Best Business Bank Accounts of 2026

Choosing the right business bank account can save your company time, fees and admin. Whether you are a sole trader, limited company, startup or growing SME, the best account for you will depend on how your business gets paid, how often you make transfers, whether you need to deposit cash, and whether you want extras such as accounting software integrations, invoicing tools, overdrafts or a dedicated relationship manager.

On this page, we compare leading UK business current accounts by monthly fees, transaction costs, eligibility, FSCS protection, app features, cash deposit options and other important features.

Best Business Bank Accounts Summary

• Best overall business account: Starling Bank - consistently strong across fees, features and reliability, with a free core account that works for most small businesses without needing to upgrade
• Best free business bank account: Starling Bank and Mettle - both are genuinely free rather than conditionally free, though Mettle wins if FreeAgent is your priority and Starling wins if you need more flexibility
• Best for sole traders: Mettle - FreeAgent included, no monthly fee and a simple setup make it hard to beat for sole traders who operate digitally
• Best for startups: Starling Bank and Tide - Starling for a robust free account from day one, Tide if you want built-in invoicing and admin tools as your business finds its feet
• Best for established SMEs: Allica Bank - relationship banking with a challenger bank edge, cashback on spend and a fee-free account for businesses that maintain a healthy balance
• Best high-street account: HSBC and NatWest - HSBC for international reach and breadth of services, NatWest for the generous free banking period and FreeAgent inclusion
• Best app-first account: Starling Bank and Monzo - both offer polished app experiences with strong feature sets; Starling edges ahead for most businesses, Monzo for those who prefer its interface
• Best for accounting tools: Mettle and Tide - Mettle includes FreeAgent at no cost, while Tide integrates with the widest range of accounting platforms
• Best for international payments: Wise and Revolut - both offer multi-currency accounts, competitive FX rates and the kind of international infrastructure that traditional banks can't match on price
• Best for cash deposits: HSBC and NatWest - extensive branch and Post Office networks make them the most practical choice for businesses that regularly handle cash
• Best for charities and community groups: The Co-operative Bank - a natural fit given its ethical positioning and dedicated accounts for not-for-profit organisations

We ordered these providers based on how useful they are likely to be for a broad range of small businesses, considering monthly fees, everyday payment costs, FSCS protection or safeguarding, eligibility, cash deposit options, accounting integrations, international payment features, overdraft availability and overall suitability for different business types. Commercial partnerships do not determine the order of this list.

Some providers in this guide are UK-authorised banks with FSCS protection. Others are e-money institutions or payment firms, where customer money is usually safeguarded rather than FSCS protected. Safeguarding is not the same as FSCS deposit protection.

This page is for information only and is not financial advice. Account fees, eligibility and features can change, so always check the provider’s terms before applying.

Starling Bank Business Current Account

Best for: Sole traders and limited companies that want a genuinely free business bank account, strong app tools and no pressure to upgrade.

Potential drawbacks: Cash-heavy businesses will find the Post Office deposit fees add up quickly. A handful of sectors are excluded at application, so it's worth checking eligibility before you apply.

Key features: Free core GBP account, invoicing, accounting integrations, Spaces for budgeting, desktop banking, and optional multi-currency accounts for businesses trading in euros or dollars.

• Monthly fees: The core GBP account is free. Business Toolkit (bookkeeping tools) and Bulk Payments are each £7/month. EUR and USD accounts cost an additional £2 and £5/month respectively.
• Bank transfers: UK payments in and out are free on the core account.
• ATM withdrawals: Free at UK cash machines. Foreign ATM use may carry currency conversion charges.
• International payments: EUR and USD accounts are available as paid add-ons. Currency conversion fees apply on international payments.
• Accounting integrations: Yes, accounting integrations and bookkeeping tools through Business Toolkit.
• Number of users: Multiple directors and team members can be added, subject to your business structure.
• FSCS protection: Yes.
• Cash/cheque deposits: Cash can be deposited at the Post Office, charged as a percentage of the deposit with a minimum fee. Cheques can be paid in via the app or freepost.
• Overdraft available: Yes, subject to eligibility and approval.

Eligibility: Available to sole traders, limited companies and LLPs. Starling applies sector restrictions and may decline cash-intensive businesses or complex ownership structures.

See more on the Starling Bank website

More info

Tide Business Bank Accounts

Best for: Freelancers, contractors and small businesses that want quick setup, solid invoicing tools and an account that grows with them through paid tiers.

Potential drawbacks: The free plan looks appealing, but transfer fees, cash deposit charges and international payment costs can mount if your business is transaction-heavy. It's worth stress-testing the numbers against your actual usage before committing.

Key features: Invoicing, expense tracking, payment links, team expense cards, accounting integrations and a tiered plan structure that lets you unlock more features as your business grows.

• Monthly fees: Four plans - Free (£0), Smart (£12.49), Pro (£24.99) and Max (£69.99).
• Bank transfers: The Free plan includes a small allowance, then around 20p per transfer. Paid plans include larger monthly allowances.
• ATM withdrawals: Around £1 per UK withdrawal. Foreign ATM use may also carry FX or card charges depending on plan.
• International payments: Available across plans, though FX costs are higher on the Free tier.
• Accounting integrations: Xero, Sage, QuickBooks, FreeAgent, Coconut, KashFlow, ClearBooks and Crunch.
• Number of users: Multi-user and team card access available, particularly on paid plans.
• FSCS protection: Yes, where the account is held through Tide's banking partner ClearBank.
• Cash/cheque deposits: Cash deposits available at Post Office and PayPoint locations.
• Overdraft available: No overdraft. Tide does offer separate business finance products.

