Updated: October 29th 2026
Compare Business Bank Accounts in the UK
- Compare monthly fees, transaction costs and features side by side.
- See what an account really costs for how your business pays and gets paid.
Our verified partners Our partners
Our comparison considers product features, fees, provider information, public information and commercial relationships. We do not compare every provider. Commercial relationships may affect placement. Information is reviewed periodically and should be checked with the provider before applying.
Our comparison considers product features, fees, provider information, public information and commercial relationships. We do not compare every provider. Commercial relationships may affect placement. Information is reviewed periodically and should be checked with the provider before applying.
Get £200 when you open a Tide business account + 6 month free accounting (code ACCOUNTING200, T&Cs apply)
Monthly Fee:
Fee Transfers / Month:
Interest Rate (AER):
Features:
Monthly Fee:
£0 on Free plan*
Fee Transfers / Month:
5 included on Free plan*
Interest Rate (AER):
0.00% AER
Features:
- Free business account, open in minutes in the app
- Companies House registration via Tide
- Instant Saver: up to 4.25% AER for 4 months (conditions apply)
- Free Making Tax Digital tools
| EMI safeguarded |
|
|---|---|
| FSCS protection |
|
| Limit FSC Protection | £120,000 (across all ClearBank accounts) |
| Regulator & FRN | Tide Platform Ltd (FCA, FRN 900843). Accounts powered by ClearBank Ltd (PRA/FCA, FRN 754568) |
| Disclaimer | *Free plan has no monthly fee and includes 5 bank transfers per month; paid plans from £12.49/month. International card payments on the Free plan carry a 2.75% FX fee. Tide is not a bank: Tide Business Accounts are powered by ClearBank Ltd and eligible deposits are protected by the FSCS up to £120,000 across all ClearBank accounts. Some members hold e-money accounts with PrePay Technologies Ltd, which are safeguarded rather than FSCS-protected. Instant Saver rates: up to 4.25% AER for 4 months with a CASS switch of £10,000+, then plan rate (1.5% AER on Free). T&Cs apply. |
| Best for | Sole traders, freelancers and small UK businesses |
|---|---|
| Eligible business types | Sole traders and limited companies |
| Documents required | Valid photo ID and selfie verification in the app |
| Monthly fee & plans | Free; Smart £12.49, Pro £27.49, Max £69.99 per month |
|---|---|
| UK transfers | 5/month on Free, 30 on Smart, unlimited on Pro and Max |
| Overdraft Available (EAR) |
|
| Mobile App |
|
|---|---|
| Multi Users / team cards |
|
| Invoicing tools |
|
| Tax tools (MTD / VAT) |
|
| Card included | 1 business card; team cards on paid plans (1–3) |
| UK branches |
|
| Multi-currency |
|
| Supported Currency | GBP account; international payments available |
One month free trial. T&Cs apply.
Monthly Fee:
Fee Transfers / Month:
Interest Rate (AER):
Features:
Monthly Fee:
£0 or £19/month*
Fee Transfers / Month:
Free domestic and local transfers*
Interest Rate (AER):
0.00% AER
Features:
- Global Accounts to collect and hold 20+ currencies
- Up to 10 free multi-currency company cards
- No international fees on Airwallex card spending
- Sync with Xero and QuickBooks
| EMI safeguarded |
|
|---|---|
| FSCS protection |
|
| Limit FSC Protection | Not FSCS-protected (funds safeguarded) |
| Regulator & FRN | Airwallex (UK) Limited, Electronic Money Institution (FCA, FRN 900876) |
| Disclaimer | *Explore plan: £19/month (ex VAT), waived if you deposit at least £10,000 a month or hold a balance of at least £10,000. Free domestic transfers in GBP, EUR and CHF; SWIFT transfers £10–20; FX conversions 0.5% above interbank for major currencies, 1% for others. Additional spend users from £5/month. Airwallex is not a bank: funds are held as e-money and safeguarded, not protected by the FSCS. T&Cs apply. |
| Best for | UK businesses that pay or get paid in multiple currencies |
|---|---|
| Eligible business types | Limited companies, LLPs, partnerships and sole traders |
| Documents required | Photo ID, proof of address and business details (e.g. Companies House number) |
| Monthly fee & plans | Explore £0 or £19/month; Grow £49/month (ex VAT) |
