Best Business Bank Accounts UK

If your business crosses borders, Revolut’s Basic Business Banking Account carries a suite of helpful features. Spend in over 150 currencies and exchange £1,000 per month at the interbank rate.

That means you can avoid the stress of juggling multiple tools by managing your money, charging customers and sending payments across the globe all from one place.

Revolut key features:

• Spend in 150+ currencies
• Take payments via phone, card reader, web and more
• Exchange £1,000 per month at the interbank rate
• No-fee international transfers at higher paid tiers
• 10 free local transfers per month
• Great mobile app
• Integrate accounting software

Who can apply?

Companies applying for a business account with Revolut should be active and fully incorporated. Your legal home address should be in the UK, European Economic Area (EEA), Switzerland, Australia, Singapore or the United States.

To find out more, read NerdWallet’s Revolut Business Account Review.

Pros:

• Great international transfer features
• Extensive options for taking payments
• Enjoy smart features with Revolut’s innovative banking app

Cons:

• Accounts not FSCS protected
• All accounts have a monthly fee
• You cannot deposit cash or cheques

A Barclays Business Account includes free basic transactions and no monthly fees for 12 months, keeping more money in your business’s pocket. 

If you worry about the challenges of running and growing a business, Barclays offers tailored support across a huge range of sectors, ensuring your venture has what it needs to flourish. 

A great option for those looking to scale, account holders are in line for great savings on bookkeeping software, business insurance and more through Barclays’s marketplace of partners.

Barclays key features:

• Free basic transactions
• No monthly fee for 12 months
• FSCS protected
• Free FreshBooks accounting software
• Save big on business purchases from partners like Meta and AWS
• Dedicated sector-specific support
• Bank online, via app, over the phone or in branch

Who can apply?

You must be 18 years old or above and have the right to live in the UK. The account is for sole traders and limited companies.

For more details, read NerdWallet’s Barclays Business Account Review.

Pros:

• Free basic transactions
• Free access to FreshBooks accounting software
• Help when you need it, thanks to extensive business support options

Cons:

• Monthly fee of £8.50

A cost-effective business account for seamless global payments, built for modern companies looking to scale across borders.

If your business needs to pay overseas suppliers, manage remote teams, or accept international payments, Airwallex is a great choice as an alternative to a traditional business bank account.

Airwallex Key Features:

• Global Account with local bank details in 60+ countries to hold and manage 20+ currencies.
• Fast and cost-effective international transfers to 120+ countries.
• Interbank exchange rates — no hidden FX fees.
• Virtual and physical company card with no international transaction fees.
• Integrates with leading tools like Xero, QuickBooks and NetSuite.
• Open to businesses in the UK and 60+ countries worldwide.
  

Who can apply?
Limited companies, LLPs, sole traders and partnerships in the UK and many other countries.

Pros:

• Free plan available if you meet balance/deposit threshold
• Save on international payments and FX fees
• Great for remote or international teams
• Handy integrations with accounting software
  

Cons:

• No FSCS protection
• Can’t deposit cash or cheques
• No loans or overdraft facilities

Get ethical banking and keep your costs down with The Co-operative Bank’s Business Bank Account, which has no monthly fees or charges for basic UK transactions. 

In addition to its Business Bank Account, The Co-operative Bank’s Charity and Community Account is an excellent option for charities, co-operatives and community groups. 

Co-operative Bank key features:

• No monthly fee and no fee for basic transactions
• Strong options for charities
• FSCS protected
• Integrate accounting software from Sage, Xero and QuickBooks
• Access to Clover payment terminals for £1 a month for the first 12 months (fees apply)
• Free unlimited access to the Go Get Paid app
• Rated ‘Excellent’ on Trustpilot
• Bank online, via app, over the phone or in branch
• Ethical banking policy

Who can apply?

This account is for sole traders, partnerships, limited liability partnerships and limited companies with one director and a business address in the UK. Applicants and key people must be 18 or over and UK residents.