Eligibility: Suited to sole traders, freelancers, contractors and small limited companies. Applicants need to be UK-based, pass identity and business checks, and operate in an accepted sector. Higher-risk industries may be declined.

See more on the Tide website

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Monzo Business Bank Accounts

Best for: Sole traders and limited company directors who want a clean, well-designed app experience and access to useful features like tax pots and invoicing without paying for a full-service bank.

Potential drawbacks: Eligibility is narrower than most high-street banks; partnerships, charities and businesses with complex structures are generally not accepted. Some features that feel like basics (team access, bulk payments) sit behind a paid plan.

Key features: Tax pots, invoicing, accounting integrations, team access, expense cards, bulk payments and both app and web access.

• Monthly fees: Lite (free), Pro (£9/month) and Team (from £25/month).
• Bank transfers: UK bank transfers, standing orders and Direct Debits are free across all plans.
• ATM withdrawals: Free in the UK and EEA. Outside the EEA, the first £200 in a rolling 30-day period is free, then 3% applies.
• International payments: Outbound international payments are powered by Wise (you'll need a Wise account). Fees apply for receiving or converting foreign currency.
• Accounting integrations: Xero, Sage, FreeAgent and QuickBooks.
• Number of users: One user on Lite, three on Pro, up to 15 on Team (six included, then £5/user/month).
• FSCS protection: Yes.
• Cash/cheque deposits: £1 per cash deposit at any PayPoint or Post Office branch.
• Overdraft available: Sole traders only. Business loans are available for both sole traders and limited companies, subject to eligibility.

Eligibility: Available to sole traders and limited company directors. Not suitable for partnerships, charities, trusts, public companies, businesses with complex ownership or those operating in restricted sectors.

See more on the Monzo website

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Mettle Business Bank Account

Best for: Sole traders, freelancers and very small limited companies who want genuinely free banking with FreeAgent built in from day one.

Potential drawbacks: Single-user access is a real limitation, even if your business has two owners, only one can access the account. There's no cash deposit support, no international payments and no overdraft, so Mettle works best when your business operates digitally and doesn't need financial headroom.

Key features: FreeAgent included at no extra cost, invoicing, receipt capture, tax pots, savings pots and both app and web banking.

• Monthly fees: The core account is free. Mettle+ is £4 per month.
• Bank transfers: Everyday UK payments are free.
• ATM withdrawals: Free.
• International payments: Not supported. No IBAN available.
• Accounting integrations: FreeAgent is included.
• Number of users: One user only, even if you have two directors.
• FSCS protection: Yes.
• Cash/cheque deposits: Not supported.
• Overdraft available: No.

Eligibility: Open to sole traders and limited companies with up to two owners. Applicants must meet UK residency and tax requirements. Not suitable for businesses that need multiple users, branch banking, partnerships or complex ownership arrangements.

See more on the Mettle website

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Zempler Bank Business Accounts

Best for: Small businesses that want digital-first banking with the practical option to deposit cash, a combination that's harder to find among app-only providers.

Potential drawbacks: The free tier's transfer allowance is limited, so businesses with regular outgoing payments may find the per-transaction costs creep up. Cash deposit fees are also worth factoring in if that's a regular need.

Key features: App and online banking, Post Office cash deposits, accounting integrations, invoicing, savings pots and cashback on higher-tier plans.

• Monthly fees: Business Go (£0), Business Extra (£9) and Business Pro (£19).
• Bank transfers: Business Go includes limited free outgoing payments, with per-payment charges above the allowance. Business Pro includes a much larger monthly allowance.
• ATM withdrawals: Fees vary by plan. Lower tiers may charge; higher tiers may include some free UK withdrawals.
• International payments: Available on some plans, with fees depending on currency and account tier.
• Accounting integrations: Yes.
• Number of users: Multi-user and additional card options available depending on plan.
• FSCS protection: Yes.
• Cash/cheque deposits: Cash deposits available at the Post Office, charged as a percentage of the deposit with a minimum fee. Cheque support is more limited than with traditional high-street banks.
• Overdraft available: Subject to eligibility.

Eligibility: Suitable for sole traders, limited companies, partnerships and some charities. Applicants must be UK resident, pass identity checks and operate in an accepted sector.

See more on the Zempler Bank website

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Allica Bank Business Rewards Account

Best for: Established SMEs with meaningful cash balances that want more than a transactional account, think relationship banking with a challenger bank mindset.

Potential drawbacks: The £10,000 average monthly balance requirement will rule this out for many smaller or early-stage businesses. There's no cash or cheque deposit support, and international payments aren't a core feature.

Key features: Dedicated relationship manager, cashback on card spend, savings pots, bulk payments, accounting integrations, dual authorisation and multi-user access.

• Monthly fees: Free if your average monthly balance stays above £10,000, or you hold an active loan product with Allica. £25/month if it falls below £10,000 in the previous month.
• Bank transfers: Up to 150 free Faster Payments per month after which a £0.12 fee applies per payment. Bacs payments are free. CHAPS payments cost around £20.
• ATM withdrawals: Free UK and overseas withdrawals, with a daily limit of £750.
• International payments: Outbound international payments are powered by Wise, where Wise transfer fees and exchange rates apply. No additional fees from Allica.
• Accounting integrations: Xero and Sage.
• Number of users: Multiple users supported, with dual authorisation and user permission controls.
• FSCS protection: Yes.
• Cash/cheque deposits: Not supported.
• Overdraft available: Yes up to £2 million, subject to further eligibility. Allica also offers separate business lending products.

Eligibility: Aimed at established SMEs, so it may not be suitable for newer businesses. To apply, your business will typically need to have been incorporated for at least 12 months and either keep a balance of at least £50,000 in the account or already have an active lending product with Allica, such as a loan or overdraft.

