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June 2024

Top Business Current Accounts | UK

Top Business Current Accounts

United Kingdom UK – June 2024
  • Regulated banking services.
  • Best for SMBs and sole proprietors.
  • Online business verification.
How we rank
Customer testimonials, security level, pricing and main advantages are all considered when ranking banking service providers.

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Pricing Card Regulation Main Advantages Score Open an Account
  • No monthly fee
EMI
  • Leading business services provider in the UK
  • Save on fees with multi-currency account
  • Full business management in one simple app
  • Professional 24/7 support
9.8
Unlock 1 month of a paid plan without subscription fees.
Unlock 1 month of a paid plan without subscription fees.

Payments

Multi-currency invioces
  • 25+ currencies
Send multi-currency invoices in 25+ currencies for FREE.
Multiple payments
  • Recurring and not
Manage payments to suppliers, software service providers and contractors. Easy CSV upload for single- or multi-currency payroll, payments and bills.
Accept payments
  • Digital & in-person
Create payment links, QR codes, in-repson method with Revolut Reader, Revolut Pay.
Financial control
  • Custom rules
Custom approval rules for outgoing payments, automatically declining all payments, assigning role-based approvals.
Cashback
  • Up to 1.9%
Up to 1.5% for free plan and up to 1.9% for paid plans on all qualifying card spend.

Awards

2020 Winner – Innovation of the Year

Accounting Tools

  • Payroll
  • Bookkeeping
  • Invoicing, bulk payments
  • Spend management
  • Payments on your website
  • Integrations: Xero, Quickbooks and more

Security Features

  • EMI, authorised under the UK Electronic Money Regulations
  • 3D secured cards
  • Flag suspicious transactions
  • Expense limits and unique permissions
  • Smart card rules: from who, to what, to where

Account Access

mobile-icon desktop-icon
Based on 119361 reviews
  • No monthly fee
FCA
  • Pays the incorporation fee on your behalf
  • Manage business operations via the app
  • Sync Quickbooks, Xero, Sage and more
  • Hold up to 5 business accounts
9.5

Payments

Built-in accounting software
  • £6.99 +VAT / mo.
Track performance with brilliant bookkeeping and get your taxes right first time, on time.
Forecast cash flow
  • 30 days ahead
See your predicted account balance 30 days ahead and get suggested actions to improve your cash flow.
Unlimited transfers
  • £18.99 + VAT / mo.
Cash deposits
  • 0.5% of the total deposit
£2.50 for deposits up to £500 or 0.5% of the total deposit amount for deposits over £500.

Accounting Tools

  • Automate tax and accounting
  • Control company spending
  • Forecast cash flow
  • Bookkeeping
  • Invoicing

Security Features

  • FSCS-protected on balance up to £85K
  • ISO 27001 certified
  • Two-factor security with mobile

Account Access

mobile-icon desktop-icon
Based on 15292 reviews
  • No monthly fee
FCA
  • Multi-director access to your account
  • In-app card locking & custom card settings
  • Separate spaces for separate costs
  • UK-based customer support
9.1

Payments

UK bank transfers
  • Free
Up to £250,000 per UK bank transaction and £100,000 per internation bank transaction.
International payments
  • 36 countries
Cash deposits
  • 0.7% fee
Min. £3 fee.

Accounting Tools

  • Sync Xero, QuickBooks and more
  • Spending analytics
  • Instant payment notifications
  • Digital receipts

Security Features

  • Card security controls
  • Instant payment notifications
  • Biometric identification
  • 3D Secure technology

Account Access

mobile-icon desktop-icon
Based on 15405 reviews
  • No monthly fee
FCA
  • Use pots to separate money by category
  • Exclusive offers for your business
  • Create payment links or invoices
  • Receive instant transaction notifications
8.8

Payments

UK bank tranfers
  • Free
Outbound payments
  • 30+ countries
Powered by Wise.
Inbound euro payments
  • Fees apply
You get through the SEPA credit transfer scheme.