For more details, read NerdWallet’s The Co-operative Bank Business Account Review.

Pros:

• No monthly service fee
• Free basic transactions
• Account management online, by phone, via app or branch
• Arranged business overdraft of up to £250,000

Cons:

• No branches in Northern Ireland

Zempler Bank’s Business Go account is a solid option with no monthly fees, as well as invoicing tools and cash flow tracking to help you stay in control of your business’s revenue.

The account will particularly suit businesses with low credit ratings, as no credit check is required. If you want to avoid wasting time on failed applications, Zempler might be a good option.

Zempler Bank key features: 

• No monthly fee
• FSCS protected
• No credit checks
• Business Creditbuilder tool
• Integrate accounting software from Sage, Xero or QuickBooks
• Manage invoicing, receipts and more with Zempler’s business tools

Who can apply?

This account is open to sole traders, limited companies, partnerships and charities.

For further details, see our Zempler Bank Business Account Review

Pros:

• No monthly fee
• Simple account opening with no credit checks
• Same-day account opening for 99.9% of customers
• Overdraft available

Cons:

• No cheque deposits
• No branches
• Transfers out cost 35p each when monthly allowance is exceeded

A straightforward UK business account with unlimited transactions and interest-earning potential.

Ideal for UK-based small business owners looking for a solid, no-frills business account.

Cynergy Bank Key Features:

• A full year to try without any cost, then £5/month.
• Unlimited free standard transactions.
• Cash deposits at HSBC branches for 65p per £100 and free cheque deposits.
• Earn interest on your current account balance.
• Access to business loans.
• FSCS protection up to £85,000.
• Same-day account opening available.
  

Who can apply?

UK-based partnerships, limited companies, and LLPs.

Pros:

• Free for the first year
• Unlimited free transactions
• Interest-earning current account
• Same-day setup possible
  

Cons:

• £5/month after the first year
• No integration with accounting software
• Mobile app has mixed reviews

A simple, fee-free account for managing expenses and issuing virtual debit cards that offers an impressive alternative to traditional business banking. 

Designed for startups, SMEs, and digital-first teams, this account helps you control spending. A smart choice for businesses needing scalable card and expense management.

Wallester Key Features:

• 300 free Virtual Cards included on the plan.
• Unlimited physical cards available.
• Global card use anywhere that accepts Visa.
• International card payments in 10 currencies.
• No monthly fees or setup costs.
• Integrated accounting with QuickBooks and Xero.
• Real-time expense tracking and budget control tools.
  

Who Can Apply?

UK, Swiss, or EEA-registered businesses.

Pros:

• No monthly subscription fee
• Issue hundreds of business expense cards instantly
• Great for international and remote teams
• Smart budgeting and expense management tools
  

Cons:

• Not a full-featured business bank account
• No overdraft or business loan options
• Mobile app has mixed reviews
• Not covered by the FSCS protection scheme

Designed for sole traders and small businesses who want to keep things simple, Countingup combines a business current account with built-in accounting tools. 

You only pay for what you use as pricing is based on how much you deposit each month.

Here’s how it works:

• Deposit under £750/month? You’ll pay £3/month.
• Deposit between £750–£7,500? It’s £9/month.
• Over £7,500/month? That’s £18/month.
  

Countingup Key Features:

• All-in-one account with built-in accounting.
• Auto-categorises transactions & estimates tax.
• Real-time profit/loss dashboard.
• Fast account opening.
• App rated highly for ease of use.
  

Who Can Apply?

UK residents aged 18+ who are either sole traders or directors of limited companies.

For more information, read NerdWallet’s Countingup Business Account Review.

Pros:

• Built-in accounting tools – no need for separate software
• Quick, fully digital application
• Great for solo business owners
• Transparent pricing tied to deposit volume
• Cash deposits supported at Post Office branches – (0.5%, £2 minimum)

Cons:

• No free plan available
• Transactions cost at least 30p each
• Doesn’t support cheque deposits
• No FSCS protection