|---|---|
| UK transfers | Free |
| International / SWIFT payments | Local transfers to 120+ countries; SWIFT £10–20 per transfer; FX 0.5% (major) / 1% (other) above interbank |
| Overdraft Available (EAR) |
|
| Mobile App |
|
|---|---|
| Multi Users / team cards |
|
| Invoicing tools |
|
| Tax tools (MTD / VAT) |
|
| Card included | Up to 10 free company cards on Explore |
| UK branches |
|
| Multi-currency |
|
| Supported Currency | 20+ currencies |
Up to £800 Incentive***
Monthly Fee:
Fee Transfers / Month:
Interest Rate (AER):
Features:
Monthly Fee:
£5/month, refunded with £35k+ average balance*
Fee Transfers / Month:
Free UK transfers**
Interest Rate (AER):
Up to 4.00% AER variable**
Features:
- Up to £800 incentive for new accounts opened by 30 November 2026***
- 3.50% AER on balances up to £35,000, plus 0.50% bonus for 3 months**
- Hold GBP, EUR and USD; pay in up to seven currencies
- Integrates with Xero, Sage and FreeAgent
| EMI safeguarded |
|
|---|---|
| FSCS protection |
|
| Limit FSC Protection | £120,000 |
| Regulator & FRN | Cynergy Bank plc, authorised by the PRA and regulated by the FCA and PRA, FRN 575105 |
| Promotion | Up to £800 for new accounts opened 1 Oct–30 Nov 2026: £200 (£10k+), £400 (£35k+), £800 (£100k+) |
| Disclaimer | *£5 monthly fee, refunded if your average cleared balance in the previous calendar month was at least £35,000. **Free UK transfers exclude cash, CHAPS, SWIFT and SEPA transactions, which are charged. 4.00% AER variable on balances up to £35,000, including a 0.50% AER bonus for up to 3 months for customers maintaining an average balance of £35,000 or more; base rate 3.50% AER; 0.10% AER variable on balances above £35,000. ***Open a Business Current Account between 1 October and 30 November 2026 and deposit from an external account within 30 days: £200 for a balance of £10,000+, £400 for £35,000+, £800 for £100,000+, based on your balance at the end of day 30. Maintain the balance for six months; paid in two equal instalments after 3 and 6 months. If your balance falls below your tier, future payments are reduced. Not available to sole traders. T&Cs apply. |
| Best for | UK limited companies, LLPs and partnerships holding larger balances |
|---|---|
| Eligible business types | Limited companies, LLPs and partnerships (not sole traders) |
| Documents required | Photo ID and business details; Companies House registration where applicable |
| Monthly fee & plans | £5/month, refunded if previous month’s average balance is £35,000+ |
|---|---|
| UK transfers | Free** |
| International / SWIFT payments | Payments in up to 7 currencies; CHAPS, SWIFT and SEPA fees apply |
| Overdraft Available (EAR) |
|
| Mobile App |
|
|---|---|
| Multi Users / team cards |
|
| Invoicing tools |
|
| Tax tools (MTD / VAT) |
|
| Card included | Visa Business Debit Card |
| UK branches |
|
| Multi-currency |
|
| Supported Currency | GBP, EUR and USD accounts; payments in up to 7 currencies |
Earn a boosted rate of up to 4% AER (variable), Start Saving with just £1
Monthly Fee:
Fee Transfers / Month:
Interest Rate (AER):
Features:
Monthly Fee:
£0 on Free plan*
Fee Transfers / Month:
5 included on Free plan, then 20p*
Interest Rate (AER):
Up to 4.25% AER Variable*
Features:
- Instant Saver: 3.25% AER for new members, up to 4.25% with a CASS switch of £10,000+
- Instant access: no notice period, no withdrawal penalty
- Savings FSCS-protected via ClearBank
- Access business insurance
| EMI safeguarded |
|
|---|---|
| FSCS protection |
|
| Limit FSC Protection | £120,000 per depositor, across all ClearBank accounts (current and savings combined) |
| Regulator & FRN | Tide Platform Ltd (FCA, FRN 900843). Current and savings accounts powered by ClearBank Ltd (PRA/FCA, FRN 754568) |
| Promotion | Instant Saver: 3.25% AER for new members, up to 4.25% AER with a CASS switch of £10,000+, for 4 months |
