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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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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
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.
Customer service information for ICICI Bank
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| Telephone support | |
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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.
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