See more on the Allica Bank website

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OakNorth Bank Business Current Account

Best for: Larger SMEs, growth-stage businesses and property companies that need structured multi-user controls, high payment volumes and a fee-free core account.

Potential drawbacks: The eligibility bar is high; businesses generally need turnover above £1 million or a planned deposit of at least £50,000. It's not designed for sole traders or early-stage startups, and cash deposits aren't supported.

Key features: Multi-entity management, user permissions, approval workflows, bulk payments, accounting integrations and savings vaults.

• Monthly fees: No monthly account fees.
• Bank transfers: Faster Payments and CHAPS are positioned as fee-free.
• ATM withdrawals: Cash withdrawals are positioned as fee-free; replacement card fees may apply after a free annual allowance.
• International payments: International payments are available for some payment types. Contact OakNorth directly for current fee details.
• Accounting integrations: Xero, Sage and NetSuite.
• Number of users: Multiple users supported with permissions, approval flows and multi-entity management.
• FSCS protection: Yes.
• Cash/cheque deposits: Cash and cheque deposits are not supported.
• Overdraft available: Not on the standard current account. OakNorth offers separate business lending.

Eligibility: Aimed at established businesses and larger SMEs. Businesses typically need turnover above around £1 million or a planned deposit of at least £50,000.

See more on the OakNorth Bank website

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HSBC Business Current Accounts

Best for: Businesses that need the full range of traditional banking, including branch access, lending, international payments, relationship support and a name that carries weight with suppliers and investors.

Potential drawbacks: The fee structure is more layered than most challenger banks, and services like cash, cheque, branch-based transactions and international payments each carry their own charges. It is worth mapping your expected usage before you commit.

Key features: Branch and Post Office access, app banking, relationship management, business lending, international payment services and specialist account options.

• Monthly fees: The Small Business Banking Account is free. The Business Banking Account fee structure depends on your tariff, after any introductory period.
• Bank transfers: Digital domestic transactions are generally low-cost or free on small-business products. Manual, branch and paper-based transactions carry fees.
• ATM withdrawals: Available. Fees depend on transaction type, location and account tariff.
• International payments: Strong international capability, with fees for transfers, currency services and overseas banking.
• Accounting integrations: Available depending on account type and business tools.
• Number of users: Multiple users and signatories supported.
• FSCS protection: Yes.
• Cash/cheque deposits: Available through branches and the Post Office, with fees.
• Overdraft available: Yes, subject to approval.

Eligibility: The Small Business Banking Account suits smaller UK businesses. The Business Banking Account is aimed at larger SMEs or businesses with more complex needs. HSBC also supports charities, international businesses and companies needing lending or relationship management.

See more on the HSBC website

More info

NatWest Business Bank Accounts

Best for: Startups and SMEs that want the reassurance of a major high-street bank, especially if you are looking for a long free banking period and access to FreeAgent accounting software.

Potential drawbacks: The standard tariff that kicks in after the free period can be complex, and account opening delays have been reported at times due to high demand. It is worth being realistic about the post-free-period costs before switching.

Key features: FreeAgent integration, branch and Post Office access, online and app banking, switching support and a wide range of lending options.

• Monthly fees: Standard pay-as-you-use tariffs apply after introductory two years' free banking offer.
• Bank transfers: Everyday digital transactions are typically included during free banking periods. Standard tariffs apply afterwards.
• ATM withdrawals: Available, with charges depending on transaction type and tariff.
• International payments: Available, with fees. Business currency accounts are also offered.
• Accounting integrations: FreeAgent is the headline integration.
• Number of users: Multiple users and relationship support available, scaled to business size.
• FSCS protection: Yes.
• Cash/cheque deposits: Available through branches and the Post Office, with fees.
• Overdraft available: Yes, subject to approval.

Eligibility: The Start-up Account suits newer businesses within NatWest's defined trading threshold. The Business Account is for established businesses or higher-turnover SMEs. A community account is available for eligible not-for-profit organisations.

See more on the NatWest website

More info

Barclays Business Bank Account

Best for: Businesses that want the credibility and services of a major high-street bank, with a 12-month fee-free period to get started.

Potential drawbacks: Barclays has faced criticism over some business account closures in recent years. The full tariff, especially for cash and cheque use, is worth reading carefully before opening.

Key features: Branch access, app and online banking, a business debit card, borrowing products and a dedicated charity account option.

• Monthly fees: Free for the first 12 months for eligible new customers, then around £8.50/month.
• Bank transfers: Basic UK electronic transactions are generally low-cost. Full tariff details should be checked before applying.
• ATM withdrawals: Available, with fees depending on transaction type and tariff.
• International payments: Available, with fees.
• Accounting integrations: Available depending on account setup and current offers.
• Number of users: Multiple signatories and business users supported.
• FSCS protection: Yes.
• Cash/cheque deposits: Available, with fees.
• Overdraft available: Yes, subject to approval.

Eligibility: Open to startups, sole traders, partnerships, limited companies and established SMEs, subject to checks. Particularly relevant for businesses needing branch access, lending options or a charity account.

See more on the Barclays website

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Lloyds Bank Business Bank Account

Best for: Small businesses that want a well-known high-street bank with solid digital tools and a year of fee-free banking to ease the transition.

Potential drawbacks: A monthly fee applies after the first year, and some transaction charges kick in from account opening rather than after the free period. Fee changes were also flagged from July 2026, so it is worth checking the latest tariff directly with Lloyds.

Key features: App and online banking, business debit cards, multi-user access, business support tools and access to wider Lloyds banking products.

