Best business bank account women with a small business

Best business bank account

Explore our selection of business accounts to find what works for you

Starting and managing a business is already complicated enough without having to fight to get a vaguely functioning bank account for it.

There is no universal “best bank account” that works for everyone, but we’ve picked five current accounts that are easy and fast to set up, mobile-friendly and efficient. You’re most welcome.

Revolut for Business: good for international businesses

Revolut (Business)

Business accounts made easy

  • Business accounts made easy
  • Make international payments quickly
  • Get prepaid corporate cards
  • Don't worry about the hidden fees
  • Cutting edge multi-currency current accounts
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In a nutshell

Revolut has made a name for itself as the company to go to if you travel a lot and need to juggle many different currencies at the same time. Its business account is no exception – it supports 29 currencies.

It has three tiers of pricing and an integration with useful services such as accounting software Xero and messaging software Slack. You can read more about it in our dedicated review.

Pros and cons of Revolut for Business

  • Great if you trade in more than one currency.
  • Three pricing options mean that it can work for all business sizes.
  • A brand new slick mobile app.
  • Corporate cards and virtual cards available.
  • Not the cheapest option you can find around.
  • There’s a weekend markup on currency exchanges.
  • You can’t deposit cash.

Starling business account: good for low-cost

Starling Business Account

Business banking. But better.

  • Zero monthly fees. No fees to set up and run your account.
  • Spend anywhere. No transaction fees for international card payments.
  • Understand your money. See where your business spends most by category or merchant.
  • Instant notifications. Stay on top of your account balance with real-time notifications.
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In a nutshell

We often say that there’s no such thing as free business banking, but Starling may actually be the exception to the rule – it’s as free as it gets. You’re charged for international money transfers and to deposit cash into your account at the Post Office, but that’s it – no monthly fees, and no fees to use your card or withdraw cash in the UK or abroad.

The app looks nice and tidy and categorises your spending to help you track where you spend the most, and it also supports a Xero integration. Our full review is here.

Pros and cons of Starling business account

  • Almost completely fee-free.
  • A clean app with instant notifications and spending categorisation.
  • You can deposit cash into the account from every Post Office in the UK.
  • Starling is a fully licensed bank.
  • You can only get a Starling Business Account if you’re the owner of a limited company and the sole person to have significant control over it.

Anna business account: great all-rounder

ANNA

ANNA Business account

  • Never make an invoice again
  • Say goodbye to invoice chasing
  • Say hello to brilliant 24/7 customer service
  • Sign up today and try ANNA free for three months
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In a nutshell

Anna is a bit of an overachiever – it deals with both your business banking and your invoicing, and its smart assistant can even chase due payments for you. It’ll dig out overdue invoices and ask you if you want Anna to send out a (polite) reminder to your client. It also creates personalised spending reports to help you figure out what you spend money on.

All this comes in return for a (fairly reasonable) monthly fee, but foreign currency transaction fees also apply – so unlike Revolut and Starling, Anna isn’t probably the best option if you travel for business quite a lot. Find out more in our full review.

Pros and cons of Anna

  • Five different tiers and limits that adapt to your business cashflow.
  • It creates invoices and chases due payments for you.
  • It creates personalised reports on your spending.
  • Three-month free trial.
  • It charges both a monthly fee and foreign currency transaction fees.
  • You can’t deposit cash.

Tide business account: good for no monthly fees

Picture not described: Tide-screenshot-738.jpg Image: Getty

In a nutshell

Tide doesn’t charge a monthly fee, so you pay according to how much you use the account. Card payments are free, but you’re charged for both cash withdrawals and money transfers (unless it’s to another Tide account), so it’s worth doing your maths and trying to figure out how much it’s going to cost you before you sign up for it.

If you can live with this kind of pricing structure, it makes a very solid business account, with a cool app that allows you to create invoices and automatically organises your transactions into tags and categories. Tide can also be integrated with Xero. Read our Tide review for a full rundown of its features.

Pros and cons of Tide business account

  • No monthly fee.
  • Also does invoicing and spending categorisation.
  • You can deposit cash into the account at Post Offices and PayPoints.
  • No extra fees for using your card abroad.
  • Money transfers cost 20p each and cash withdrawals are charged £1 each.
  • Some people may prefer a fixed monthly fee so that they know how much to budget for their account.

Monese business account: good for European businesses

Picture not described: monese.jpg Image: Getty

In a nutshell

In return for a monthly fee, Monese offers an easy-to-set-up business current account and a nice app that can easily switch between your personal and business account. It charges a foreign currency transaction fee, albeit a small one, so again probably not the best option if you’re a frequent traveller.

Monese is also planning to release business euro accounts. Just like with your personal account, you’ll be able to instantly move money between your euro and sterling accounts without paying any fees, making it a good choice if your business operates on both sides of the English Channel. More on the Monese business account in our review.

Pros and cons of Monese business account

  • A clean app that also categorises your transactions.
  • You can deposit cash into the account at Post Offices and PayPoints.
  • Euro business accounts coming soon.
  • Free cash withdrawals are limited to six per month.
  • There’s a 0.5% foreign currency transaction fee.

What “best” means: how we chose our top business current accounts

Finder was founded in 2006, so we’ve been comparing all things money for a while. After all this time, we know what you like: solid products that work, for a convenient price. To choose our favourite business current accounts, we’ve taken into account different factors:

  • Our partners. We’re not going to lie to you, we take a commission from some of our favourite providers (not all of them). We’re transparent about it, and it also means that we can sometimes give you access to exclusive deals that no one else has got.
  • Easy set-up. Business owners often complain that it took them weeks to set up a simple current account – that’s a big no for us. Our selection of current accounts only includes products that in most cases you can get in a reasonable amount of time, and presenting a reasonable amount of documents.
  • Techy. We’ve looked for slick mobile apps and efficient online banking – in the 21st century, we know you expect that.
  • Good value for your money. Free business banking isn’t very common, but we took into account both price and quality of the service to pick our top five accounts.

The verdict: how to choose your business account

These five all offer good business account options, but ultimately, what’s “best” for you will depend on what your business does and how it works. So here’s a list of the things you may want to think about before comparing business accounts, to help you figure out what’s best for you:

  • How much does your business make a month? Some accounts have balance limits (don’t forget to check them before applying!) so your business turnover will inevitably influence your choice.
  • Do you take loads of cash you then have to deposit? Not all these accounts allow cash deposits, so your options will be a bit limited if the answer is yes.
  • How do you do your invoicing and accounting? If you already have a dedicated invoicing system, you don’t need an app that does that. If you use Xero for accounting, does the business account you’re considering support an integration with it?
  • How much will you use your account? A fixed monthly fee is better if you’re looking at intensive account usage, whereas if you only plan to use the account sporadically (perhaps because you already have another one) you may be able to save money with a plan that charges you per transaction.
  • Do you travel often for business purposes? If you do, look for cards that allow fee-free spending abroad.

Ultimately, you’re the person who knows your business best, so try and use that knowledge to figure out what you need from an account and how you can get it for the lowest possible price.

*Disclaimer: the offers compared on this page are chosen from a range of products whose details Finder has access to track; they don't represent all the products available in the market. Unless indicated otherwise, products are displayed in no particular order or ranking. The terms "best", "top", "cheap" (and variations) are not product ratings and are subject to our terms of use. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

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