Small business bank accounts
Find out which business bank account is best for you with our list of options
HSBC Small Business Banking Account
- Monthly fee
Free*
- UK bank transfers
Free
- UK card purchases
Free
- Overdraft
No
| More details | |
|---|---|
| Banking partner | HSBC Small Business Banking Account |
| Monthly fee | Free* |
| UK bank transfers | Free |
| UK card purchases | Free |
| Overdraft | No |
| FSCS protected | Yes |
| Rates and charges | |
|---|---|
| Overdraft | No |
| ATM withdrawals (UK Pounds) | £1.50 per withdrawal |
| UK bank transfers details | Free |
| Expenses card/s for your team | No |
| Eligibility criteria | |
|---|---|
| UK tax resident | |
| Registered as a sole trader or limited company with HMRC | |
| Suitable for startups, small businesses and switchers | |
(*Free UK digital banking and free bank transfers means day-to-day standard electronic transfers made through Business Internet Banking and HSBC UK Business Banking app are free. Other Charges apply e.g. Cheques and CHAPs. See Business Price List for details. Subject to application, eligibility, credit check, and T&Cs. A full list of prices and charges applicable can be found in HSBC UK’s Business Price List at business.hsbc.uk/legal) | |
Revolut Business: Basic
- Monthly fee
£10
- UK bank transfers
10 free transfers (£0.2 after)
- UK card purchases
Free
- Overdraft
No
| More details | |
|---|---|
| Banking partner | Revolut Business: Basic |
| Monthly fee | £10 |
| UK bank transfers | 10 free transfers (£0.2 after) |
| UK card purchases | Free |
| Overdraft | No |
| FSCS protected | No |
| Rates and charges | |
|---|---|
| Overdraft | No |
| ATM withdrawals (UK Pounds) | £3,000/day |
| UK bank transfers details | 10 free transfers (£0.2 after) |
| Expenses card/s for your team | Yes, Up to 3 physical cards per team member, Up to 50 virtual cards per team member |
| Eligibility criteria | |
|---|---|
| Company Type: Ltd, PLC, LLP | |
| Location: UK, EEA, Switzerland, US, AU, SG | |
| Age: 18+ | |
Tide Free Business Account
- Monthly fee
Free
- UK bank transfers
20p per transfer
- UK card purchases
Free
- Overdraft
No
| More details | |
|---|---|
| Banking partner | Tide Free Business Account |
| Monthly fee | Free |
| UK bank transfers | 20p per transfer |
| UK card purchases | Free |
| Overdraft | No |
| FSCS protected | Yes |
| Rates and charges | |
|---|---|
| Overdraft | No |
| ATM withdrawals (UK Pounds) | £1 per withdrawal |
| UK bank transfers details | 20p per transfer |
| Expenses card/s for your team | £5 per month |
| Eligibility criteria | |
|---|---|
| Sole Traders and freelancers who are registered with HRMC | |
| Director of an active UK company registered with Companies House | |
| Valid UK address | |
WorldFirst Business Account
- Monthly fee
Free
- UK bank transfers
Free
- UK card purchases
Free
- Overdraft
No
| More details | |
|---|---|
| Banking partner | WorldFirst Business Account |
| Monthly fee | Free |
| UK bank transfers | Free |
| UK card purchases | Free (All card purchases are free from transaction charges – UK or International) |
| Overdraft | No |
| FSCS protected | No |
| Rates and charges | |
|---|---|
| Overdraft | No |
| ATM withdrawals (UK Pounds) | No (ATM provider may charge its own fees) |
| UK bank transfers details | Free (Cross Currency Payments above £5,000 fee free – Transfers to other WorldFirst World accounts ARE Instant and free) |
| Expenses card/s for your team | Yes (World Card gets up to 1.2% cash back for business expenses, $100 USD sign-up bonus and FX fee discount for USD payments to China) |
| Eligibility criteria | |
|---|---|
| LTD, Sole Trader, General Partnership, Limited Partnership and LLP | |
| 18+, Based in supported country | |
| UK, European Economic Area (EEA), SG, CN, etc. | |
Airwallex Business Account
- Monthly fee
Free
- UK bank transfers
Free
- UK card purchases
Free
- Overdraft
N/A
| More details | |
|---|---|
| Banking partner | Airwallex Business Account |
| Monthly fee | Free |
