Barclays offers four types of business account:
New Barclays Business customers will 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 2 plans in Barclays’ business account charges sheet.
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:
Barclays scored 4.5 out of 5 starts in our 2023 customer satisfaction survey, with 95% of users surveyed saying that they would recommend the business account service. Its users highlighted the bank’s reliable brand, great customer service and strong service both in-branch and online. Here’s what some of those Barclays business customers had to say in our survey:
“Great customer service”
“They offer the option to open a business account online and have a designated business manager to help with anything”
“They are very honest and informative about any information that you may need”
On the Apple App Store, Barclays scored 4.8 out of 5 stars based on around 1,700,000 reviews. On the Google Play Store, Barclays has scored 4.4 out of 5 stars, from a total of around 490,000 reviews (last updated, September 2023).
Pros
Cons
Barclays offers a range of business accounts and pricing plans to cater for all types of businesses, plus the ability to manage your account through online, mobile and telephone banking. It also operates a large branch network, which is a big advantage if digital-only banking is not for you.
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.
Our customer satisfaction scores ("Customers say") are based on a survey of 623 customers carried out in December 2022.
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