Business bank accounts for startups

Started up your own business and want to know more about opening a bank account? We take a look at what's involved.

Promoted
Tide Cashback logo

Open a business bank account in minutes

  • Free company registration
  • Free business account
  • Powerful features
Go to site
reviews.io logo
★★★★★
1100+ customer reviews
Table: sorted by promoted deals first
1 - 20 of 23
Name Product Ratings Account fee Bank transfers Requires credit check Arranged overdraft Account management Key benefits Business bottom txt Link
Finder Award
OFFER
Revolut Business Free
Finder score
★★★★★
★★★★★
Free
5/month then 20p per transfer
Online & app
Sign up today and unlock 1 month of a paid plan without subscription fees. T&Cs apply.
Go to site
View details
CASHBACK
ANNA Pay As You Go
Not yet rated
Free
Free
App
Earn 1% cashback for paying with your ANNA card in selected categories.
Go to site
View details
OFFER
Monzo Business Lite
Finder score
★★★★★
★★★★★
Free
Free
Online & app
Get a free business account with no monthly fees.
Go to site
View details
Finder Award
EXCLUSIVE
Tide Free
Finder score
★★★★★
★★★★★
Free
£0.20
Free if both accounts are with Tide
Online & app
Get a £50 voucher when you open a Tide business bank account.
Go to site
View details
OFFER
Cynergy Business Current Account
Not yet rated
£25 per month
(waived in first 12 months)
Free

By invitation
Online & phone
The £25 monthly fee is waived for 12 months for new to Cynergy Bank customers. The offer is available to new customers for a limited time only. We reserve the right to withdraw the offer at any time. T&Cs apply.
Go to site
View details
OFFER
Cashplus Business Go Bank Account
Finder score
★★★★★
★★★★★
Free
£0.30
Free for first 3 payments sent each month (£0.30 for every transfer thereafter)

By invitation
Online & app
No annual or monthly fee when you apply using the Finder link
Go to site
View details
OFFER
Mettle by NatWest - Mobile business bank account
Finder score
★★★★★
★★★★★
Free
Free
Online & app
Get FreeAgent included - all you have to do is make at least one transaction a month from your Mettle account. If you don’t, or your account is closed and you continue to use FreeAgent then fees will apply.
Go to site
View details
FREE TRIAL
HSBC Kinetic Current Account
Not yet rated
£6.50 per month (waived in first 12 months)
Free
Branch, online, app & phone
No monthly account fee for the first 12 months.
Go to site
View details
Finder Award
FREE TRIAL
The Co-operative Bank Business Current Account
Finder score
★★★★★
★★★★★
Free
Free

On application (subject to status, eligibility and The Co-operative Bank's Lending policy)
Branch, online, app & phone
Free everyday digital business banking with the original ethical bank, plus access to the free ‘Go Get Paid’ app from BankiFi to help you get paid faster, rated 4.9 stars. Sole traders or Single Directors only. Charges apply for cash and cheque transactions. Apply online. T&Cs apply.
Go to site
View details
OFFER
Countingup Starter Business Account
Not yet rated
£3 per month
(waived in first 3 months)
£0.30
App
No monthly account fee for the first three months
Go to site
View details
FREE TRIAL
Business Account - £400k-£6.5m turnover
Not yet rated
£8.50 per month
(waived in first 12 months)
Free for EU digital transfers (SEPA)*

Subject to application, financial circumstances and borrowing history.
Branch, online, app & phone
No monthly account fee for the first 12 months, then £8.50 per month. T&Cs apply. Other charges apply. Free invoice and accounting software provided by FreshBooks, worth over £260 per year, with your Barclays business account. T&Cs apply. *Charges for other bank transfers and card payments apply. Visit here for more information.

