Amaiz business account review | Fees, features and overseas options

Amaiz business account review

Business accounts for sole traders at a single monthly fee: is Amaiz any good?


Fact checked


Amaiz Starter


Go to site Read review

24/7 customer support

Instant notifications

Software integration
Opening a business account is a new experience for company owners who are just starting out, but it shouldn’t be a daunting one. Amaiz is one of the new breed of challengers to offer a digital-only current account to sole traders and limited companies. You can open a business account in minutes through its mobile app – which also offers features that bring together banking, invoicing and accounting. Even better, you can sign up for a free trial before committing to any of the monthly pricing plans.
  • Transparent charges - everything included in the monthly fee
  • An app packed with features such as instant notifications
  • Jar sub-accounts and the ability to create
  • Customize and track invoices
  • 24/7 customer support
  • The ability to freeze your
  • Card with a singular tap
  • Quick to get your account up and running
  • No integration with Sage or Xero
  • No branches/face to face communication
  • No overdraft feature or credit facilities available
  • Extra fees to use the card abroad
Account fee £0
UK ATM Charge Free
Account software integration platforms Free Agent
UK transfer charge £0.20
Additional cards Only allowed one card at present
Additional card fee N/A
Credit check They conduct a soft credit check - they check your name against credit agencies, but do not report any of your information to credit score checking sites

Sole traders sometimes use a personal account for their business finances, but keeping them separate is actually much more practical.

If you’re finally considering a business-only account, Amaiz is certainly packed with features, although not necessarily the cheapest option. Let’s have a look at it. Amaiz has been featured as one of our best business bank accounts for startups and beginners.

What is Amaiz?

Amaiz is a new fintech company that offers digital-only current accounts to sole traders and limited companies. It’s brand new (the full launch happened in June 2019) and its account features bring together banking, invoicing and accounting.

How does Amaiz work?

You can open Amaiz in a few minutes from the app. You get an account and a debit card, plus a series of useful app features to manage your business finances:
  • Freeze your card on the go. If you lose it or it gets stolen.
  • Push notifications and live balances. So that you can always keep track of what you’re spending and when.
  • Jar sub-account. Exactly what the name says. You can set money aside, for example, to save for an incoming expense or a holiday or anything else.
  • Spending charts and analysis. Including automatic spending categorisation that divides your expenses into categories.
  • Invoicing tool. You can create invoices and send them to your customers directly from the app.
  • Accountancy advice included. From ACCA certified accountants that can be contacted via email or live chat in the app.
  • Accounting software integration. At the moment, it’s available with FreeAgent. Amaiz says Sage and Xero are coming soon.

The account does (almost) all you can expect: you can make bank transfers, set up and manage your direct debits and load cash into the account at every Post Office in the UK. Amaiz says standing orders will also be available soon.

The card lets you make payments and withdraw cash from ATMs both in the UK and abroad.

How much does Amaiz cost?

After a free one-month trial period, Amaiz costs £9.99 a month. UK card payments, bank transfers and ATM withdrawals are all included in the fee. Using the card abroad comes for a fee instead:
  • Card payments outside the UK. 0.5% of the transaction in the European Economic Area, 1% anywhere else.
  • ATM withdrawals outside the UK. £1.25 in the European Economic Area, £2 anywhere else.
Amaiz Starter
Amaiz Starter
Account feeFree
FSCS protected
UK ATM chargeFree
Account software integration
Accounts software integration platformsFree Agent
Additional cardsOnly allowed one card at present
Additional card feeN/A
Requires credit checkThey conduct a soft credit check - they check your name against credit agencies, but do not report any of your information to credit score checking sites
Credit check
Credit check detailsThey conduct a soft credit check - they check your name against credit agencies, but do not report any of your information to credit score checking sites
Freeze card from app or online banking
Instant notifications
Interest rate0%
Current account switch guarantee

Doing business overseas with Amaiz

Amaiz Starter
Amaiz Starter
Overseas transaction detailsEEA transaction charge = 0.5% Intraregional = 1%
Overseas ATM chargeEuropean = £1.25, Other ATMs £2
International transfer chargeN/A

Is Amaiz safe?

Amaiz isn’t a fully licensed bank, so there’s no deposit protection on your funds.

However, it is fully regulated by the Financial Conduct Authority to hold electronic money. Your money will be held in a separate client account that cannot be touched by Amaiz. So your deposits can’t be lent out and are safe even if the company were to go bust.

Pros and cons


  • Have your account up and running in a few minutes.
  • Get a one-month free trial to see if Amaiz is really what you’re looking for.
  • A very comprehensive business account with loads of features.
  • Freeze your card from the app if it gets lost or stolen.
  • Free accounting advice included in the price.


  • Extra fees if you use the card abroad.
  • No overdrafts or credit facilities available.
  • Very new, so not all the planned features are available yet.

The verdict

As we said, Amaiz isn’t the cheapest business account on the market, especially if you sometimes need to take your card abroad. Starling Bank, for example, offers solid business accounts that come with both zero monthly fees and fee-free spending abroad.

However, the wide range of features, including invoicing and budgeting tools and even accounting advice, partially make up for that. An Amaiz account is certainly a commitment but can be extremely practical and give you great peace of mind. When it comes to business money, sometimes it may be worth spending a bit more and having all you need in the same place, so that you can concentrate on your work.



  • Try Amaiz free for 3 months
  • Get a Business Contactless Mastercard when you set up an account
  • Manage your invoices and receipts easily
  • 24/7 support team available

Frequently asked questions

Amaiz vs the alternatives

Data updated regularly
Name Product Account fee Bank transfers Accounting integrations Non-Sterling transactions Overdraft Account management Key benefits
Cashplus Business Bank Account
First 10 payments sent each month FREE
FreeAgent, Xero, Sage, Kashflow, Quickbooks, Clearbooks

On invitation
App, Online
Free if both accounts are with Tide
Xero, QuickBooks, FreeAgent, ReckonOne, Kashflow, Sage
App, Online
Register your limited company for free (usually £12) and open a Tide account in one go: choose 'Register a company' from the Tide homepage menu
Starling Business Account
Xero, FreeAgent

Min. 18 months trading to apply
App, Online
Add the new Business Toolkit onto your free Starling account, and get the first month free of charge (RRP £7pcm)
Free agent, Xero
Unable to make international payments
Comes with a suite of free accounting software to integrate with
HSBC Kinetic

No monthly account fees during early access*
Xero, Quickbooks, Sage

International payments unavailable

Up to £30,000 subject to eligibility and application
App, Online
*No monthly account fees for 18 months, thereafter a monthly charge of £6.50 applies
£9.99 per month
Free in first month
Free Starter plan available
FreeAgent, Xero, Sage, Reckon One, Kashflow, QuickBooks
0.5% in Europe, 1% elsewhere
App, Online
Get your first month FREE
Free in first 3 months
No monthly account fee for the first three months*

From £0.30
(international transfer out)
App, Online, Telephone

Compare up to 4 providers

Business banking accounts ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

Our team evaluates business banking accounts to determine their value against similar products on the market.
Learn the details of our methodology and scoring.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site