• Monthly fees: Free for the first 12 months for eligible customers, then £8.50/month.
• Bank transfers: Free to receive, first 100 sent a month are free, then 20p each after that.
• ATM withdrawals: Available, with fees depending on usage and tariff.
• International payments: Available, with fees.
• Accounting integrations: Available through Lloyds business tools and supported accounting workflows.
• Number of users: Multiple users and access controls available.
• FSCS protection: Yes.
• Cash/cheque deposits: Cash deposits cost 85p for every £100 and cheques 85p at an Immediate Deposit Machine. Or £1.50 for every £100 (cash)or £1 (cheque) over the counter.
• Overdraft available: Yes, you could apply for up to £5,000 across a business overdraft or business credit card, subject to approval.

Eligibility: Suited to startups, sole traders, small businesses and limited companies wanting high-street banking. Applicants need to be UK-based and pass identity, business and credit checks.

See more on the Lloyds Bank website

More info

Santander Business Current Account

Best for: Small businesses that deal in cash, need Post Office banking or want the option of a relationship manager from a traditional bank.

Potential drawbacks: The ownership structure rules are strict, generally limited to two directors, owners or partners, which rules out many limited companies. Legacy fee changes have caused frustration for some existing customers.

Key features: Branch and Post Office banking, cash deposit options, overdrafts, business managers and not-for-profit account options.

• Monthly fees: The Classic Business Current Account is £9.99/month. The Treasurer's Current Account has different charging rules.
• Bank transfers: Digital payments supported. Fees depend on account and tariff.
• ATM withdrawals: Available. Santander cash machines include a monthly free cash deposit allowance, with charges above that.
• International payments: Available, with fees.
• Accounting integrations: Less of a focus here compared with digital challengers. Contact Santander for details on available integrations.
• Number of users: Generally supports up to two directors, owners or partners.
• FSCS protection: Yes.
• Cash/cheque deposits: Cash available through Santander cash machines, branches and the Post Office. Cheque deposits available, with fees.
• Overdraft available: Yes, subject to approval.

Eligibility: Open to sole traders, partnerships, LLPs and private limited companies with simple ownership structures. Generally restricted to businesses with no more than two directors, owners or partners. All owners and directors must be UK resident and aged 18 or over.

See more on the Santander website

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Metro Bank Business Bank Accounts

Best for: Businesses that genuinely value face-to-face banking, particularly those in areas with a Metro Bank store who want a local point of contact.

Potential drawbacks: You need to maintain the required minimum balance to avoid the monthly fee. Metro Bank has also faced regulatory scrutiny in the past, which is worth factoring into your decision. Its store network is concentrated in London and the South East.

Key features: Store and branch banking, local business managers, overdrafts, payment services and commercial banking for larger businesses.

• Monthly fees: Free if the required minimum balance of £6,000 is maintained each month. £8 per month if it is not.
• Bank transfers: Includes a monthly allowance of free UK transactions when the balance condition is met. Charges apply above the allowance or if the condition is not met.
• ATM withdrawals: Available. Fees may apply, particularly for overseas use.
• International payments: Available on commercial accounts, with fees including SWIFT and CHAPS charges.
• Accounting integrations: Contact Metro Bank for details on available integrations.
• Number of users: Multi-user and business banking support available.
• FSCS protection: Yes.
• Cash/cheque deposits: Available through stores and branches, with fees.
• Overdraft available: Yes, subject to approval.

Eligibility: The Business Bank Account is aimed at startups, sole traders and limited companies with turnover below around £2 million. The Commercial Current Account suits larger businesses with more complex needs.

See more on the Metro Bank website

More info

The Co-operative Bank Business Bank Accounts

Best for: Ethically minded businesses, SMEs, charities and community organisations that want a bank whose values align with their own.

Potential drawbacks: Choosing the right account here really depends on how your business operates. Cash and cheque-heavy businesses will find the cost difference between account tiers significant, so it is worth doing the maths before picking a plan.

Key features: Ethical banking positioning, app and online banking, accounting integrations, payment tools, overdrafts and specialist accounts for charities and community groups.

• Monthly fees: Business Bank Account (£0), Business Bank Account Plus (around £10/month) and Business Directplus (around £7/month after an introductory 30 month free banking period).
• Bank transfers: Digital payments supported. Charges depend on account and tariff.
• ATM withdrawals: Available, with charges depending on account and usage.
• International payments: Available, with fees.
• Accounting integrations: Yes.
• Number of users: Multiple-user and access arrangements available.
• FSCS protection: Yes.
• Cash/cheque deposits: Available. Charges vary significantly by account tier, with paid accounts generally offering lower cash and cheque transaction costs.
• Overdraft available: Yes, subject to approval.

Eligibility: Multiple accounts offered (including specialist accounts), suitable for SMEs, FSB members, charities and community organisations. Account suitability depends heavily on whether your business primarily uses cash, cheques or digital payments.

See more on the The Co-operative Bank website

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Virgin Money Business Current Accounts

Best for: Businesses wanting a traditional bank account with a generous free banking period, cashback rewards and digital tools, particularly if you are comfortable navigating the transition to Nationwide.

Potential drawbacks: Product suitability varies by turnover, so it is worth checking which account you would qualify for. The ongoing Nationwide integration adds some complexity for businesses with deposits across both brands, particularly around FSCS limits.

Key features: Cashback, digital banking, accounting integrations, digital cheque deposit tools and a competitive introductory offer for switchers.

