Best Business Bank Accounts for 2025 – A Comprehensive Review and Guide

A business bank account supports your company’s financial operations in the UK. Studies indicate 65% of small businesses experience financial management issues. Selecting the appropriate business bank account reduces these difficulties through dedicated business banking tools and services.

Making the Right Choice for Your UK Business

UK regulations require limited companies to use a business bank account for all company transactions. This guide helps you select a business bank account that matches your company’s needs in 2025.

Our research examines:

Interest rates and fees
Online banking features
Mobile app capabilities
Transaction limits
UK-based customer support
Integration with UK accounting software

We analyzed leading UK business bank accounts to create this guide. The information helps you compare different accounts and select one that fits your business requirements.

Our comparison includes both traditional UK high street banks and digital challengers. Each option offers distinct benefits for different types of businesses, from sole traders to large corporations.

Business banking impacts:

Daily financial management
Payment processing
Expense tracking
Tax compliance
Business growth potential

What This Guide Covers

This guide presents detailed reviews of UK business bank accounts. We examine account features, costs, and benefits to help you make an informed choice.

The analysis includes:

Account opening requirements for UK companies
Monthly fee structures
Transaction allowances
International payment options
Integration with HMRC services
Mobile and online banking features

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Free Account

For LTD

For Sole Trader

FSCS protection

Direct debits/Standing orders

*Business account interest

*Multi currency payments

*Overdraft

Accounting software integration

invoicing

*Credit Builder/loan

*Cash Back/rewards

*POS/Card reader

Our Review

Zempler Bank

Bottom Line

✅

❌

Read Zempler Bank Review

Visit Zempler Bank

Tide

Bottom Line

✅

Accepts payments only in GBP and EUR

❌

✅

Read Tide Review

Visit Tide

Anna Money

Bottom Line

✅

❌

✅

❌

✅

❌

✅

❌

Read Anna Money Review

Visit Anna Money

Countingup

Bottom Line

❌

✅

❌

✅

❌

No direct transfers, partnered with CurrencyFair.

❌

Built-in accounting software

✅

❌

Read Countingup Review

Visit Countingup

Card One Money

Bottom Line

❌

✅

❌

✅

❌

The statements can be shown in multiple formats that work with most cloud-based accounting platforms.

❌

Read Card One Money Review

Visit Card One Money

Ampere

Bottom Line

❌

✅

❌

✅

❌

Get GBP and EUR accounts with IBAN.

❌

✅

❌

Online merchant account for payments.

Read Ampere Review

Visit Ampere

Wise Business

Bottom Line

❌

✅

❌

✅

❌

✅

❌

✅

❌

Read Wise Business Review

Visit Wise Business

AirWallex
Financial Services

Bottom Line

✅

❌

✅ Global account with local bank details

❌

✅

❌

✅

❌

Read Airwallex Review

Visit Airwallex

Verto

Bottom Line

✅

❌

✅

❌

✅

❌

Read Verto Review

Visit Verto

Equals Money

Bottom Line

❌

✅

❌

✅

❌

Read Equals Money Review

Visit Equals Money

OneMoneyWay

Bottom Line

✅

❌

✅

❌

✅

❌

✅

Read OneMoneyWay Review

Visit OneMoneyWay

EverestCard

Bottom Line

❌

✅

❌

Coming soon

❌

IBANs available from LU, DE, and DK, with more coming soon.

❌

Coming soon

✅

Coming soon

Read EverestCard Review

Visit EverestCard

MultiPass

Bottom Line

❌

✅

❌

✅

❌

Read MultiPass Review

Visit MultiPass

Revolut Business

Bottom Line

❌

✅

❌

✅

❌

✅

❌

✅

Read Revolut Business Review

Visit Revolut Business

*Certain features are only available with specific account types, or are not included in free accounts, or may be subject to bank approval.

Tide Business Account

Tide is a comprehensive business finance platform that serves over 10% of all SMEs in the UK. The platform helps more than 1 million contractors, freelancers, and scaling businesses worldwide manage their finances efficiently. Tide offers an all-in-one solution for business banking and financial management. Users can open a free business account in minutes and access powerful finance management tools. The platform aims to help business owners focus on what they love by simplifying financial operations.

