Guaranteed business bank accounts

While the term guaranteed is slightly misleading, there are business accounts that carry out no credit checks and are thus easy to get approval for.

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Business accounts without credit checks

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  • Free company registration
  • Free business account
  • Powerful features
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Apart from death and taxes, there are very few things that are “guaranteed” in life, and business bank accounts are not one of them (pardon the nerdy Benjamin Franklin quote reinterpretation).

However, sometimes the term “guaranteed” is used to refer to business bank accounts that carry out no credit checks at the time of application, which does make it easier for people with bad credit to get approved.

Business accounts with no credit check

No credit checks when you apply

Cashplus business


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Poor credit friendly

Instant notifications

Software integration
Opening a business bank account with bad credit can be complicated. Most banks will carry out a credit check when you put in your application and reject it if you don’t meet the requirements. All is not lost, though! Some companies, like Cashplus, offer banking services perfect for businesses who have a poor or no credit history. There are no credit checks when you apply. The only thing that needs to be verified is your contact details.
  • Have account up and running in 5 minutes
  • Overdraft option "Cashplus iDraft" once you're eligible
  • Currency cards to use overseas
  • Online services in addition to the mobile app
  • Charge to have your bank card issued
  • Traditional bank still needed for majority of your business finance needs
Account fee £0
UK ATM Charge Free
Account software integration platforms FreeAgent, Xero, Sage, Kashflow, Quickbooks, Clearbooks
UK transfer charge £0.20
Additional cards Up to 20 additional cards
Additional card fee £5.95
Credit check No credit checks to apply

Easy and quick to open, no credit check



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24/7 customer support

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Software integration
Tide is a fintech app which offers business accounts to small businesses and freelancers, hoping to relieve them of some of the financial stress that comes with a growing company. Tide’s business accounts come with a number of features that address some of the most stressful aspects of working for yourself and offer all of this for free.
  • 24/7 customer support
  • Categorised spending
  • FCA regulated
  • Quick set-up
  • No monthly fees
  • Easy to manage accounts and track payments within the app
  • Ability to set up direct debits and standing orders
  • Can receive online bank statements
  • No branches - all done via the web
  • Doesn't accept cheque deposits
  • No personal accounts
  • No international
  • Transfers or interest offered
Account fee £0
UK ATM Charge £1
Account software integration platforms Xero, QuickBooks, FreeAgent, ReckonOne, Kashflow, Sage
UK transfer charge £0.20
Additional cards 35 additional cards
Additional card fee Free
Credit check No - Tide performs an electronic check but no credit check

Is it possible to get a guaranteed business bank account?

Not really. No bank account offers 100% guarantee of approval. If you come across the word in some company’s marketing material, you should thoroughly check what they mean by that before making any kind of application.

However, a business bank account with no credit checks will have a very high approval rate, and is likely to accept you even if your credit record isn’t great or you have declared bankruptcy in the past.

You can compare business bank accounts with no credit checks on this page.

How long does it take to get approved for a business bank account with no credit checks?

It can vary, but it’s usually a very quick process. While setting up a full business account with a traditional bank can be quite admin-heavy and take time, if you go for a digital-only company, which are usually the ones offering accounts with no credit checks, things will be much quicker and easier.

Tide is one of these companies and says that you can apply and get set up all in one go, and that it takes “minutes”. An additional benefit is that you won’t have to go through the trouble of visiting a branch.

What do you need to provide to get approved for a business bank account with no credit checks?

Documents and information requirement can vary depending on the provider, but expect to be asked about:

  • Yourself. You will need to provide your personal details and your ID.
  • Your business. Including its name, what it does, its Companies House registration number and expected turnover.

We’ve also got a more in-depth guide here on what you need to set up a business account.

How can I boost my chances of being approved for a business bank account?

If your application for a standard business bank account has been refused, for example at a traditional bank, there is no need to panic. Here are some things you can do:

  • Double check your application. Actually, triple check it. Make sure that all the documents and information you have provided are accurate and up-to-date.
  • Check your credit file. It’s rare, but there may be a mistake. Sometimes it happens, and you can ask credit reference agencies to rectify it.
  • Are you on the electoral roll? That’s the very first thing to do to improve your credit rating.
  • Check the bank’s eligibility criteria. Sometimes your credit score may not be the reason why you’ve been refused. Did your type of business qualify for an account in the first place? Have you applied for the right product?

If you are sure you’ve got all the basics covered, but you still can’t get an account, then you can consider the alternatives, including business accounts with no credit checks.

Pro tip: avoid making too many applications one after the other, if you can. For banks that carry out “hard” credit checks when you apply, the application will appear on your credit report, and doing too many too close together can impact your credit score.

How are “guaranteed” business accounts different from standard ones?

Business accounts with no credit checks are a bit different from the kind of full business account you can get at a traditional bank:

  • No credit options. No bank or company will offer you an account with an overdraft without checking your credit history.
  • More expensive? It’s not always the case, but business accounts that are explicitly meant for people with bad credit sometimes have higher fees.
  • Digital-only. Most of them are, so don’t expect too much in the way of in-person banking. But some will still allow you to deposit cash. You can also try and talk to your traditional bank and see if they offer “basic” business accounts (that is, business accounts with no overdrafts and limited features).
  • Less perks and tools. You’ll have less choice of accounts and features. But some accounts still offer useful features to help you manage your business, such as budgeting tools or an invoice service.

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