| Disclaimer | *New Tide members get 3.25% AER (variable), rising to up to 4.25% AER (variable) with a full CASS switch transferring £10,000+ into a Tide Business Account within 14 days of joining. The promotional rate applies for 4 months, then the Instant Saver rate of your Tide plan applies. Rates are tiered, with the top rate on balances up to £1M. A Tide Business Account is required. Free plan has no monthly fee and includes 5 bank transfers per month (20p each after); paid plans from £12.49/month. Tide is not a bank: current and savings accounts are powered by ClearBank Ltd and eligible deposits are protected by the FSCS up to £120,000 across all ClearBank accounts. Rates correct as of 15/10/2026. T&Cs apply. |
| Best for | Sole traders and small UK businesses who want to earn interest on spare cash |
|---|---|
| Eligible business types | Sole traders and limited companies (Tide Business Account required) |
| Documents required | Valid photo ID and selfie verification in the app |
| Monthly fee & plans | Free; Smart £12.49, Pro £27.49, Max £69.99 per month |
|---|---|
| UK transfers | 5/month on Free (then 20p each), 30 on Smart, unlimited on Pro and Max |
| Overdraft Available (EAR) |
|
| Mobile App |
|
|---|---|
| Multi Users / team cards |
|
| Invoicing tools |
|
| Tax tools (MTD / VAT) |
|
| Card included | 1 business card; team cards on paid plans (1–3) |
| UK branches |
|
| Multi-currency |
|
| Supported Currency | GBP account; international payments available |
Best for businesses making regular international payments
Monthly Fee:
Fee Transfers / Month:
Interest Rate (AER):
Features:
Monthly Fee:
£0, no account fees
Fee Transfers / Month:
From £0.31 per UK payment*
Interest Rate (AER):
0.00% AER
Features:
- Free multi-currency World Account: get paid in 20+ currencies
- World Card: up to 1.2% cashback, no FX fees in 15 currencies
- New customers: 0.30% FX rate for the first 6 months
- £100 World Card bonus for new customers (T&Cs apply)
| EMI safeguarded |
|
|---|---|
| FSCS protection |
|
| Limit FSC Protection | Not FSCS-protected (funds safeguarded) |
| Regulator & FRN | World First UK Limited, Electronic Money Institution (FCA, FRN 900508) |
| Disclaimer | *No account opening, subscription or maintenance fees. Payment fees apply: £0.31 per GBP payment in the UK, £0.27 per EUR SEPA payment, from £4.62 for international payments; payments to other World Accounts are free. FX conversion up to 0.50% for major currencies (0.30% for new customers for the first 6 months). World Card: up to 1.2% cashback; no FX fees when paying in 15 supported currencies; ATM withdrawals 2% (min £1). WorldFirst is not a bank: funds are held as e-money and safeguarded, not protected by the FSCS. T&Cs apply. |
| Best for | UK businesses paying suppliers or getting paid internationally, including e-commerce sellers |
|---|---|
| Eligible business types | Ltd, sole traders, partnerships, LLPs |
| Documents required | Photo ID, proof of address and business details |
| Monthly fee & plans | Free: no setup, subscription or maintenance fees |
|---|---|
| UK transfers | £0.31 per GBP payment (Faster Payments or CHAPS) |
| International / SWIFT payments | GBP abroad £4.62; other currencies £4.62–£23; SEPA £0.27; FX up to 0.50% (0.30% for new customers for 6 months) |
| Overdraft Available (EAR) |
|
| Mobile App |
|
|---|---|
| Multi Users / team cards |
|
| Invoicing tools |
|
| Tax tools (MTD / VAT) |
|
| Card included | Up to 25 free virtual cards; up to 5 physical cards (£5 shipping each) |
| UK branches |
|
| Multi-currency |
|
| Supported Currency | Hold and receive 20+ currencies; send in 100+ |
£0 business account + Auto Accountant free for 4 months
Monthly Fee:
Fee Transfers / Month:
Interest Rate (AER):
Features:
Monthly Fee:
£0 on Free plan*
Fee Transfers / Month:
Unlimited outgoing; first £1,000/month incoming free, then 0.95%*
Interest Rate (AER):
0.00% AER
Features:
- Auto Accountant: bookkeeping and tax returns, 4 months free (then £29/month)
- MTD for Income Tax filing: free
- ANNA Savings: up to 3.66% AER for the first 3 months**
- Invoicing and receipt capture built in
| EMI safeguarded |
|
|---|---|
| FSCS protection |
|
| Limit FSC Protection | Main account not FSCS-protected (funds safeguarded); ANNA Savings FSCS-protected up to £120,000 via Griffin Bank |
| Regulator & FRN | Account and cards issued by PayrNet Ltd, Electronic Money Institution (FCA, FRN 900594). Savings by Griffin Bank Ltd (PRA/FCA, FRN 970920) |