Open your business account completely free with no setup costs or hidden charges

Make and receive payments faster using integrated payment tools

Manage business expenses and create invoices all in one place

Get 24/7 in-app chat support with FSCS protection and no monthly fees

Monthly Fee

£0

Bank Transfers

20p

ATM withdrawals

£1

FX Fees

2.75%

Visit Tide

Read Tide review

ANNA Business Account

ANNA is a business banking service designed specifically for small businesses and limited companies. You can open an account in under 10 minutes and receive a physical card within 3-4 days. The service includes expense management, invoicing tools, and tax handling features. ANNA provides both virtual and physical debit cards for immediate use. Over 100,000 business owners currently use their services.

Multiple card options – Get a virtual card instantly when you sign up, plus a physical card delivered in a few days. You can also provide employee cards with spending limits to avoid expense reimbursements.

Built-in tax management – ANNA automatically calculates VAT returns, Corporation Tax, and PAYE, then files directly to HMRC. The system includes bookkeeping assistance and integrates with accounting software like Xero and Sage.

Cashback and payment features – Earn up to 40% cashback on select business expenses like travel and furniture. Accept payments through invoices, QR codes, or payment links, and make international transfers with competitive currency conversion rates.

Automatic expense tracking – Take photos of receipts or forward them by email, and ANNA automatically matches them to your transactions. All expenses get categorized for tax purposes and stored digitally for easy searching and exporting.

Monthly Fee

£0 Pay As You Go

Bank Transfers

0.95%

ATM withdrawals

£0

FX Fees

Visit Anna

Read Anna review

Countingup Business Account

Countingup combines a business bank account with accounting software in one simple app. You can open an account in minutes and get a contactless Mastercard with all the usual banking details. The app automatically handles your bookkeeping by categorizing transactions and capturing receipts. It also creates profit and loss reports and estimates your tax obligations. Plus, you can send invoices directly through the app and get real-time business insights.

Flexible pricing based on your deposits – Monthly fees range from £3-£18 depending on how much money goes into your account, so costs adjust with your business performance

Complete financial picture in one place – Get instant profit and loss reports, tax estimates, and invoice tracking without switching between different apps or systems

Quick setup with full banking features – Apply in 3-4 minutes using just ID and a selfie, then receive your contactless Mastercard with sort code and account number

Built-in automation saves time – Transactions get categorized automatically, receipts are captured through your phone, and invoices can be created and sent in seconds

Monthly Fee

£3 (FREE 3 month trial)

Bank Transfers

30p

ATM withdrawals

£1

FX Fees

Visit Countingup

Read Countingup review

Ampere Business Account

Ampere provides an all-in-one financial service designed specifically for businesses. The platform allows UK and EEA registered companies to open business accounts quickly through their mobile app. Users get complete control over their funds with access to low exchange rates and fast transactions. The service includes business banking, corporate cards, payment processing, and loan options. Currently, only UK and EU-based directors with properly registered enterprises can apply for accounts.

Account Setup and Fees: Business accounts cost £35 to set up (includes first month maintenance and card delivery) with £20 monthly maintenance, while private accounts cost £25 to set up with £10 monthly maintenance.

Transaction Costs: Local transfers in GBP and EUR are free, international SWIFT transfers cost £25, and currency exchange rates are 0.35% for GBP/EUR and 0.55% for USD/CHF

Corporate Card Pricing: Card transactions are free with no monthly fees, but ATM withdrawals cost 2% + £1.50, foreign currency transactions have 0.55% markup, and replacement cards for lost/stolen cost £15

Payment Processing Rates: Merchant services start from IC++0.35% for low-risk businesses in GBP/EUR/USD, with no setup fees and rolling reserves of 5-10% held for 120 days depending on risk level

Business Loan Options: Available after 3 months of trading with Ampere, offering up to double your monthly turnover, flexible repayment terms, and funding within 2 business days once approved

Monthly Fee

£20

Bank Transfers

FREE

ATM withdrawals

2% + £1.50

FX Fees

0.35%

Visit Ampere

Read Ampere review

Card One Money Business Account

Card One Money offers a business account designed for quick setup and everyday use. The account can be opened the same day you apply with no credit checks required. They only need to verify your identity and residency to get started. The service includes company cards for team expenses and various payment options. Everything can be managed through their online platform or mobile app.

