Business Bank Accounts


Looking for a bank account to help grow your business? Compare the 10 best business bank accounts (also known as cheque accounts) based on credit interest (at £1,000 balance) and longest introductory free banking period.
Company% GrossNotice / TermDeposit


Business Current Account
1.010None10000.00


Business Current Account
0.250None0.01


Business Directplus
0.000None1000.00


Select Account
0.000None10.00


Business Plus Account
0.050None0.01


Business Current Extra
0.050None500.00


Business Current Account
0.000None0.00


Business Current Account
0.000None0.00


Business Current Account
0.000None0.00


Business Current Account
0.000None0.00
Last Updated: Tuesday 4 August 2015 17:29

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to open an account today. Products shown with a yellow background are sponsored products.

 

What are business current accounts?

Choosing a business current account is an important decision – particularly if you are a new start-up. You’ll need to take into consideration factors such as the bank or building society’s reputation for dealing with business customers (this can be quite different to that experienced by private customers), as well as fees, overdraft facility and whether online and/or telephone banking is offered. For a more detailed guide on the things to look out for when choosing a business current account, click here.

The provider you choose will have different opening requirements; but generally, when you open a business current account, you may need to provide the following documentation:

  • You’ll need to provide personal ID, usually one form of address ID such as a utility bill, and one piece of identification that proves you are who you say you are such as a passport or driving licence.
  • Depending on your business structure you may need to provide a partnership agreement, certificate of incorporation, trust deed or constitution (for clubs, charities, etc.).
  • If you’re a new start-up you’ll have to show your business plans and cashflow forecasts. Businesses already running will have to provide two or three years’ audited accounts.
  • For a new start-up you may have to show your personal bank statements for a set period or, if you’re an existing business switching over, bank statements from your existing business current account.

Our business current account best buys

Our business current account best buys are a selection of the most competitive accounts on offer to sole traders, partnerships and limited companies; however, we don’t show accounts available to charities or clubs.

Return to Business Finance

 

 
Business Moneyfacts Awards 2015
Business Moneyfacts Awards 2015

Earlier this year, the 2015 Business Moneyfacts Awards took place at a gala ceremony held at the Lan... More

Business Moneyfacts award winners announced
Business Moneyfacts award winners announced

The world of business finance gathered together last night to celebrate the 2015 Business Moneyfacts... More

SMEs: do you keep track of your insurance?
SMEs: do you keep track of your insurance?

Having the right insurance is a vital part of any business, but unfortunately, not all companies are... More

Corporate foreign exchange and intl’ payments
Corporate foreign exchange and intl’ payments

Being able to make international payments swiftly, simply and, above all, cost-effectively, will be ... More

Record month for SME lending
Record month for SME lending

September was a record month for lending to small and medium-sized enterprises (SMEs), figures from ... More

Where to find the best-paying Charity Accounts
Where to find the best-paying Charity Accounts

Is your charity business account paying little interest? Find the best paying charity accounts here... More

Choosing a Business Current Account
Choosing a Business Current Account

When it comes to the day-to-day running of your business, the financial product that you need to be ... More

Business notice account enters the charts
Business notice account enters the charts

Mansfield Building Society has opened up its 30-day notice business account to businesses located ou... More

Business account keeps chart place
Business account keeps chart place

United Bank UK has reduced the rate of its one-year fixed business bond, but despite this, it has re... More

Business bonds get a rate boost
Business bonds get a rate boost

Bank of Cyprus UK has increased the rates of its fixed rate bonds, securing its one-year deals place... More

1-yr business bond tops the charts
1-yr business bond tops the charts

Aldermore has amended its business deposit accounts by up to 0.24%, sending its one-year fixed bond ... More

1-yr business bond gets rate boost
1-yr business bond gets rate boost

Aldermore has increased the rate of its one-year business bond by 0.25%, cementing its position at t... More

Close