• Monthly fees: M Account for Business (£0), Business Current Account (around £6.50/month after the introductory 25 months free banking period), Business Choice Account (tariff-based).
• Bank transfers: Digital payments supported. Pricing depends on account and tariff.
• ATM withdrawals: Available, with fees depending on account, usage and location.
• International payments: Available, though not as strong as dedicated multi-currency providers.
• Accounting integrations: Xero and Sage.
• Number of users: Multi-user support available depending on account setup.
• FSCS protection: Yes, though businesses should check combined FSCS limits given Virgin Money's transfer to Nationwide.
• Cash/cheque deposits: Available, including digital cheque deposit tools.
• Overdraft available: Yes, subject to status.

Eligibility: Open to UK-based businesses, with different accounts aimed at different turnover levels. M Account for Business suits smaller businesses. The Business Current Account and Business Choice Account serve broader or higher-turnover needs.

See more on the Virgin Money website

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Royal Bank of Scotland Business Bank Accounts

Best for: Scottish businesses and UK companies that want the backing of a major banking group with digital tools, FreeAgent included and up to two years of free everyday banking.

Potential drawbacks: The proposition is very similar to NatWest, unsurprisingly given they are part of the same group. Standard tariffs after the free period can be complex, so it is worth running the numbers for your expected usage before the free banking window closes.

Key features: FreeAgent included, app and online banking, branch and phone support, relationship management and a range of business lending options.

• Monthly fees: Standard pay-as-you-use tariffs apply after introductory two years' free banking offer.
• Bank transfers: Digital payments supported. Charges depend on tariff after the free period.
• ATM withdrawals: Available, with charges depending on usage and tariff.
• International payments: Available, with fees. Currency accounts are offered
• Accounting integrations: FreeAgent is the headline integration.
• Number of users: Multiple users and relationship management available for eligible businesses.
• FSCS protection: Yes.
• Cash/cheque deposits: Available, with charges.
• Overdraft available: Yes, subject to approval.

Eligibility: The Start-up Account suits newer and smaller businesses. The Business Account is aimed at established or higher-turnover companies. A Community Account is available for eligible charities, clubs and societies.

See more on the Royal Bank of Scotland website

More info

Bank of Scotland Business Bank Account

Best for: Scottish businesses wanting a familiar high-street name with branch, phone, app and online access, and up to 12 months of free everyday banking.

Potential drawbacks: Monthly fees apply after the free period, and some transaction charges are worth watching if your business has high cash or cheque volumes.

Key features: Branch, phone, app and online banking, business debit cards, multi-user access and access to wider Lloyds Banking Group products.

• Monthly fees: Free for the first 12 months for eligible customers, then a monthly fee of £8.50 applies.
• Bank transfers: Free to receive, first 100 sent a month are free, then 20p each after that.
• ATM withdrawals: Available, with fees depending on usage and tariff.
• International payments: Available, with fees.
• Accounting integrations: Available.
• Number of users: Multiple users supported.
• FSCS protection: Yes.
• Cash/cheque deposits: Cash deposits cost 85p for every £100 and cheques 85p at an Immediate Deposit Machine. Or £1.50 for every £100 (cash)or £1 (cheque) over the counter.
• Overdraft available: Yes, you could apply for up to £5,000 across a business overdraft or business credit card, subject to approval.

Eligibility: Suited to sole traders, small businesses and limited companies. Applicants need to be UK-based and pass standard identity and business checks.

See more on the Bank of Scotland website

More info

TSB Business Plus Account

Best for: Existing TSB customers looking for a straightforward business current account with a long introductory free banking period.

Potential drawbacks: TSB are currently only accepting applications from existing personal customers, so if you don't already bank with TSB, this one isn't an option at the moment.

Key features: Business app, internet banking, text alerts, ATM access and 30 months of free day-to-day banking for eligible customers.

• Monthly fees: Free for the first 30 months and ongoing if your balance stays over £10,000. A £5 fee is charged if your balance drops below £10,000 after the 30 months free banking period.
• Bank transfers: Electronic payments such as UK sterling Direct Debits, standing orders and Faster Payments are free during the 30 months and after.
• ATM withdrawals: Available. Charges for local and foreign ATM use depend on tariff and usage, so it's worth checking directly with TSB for the current rates.
• International payments: Available, with fees.
• Accounting integrations: Xero, QuickBooks, Sage & FreeAgent supported.
• Number of users: Standard business account access available. Contact TSB for details on multi-user arrangements.
• FSCS protection: Yes.
• Cash/cheque deposits: Costs 70p for each cheque and per £100 of cash.
• Overdraft available: Yes, subject to approval.

Eligibility: Currently limited to existing TSB personal customers. Best suited to straightforward small business banking needs rather than complex structures or high transaction volumes.

See more on the TSB website

More info

Cynergy Bank Business Current Account

Best for: UK limited companies, LLPs and partnerships that want a clean online account with interest on balances and a fee-free first year.

Potential drawbacks: Not available for sole traders, and there are charges for cash withdrawals and deposits so one to look out for if your business handles any amount of cash.

Key features: Online banking, interest on balances, bulk payments and support for selected international payments.

• Monthly fees: Free for the first 12 months, then around £5/month.
• Bank transfers: GBP Faster Payments, Direct Debits, standing orders and debit card payments are positioned as free.
• ATM withdrawals: 1.5% withdrawal fee (minimum £1.50) for both UK and non-UK withdrawals.
• International payments: Selected international payments supported. CHAPS, SWIFT and SEPA payments cost £6 each.
• Accounting integrations: Sage.
• Number of users: Up to 10 named individuals, including partners, directors and shareholders.
• FSCS protection: Yes.
• Cash/cheque deposits: Cash can be deposited (and withdrawn) at HSBC branches for 65p per £100. Cheque deposits are free.
• Overdraft available: No.