Same-day account opening – Most accounts are ready within 3 hours of completing the online application and paying the £55 fee.

No credit checks needed – The approval process only requires identity and residency verification, making it accessible for more businesses.

Up to 4 company cards – Teams can get prepaid cards for business expenses with different access levels based on their roles.

24/7 account management – Users can make payments, check balances, and manage finances anytime through the online account or mobile app.

Monthly Fee

£12.50

Bank Transfers

£5

ATM withdrawals

£1.50

FX Fees

2.75%

Visit Card One Money

Read Card One Money review

Airwallex Business Account

Airwallex Business Account provides companies with a single platform to manage international payments and finances. Businesses can open multi-currency accounts with local bank details across different countries without traditional banking paperwork. The platform allows companies to send and receive money globally at interbank exchange rates with transparent pricing. Organizations get corporate cards that operate in multiple currencies and integrate with existing accounting systems. It eliminates the need for multiple banking relationships and expensive traditional transfer services.

Global Multi-Currency Accounts: Companies can open business accounts with local bank details in 120+ countries and receive payments in customers’ preferred currencies, avoiding forced conversion fees and lengthy setup processes.

Interbank FX Rates: Businesses access wholesale exchange rates typically reserved for large banks, with transparent pricing and no hidden charges on international transfers and currency conversions.

Corporate Card Management: Organizations can issue unlimited virtual and physical Visa cards to employees with real-time spending limits, automatic expense categorization, and direct payment from multi-currency wallet balances.

Batch Transfer Operations: Companies can send payments to up to 1,000 recipients across different countries and currencies simultaneously, with customizable approval workflows and automatic accounting software integration.

Local Payment Network: Businesses use Airwallex’s proprietary network to operate like local companies anywhere in the world, with faster settlement times and lower costs than traditional correspondent banking relationships.

Monthly Fee

£19

£0/month if you deposit at least £10k per month or hold a minimum balance of £10k

Bank Transfers

£0

ATM withdrawals

–

FX Fees

From 0.5%

Visit Airwallex

Read Aiwallex review

Verto Business Account

Verto Business Account helps companies manage money across different countries and currencies. It works like having bank accounts in multiple places without the usual hassles. Businesses can send and receive payments internationally at lower costs. The platform handles currency exchanges and expense management in one place. Companies from startups to large enterprises use it to simplify their global financial operations.

Multi-currency support – Hold and manage funds in over 50 currencies, with local accounts available in GBP, USD, EUR, NGN, KES, and ZAR for faster, cheaper transactions.

Lower transaction costs – Save money with competitive exchange rates and reduced fees compared to traditional banks, especially for international transfers.

Integrated expense management – Track and control business spending across multiple currencies with corporate cards and automated expense reporting.

API integration – Connect Verto’s payment infrastructure to existing business systems through APIs for payouts, collections, and foreign exchange operations.

African market expertise – Access specialized currency trading and payment solutions for African markets (NGN, KES, TZS, UGX, XAF, XOF, ZAR) alongside major global currencies.

Monthly Fee

£0

Bank Transfers

£0

ATM withdrawals

2.5%

FX Fees

0.6 – 2%

Visit Verto

Read Verto review

Everest Business Account

The Everest Business Account offers companies a modern banking solution with a 20€ monthly fee. It targets businesses registered in Luxembourg or other EEA holding companies. The account comes with three Mastercard credit cards included in the base price. Companies can manage everything through an online dashboard with real-time controls. Additional cards cost just 5€ each when teams need to expand.

Optional account opening fee of 250€ applies only for Luxembourg companies and EEA holding companies that choose this service

The service provides true credit cards rather than debit cards, offering 35-day grace periods and flexible repayment options up to 45 days

Users get exclusive Mastercard Airport Security Fast Track access and can access over 1,000 airport lounges in more than 120 countries

The platform includes automated expense management with receipt scanning, spending limits per card, and CSV export for accounting purposes

Monthly Fee

€20

Bank Transfers

SEPA €0

Outgoing: 0.3% of the volume (minimum fee applied: 1€)

ATM withdrawals

2€ + 2%

FX Fees

0.50%

(Non-EUR Card)

Visit Everest

Read Everest Review

OneMoneyWay Business Account

OneMoneyWay allows companies to open UK business accounts without requiring UK residency. The service provides businesses with a local UK IBAN or sort code and account number under their company name. Companies can handle all their business payments from anywhere in the world. The platform supports over 24 currencies for international transactions. OneMoneyWay is not a bank but works with trusted financial partners to provide these services.

