Compare Small Business Bank Accounts

  • Choosing the right bank account for your SME is an important step
  • Business current accounts are available for all types of small business
  • Compare features, eligibility requirements and costs carefully to find the right account for your needs

Choose your business current account options

29 products found
  • HSBC logo

    HSBC Kinetic

    • Monthly Fee
      £6.50*
    • Card Purchases
      Free
    • Bank Transfers
      Free
    • Overdraft
    • Access
      App & Online
  • Mettle logo

    Mettle by NatWest

    • Monthly Fee
      Free
    • Card Purchases
      Free
    • Bank Transfers
      Free
    • Overdraft
    • Access
      App & Online
    • Virgin Money logo

      Virgin Money M Account for Business

      • Monthly Fee
        Free
      • Card Purchases
        Free
      • Bank Transfers
        Free
      • Overdraft
      • Access
        App/Online
    • Virgin Money logo

      Virgin Money Business Current Account

      • Monthly Fee
        £6.50
      • Card Purchases
        Free
      • Bank Transfers
        Free
      • Overdraft
      • Access
        Branch, app & online
    • See 1 more Virgin Money product
    • NatWest logo

      NatWest Start Ups Business Bank Account

      • Monthly Fee
        Free
      • Card Purchases
        Free
      • Bank Transfers
        35p
      • Overdraft
      • Access
        App & Online
    • NatWest logo

      NatWest Business Bank Account (Standard Tariff)

      • Monthly Fee
        Free
      • Card Purchases
        Free
      • Bank Transfers
        35p
      • Overdraft
      • Access
        App & Online
    • See 1 more NatWest product
    • Tide logo

      Tide Business Bank Account

      • Monthly Fee
        Free
      • Card Purchases
        Free
      • Bank Transfers
        20p
      • Overdraft
      • Access
        App & Online
    • Tide logo

      Tide Plus Business Bank Account

      • Monthly Fee
        £9.99
      • Card Purchases
        Free
      • Bank Transfers
        Free
      • Overdraft
      • Access
        App & Online
    • Tide logo

      Tide Cashback Business Bank Account

      • Monthly Fee
        £49.99
      • Card Purchases
        Free
      • Bank Transfers
        Free
      • Overdraft
      • Access
        App & Online
    • See 2 more Tide products
    • ANNA Money logo

      ANNA Money - Pay as you go

      • Monthly Fee
        Free
      • Card Purchases
        Free
      • Bank Transfers
        20p
      • Overdraft
      • Access
        App only
    • ANNA Money logo

      ANNA Money - Business

      • Monthly Fee
        £14.90
      • Card Purchases
        Free
      • Bank Transfers
        Free
      • Overdraft
      • Access
        App only
    • ANNA Money logo

      ANNA Money - Big Business

      • Monthly Fee
        £49.90
      • Card Purchases
        Free
      • Bank Transfers
        Free
      • Overdraft
      • Access
        App only
    • See 2 more ANNA Money products
    • Cashplus logo

      Cashplus Business Bank Account

      • Monthly Fee
        Free
      • Card Purchases
        Free
      • Bank Transfers
        30p
      • Overdraft
      • Access
        App & Online
    • Cashplus logo

      Cashplus Business Bank Account with 1% Cashback

      • Monthly Fee
        £69 per year
      • Card Purchases
        Free
      • Bank Transfers
        99p
      • Overdraft
      • Access
        App & Online
    • See 1 more Cashplus product
  • The Co-operative Bank logo

    The Co-operative Bank Business Current Account

    • Monthly Fee
      £10*
    • Card Purchases
      Free
    • Bank Transfers
      Free
    • Overdraft
    • Access
      Branch, App & Online
  • Royal Bank of Scotland logo

    RBS Start Ups Business Bank Account

    • Monthly Fee
      Free
    • Card Purchases
      Free
    • Bank Transfers
      35p
    • Overdraft
    • Access
      App & Online
  • Card One Money logo

    Card One Money Business Account

    • Monthly Fee
      £12.50*
    • Card Purchases
      Free
    • Bank Transfers
      30p
    • Overdraft
    • Access
      App & Online
    • Countingup logo

      Countingup Business Account (Starter)

      • Monthly Fee
        £3
      • Card Purchases
        Free
      • Bank Transfers
        30p
      • Overdraft
      • Access
        App only
    • Countingup logo

      Countingup Business Account (Standard)

      • Monthly Fee
        £9
      • Card Purchases
        Free
      • Bank Transfers
        30p
      • Overdraft
      • Access
        App only
    • Countingup logo

