Handelsbanken business account review

In this review, you'll discover the main pros and cons of the business current account available from Handelsbanken.

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Handelsbanken is a Swedish bank with over 160 branches in the UK.

It continues to impress customers with its levels of customer service and prides itself on being one of the most profitable banks in Europe.

What types of business account are on offer from Handelsbanken?

Handelsbanken offers a simple yet effective business current account.

Here are the highlights:

  • A direct line to your account manager
  • Overdrafts are available, subject to status
  • Deposit cash via Post Office counters and cheques via a prepaid postal service
  • Order multiple debit cards and place individual limits on spending
  • Can be managed via a corporate online banking portal and corporate mobile banking app
  • Account is available in a range of currencies

Handelsbanken was rated third, with a score of 73% for overall service quality, out of 14 business banking providers included in a 2023 customer survey carried out by BVA BDRC on behalf of the Competition and Markets Authority, as part of a regulatory requirement.

How to apply

To apply for a business current account, you’ll need to arrange an appointment at a local branch. You can do this by calling or emailing the branch. There is a branch finder on the Handelsbanken website to help you find these contact details.

Here are some of the details you’ll need to provide in order to open your account:

  • Proof of identity
  • Proof of address
  • Your business name, address and start date
  • Your main business activity
  • Previous banking details
  • Financial details, including tax status, expected turnover and how much money you expect to pay into your account
  • Personal details for other authorised account users

There is a PDF checklist available on the Handelsbanken website, including all the information and documents you need to provide.

Handelsbanken also participates in the Current Account Switch Service (CASS), meaning it can complete a business account switch from your previous bank in less than seven working days.

There is a monthly fee associated with having a Handelsbanken business account, but the bank does not publish its rates. This is because it says it provides a bespoke service to customers, and its monthly fees are set on a case-by-case basis.

Pros and cons


  • Personal account manager
  • Overdraft available
  • Place spending limits on employee debit cards
  • Account available in a range of currencies


  • You have to visit a local branch to open an account
  • No interest earned on in-credit balances
  • Undisclosed monthly fee

Customer service information for Handelsbanken

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

Our verdict: Is a business account from Handelsbanken worth it?

If you’re looking for a business bank account with personalised customer service and an overdraft, Handelsbanken offers this.

There are no bells and whistles, but Handelsbanken handles the basics well. However, you won’t be able to find out your monthly account fee until you’ve spoken to your local branch.

Get started by visiting Handelsbanken’s website to find out the location of your closest branch. If you have read this review and decided that Handelsbanken’s account is not for you, you can also compare other business bank accounts on the market.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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