UK-registered virtual IBAN issued under the business name – Companies receive a legitimate UK IBAN that functions exactly like a traditional bank account, allowing them to operate as a local UK business without establishing physical presence in the country.

Complete online registration process with no physical paperwork required – Businesses can open their accounts entirely through the digital platform, eliminating the need for in-person visits, document submissions, or lengthy approval processes that traditional banks typically require.

Send and receive payments in 24+ different currencies worldwide – The platform enables companies to process international transactions across multiple currencies, making it easier to work with global clients and suppliers without currency conversion complications.

Access to UK sort code and account number for local business operations – Businesses receive authentic UK banking details that allow them to accept payments from UK customers, pay local suppliers, and handle domestic transactions just like any UK-based company.

No residency requirements or complex approval processes needed – Companies from any country can access these services without proving UK residency, meeting minimum deposit requirements, or navigating the strict eligibility criteria that traditional UK banks impose on foreign businesses.

Monthly Fee

£0

Bank Transfers

–

ATM withdrawals

–

FX Fees

–

Visit OneMoneyWay

Read OneMoneyWay review

Wise Business Account

Wise offers business accounts that help companies manage money across different countries without the usual banking hassles. You get real exchange rates and transparent fees for everything you do. The account works like a regular business account but handles multiple currencies easily. You can send payments worldwide, receive money from customers, and give your team spending cards. Setting up takes minutes and there are no monthly charges to worry about.

Multiple currency accounts – Hold and manage money in over 40 currencies from one account, with free conversions between balances you already have

International payments from 0.33% – Send money to 70+ countries with upfront fees and real exchange rates, no hidden markups or surprise charges

Free business debit cards – Give your team cards that work worldwide without foreign transaction fees, plus set individual spending limits for each card

Local account details in 23 currencies – Get bank details that let customers pay you like a local business, even when they’re on the other side of the world

One-Time Fee

£45

Bank Transfers

ATM withdrawals

£0

FX Fees

From 0.33%

Visit Wise

Read Wise review

Multipass Business Account

MultiPass is a digital banking solution designed for businesses that need to handle international payments and multi-currency transactions. The platform provides virtual IBANs for different regions including the UK, EU, and US. Companies can manage their finances across 70+ currencies from a single dashboard. MultiPass also offers corporate cards and batch payment features for streamlined business operations. The service aims to simplify cross-border banking for growing businesses.

Multi-currency accounts – Businesses receive dedicated account details for UK (sort code and account number), EU (IBAN), and US (routing and account number) to accept local payments from customers in each region.

Corporate card management – Companies can issue up to 15 virtual or physical Mastercard business cards to employees, with full online control over issuing, blocking, and spending limits.

Wholesale exchange rates – The platform offers bank-beating currency conversion rates with instant 24/7 exchange capabilities between the 70+ supported currencies.

Batch payment processing – Businesses can upload CSV files to send multiple international payments at once, with team-based approval workflows for accounting staff and executives

Monthly Fee

From £100

Bank Transfers

Free to £1

ATM withdrawals

1.5%

FX Fees

1.5%

Visit Multipass

Read Multipass review

Essential Factors for UK Business Bank Account Selection

The choice of a business bank account affects your daily operations and financial management. Consider these key elements when selecting your account:

Account Opening Process

UK business bank accounts require specific documentation during setup:

Companies House registration documents
VAT registration (if applicable)
Proof of UK business address
Directors’ identification documents
Annual company turnover details

Most UK banks restrict account access to UK residents who serve as company directors. Some businesses face limitations, including holding companies, dissolved entities, and companies in liquidation.

Software Integration

Modern business bank accounts connect with UK business software:

Xero accounting platform
FreeAgent business management
QuickBooks financial tracking
Companies House direct filing
HMRC Making Tax Digital services

These connections automate financial data flows and reduce manual tasks. Regular updates ensure continued compatibility with new software versions.