| UK bank transfers | Free |
| UK card purchases | Free |
| Overdraft | N/A |
| FSCS protected | N/A |
| Rates and charges | |
|---|---|
| Overdraft | No |
| ATM withdrawals (UK Pounds) | N/A |
| UK bank transfers details | Free |
| Expenses card/s for your team | First 5 free + £5 per cardholder per momnth |
| Eligibility criteria | |
|---|---|
| Businesses registered in UK and EU markets | |
| Perfect for businesses with cross-border finance operations | |
| UK Based | |
Zempler Business Go Account
- Monthly fee
Free
- UK bank transfers
3 free a month (30p after)
- UK card purchases
Free
- Overdraft
Yes
| More details | |
|---|---|
| Banking partner | Zempler Business Go Account |
| Monthly fee | Free |
| UK bank transfers | 3 free a month (30p after) |
| UK card purchases | Free |
| Overdraft | Yes |
| FSCS protected | Yes |
| Rates and charges | |
|---|---|
| Overdraft | Borrow up to £2,000 subject to eligibility |
| ATM withdrawals (UK Pounds) | £2 per withdrawal |
| UK bank transfers details | 3 free a month (30p after) |
| Expenses card/s for your team | £5.95 per card |
| Eligibility criteria | |
|---|---|
| Sole traders and freelancers not registered on Companies House | |
| Limited companies active on Companies House | |
| UK based | |
Countingup Business 1st Tier
- Monthly fee
£3
- UK bank transfers
30p
- UK card purchases
Free
- Overdraft
No
| More details | |
|---|---|
| Banking partner | Countingup Business 1st Tier |
| Monthly fee | £3 |
| UK bank transfers | 30p |
| UK card purchases | Free |
| Overdraft | No |
| FSCS protected | No |
| Rates and charges | |
|---|---|
| Overdraft | No |
| ATM withdrawals (UK Pounds) | £1 per withdrawal |
| UK bank transfers details | 30p per transfer (free for the first 3 months). Foreign transaction fees – 3% |
| Expenses card/s for your team | 1x debit card free per account (£5 for a replacement card) |
| Eligibility criteria | |
|---|---|
| Sole Trader or Director of a limited company listed on companies house. 18 years old or over and total monthly deposits of less than £750 | |
| UK Based | |
Anna Money Pay As You Go Account
- Monthly fee
Free
- UK bank transfers
20p
- UK card purchases
Free
- Overdraft
No
| More details | |
|---|---|
| Banking partner | Anna Money Pay As You Go Account |
| Monthly fee | Free |
| UK bank transfers | 20p |
| UK card purchases | Free |
| Overdraft | No |
| FSCS protected | No |
| Rates and charges | |
|---|---|
| Overdraft | No |
| ATM withdrawals (UK Pounds) | £1 per withdrawal |
| UK bank transfers details | 20p per transfer |
| Expenses card/s for your team | 1x debit card free per account |
| Eligibility criteria | |
|---|---|
| Sole trader, director of a limited company listed on Companies House or a partner in a limited liability partnership | |
| UK based | |
Card One Money Small Business Account
- Monthly fee
£12.50
- UK bank transfers
30p (next day online)
- UK card purchases
Free
- Overdraft
No
| More details | |
|---|---|
| Banking partner | Card One Money Small Business Account |
| Monthly fee | £12.50 |
| UK bank transfers | 30p (next day online) |
| UK card purchases | Free |
| Overdraft | No |
| FSCS protected | No |
| Rates and charges | |
|---|---|
| Overdraft | No |
| ATM withdrawals (UK Pounds) | £1.50 per withdrawl |
| UK bank transfers details | 30p next day online, £7.50 same day online, CHAPS £30 |
| Expenses card/s for your team | 1x card free per account |
| Eligibility criteria | |
|---|---|
| Your business must be registered in the UK and have a residential address in the UK | |
| Over 18 | |
| UK Based | |
LLoyds Business Bank Account
- Monthly fee
12 months free
- UK bank transfers
100 free per month
- UK card purchases
Free
- Overdraft
Yes
| More details | |
|---|---|
| Banking partner | LLoyds Business Bank Account |
| Monthly fee | 12 months free |
| UK bank transfers | 100 free per month |
| UK card purchases | Free |
| Overdraft | Yes |
| FSCS protected | Yes |
| Rates and charges | |
|---|---|
| Overdraft | Borrow up to £5,000 subject to eligibility |
