Barclays business bank account comparison and review
Barclays can make a solid choice for your business account.
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Barclays business accounts cover most business needs and come with all the advantages of a big bank, from an extensive network of bank branches to dedicated business customer service.
As with most business accounts Barclays charges fees but there are a variety of ways to reduce what you pay for a Barclays business account from a year without fees for new customers to loyalty discounts.
Barclays offers four types of business account:
New Barclays Business customers will recieve 12 months of free business banking. Thereafter, Barclays charges 2 main kinds of fee on its business accounts:
Depending on how you intend to use the business account, you can choose between two types of plan:
You can see the full list of charges and compare the two plans in Barclays’ business account charges sheet.
Barclays loyalty rewards can reduce your fees by up to 50%, depending on the size of your business and how long you bank with them. This is worth considering when comparing business current accounts.”
You can apply through the app, online, on the phone or in person at a Barclays branch. If you don’t have a personal account with Barclays already, you may need to pop into a branch anyway at some point in order to be able to complete your application.
Here’s a basic list of the information and documents you’ll need:
In our independent 2024 customer satisfaction survey, 94% of Barclays’ users said they’d recommend the brand to a friend. Customers highlighted the bank’s competitive rates and great customer service. Here’s what some of those Barclays customers had to say:
“Friendly and helpful customer service teams, quality website and app, and a good online portal to easily manage a wide range of useful financial products”
“Good customer service and easy to contact when you need to speak to someone”
On the Apple App Store, Barclays scored 4.6 out of 5 stars from over 5,000 reviews. On the Google Play Store, Barclays has scored 3.7 out of 5 stars, from almost 1,000 reviews (February 2024).
Pros
Cons
Email support | |
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Telephone support | |
In-app or live chat | |
Contact form | |
Branch support |
There’s a reason Barclays still has over 900,000 business account customers despite increased competition from challenger banks and app accounts. It offers a range of accounts to suit businesses at every stage in their development and it uses its experience to offer extra support to its business customers. This could be at its Eagle Labs where it offers business mentoring or education resources or its dedicated assistance to female run start ups.
Barclays also has another advantage over some of the newer banks and app-based accounts – a substantial high street presence. This is a big advantage for businesses that need counter services.
There are some digital-only business accounts on the market that don’t come with a monthly fee, but if you’re looking for an account at a high street bank, then Barclays represents a solid choice.
You can start signing up for a business account by visiting the Barclays website or downloading its app. If you have read this review and decided that a Barclays account is not for you, you can also compare other business bank accounts on the market.
Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.
To find out more, read our full methodology.
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