| Promotion | Auto Accountant free for the first 4 months, then £29/month |
| Disclaimer | *Free plan: no monthly fee; unlimited outgoing transfers; first £1,000 incoming per month free, then 0.95%. Paid plans from £12.90/month + VAT. ANNA Money is a trading name of Absolutely No Nonsense Admin Ltd. Accounts and cards are provided by PayrNet Ltd (FRN 900594); funds in your main ANNA account are safeguarded and not protected by the FSCS. **ANNA Savings accounts are provided by Griffin Bank Ltd (FRN 970920) and are FSCS-protected up to £120,000; 3.66% AER is a promotional rate for the first 3 months, after which the rate depends on your plan. T&Cs apply. |
| Best for | Sole traders, freelancers and small companies wanting tax and admin done for them |
|---|---|
| Eligible business types | Sole traders and limited companies |
| Documents required | Photo ID and business details; apply in the app in under 10 minutes |
| Monthly fee & plans | Free £0; Grow £12.90, Business £22.90, Big Business £59.90 per month + VAT |
|---|---|
| UK transfers | Free plan: unlimited outgoing; incoming free up to £1,000/month, then 0.95% |
| International / SWIFT payments | SWIFT available (£5 per payment on paid plans after allowance); 1% FX fee (0.5% on Big Business) |
| Overdraft Available (EAR) |
|
| Mobile App |
|
|---|---|
| Multi Users / team cards |
|
| Invoicing tools |
|
| Tax tools (MTD / VAT) |
|
| Card included | 1 card on Free plan; more on paid plans |
| UK branches |
|
| Multi-currency |
|
| Supported Currency | GBP account + free USD, EUR and CHF currency accounts; payments to 200+ countries (1% FX fee, 0.5% on Big Business) |
Get £100 when you open a Revolut Business Account*
Monthly Fee:
Fee Transfers / Month:
Interest Rate (AER):
Features:
Monthly Fee:
£10/month*
Fee Transfers / Month:
10 free UK transfers, then 20p**
Interest Rate (AER):
0.00% AER
Features:
- Send, spend and exchange in 30+ currencies
- FX at interbank rate up to £1,000/month
- Unlimited team members; up to 3 physical and 50 virtual cards each
- Integrates with Xero, QuickBooks and other accounting software
| EMI safeguarded |
|
|---|---|
| FSCS protection |
|
| Limit FSC Protection | £120,000 |
| Regulator & FRN | Revolut Bank UK Ltd, authorised by the PRA, regulated by the FCA and PRA (FRN 981170) |
| Promotion | *Get a £100 welcome bonus when you sign up through our link and add at least £0.01 to your new account by 31/12/2026. Fees, promotion terms and T&Cs apply |
| Disclaimer | *Basic plan £10/month. **10 free local transfers per month, then £0.20 each; international transfers £5 each. Currency exchange at interbank rate up to £1,000/month, then 0.6% fee (1% outside market hours). Other charges may apply, including card fees and paid add-ons such as expense management (£8 per user per month). Business accounts are provided by Revolut Bank UK Ltd (FRN 981170); eligible deposits are protected by the FSCS up to £120,000. Some accounts may still be held with Revolut Ltd (e-money, safeguarded) while transitioning. T&Cs apply. |
| Best for | UK companies that pay, spend and get paid in multiple currencies |
|---|---|
| Eligible business types | Limited companies, LLPs and partnerships (sole traders: see Freelancer plans) |
| Documents required | Photo ID, proof of address and business details |
| Monthly fee & plans | Basic £10; Grow from £30; Scale from £90 per month; Enterprise custom |
|---|---|
| UK transfers | 10 free per month, then 20p each |
| International / SWIFT payments | £5 per international transfer; FX free up to £1,000/month, then 0.6% (1% outside market hours) |
| Overdraft Available (EAR) |
|
| Mobile App |
|
|---|---|
| Multi Users / team cards |
|
| Invoicing tools |
|
| Tax tools (MTD / VAT) |
|
| Card included | Up to 3 physical and 50 virtual cards per team member |
| UK branches |
|
| Multi-currency |
|
| Supported Currency | 30+ currencies |
300 free virtual Visa cards on the free plan
Monthly Fee:
Fee Transfers / Month:
Interest Rate (AER):
Features:
Monthly Fee:
€0 on Free plan*
Fee Transfers / Month:
Send & receive payments, incl. bulk payments*
Interest Rate (AER):
0.00% AER
Features:
- Corporate Visa cards linked to multi-currency IBAN accounts (GBP, EUR, USD + 7 more)