Eligibility: Open to limited companies, LLPs and partnerships. Not suitable for sole traders, charities, trusts, non-UK businesses, money service businesses, payment service providers or certain higher-risk sectors.

See more on the Cynergy Bank website

More info

Revolut Business Accounts

Best for: Businesses with international suppliers, overseas customers or distributed teams that need multi-currency accounts, competitive FX rates and granular spend controls.

Potential drawbacks: Pricing and plan allowances can be complex, so it is worth mapping your expected usage against each tier before committing. Revolut is not set up for branch access, cash deposits or simple domestic banking. Businesses should also check their specific account terms and FSCS protection status, as Revolut's transition to full UK banking authorisation means some accounts may still be in transition from e-money arrangements.

Key features: Multi-currency accounts, international payments, business cards, spend controls, team permissions, analytics, API access and accounting integrations.

• Monthly fees: Basic from around £10/month, Grow from around £30/month, Scale from around £90/month and Enterprise on custom pricing.
• Bank transfers: Domestic and international payment allowances vary by plan. Fees apply above monthly allowances.
• ATM withdrawals: Fees may apply depending on plan and usage. Check the current rates for your chosen plan directly with Revolut.
• International payments: Strong international capability. Multi-currency accounts, FX allowances and international transfers are core features, though fees apply above plan limits (0.6% fee over plan limits & 1% fee outside market hours).
• Accounting integrations: Yes.
• Number of users: Multiple users supported with permissions, cards and approval workflows depending on plan.
• FSCS protection: Revolut recently received UK banking authorisation, though businesses should check their specific account terms and protection status before applying.
• Cash/cheque deposits: Not supported.
• Overdraft available: No.

Eligibility: Aimed at incorporated businesses with domestic or international payment needs. Sole traders are generally not supported through the main UK business product route. Businesses must pass verification and may be declined if they operate in restricted industries.

See more on the Revolut website

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Wise Business Account

Best for: Businesses that regularly send, receive or hold money in multiple currencies, particularly those with overseas clients, international suppliers or cross-border payment needs.

Potential drawbacks: Wise is not a full domestic UK business current account. There is no branch access, no cash or cheque deposits and no overdraft facility. It works best as a complement to a domestic account rather than a standalone replacement for most UK businesses.

Key features: Multi-currency balances, local account details in multiple currencies, transparent FX pricing, international payments, batch payments, business cards and accounting integrations.

• Monthly fees: No monthly subscription. A one-off setup fee of around £50 unlocks full account details and features.
• Bank transfers: Receiving domestically is often free. Sending and converting money is charged at a percentage fee, which varies by currency and payment route.
• ATM withdrawals: The first two withdrawals within the monthly free allowance are free. Fixed and percentage fees apply above that.
• International payments: Wise supports multi-currency balances, local account details and international transfers across a wide range of currencies.
• Accounting integrations: Xero, QuickBooks, FreeAgent, Zoho Books, Oracle NetSuite, Capium, Pandle, QuickFile, Odoo, Ember, FreshBooks, ClearBooks and Bonsai.
• Number of users: Team cards and user access features are available.
• FSCS protection: Wise is an e-money institution, so customer funds are safeguarded rather than FSCS protected.
• Cash/cheque deposits: Not supported.
• Overdraft available: No.

Eligibility: Suitable for businesses that send, receive or hold money internationally. Particularly useful for importers, exporters, agencies, freelancers with overseas clients, ecommerce businesses and companies paying international suppliers. Less suited to cash-heavy businesses or those needing a traditional overdraft.

See more on the Wise website

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Equals Multi-Currency Business Account

Best for: Businesses that need multi-currency accounts, employee spend controls, international payment workflows and a more treasury-style approach to managing money across borders.

Potential drawbacks: Equals is more of a payments and spend-management platform than a traditional domestic current account. Pricing is volume-based and requires a conversation with their sales team, which makes upfront cost comparison harder than with self-serve providers.

Key features: Multi-currency accounts, employee cards, expense controls, international payments and treasury-style tools.

• Monthly fees: Custom pricing starting from £25 per month or £250 per year.
• Bank transfers: Transfer and payment pricing depends on plan and usage. Contact Equals for a detailed breakdown.
• ATM withdrawals: £1.50 per card cash withdrawal.
• International payments: Strong international and multi-currency capability. Fees vary by currency, payment route and volume.
• Accounting integrations: Xero (with 75% off for six months available via your Equals account for new Xero customers), or Concur Expense.
• Number of users: Multiple users supported through employee cards, spend controls and business permissions.
• FSCS protection: Equals is an e-money institution, so customer funds are safeguarded rather than FSCS protected.
• Cash/cheque deposits: Not supported.
• Overdraft available: No.

Eligibility: Suitable for businesses that have been trading for two or more years, needing multi-currency payments, employee expense cards, spend management and international payment workflows. Less suited to sole traders or small domestic businesses that want a basic current account.

See more on the Equals website

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Airwallex Business Accounts

Best for: Ecommerce businesses, importers, exporters and companies with global payment needs that want local receiving accounts, multi-currency cards and strong international payout capability.

Potential drawbacks: Airwallex is not a traditional UK branch-based current account. Plan fees and payment pricing may be more than a purely domestic business needs, so it is worth reviewing whether the international features justify the cost for your business.

Key features: Global accounts, multi-currency cards, local receiving accounts in multiple currencies, international payouts, approval workflows and accounting integrations.