      Countingup Business Account (Premium)

      • Monthly Fee
        £18
      • Card Purchases
        Free
      • Bank Transfers
        30p
      • Overdraft
      • Access
        App only
    • See 2 more Countingup products
    • Revolut logo

      Companies: Revolut Free

      • Monthly Fee
        Free
      • Card Purchases
        Free
      • Bank Transfers
        Free
      • Overdraft
      • Access
        App & Online
    • Revolut logo

      Companies: Revolut Grow

      • Monthly Fee
        £25
      • Card Purchases
        Free
      • Bank Transfers
        Free
      • Overdraft
      • Access
        App & Online
    • Revolut logo

      Companies: Revolut Scale

      • Monthly Fee
        £100
      • Card Purchases
        Free
      • Bank Transfers
        Free
      • Overdraft
      • Access
        App & Online
    • Revolut logo

      Freelancer: Revolut Free

      • Monthly Fee
        Free
      • Card Purchases
        Free
      • Bank Transfers
        Free
      • Overdraft
      • Access
        App & Online
    • Revolut logo

      Companies: Revolut Enterprise

      • Monthly Fee
        Contact Revolut for details
      • Card Purchases
        Free
      • Bank Transfers
        Free
      • Overdraft
      • Access
        App & Online
    • Revolut logo

      Freelancer: Revolut Professional

      • Monthly Fee
        £7
      • Card Purchases
        Free
      • Bank Transfers
        Free
      • Overdraft
      • Access
        App & Online
    • See 5 more Revolut products
  • Acorn logo

    Acorn Business Account

    • Monthly Fee
      £12.50
    • Card Purchases
      Free
    • Bank Transfers
      30p
    • Overdraft
    • Access
      App & Online
  • Fair Everywhere logo

    Fair Everywhere Business Account

    • Monthly Fee
      £12.50
    • Card Purchases
      Free
    • Bank Transfers
      30p
    • Overdraft
    • Access
      App & Online
  • Lloyds Bank logo

    Lloyds Bank Business Banking Start Up Account

    • Monthly Fee
      £7*
    • Card Purchases
      Free
    • Bank Transfers
      Free
    • Overdraft
    • Access
      Branch, App or Online

Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. Use the drop down menu at the top of the page to order by other criteria.

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Last updated on 11 August 2022.

Small Business Bank Accounts

What is a small business bank account?

When you start your own fledgling business, you will usually require a small business bank account to help keep your business transactions separate from your personal transactions. A small business bank account will offer a range of features that allow you to carry out transactions such as paying bills, receiving payments, taking cash out from an ATM, using a card, paying by direct debit and standing order and keeping track of your finances.

However, each small business bank account is different, and it pays to do some serious research before deciding which account is right for you.

Do I need a bank account for my small business?

If you have set up your business as a limited company, registered with Companies House, then yes, you are legally obliged to open a business bank account. Although the type of business bank account you open is usually up to you.

If you are a sole trader you can use your personal account for your business transactions, although you may still find that opening a business account has its benefits.

Why is a business bank account for your small business important?

Starting a small business means keeping on top of the details. When you’re paying attention to every penny spent, a good business account allows you to track everything from the very beginning of your small business’s existence. Combining your business transactions with your personal transactions can make it more difficult to keep on top of your business accounts.

What do you need to apply for a small business bank account?

Once you’ve made the leap to start a small business, you will usually need proof of ID for all named company directors, such as a passport or driver’s licence, and proof of address. You will also need a certificate of incorporation and the name under which your small business is registered.

How much does a small business account cost?

The fees for small business accounts will vary depending on the provider and the type of account, but you should expect to pay for the handling of your small business’s money in some shape or form.

Your small business can be charged a monthly or an annual fee by your account provider. Your business may also incur a fee when opening your small business bank account.

Another means of paying for your small business account can be through fees paid on deposits. Again, these fees will differ between providers. Other types of transactions may also carry fees.

Some small business accounts might offer an initial period where no monthly or annual fees are charged, although transaction charges will usually continue.

Do small business accounts offer overdrafts?

Some small business accounts will offer you an overdraft facility. The interest charged on your overdraft will differ depending on the account and your circumstances.

Can you receive interest on the money in your account?

Depending on the provider and product you choose you may be able to receive interest on funds within your small business bank account. Different banks will offer different rates, so consider if this is something important to your small business when you begin operating. Bear in mind that you may need to declare the interest earned on your balance in your tax return.

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