Acorn business bank account review

Discover the pros and cons of the business banking options offered by Acorn Business.

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Acorn has been providing current accounts and payment services since 2007. These are available for personal banking and for small businesses.

There are no credit checks, branch visits or signatures required, so you can get set up really quickly.

What types of accounts are offered?

The Acorn Account is available for UK residential businesses of all sizes. There are no credit checks or forms to sign. Your sort code and account number is delivered to you by text within 24 hours.

This current account comes with free text alerts, online banking and up to four additional debit cards. You can check your account details using the SMS or automated telephone service too.

What fees are involved?

There are no application fees involved with opening an account. You’ll pay £60 to open your account, plus a minimum monthly account fee of £12.50.

However, you will pay a 0.75% fee for crediting your account. You’ll pay £0.30 every time a direct debit or standing order is paid.

You’ll face no fees for using your debit card to make a purchase. But you’ll face a charge of £1.50 when withdrawing cash from an ATM.

Contact details

You can call Acorn on 0844 846 5154 or sending an email via the contact form on

Alternatively, you can send a letter to Acorn Account, PO Box 3634, Chester, CH1 9NL.

Acorn rates and fees

Acorn Business Account
Product NameAcorn Business Account
Account fee£12.50 per month
Bank transfersFree
Overseas card transaction fees2.75%
FSCS protected
Accounting integrationsN/A
Requires credit check
Interest (AER)0% AER

Pros and cons


  • No credit checks, branch visits or signatures required.
  • SMS, telephone and online banking are all available.


  • There are few incentives or unique features.
  • It costs £60 to open an account.
  • Monthly fee of £12.50.
  • Only four additional debit cards per account.
  • A lot of small fees for making account deposits, direct debit payments, standing orders, ATM withdrawals and more.

Customer service information for Acorn

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Our verdict

This is an extremely basic business bank account. There doesn’t appear to be anything that makes this account stand out from its competitors. It has a lot of fees for an account that doesn’t offer incentives. Get started by visiting Acorn's website and sign up for an account. If you have read this review and decided that Acorn’s account is not for you, you can also compare other business bank accounts on the market.

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