

  • Digital banking with no account fee for 12 months. Free accounting software available to business account holders. T&Cs Apply
  • Bank in whatever way suits your business - online, with our mobile app, over the phone or in branch
  • Support from our UK-based relationship team

But be aware that

  • To qualify for this account you need to be a sole trader, partner or company director and be aged 18 or over
  • Lending is subject to status
  • Must not already have a Lloyds Bank business account for this business

provider logo

Monzo

Business Team

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    from £25.00

  • Overdraft

    Rate is negotiable


Great for

  • Tax Pots - automatically put money aside for tax
  • Integrated Accounting/Xero - connect Xero and others for fully up to date bookkeeping
  • Invoicing - create and send invoices

But be aware that

  • Free Business account offer only applies to Monzo Business Lite. Monzo Business Pro is £9/month and Monzo Business Team starts from £25/month.
  • Must be Sole Trader or Director of Limited Company. UK Business Only. T&Cs Apply

24 months free from everyday banking transaction fees. Eligibility criteria apply. Other fees and charges may apply. Full Current Account Switch Service completed within 7 business days, Criteria Apply

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NatWest

Business Current Account

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    No monthly fee

  • Overdraft

    Rate is negotiable


Great for

  • If you meet the offer criteria and are accepted you will get 24 months free from everyday banking transaction fees. After your 24 month free banking period ends, you will be moved to Natwest Standard Tariff.
  • Current Account Switch Service completed within 7 business days (includes your Direct Debits and standing orders). Criteria Apply.
  • As long as you retain your account, you will have access to FreeAgent

But be aware that

  • The switcher offer is not available to existing RBS or Ulster Bank customers and customers must make a full switch using the Current Account Switch service.
  • Applications for a business overdraft are subject to approval. If you apply for credit facilities, security may be required and product fees may apply. Available to eligible customers over 18, who have the right to be self-employed in the UK.
  • The 24 month offer is available to businesses who have a turnover above £1m and have been trading for under or over a year or turnover below £1m and have been trading over a year.

24 months free from everyday banking transaction fees. Eligibility criteria apply. Other fees and charges may apply. Full Current Account Switch Service completed within 7 business days, Criteria Apply

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Royal Bank of Scotland

Business Current Account

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    No monthly fee

  • Overdraft

    Rate is negotiable


Great for

  • If you meet the offer criteria and are accepted you will get 24 months free from everyday banking transaction fees. After your 24 month free banking period ends, you will be moved to RBS Standard Tariff
  • Current Account Switch Service completed within 7 business days (includes your Direct Debits and standing orders). Criteria Apply.
  • As long as you retain your account, you will have access to FreeAgent

But be aware that

  • The 24 month offer is available to businesses which have a projected or existing turnover not exceeding £2m and make a full switch using the Current Account Switch Service. The RBS switch offer is not available to existing Natwest or Ulster Bank customers.
  • Applications for a business overdraft are subject to approval. If you apply for credit facilities, security may be required and product fees may apply.
  • Royal Bank of Scotland business current account is available to eligible customers over 18, who have the right to be employed in the UK. Turnover above £1m or turnover below £1m and have been trading over a year.

Upgrade to Tide Smart and get one month free. Powered by ClearBank

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Tide

Smart

  • Interest Text 2 field

    0% AER interest on in-credit balances

  • Monthly fee

    £14.99 incl VAT

  • Overdraft

    No overdraft facility


Great for

  • Sole Traders, SMEs and Limited Companies. Apply online in minutes with easy set up all in one place. No credit checks or paperwork needed. Up to £85,000 of your eligible deposits protected by the FSCS
  • Control and simplify team spend with 1 free Expense Card. 25 free transfers in & out per month. Trademark filing support, attach receipts all in the app. Syncs with your accounting software
  • All your business finance admin needs in one secure app. Set up direct debits, categorise your transactions and create and manage invoices all via the app. Seamless integration with Sage, QuickBooks, Xero and more for easy reporting

But be aware that

  • Monthly fee of £14.99 inclusive of VAT
  • Cash deposits via the Post Office cost £2.50 for deposits up to £500 or 0.5% of the total deposit amount for deposits over £500. 0.5% cashback does not apply to this account
  • Tide Business accounts are provided by ClearBank

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Virgin Money

M Account for Business

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £0.00

  • Overdraft

    Rate is Negotiable


Great for

  • Free day-to-day online business banking (excluding CHAPS and international payments)
  • Earn 0.25% Cashback on debit card purchases. Terms and exclusions apply
  • Manage all your business data in one place using Virgin Money's M-Track insights platform. Link up your business to market leading tools, such as Sage, Xero, Google, Shopify and more, to track them from one simple dashboard

But be aware that

  • Designed for businesses with an annual turnover less than £1m
  • Must be based and operate in the UK (excluding Channel Islands, Isle of Man and Northern Ireland)
  • All owners, directors, senior managers and account signatories must be over 18 years old

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Virgin Money

Business Current Account

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    £6.50

  • Overdraft

    Rate is negotiable


Great for

  • Debit Card Cashback - automatically earn up to £500 per calendar year when using your Debit Card for purchases. Some exclusions apply
  • If you’re a new business or just new to Virgin Money, you could qualify for 25 months free day-to-day banking when you open or switch to this business current account
  • Digital Money Management Tools - helping you manage cash flow, budgets and invoices

But be aware that

  • You must have a turnover of less than £6.5m per annum
  • Must be based and operate in the UK (excluding Channel Islands, Isle of Man and Northern Ireland)
  • All owners, directors, senior managers and account signatories must be over 18 years old

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Zempler Bank

Business Bank Account

  • Interest

    0% AER interest on in-credit balances

  • Monthly fee

    No monthly fee

  • Overdraft

    on Account Application


Great for

  • Fast sign up - apply in minutes. No monthly or annual fees. FSCS protected up to £120,000 on eligible deposits
  • Manage your account 24/7 in-app and online tools. Helpful UK telephone customer service.
  • Made for small businesses. In-app and online tools that take the effort out of money admin like cashflow tracking and integrated accounting.

But be aware that

  • Eligibilty criteria apply, for UK businesses only, 18+ and UK resident.
  • First 3 payments sent each month are FREE & £0.35 for every transfer thereafter. Card transactions in the UK are FREE
  • Overdraft available subject to approval.

Account opening criteria

High Interest, Package, Reward & Standard current accounts

  • You must be 18 years of age or older

  • You must not have been declared Bankrupt or have registered for an Individual Voluntary Agreement within the last six years or be in the process of doing so (Does not apply to M&S Bank)

  • You are a UK resident

Student accounts

  • You’re aged 18 years or over

  • You’ve been accepted onto a full-time UCAS course at a UK institution for at least 2 years

  • You don’t already have a student account with another Banking institution

Children’s accounts

  • You must be aged between 11 and 18 years old

  • You must be living permanently in the UK

Credit building

  • You must be aged 18 or over to apply

  • You must have a residential address in the UK

Before applying, please always check each bank's specific opening criteria on their website.

Reviewed on 12 Dec 2025