| ATM withdrawals (UK Pounds) | Free |
| UK bank transfers details | Free up to 100x per month, then 20p per transfer |
| Expenses card/s for your team | Business credit card subject to eligibility criteria |
| Eligibility criteria | |
|---|---|
| Sole trader, partner or company director | |
| Over 18 | |
| UK based | |
| Turnover less than £25 million a year | |
Allica Business Rewards Account
- Monthly fee
Free
- UK bank transfers
Free
- UK card purchases
Free
- Overdraft
Yes
| More details | |
|---|---|
| Banking partner | Allica Business Rewards Account |
| Monthly fee | Free |
| UK bank transfers | Free |
| UK card purchases | Free |
| Overdraft | Yes |
| FSCS protected | Yes |
| Rates and charges | |
|---|---|
| Overdraft | Yes, contact to request more information |
| ATM withdrawals (UK Pounds) | Free |
| UK bank transfers details | Free bar chaps payments |
| Expenses card/s for your team | 1x debit card free per account |
| Eligibility criteria | |
|---|---|
| Business must be registered with Companies House | |
| Must have been trading for a minimum of 12 months, and have a minimum annual turnover of £500,000 or at least 5 employees | |
| UK based | |
Virgin Money M Account for Business
- Monthly fee
Free
- UK bank transfers
Free
- UK card purchases
Free
- Overdraft
Yes
| More details | |
|---|---|
| Banking partner | Virgin Money M Account for Business |
| Monthly fee | Free |
| UK bank transfers | Free |
| UK card purchases | Free |
| Overdraft | Yes |
| FSCS protected | Yes |
| Rates and charges | |
|---|---|
| Overdraft | Subject to lending assessment |
| ATM withdrawals (UK Pounds) | Free |
| UK bank transfers details | Free |
| Expenses card/s for your team | 1x debit card free per account |
| Eligibility criteria | |
|---|---|
| Startups, sole traders, limited companies, limited liability partnerships, partnerships | |
| Uk based | |
| Turnover less than £1 million per year | |
Cynergy Bank Business Current Account
- Monthly fee
12 months free, £5 thereafter* for new accounts only
- UK bank transfers
Free
- UK card purchases
Free for standard debit card transactions
- Overdraft
No
| More details | |
|---|---|
| Banking partner | Cynergy Bank Business Current Account |
| Monthly fee | 12 months free, £5 thereafter* for new accounts only |
| UK bank transfers | Free |
| UK card purchases | Deposits and withdrawals can be made at HSBC branches; earn 3.50% on AER variable on balances up to £10,000 and 0.10% on AER variable on amounts above that |
| Overdraft | No |
| FSCS protected | Yes – eligible deposits are protected up to a total of £85,000 by the FSCS |
| Rates and charges | |
|---|---|
| Overdraft | No |
| ATM withdrawals (UK Pounds) | 1.5% of the withdrawal amount, with a minimum charge of £1.50 |
| UK bank transfers details | Free for standard electronic transactions, including Faster Payments (up to 100 transactions per month) |
| Expenses card/s for your team | There is no provision for multiple expense cards for team accounts |
| Eligibility criteria | |
|---|---|
| *The £5 monthly fee is waived for first 12 months for new Business Current Account openings. The offer is available for a limited time only. Cynergy Bank reserves the right to withdraw the offer at any time. T&Cs apply | |
| Businesses based in the UK and registered with Companies House, where applicable | |
| Partnerships, limited liability partnerships and limited companies | |
| Businesses with up to 10 named individuals including Partners, Directors and shareholders (shareholders with a shareholding of 10% or more must be added) | |
Important Information!
Some of the products promoted are from our banking and affiliate partners from whom we receive compensation. While we aim to feature some of the best products available, we cannot review every product on the market.
Data is correct at time of publication, but can be subject to change. You can find the most up-to-date information by visiting the bank account provider website directly.