Customer Service Standards

UK business banking support varies between providers:

Service hours for phone support
Response time guarantees
In-app chat functions
Branch access options
Dedicated account managers

Digital banks often provide 24/7 support through apps, while traditional banks offer branch-based services during business hours.

Financial Management Tools

Account features help track business spending:

Real-time transaction updates
Automated expense categories
Digital receipt storage
Spending analysis reports
Budget tracking systems
Multi-user access controls

These tools create accurate financial records for tax filing and business planning.

Security Systems

UK business accounts include security measures:

Strong Customer Authentication (SCA)
Payment verification steps
Fraud detection systems
Transaction monitoring
Data encryption
Regular security updates

Banks follow FCA guidelines and UK data protection laws to protect business accounts.

Additional Services

Consider extra features that support business growth:

International payment services
Currency exchange rates
Merchant payment processing
Credit facilities
Business insurance options
Savings accounts

Choose services that match your current needs while supporting future expansion.

Best Free Business Bank Accounts in the UK for 2025

Tide Business Account

Tide provides a basic business account without monthly fees. The account includes:

Digital banking through mobile and web platforms
Account details delivery within 24 hours of approval
Integration with Xero and QuickBooks accounting software
FSCS protection up to £85,000
Contactless business debit card

Account features support standard business transactions and digital banking needs. Tide focuses on fast account setup and digital accessibility.

Read Tide Business Account Review
FSCS-Protected Bank Account by ClearBank

Open a FREE Account

Zempler Business Account

Zempler offers a fee-free business account with international banking features:

Real-time transaction notifications
Multi-currency accounts for international trade
Connection to accounting platforms
Biometric security with fingerprint access
Transaction monitoring systems
FSCS protection for business funds

The account suits businesses that conduct international transactions and need strong security measures.

Read Zempler Business Account Review
A fully regulated British Bank, with FSCS protection up to £85,000 on eligible deposits.

Open a FREE Account

ANNA Business Account

ANNA delivers a free business account with:

Real-time invoice management
Instant payment notifications
24-hour in-app support
Free UK transfers
Free card payments
VAT calculation tools
Mobile account setup

ANNA focuses on invoice management and tax assistance features.

Read Anna Business Account Review
Account set up takes less than 10 minutes

Open a FREE Account

Free Business Bank Account Comparison 2025: Fees and Features

Each UK business bank account offers different services, fees, and features. The following comparison shows the specific details of free business bank accounts to help select the right one for your business needs.

Account	Fee/Service	Cost
Tide Business Account	Monthly Fee	£0/m
	Your Tide business card	Free
	Expense Cards for your team	£5 / month
	Transfer In & Out	20p per transfer
	ATM Withdrawals	£1
	Foreign Currency Card Transactions	1.75% fee
Zempler Business Account	Monthly Fee	£0/m
	Initial Card Fee	£9.95
	Cash Withdrawals UK (terms apply*)	£2.00
	Cash Withdrawals Abroad (terms apply*)	£3.00
	Sending Money (Payments & Transfers)	3 free a month (30p after)
	Receiving Money (Payments & Transfers)	Free & unlimited
	Cash Deposits at UK Post Office	£3 minimum fee (or 0.5% of the total amount paid in)
	Card Spend Abroad	2.99% non-sterling transaction fee
	International Inbound Payment	£15
	Additional Cards (up to 20)	£5.95 each
	Direct Debit Rejected Payment Fee (max charge)	£15 (£90 max per month)
ANNA Business Account	Monthly Fee	£0 (pay per transaction)
	Local Bank Transfers (in/out)	20p per bank transfer
	ATM Withdrawals	£1 per ATM withdrawal
	International Payments	£5 per SWIFT payment
	Currency Conversion Fee (for transfers)	1% fee
	CHAPS Payments	£5 per CHAPS payment
	Personal Payment Link for Accepting Payments	1% commission
	Extra Expense Cards	£3 per extra card per month
	Pay Cash In	1% commission
	Pots	£1 per pot monthly
	Cashback on Purchases	Up to 40% cash back on over 150 products and services
	Instant Invoicing	Free with QuickPay functionality
	Receipt Capture (Automatic Categorization)	Free
	XLS VAT Filing	£3.50 + VAT per filing
	Accounts Integration	Free (sync with Xero, share access with accountant)
	ANNA + Taxes Included	Free for the first month