Accounting Tools

  • Sync Xero, QuickBooks and more
  • Auto-export transactions
  • Invoicing
  • Savings pots

Security Features

  • Payment approval
  • Card freezing
  • Fingerprint, face & PIN protection

Account Access

mobile-icon desktop-icon
Based on 24036 reviews
  • No monthly fee
FCA
  • Tools to manage your business expenses
  • No credit check required
  • Reminders about upcoming HMRC requirements
8.5

Payments

Unlimited transfers
  • £49.90 + VAT / mo.
Pay cash
  • Up to 1% fee
Currency exchange
  • Up to 1% fee

Accounting Tools

  • Invoicing
  • Tax reminders
  • Payroll

Security Features

  • Payment links
  • Pay with the phone
  • Instant payment updates

Account Access

mobile-icon desktop-icon
Based on 2115 reviews
  • Free account
EFSA
  • EUR business account with IBAN
  • Facilitate corporate purchases
  • Company wallets, cards classification
  • Unlimited users & sub-accounts
8.2
Provides various types of business cards
Provides various types of business cards

Payments

Invoice management
  • Digital format
Take photo of invoices and instatly upload them to the system.
Payment approvals
  • Confirming purchase requests from the employees
Payment fees
  • Free between accounts on Premium plan

Accounting Tools

  • Open developer APIs
  • Integrated accounting service
  • Budget management
  • Digital invoices
  • Integrations: Xero, Sage and more

Security Features

  • Cards are protected by 3D secure system
  • Automatic built-in fraud detection
  • Tokenization data protection method

Account Access

mobile-icon desktop-icon
Based on 52 reviews
  • No monthly fee
DFSA
  • Expense management platform for businesses
  • Sync Xero, Quickbooks, Sage and more
  • Automatic categorisation & foreign VAT reclaim
  • Custom format accounting exports
7.9

Payments

Local transfers
  • For free
Currency exchange
  • 2.5% fee
Approval process
  • Automated, real-time tracking
Real-time tracking of invoices, lets you see the status of each payment. Control permissions for each team member.
Incoming invoices
  • Dedicated invoices inbox
With a dedicated invoices inbox and mobile uploads, invoices come straight to Pleo where OCR technology automatically populates data.

Accounting Tools

  • Sync Xero, QuickBooks, sage and more
  • Manage and pay invoices
  • Fetch email receipts

Security Features

  • PCI DSS certificated
  • PSD2 certificated
  • Regular penetration tests

Account Access

mobile-icon desktop-icon
Based on 411 reviews
  • From £6/mo.
FCA
  • Expense management platform for businesses
  • Create teams and departments, set permissions
  • Create dedicated cards for one-off purchases
  • Sync Xero, QuickBooks Online, NetSuite or Sage
7.5

Payments

Transfer Fees
  • 16 GBP/Eur/USD
Withdrawal via Bank Transfer International Payments
Currency exchange
  • 1% fee
For all plans, there is a 1% fee.
Cash
  • Not supported

Accounting Tools

  • Receipt capture
  • VAT management

Security Features

  • Safeguard company money with 3DS and SCA
  • PCI DSS Level 1 accredited
  • ISO 27001 and ISO 9001 certified

Account Access

mobile-icon desktop-icon
Based on 1219 reviews
1
Our Top Choice
Score
9.8
  • Leading business services provider in the UK
  • Save on fees with multi-currency account
Unlock 1 month of a paid plan without subscription fees.
2
Score
9.5
  • Pays the incorporation fee on your behalf
  • Manage business operations via the app
3
Score
9.1
  • Multi-director access to your account
  • In-app card locking & custom card settings
4
Score
8.8
  • Use pots to separate money by category
5
Score
8.5
  • Tools to manage your business expenses
6
Score
8.2
  • EUR business account with IBAN
Provides various types of business cards
7
Score
7.9
  • Expense management platform for businesses
8
Score
7.5
  • Expense management platform for businesses

Why business account?

It’s important to establish a financial identity for your business, whether you’re a freelancer, sole trader, partnership, or corporation. A business bank account is geared towards business activity and is intended to confer the same benefits as a personal bank account.

Revolut Business website screenshot

Revolut

  • Manage business operations in 50+ countries
  • Multi-currency account with more than 25 currencies.
  • Up to 1.9% on all qualifying card spend.
  • Payroll from your Revolut Business account
  • Easily integrates with accounting tools: Xero, QuickBooks, Sage and more.
  • App integrations: Zapier, Slack, Woocommerce, Shopify, Magento, CRM platforms and more.
  • Physical company cards with custom rules for teams.
  • Virtual company cards for an additional layer of security.
Tide website screenshot

Tide

  • Upload receipts, auto-match them to transactions.
  • Automatically tags your income and spending.
  • Syncs with accounting software like Xero, QuickBooks, Sage and more.
  • Send, pay and track invoices in the app.
  • Expense cards – keep track of who’s spending what.
  • Set up sub-accounts to set aside money for expenses.