• Monthly fees: Explore is free if you maintain or deposit £10,000 per month, otherwise around £19/month. Grow is around £49/month. Accelerate starts from around £999/month.
• Bank transfers: Payment fees depend on plan, payment route and usage
• ATM withdrawals: Not supported.
• International payments: Very strong. Airwallex supports global accounts, multi-currency payments, local receiving accounts and international payouts across a wide range of currencies.
• Accounting integrations: Sage, Xero, Oracle NetSuite and Odoo.
• Number of users: Multiple users supported with cards, approvals and permissions
• FSCS protection: Airwallex is an e-money institution, so customer funds are safeguarded rather than FSCS protected.
• Cash/cheque deposits: Not supported.
• Overdraft available: No.

Eligibility: Suitable for ecommerce businesses, importers, exporters, SaaS companies, online marketplaces and businesses with international suppliers or customers. Less suited to purely local small businesses that only need straightforward domestic payments.

See more on the Airwallex website

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ANNA Money Business Accounts

Best for: Freelancers, small businesses and company directors who want banking-style features bundled with invoicing, bookkeeping and tax admin tools in one place.

Potential drawbacks: The main account is not FSCS protected, so it is worth understanding the safeguarding model before applying. The Pay As You Go plan's commission structure on incoming payments can become expensive as revenue grows, so businesses receiving larger amounts regularly may find a paid plan better value.

Key features: Invoicing, receipt capture, bookkeeping, tax reminders, payment links, pots, virtual cards and team access.

• Monthly fees: Pay As You Go is £0/month but charges 0.95% on all incoming payments. Business is around £22.90 plus VAT/month. Big Business is around £59.90 plus VAT/month.
• Bank transfers: Paid plans include a monthly allowance of free local transfers, then 20p per transfer above the allowance. Pay As You Go charges 0.95% on all payments in.
• ATM withdrawals: Fees may apply depending on plan and usage. Check the current rates for your chosen plan directly with ANNA.
• International payments: International use may involve additional fees. For businesses with significant multi-currency needs, Wise, Airwallex or Revolut are likely to be more competitive.
• Accounting integrations: ANNA includes built-in bookkeeping, invoicing, receipt capture and tax admin tools.
• Number of users: Team access available for eligible limited companies and LLPs, depending on plan.
• FSCS protection: No. ANNA is not a bank, so customer funds are safeguarded. Some separate savings products may carry FSCS protection where provided by a partner bank.
• Cash/cheque deposits: Cash deposits may be available with fees. Cheque support is limited.
• Overdraft available: No. Finance options are available through ANNA's lending partners.

Eligibility: Suitable for sole traders, UK company directors registered at Companies House and LLP partners. Aimed at small businesses, freelancers and micro-companies that want banking-style services with built-in admin support. Joint accounts are not offered, and some restricted business activities may not be accepted.

See more on the ANNA Money website

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Countingup Business Accounts

Best for: Sole traders and very small limited companies that want their bookkeeping built directly into their business account, removing the need for separate accounting software.

Potential drawbacks: Countingup is not FSCS protected, and transaction fees apply from day one rather than after a free allowance. Account and payment limits may also become restrictive as your business grows.

Key features: Built-in bookkeeping, invoicing, tax estimates, receipt capture, payment links and tax-focused tools.

• Monthly fees: Free for the first three months, then around £3 to £18/month depending on deposit volumes and account usage.
• Bank transfers: 30p per transfer.
• ATM withdrawals: £1 per withdrawal.
• International payments: Foreign transactions carry a fee of around 3%.
• Accounting integrations: Countingup has built-in bookkeeping and accounting-style features rather than relying on third-party integrations.
• Number of users: Designed primarily for single-user or very limited-user access, suited to sole traders and small limited companies.
• FSCS protection: Countingup is an e-money institution, so customer funds are safeguarded rather than FSCS protected.
• Cash/cheque deposits: Cash deposits available through Post Office and PayPoint routes, with fees. Cheque support is limited.
• Overdraft available: No.

Eligibility: Suitable for sole traders and directors of small UK limited companies with simple ownership structures. Less suited to growing teams, businesses needing complex permissions or companies requiring branch banking.

See more on the Countingup website

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SumUp Business Account

Best for: Sole traders, small merchants and market traders, particularly those already using SumUp card readers or payment products who want their banking and payments in one ecosystem.

Potential drawbacks: SumUp Business Account works best when used alongside SumUp's wider payment products. As a standalone business current account, it is less comprehensive than some alternatives, particularly for businesses with more complex banking needs.

Key features: Free business account, Mastercard debit card, next-day payouts from SumUp payments, invoicing and simple account management tools.

• Monthly fees: £0 for the core account. The Plus plan is £15/month, with a 30-day free trial available.
• Bank transfers: GBP transfers, Faster Payments, Direct Debits and standing orders are positioned as free.
• ATM withdrawals: A small number of free UK ATM withdrawals are included each month. Fees apply above the free allowance and for some overseas withdrawals.
• International payments: Contact SumUp for details on international payment support and fees.
• Accounting integrations: Sage.
• Number of users: Additional cards and balance features may be available, particularly through the Plus plan. Contact SumUp for details.
• FSCS protection: SumUp is an e-money institution, so customer funds are safeguarded rather than FSCS protected.
• Cash/cheque deposits: Not supported.
• Overdraft available: No.

Eligibility: Best suited to small merchants, sole traders, market traders, mobile businesses and those already using SumUp card readers or payment services. Less suited to businesses that need branch banking, cash deposits, cheque handling or complex account permissions.

See more on the SumUp website

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What is a business bank account?

A business bank account is a current account used to manage the money coming in and out of a business. It can be used to receive customer payments, pay suppliers, manage expenses, pay staff, deposit cash, transfer money and connect with accounting software.

