What is a start up business bank account?
A start up bank account is specifically designed for new businesses and is separate from your personal bank account. As with a personal bank account, you can make deposits and withdrawals, buy goods or services using a debit card and, in some cases, access an overdraft. While business accounts will often charge fees and transaction costs, they can also provide extra tools and services useful for businesses, such as business support and accounting software.
You can open a start up business account with a high street bank, or through online-only challenger banks and app-based platforms.
Whether you are a sole trader or a limited company, our Nerds have provided key information and a breakdown of major business banking providers to help you understand some of the important factors to consider when choosing the right account to suit your business needs. See our business bank account page to learn more about how to choose a business bank account, as well as features, charges and more.