What is the best business current account? | moneyfacts.co.uk

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nigel woollsey

Nigel Woollsey

Online Writer
Published: 11/05/2022
person writing in notebook with two laptops open

How do we decide which business current accounts get the best rating?

Moneyfacts financial experts take a microscope to thousands of products on an annual basis. The results are our Annual Star Ratings which are respected for their attention to detail and impartiality.

We look closely at the features and benefits of business current accounts to determine the truly best in class for consumers. Examples of the kind of features we look for are shown in the section below – ‘What elements do we use to determine a star rating?’.

Our business experts carefully evaluate the range of benefits to decide on those that merit a Moneyfacts five or four-star rating. These are the products that consumers can trust to provide the best business current account.

How can I find the best Business Current Account for me?

Our star rating system makes it easy for you to pick out the truly exceptional business current account products. Choosing from our five or four-star rated products means you can be assured you are choosing a quality business current account, that has been rated by experts, as being one of the best available.

What elements do we use to determine a star rating?

We consider an extensive range of features when assigning a star rating for business current accounts. These include:

Features

  • Introductory offers
  • Credit interest
  • Overdraft availability
  • Standing charges
  • Cash withdrawal facilities and charges
  • Debit transaction charges
  • Credit transaction charges
  • Statement fees
  • Transfers and faster payments
  • Facilities and charges
  • Cash exchanging facilities and charges

Features

  • Introductory offers
  • Credit interest
  • Overdraft availability
  • Standing charges
  • Cash withdrawal facilities and charges
  • Debit transaction charges
  • Credit transaction charges
  • Statement fees
  • Transfers and faster payments
  • Facilities and charges
  • Cash exchanging facilities and charges

Benefits

  • Loyalty bonus
  • Exclusive offers
  • Satisfaction guarantees
  • Emergency card
  • Preferential deals on other financial products








Benefits

  • Loyalty bonus
  • Exclusive offers
  • Satisfaction guarantees
  • Emergency card
  • Preferential deals on other financial products








Flexibility

  • Account management
  • Card availability
  • Services from other banks and branches










Flexibility

  • Account management
  • Card availability
  • Services from other banks and branches










Features

  • Introductory offers
  • Credit interest
  • Overdraft availability
  • Standing charges
  • Cash withdrawal facilities and charges
  • Debit transaction charges
  • Credit transaction charges
  • Statement fees
  • Transfers and faster payments
  • Facilities and charges
  • Cash exchanging facilities and charges

Features

  • Introductory offers
  • Credit interest
  • Overdraft availability
  • Standing charges
  • Cash withdrawal facilities and charges
  • Debit transaction charges
  • Credit transaction charges
  • Statement fees
  • Transfers and faster payments
  • Facilities and charges
  • Cash exchanging facilities and charges

Benefits

  • Loyalty bonus
  • Exclusive offers
  • Satisfaction guarantees
  • Emergency card
  • Preferential deals on other financial products








Benefits

  • Loyalty bonus
  • Exclusive offers
  • Satisfaction guarantees
  • Emergency card
  • Preferential deals on other financial products








Flexibility

  • Account management
  • Card availability
  • Services from other banks and branches










Flexibility

  • Account management
  • Card availability
  • Services from other banks and branches










Features

  • Introductory offers
  • Credit interest
  • Overdraft availability
  • Standing charges
  • Cash withdrawal facilities and charges
  • Debit transaction charges
  • Credit transaction charges
  • Statement fees
  • Transfers and faster payments
  • Facilities and charges
  • Cash exchanging facilities and charges

Features

  • Introductory offers
  • Credit interest
  • Overdraft availability
  • Standing charges
  • Cash withdrawal facilities and charges
  • Debit transaction charges
  • Credit transaction charges
  • Statement fees
  • Transfers and faster payments
  • Facilities and charges
  • Cash exchanging facilities and charges

Benefits

  • Loyalty bonus
  • Exclusive offers
  • Satisfaction guarantees
  • Emergency card
  • Preferential deals on other financial products








Benefits

  • Loyalty bonus
  • Exclusive offers
  • Satisfaction guarantees
  • Emergency card
  • Preferential deals on other financial products








Flexibility

  • Account management
  • Card availability
  • Services from other banks and branches










Flexibility

  • Account management
  • Card availability
  • Services from other banks and branches










Business and Community Current Account Star Ratings 2022

Click the headings below to see the full list of star ratings awarded.

Business Current Accounts - Five Star

AIB - Standard Business Current Account
Bank of Ireland UK - Business Current (NI) Agri Package
Bank of Ireland UK - Business Current (NI) Small Business Growth
Bank of Ireland UK - Business Current (NI) Small Business Start Up
Bank of Scotland - Business Current Account
Barclays Bank - Business Current Account e-Payments Plan
Barclays Bank - Business Current Account Mixed Payments Plan
Cumberland BS - Business Current Option A
Cumberland BS - Business Current Option B
Danske Bank - Danske Small Business Digital
HSBC - Small Business Banking Account
Lloyds Bank - Business Current Account
Metro Bank - Business Bank Account
NatWest - Business Current Account Standard Tariff
NatWest - Business Foundation Account Standard Tariff
NatWest - Community Account
Royal Bank of Scotland - Business Current Account Standard Tariff
Royal Bank of Scotland - Business Foundation Account Foundation
Royal Bank of Scotland - Community Account
Santander - 123 Business Current Account
Santander - Business Current Account
The Co-operative Bank - Business Current Account
The Co-operative Bank - Business Directplus
The Co-operative Bank - Cash Tariff
The Co-operative Bank - Community Directplus
The Co-operative Bank - FSB Business Banking
TSB - Business Plus
Ulster Bank - Business Current Account
Virgin Money - Business Current Account Business Tariff
Virgin Money - Professional Firms Client Account Designated Clients Funds

Business Current Accounts - Four Star

Allied Irish Bank (GB) - Business Plus
Allied Irish Bank (GB) - Business Current Extra
Bank of Scotland - Business Account Electronic Business Tariff
Barclays Bank - Business Current Account Business Tariff
Lloyds Bank - Business Account Electronic Business Tariff
Metro Bank - Client Premium Deposit Account
Starling Bank - Business Current Account
Starling Bank - Sole Trader Current Account
The Co-operative Bank - Standard Tariff

Community Business Current Accounts - Five Star

Bank of Scotland - Treasurers’ Account
Barclays Bank - Community Account
Cumberland BS - Business Current Schools Standard Free
Lloyds Bank - Treasurers’ Account
Santander - Treasurer's Current Account
Ulster Bank - Business Current Account Community Bank Account
Virgin Money - Business Charity Choice Account

Community Business Current Accounts - Four Star

Danske Bank - Danske Charity Account
Danske Bank - Danske Community Account
HSBC - Charitable Bank Account
Metro Bank - Community Account

Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

person writing in notebook with two laptops open

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