For limited companies, the business is legally separate from its owners, so a dedicated company bank account is usually expected. Sole traders are not always legally required to have a separate business account, but using one can make bookkeeping, tax returns and cash-flow management much easier.

Do I need a business bank account?

You will usually need a business bank account if you run a limited company, partnership, charity or organisation with separate finances. Sole traders may be able to use a personal account in some cases, but many personal account terms do not allow business use.

A business account can help you:

• Keep business and personal spending separate
• Make tax and bookkeeping easier
• Look more professional to customers and suppliers
• Track cash flow more clearly
• Access business finance or overdrafts
• Connect banking data to accounting software
• Give accountants or team members controlled access

Pros and cons of business bank accounts

Pros

• Separates personal and business finances
• Helps with bookkeeping and tax records
• Can support accounting integrations
• May allow controlled access for accountants or staff
• Can provide cash deposits, overdrafts or relationship banking depending on provider

Cons

• Some accounts charge monthly fees
• Cash deposits, cheques and international payments can be expensive
• E-money accounts are usually safeguarded rather than FSCS protected
• Eligibility can exclude certain sectors or complex ownership structures
• Introductory free banking periods may end

Best business bank accounts by business type

Startups

Startups should prioritise low fees, fast setup, clean bookkeeping, integrations and simple payment controls. A free banking period can be helpful, but check what the account will cost once the offer ends.

Sole traders

Sole traders should look for a simple account with low monthly fees, easy expense tracking and useful invoice tools. Keeping finances separate can make Self Assessment easier.

Limited companies

Limited companies should consider accounts that support multiple directors, user permissions, accountant access and clear company records.

Cash-heavy businesses

Businesses that handle cash should compare deposit fees, branch access, Post Office access and deposit limits before choosing an account.

Online businesses

Online businesses may benefit from app-first accounts, low transfer fees, card payment integrations, virtual cards and accounting automation.

Businesses trading internationally

Businesses that pay suppliers or receive income overseas should compare foreign exchange fees, international transfer costs and multi-currency support.

Charity and community groups

Charities, clubs and community organisations should look for accounts that support multiple signatories, committee access and low or no monthly fees.

How we chose the best business bank accounts

We compared business bank accounts using criteria that matter to small businesses, sole traders and growing companies. Our assessment considered:

• Monthly account fees
• Transaction fees
• Free banking offers
• Eligibility criteria
• FSCS protection or safeguarding model
• Cash deposit options
• Branch and Post Office access
• Accounting software integrations
• Mobile and online banking features
• Overdraft availability
• Customer support options
• Suitability for different business types
• Transparency of pricing and terms

We also considered whether each provider clearly explains fees, eligibility, account limitations and how customer funds are protected.

How to choose the best business bank account

The best business bank account is not always the one with the lowest headline monthly fee. You should compare the total cost and features based on how your business actually operates.

1. Monthly account fees

Some accounts have no monthly fee, while others charge a fixed monthly amount. A paid account may still be better value if it includes free transactions, better support, cashback, interest or tools your business will use.

2. Transaction charges

Check whether the provider charges for:

• Bank transfers
• Direct debits
• Standing orders
• Card payments
• Cash withdrawals
• Cash deposits
• Cheques
• International payments

A business making hundreds of payments per month may pay more in transaction fees than in monthly account fees.

3. Cash and cheque handling

Digital-first accounts can be excellent for online businesses, consultants and freelancers, but may be less suitable for businesses that handle cash every day. If you deposit notes, coins or cheques regularly, check the cost and convenience carefully.

4. FSCS protection

Eligible deposits with UK-authorised banks are usually protected by the Financial Services Compensation Scheme up to the applicable limit. Some business banking providers are not banks themselves, so the way your money is protected may differ.

5. Eligibility

Before applying, check whether the account accepts your business type. Some providers only accept UK-registered companies, while others support sole traders, partnerships, charities or overseas owners.

6. Accounting software integrations

If you use Xero, QuickBooks, FreeAgent, Sage or another bookkeeping platform, choosing an account with reliable integrations can reduce manual admin.

7. Overdrafts and lending

Not every business bank account offers an overdraft. Where borrowing is available, it will usually be subject to application, credit checks and approval.

8. Customer support

Support can vary significantly between providers. Consider whether you need app-only support, telephone support, branch access or a relationship manager.

How to open a business bank account

You can usually apply to open a business bank account online, through an app, by phone or in branch, depending on the provider.

You may need:

• Proof of identity
• Proof of address
• Business name
• Business address
• Companies House registration number, if limited company
• Details of directors or partners
• Estimated turnover
• Nature of your business activity
• Tax information
• Details of any beneficial owners or people with significant control

Some providers can open accounts quickly online, while others may take longer if they need extra checks.

Can I switch business bank accounts?

Many business current accounts are eligible for the Current Account Switch Service (CASS), although availability depends on the provider and account type. This can move payments from your old account to your new one and redirect incoming payments.

Before switching, check:

• Whether your new account supports the switching service
• Whether existing overdrafts can be moved
• Whether card payments or merchant services are affected
• Whether accounting software feeds need reconnecting
• Whether any monthly fees or free banking offers change after switching

Final verdict: which business bank account should you choose?

There's no single best business bank account, the right choice depends almost entirely on how your business operates day to day. The good news is that the UK market has genuinely strong options at every price point, from fully free accounts for sole traders to relationship-led banking for established SMEs.

Whatever your circumstances, it's worth comparing two or three accounts before you apply. Pay particular attention to how each provider handles your most frequent transaction types, whether that's outbound payments, cash deposits, international transfers or accounting integrations, as these are where the real cost differences emerge.

This page is for information only and is not financial advice. Account fees, eligibility and features can change, so always check the provider’s terms before applying.