Compare joint business bank accounts - Finder UK

Compare joint business bank accounts

Discover how a joint business bank account works and why you might want to open one.

Some business bank accounts allow you to open an account together with someone else and other accounts allow you to add additional users once you open the account. Compare accounts below and know the advantages and disadvantages of using a joint business bank account.

Compare joint business bank accounts

Table: sorted by promoted deals first
Data updated regularly
Name Product Account fee Bank transfers Accounting integrations Non-Sterling transactions Overdraft Account management Key benefits
Cashplus Business Bank Account
First 10 payments sent each month FREE
Clear Books, FreeAgent, KashFlow, QuickBooks, Sage, Xero

On invitation
App, Online
Free if both accounts are with Tide
FreeAgent, KashFlow, QuickBooks, Reckon One, Sage, Xero
App, Online
Register your limited company for free (usually £12) and open a Tide account in one go: choose 'Register a company' from the Tide homepage menu
Starling Business Account
FreeAgent, Xero

Min. 18 months trading to apply
App, Online
Add the new Business Toolkit onto your free Starling account, and get the first month free of charge (RRP £7pcm)
Free in first 3 months
No monthly account fee for the first three months*

From £0.30
(international transfer out)
App, Online, Telephone
Free up to a max. balance of £5,000 (or up to £500 paid in per month)
2 free transfers per month and unlimited free transfers to Anna accounts
Earn 1% cashback for paying with your ANNA card in selected categories. Enjoy premium benefits free for the first 6 months.
HSBC Kinetic

No monthly account fees during early access*
QuickBooks, Sage, Xero

International payments unavailable

Up to £30,000 subject to eligibility and application
App, Online
*No monthly account fees for 18 months, thereafter a monthly charge of £6.50 applies

Compare up to 4 providers

What is a joint business bank account and why open one?

This is a business bank account that more than one person can open and manage jointly. The maximum number of account holders is usually between two and four, depending on the bank.

When you open a joint business account, all account holders will be able to make deposits, debit card transactions and withdrawals at ATMs.

All account holders will also be able to set up direct debits and standing orders.

You’ll need all account holders to provide personal details when opening an account, and you may require permission from all of them to close it or switch to a new account.

It is far more convenient and cost-effective – for tax and accounting reasons – when all company funds are funnelled through one account, and that’s why most partnerships opt for a joint business bank account.

Who might need to open a joint business bank account?

The most obvious reason to open a joint business bank account is if your business has multiple owners.

Indeed, if you have a partnership, it’s likely that both of you will want to be able to view and access your business funds.

Can I open a business account that offers access to services for my employees?

Some business accounts allow you to grant a level of access to some employees, even if they aren’t an official account holder. This comes with its own set of risks though.

It is often also possible that you can order multiple debit cards or prepaid cards to be used on the same business account. Many business owners take this route instead, although think carefully about this, as you may be charged a one-off or even a monthly fee per card.

Pros and cons


  • It’s incredibly convenient to allow all business owners access to the same account.
  • You may be able to order several debit cards for employees to use.


  • You’ll need to be able to trust other account holders to use company money wisely.
  • All account holders may need to sign off on closing or switching the account.

The bottom line

If your business has multiple owners, it makes complete sense to open a joint business bank account. Most business bank account providers allow you to add multiple account holders, so there is plenty of choice available.

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.

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site