Go to site
View details
FREE TRIAL
Small Business Account
Finder score
★★★★★
★★★★★
£12.50 per month
(waived in first 3 months)
From £0.30
Online, app & phone
No monthly account fee for the first three months
Go to site
View details
Revolut Business Scale
Not yet rated
£100 per month
1000/month free then 20p per transfer
Online & app
Sign up today and unlock 1 month of a paid plan without subscription fees. T&Cs apply.
Go to site
View details
Revolut Business Grow
Not yet rated
£25 per month
100/month free then 20p per transfer
Online & app
Sign up today and unlock 1 month of a paid plan without subscription fees. T&Cs apply.
Go to site
View details
Finder Award
CASHBACK
Tide Cashback
Not yet rated
£49.99 per month
Free
150 free per month
Online & app
Get 3 months free with our code, FREEPLAN - Available for a limited time only.
Go to site
View details
Finder Award
OFFER
Tide Plus
Not yet rated
£9.99 per month
Free
20 free per month
Online & app
Get 3 months free with our code, FREEPLAN - Available for a limited time only.
Go to site
View details
Tide Pro
Not yet rated
£18.99 per month
+ VAT
Free
Online & app
Get 3 months free with our code, FREEPLAN - Available for a limited time only.
Go to site
View details
FREE TRIAL
ANNA Business
Finder score
★★★★★
★★★★★
£14.90 per month
(waived in first month)
Free
50 free bank transfers per month (20p per transfer after that)
App
Earn 1% cashback for paying with your ANNA card in selected categories.
Go to site
View details
FREE TRIAL
ANNA Big Business
Not yet rated
£49.90 per month
Free
Unlimited free bank transfers
App
Earn 1% cashback for paying with your ANNA card in selected categories.
Go to site
View details
Finder Award
FREE TRIAL
Business Plus
Finder score
★★★★★
★★★★★
£5 per month (waived if balance stays in credit and averages over £10,000)
Free
Branch, online, app & phone
30 months of fee-free Business Banking when you switch to TSB.
Go to site
View details
loading

What is a startup business account?

A business bank account is different from a personal bank account in that it’s used to make and receive payments that are purely business-related. You need to be a registered business to open one and you can’t use it like a personal current account.

Some business accounts are specifically targeted at startups (newly formed, and often very small, businesses). But don’t be put off a business account that is not described as being for startups, as many standard business accounts will also be suitable for your needs.

Unlike the majority of personal accounts, it’s not unusual to be charged a monthly fee to have a business account. Though business accounts often have extra features and tools available to help you manage your business finances.

Starting business stats illustration

Do I need a startup business account?

If you’ve just started out or are a sole trader, you might have begun by using your personal current account to make and receive payments.

That might be fine for a small number of initial transactions, but some banks will not let you use your personal bank account for business purposes, plus all of your finances will be mixed up in one place.

Opening a business account keeps your personal and business money separate and easier to manage. This means you can identify your revenue and expenses more effectively, which will certainly help when calculating that tax bill.

Many business accounts come with tools to assist you with managing your invoices, analysing your spending and working out your tax reporting. Some also offer integrations with accounting software, to make your paperwork even easier at year-end.

What is the best startup business account?

It’s important that you consider all of the features and fees that come with the various business accounts out there on the market, before deciding which one to apply for.

This means the account that is “best” for you and your startup business will depend on your individual needs.

But here are some of our favourite business accounts with links to their full reviews, so you can check out exactly what they offer:

  • Amaiz: App-based account that comes with a wide range of business banking tools that are ideal for beginners.
  • Anna: Digital-only account that features an invoicing service and 24/7 assistance.
  • Card One Money: Has higher fees, but you can open the account without a credit check and it includes a cashback program.
  • Starling: Comprehensive and free business bank account that offers accounting software integration.
  • Tide: Digital-only account that is designed for small businesses and freelancers.
  • TSB: Offers free business banking for the first 25 months and has a branch network.

How can I apply for a startup business account?

Once you’ve researched and chosen which business account you’d like to go for, you’ll need to apply to that banking provider to open it. Many applications can be now be done online or through a mobile app (especially given the growing number of digital-only accounts), although some banks with a branch network might ask you to visit in person.

Every business bank account will have a slightly different application process, but here is a general list of information and documents that you should have to hand:

  • Your business name and address
  • Your own personal details and contact information
  • A form of ID
  • Proof of address
  • Estimated business turnover
  • Personal banking/financial statements

Not every banking provider will ask you for all of this documentation, and on the flip side, there may be some who request even more detailed information about your business and its finances.

Most business bank account providers will also carry out some kind of credit check on you, although there are a few that will let you open an account without one (but be aware these products tend to come with higher usage fees). For more information on opening a business account without a credit check, check out our guide to opening a business account with a bad credit score.

Ready to compare accounts?

Get started

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

Go to site