Best banks for business bank accounts

• Customer satisfaction scores methodology

  We asked people who’d used a business bank account within the previous 12 months to rate their satisfaction with the service they received and whether they’d recommend the provider to a friend. Our independent survey of 510 business banking customers was carried out in February 2026.

  We have shown the percentage recommended score in the table above and used these ratings to decide the winners of our awards. Where there was a draw on the “would recommend percentage”, we used the overall rating out of 5 as a tie-breaker.

  The customer satisfaction champions were decided by their recommendation scores (the percentage of survey respondents who would recommend the brand to a friend). Any brand which had at least 90% of customers recommend them has been recognised with a customer satisfaction champion award.

Which type of business account should you choose?

Before you can answer this question, you need to ask yourself “what does my business need from a bank account?”

• Are you looking for an established bank and the opportunity to talk to someone face to face? If so, a high street bank will be right up your street (pun intended). Application times are likely to be longer, but there’s the option of in-branch banking which might appeal. Popular choices include NatWest, Lloyds and TSB
• Do you like the idea of managing everything online or via an app? Fintechs are digital first and make managing your business finances on the go easy. If you’re not wedded to in-person banking, then there are lots of good fintech providers to choose from. Popular choices include Revolut Business, Tide and Monzo business
• If you’re a global business, do you need a business account that can offer multi-currency services? There are specific multi-currency accounts which let you hold, send and receive international payments, typically at a lower cost than more traditional banking services.
• Do you need to get your business up and running quickly? Look for a business provider that has a fast application process so you don’t have to wait around.
• Have you got employees that use expenses? Try a prepaid business card to manage expenses including setting limits, viewing real-time transactions and streamlining your reporting.
• Business banks offer switching deals too. If you’re looking to make a change, check out any switching incentives or welcome bonuses that are on offer.

Bottom line

There are plenty of business banking providers out there, so you’ll be able to find one that suits the needs of your business. Make sure you know what those are before you start the process of choosing a bank. Some of the newer digital-only banks and business platforms are among the best for customer satisfaction, so if you’re happy to manage your business finances online or through an app, these are definitely worth checking out.

Frequently Asked Questions

• What type of bank account is best for small businesses?

  If you’re a small business, you’ll most likely want to keep your costs to a minimum. Bank accounts which don’t charge a monthly fee but that offer simplified bookkeeping and some dedicated business features would be a good fit for your business.

• Which is the safest bank?

  Safety is a common concern when choosing a bank, especially if you’re looking to bank online. If you’re keen to learn more about which banks offer the best safety precautions, check out our guide to the safest banks.

• Do I need a business bank account?

  If you operate a UK limited company, you legally need a business bank account. If you’re a sole trader or freelancer, it’s not necessary but it can help you keep your business and personal finances separate.