Zempler Bank Business Account Review: Pros, Cons & Features

The Zempler Bank business account has something to offer everyone, but if you or your business have bad credit, the absence of a credit check is where the account may come into its own. 

The paid-for Business Extra account from Zempler Bank (which was formerly known as Cashplus) even allows you to build your credit history through its Business Creditbuilder feature.

» MORE: Compare business bank accounts

Zempler Bank Business Go Account

3.8 NerdWallet's ratings

Monthly Fee
Free

UK Card Purchase Fees
Free

UK Bank Transfer Fees
3 free per month

Offer
n/a

Eligibility Criteria

• Available to UK registered companies with at least one UK resident director or UK-based sole traders and self-employed
• Applicants must be aged 18+ and have a valid UK phone number and residential address

NerdWallet's Review Summary

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.

NerdWallet's Pros & Cons

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

See Deal

This product may be one of a range offered by this provider. Always check terms & conditions for suitability before applying.

Learn more about how we bring you our review.

Zempler Bank, a digital-only UK challenger bank formerly known as Cashplus, has established itself as a leading provider of consumer and business banking and lending services. Zempler Bank is authorised by the Prudential Regulation Authority and is regulated by the Financial Conduct Authority.

Zempler Bank introduced the first general-purpose prepaid card in the UK in 2005, and, it claims, the first instant approval online business account. More recently, in February 2021, Zempler Bank secured a full UK bank licence.

For businesses, Zempler Bank offers multiple accounts: the Business Go, Business Extra and Business Pro accounts. All accounts allow you to automatically categorise your spending to create reports and can be integrated with accounting software, such as Xero, QuickBooks and Sage.

Business Go

Zempler Bank’s Business Go account has no monthly fee and comes with the following features and fees:

• an account limit of £500,000
• three free in-app or online payments per month, with any payments outside of that allowance costing 35p per transaction
• a free contactless Mastercard, with additional debit cards costing £5.95 per card
• a £2 fee per ATM use (£3 for non-UK ATMs)
• a £4 minimum or 0.55% fee for cash deposits at the Post Office

This means it may be better suited to smaller businesses that don’t need to make a large number of payments.

With a Business Go account you don’t have access to the Zempler Bank Business Creditbuilder, nor will you receive cashback on your card spend.

Business Extra

The Zempler Bank Business Extra account costs £9 a month, and comes with the following features and fees:

• an account limit of £500,000
• 20 free in-app or online payments, then costing 35p per transaction 
• 0.5% cashback on your card spend
• free contactless Mastercard, with additional debit cards costing £5.95 each
• free ATM withdrawals in the UK or abroad
• a £4 minimum or 0.55% fee for cash deposits at the Post Office

With Business Extra, you will also have access to the Zempler Bank Business Creditbuilder. With this add-on, Zempler Bank lends you the equivalent of 12 months of fees (£108 for the £9 per month Business Extra account). Zempler Bank holds these funds separately so that you cannot see or use them. Your payment of the standard £9 monthly fee for the account is taken as payment of the Creditbuilder loan. If you pay on time for a year, this may then help boost your business credit score, as it shows credit agencies that you can make regular payments without a hitch.

Business Pro

The Business Pro account costs £19 a month. It includes the following features and fees:

• an unlimited account limit
• 500 free payments and transfers per month (35p each afterwards)
• 1% cashback on card spend
• a free Business Pro card
• free ATM withdrawals in the UK or abroad 
• a £4 minimum or 0.55% fee for cash deposits at the Post Office

Zempler Bank business account features: at a glance

Where the Zempler Bank business account stands out

• Building credit history: If you pay for a Business Extra account, you will have access to the Zempler Bank Business Creditbuilder. If you activate this add-on, and meet your standard monthly account fee payments on time for a year, this may help your business improve its credit score. 

• Quick set-up: Zempler Bank claims that 99.93% of its business customers were able to access their accounts on the same day as their application. This quick set-up is, in part, because Zempler Bank does not conduct a credit check when reviewing your application.

• Sole traders, limited companies and LLPs: Zempler Bank offers accounts to partnerships as well as sole traders, limited companies and trustees – not every bank does this.

Where Zempler Bank business account falls short

• Transaction costs: You only get a small number of free payments on the Business Go (three) Business Extra (20) accounts before you need to pay (Pro has unlimited transactions but costs £19 a month). There is also a fee to use an ATM if you only have a free account with Zempler Bank as well as costs for making Post Office cash deposits for all account holders.
• No cheque deposits: You cannot deposit cheques.

• No branch access: Zempler Bank does not have any branches. This means you cannot visit a physical location to ask questions or make transactions, beyond visiting the Post Office to deposit cash.

Zempler Bank business account customer reviews

Zempler Bank customers have left reviews on a range of sites. Generally, these reviews are positive.

It’s worth remembering that some of these reviews are from all Zempler Bank customers, not just its business banking customers. 

• App Store: 4.7 out of 5, based on over 57,800 reviews
• Google Play: 4.4 out of 5, based on over 27,100 reviews
• Trustpilot: 3.7 out of 5, based on over 13,600 reviews

This information is correct as of 1 September 2025.

Zempler Bank business account eligibility

To open a Zempler Bank business account, you will need to:

• be a UK resident
• have a business based in the UK
• be at least 18 years old

Sole traders, partnerships, limited companies, trustees and other approved legal business entities are all eligible to apply for a Zempler Bank account. There are no credit checks, so you can apply if you or your business has a poor credit history.

To apply for a Zempler Bank business account, you will likely need to complete the following steps:

1. Click the See Deal button at the top of the page.
2. Select whether you want to apply for a Business Go or Business Extra account and fill in an online form.
3. Provide personal and business information, including business type, name and registration number (where applicable).
4. Wait for Zempler Bank to approve your business account.

About the Authors

Tim Leonard

Tim is a lead writer at NerdWallet and holds the Chartered Insurance Institute (CII) Level 3 Certificate in Mortgage Advice. He has over 20 years’ experience writing about almost all…

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