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ICICI Bank

ICICI Bank business bank account comparison and review

Discover the pros and cons of ICICI Bank business accounts and how they compare to other options available to you.

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By

Matthew Boyle

Updated

Fact checked

ICICI Bank is an Indian bank that offers personal and business banking solutions in the UK. It has six branches in the UK.

Its business banking solutions include current accounts and saving accounts.

Compare ICICI Bank’s business accounts

Updated regularly
Name Product Account fee Bank transfers Requires credit check Accounting integrations Arranged overdraft Account management Key benefits Business bottom txt Link
Business Current Account
Business Current Account
£7 per month (waived if balance over £5,000)
Free
N/A
Branch, online & app
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Name Product Interest rate and type Interest paid Invest Term Open via Incentive Apply link
ICICI Bank UK – Business Savings Account
ICICI Bank UK – Business Savings Account
2.33% AER variable
Monthly
£1 - £5,000,000
1 day notice
Open via: branch, post
Go to site
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What business bank accounts are available for ICICI Bank customers?

  • Business current account. You can create accounts in pound sterling, US dollars and euros. You’ll pay a £5 account fee, but only if your balance falls below £5,000. You’ll pay 30p for every transaction in and out of your account.
  • Business savings account. An instant-access savings account is available. If you want a higher interest rate, opt for a fixed-rate savings account. You can get a term of six months, one year, two years, three years, four years or five years.
  • Business forex solutions. An account that supports real-time exchange rate supporting multi-currency transactions.
  • Business fixed deposit. An account with no minimum deposit and a range of term options available.

How to apply for an ICICI Bank business account

You can apply for an ICICI Bank business account via its website by clicking the “Apply Now” button at the top of the page.

Alternatively, you can click the “Request A Call Back” button to have a staff member walk you through the application process.

Pros and cons

Pros

  • Dedicated account manager.
  • Create balances in multiple currencies.
  • Low fees and simple international transfers.
  • No monthly account fee if you keep a healthy balance.
  • Several options for savings accounts.

Cons

  • Few perks available with the current account.

Our verdict

An ICICI Bank business bank account could appeal, especially if you are dealing with international transfers and multiple currencies, and you think you’d benefit from a dedicated account manager.

Even so, it’s always best to check out the alternatives before you decide on which one to commit to with your business and finance. Read our guide to the best business bank accounts to choose the one that best suits you.

Get started by visiting ICICI Bank’s website and sign up for an account. If you have read this review and decided that ICICI Bank’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.

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