- 300 free virtual cards and unlimited physical cards on the free plan
- Real-time spending limits and expense management
- Open to sole traders and companies
| EMI safeguarded |
|
|---|---|
| FSCS protection |
|
| Limit FSC Protection | Not FSCS-protected (funds safeguarded) |
| Regulator & FRN | Wallester UK Ltd, Electronic Money Institution (FCA, FRN 1040163) |
| Disclaimer | *Free plan has no monthly fee; Premium €199/month and Platinum €999/month. Wallester Business offers multi-currency IBAN accounts (10 currencies) with Visa corporate cards. Card spend in currencies you don't hold: Visa exchange rate + 2%. ATM withdrawals: 2% (min €2) in Europe, €2 + 2% elsewhere. Physical card delivery from €5. Accounting integrations (Xero, QuickBooks) are available on Premium and above. Wallester UK Ltd is authorised by the FCA as an Electronic Money Institution (FRN 1040163): funds are safeguarded, not protected by the FSCS. T&Cs apply. |
| Best for | Businesses issuing many corporate cards for team, online and subscription spend |
|---|---|
| Eligible business types | Sole traders, limited companies, LLPs and partnerships |
| Documents required | Photo ID, phone verification and business registration details |
| Monthly fee & plans | Free €0; Premium €199/month; Platinum €999/month |
|---|---|
| UK transfers | GBP account to send and receive payments; bulk payments supported |
| International / SWIFT payments | International and SEPA payments supported. Card spend in currencies you don't hold: Visa rate + 2% |
| Overdraft Available (EAR) |
|
| Mobile App |
|
|---|---|
| Multi Users / team cards |
|
| Invoicing tools |
|
| Tax tools (MTD / VAT) |
|
| Card included | 300 virtual cards on Free (3,000 Premium, 18,000 Platinum); unlimited physical cards (delivery from €5) |
| UK branches |
|
| Multi-currency |
|
| Supported Currency | Hold 10 currencies: GBP, EUR, USD, SEK, NOK, DKK, PLN, CZK, HUF, RON |
Other details
Cash deposits and access
Businesses that regularly receive cash should check whether the account accepts cash deposits, where deposits can be made and what charges or limits apply. This may be less important for businesses that operate primarily through card payments or bank transfers.
Accounting and business tools
Some business accounts include features such as invoicing, accounting software integrations, expense management and tax tools. These can be useful when they replace processes or services your business would otherwise manage separately.
Cards and team access
If several people need to make payments or manage company spending, compare the number of available cards, additional card costs, user permissions and expense controls. These features may be less relevant to sole traders but increasingly important as a business grows.
Who wrote this content?
Written and reviewed by our team
Every MoneyCompare guide is written by people who follow the UK banking market every day, and checked against the providers’ own terms before it is published.
We review our content regularly, so fees, features and protection details stay as accurate as possible.
Senior Finance Editor
“Claudio Tuteri is an economist and financial analyst specialising in UK financial products. He analyses features, costs, returns and terms to help readers understand and compare their options with clarity.”
Our verified bank partners
We compare products from selected UK providers
Any doubt?
Most providers let you apply online. You'll usually need proof of ID and information about your business, while companies may also need to provide their Companies House registration number and details about directors or persons with significant control. Requirements vary between providers.
Yes. A limited company is a separate legal entity from its owners, so its finances should be kept separate from personal finances. A dedicated business bank account allows the company to receive payments, pay expenses and maintain clear financial records for accounting and tax purposes.
Yes, some providers offer business bank accounts with no monthly fee. However, charges may still apply for transactions, cash deposits, international payments or other services, so check the full fee schedule before applying.