ANNA Money

  • Connect your personal and business current accounts from other banks to ANNA.
  • Matches receipts and invoices to all your transactions, from any bank account.
  • Create professional invoice PDFs in an instant.
  • Reminders about upcoming HMRC requirements.

Most Chosen by Business Owners

Pricing Card Regulation Main Advantages Score Open an Account
  • No monthly fee
EMI
  • Leading business services provider in the UK
  • Save on fees with multi-currency account
  • Full business management in one simple app
  • Professional 24/7 support
9.8
Unlock 1 month of a paid plan without subscription fees.
Unlock 1 month of a paid plan without subscription fees.

Payments

Multi-currency invioces
  • 25+ currencies
Send multi-currency invoices in 25+ currencies for FREE.
Multiple payments
  • Recurring and not
Manage payments to suppliers, software service providers and contractors. Easy CSV upload for single- or multi-currency payroll, payments and bills.
Accept payments
  • Digital & in-person
Create payment links, QR codes, in-repson method with Revolut Reader, Revolut Pay.
Financial control
  • Custom rules
Custom approval rules for outgoing payments, automatically declining all payments, assigning role-based approvals.
Cashback
  • Up to 1.9%
Up to 1.5% for free plan and up to 1.9% for paid plans on all qualifying card spend.

Awards

2020 Winner – Innovation of the Year

Accounting Tools

  • Payroll
  • Bookkeeping
  • Invoicing, bulk payments
  • Spend management
  • Payments on your website
  • Integrations: Xero, Quickbooks and more

Security Features

  • EMI, authorised under the UK Electronic Money Regulations
  • 3D secured cards
  • Flag suspicious transactions
  • Expense limits and unique permissions
  • Smart card rules: from who, to what, to where

Account Access

mobile-icon desktop-icon
Based on 119361 reviews
  • No monthly fee
FCA
  • Pays the incorporation fee on your behalf
  • Manage business operations via the app
  • Sync Quickbooks, Xero, Sage and more
  • Hold up to 5 business accounts
9.5

Payments

Built-in accounting software
  • £6.99 +VAT / mo.
Track performance with brilliant bookkeeping and get your taxes right first time, on time.
Forecast cash flow
  • 30 days ahead
See your predicted account balance 30 days ahead and get suggested actions to improve your cash flow.
Unlimited transfers
  • £18.99 + VAT / mo.
Cash deposits
  • 0.5% of the total deposit
£2.50 for deposits up to £500 or 0.5% of the total deposit amount for deposits over £500.

Accounting Tools

  • Automate tax and accounting
  • Control company spending
  • Forecast cash flow
  • Bookkeeping
  • Invoicing

Security Features

  • FSCS-protected on balance up to £85K
  • ISO 27001 certified
  • Two-factor security with mobile

Account Access

mobile-icon desktop-icon
Based on 15292 reviews
1
Our Top Choice
Score
9.8
  • Leading business services provider in the UK
  • Save on fees with multi-currency account
Unlock 1 month of a paid plan without subscription fees.
2
  • Pays the incorporation fee on your behalf
  • Manage business operations via the app

Business Account Features

Monthlypayments Icon

Monthly Fees

Accordion button

The leading business banking providers offer the free account. Many of them also offer premium plans, offering additional benefits, so you only have to pay a small fee for the services you use.

Getapprovedfast Icon

Account Access

Accordion button

There are some banks today that allow customers access to their accounts 24 hours a day, 7 days a week. Most providers offer mobile and desktop/web access, but some business banks offer only one or the other, so make sure your bank offers what you need.

Payments Icon

Payments

Accordion button

Consider payment options, local and international money transfer services, account types, and currencies available, as well as invoicing and bookkeeping tools.

Visibility Icon

Accounting tools

Accordion button

Make sure the system has built-in expense reporting, recurring payments, and direct debits. The majority of banks also integrate seamlessly with accounting and bookkeeping software.

Credit Card Icon

Corporate Cards

Accordion button

All business accounts include corporate cards for you and your employees. Find out how many cards are included in your chosen plan and the cost of any additional cards you might require.

Mobile banks vs Traditional banks

Mobile banks (and EMI/ financial apps) are revolutionizing personal banking by providing an alternative to traditional brick-and-mortar banks with with fast, secure, and easy-to-use apps for iOS and Android. These digital banks offer competitive services like current accounts, savings accounts, loans, insurance, and debit/credit cards at affordable rates. With transparency, convenience, and fewer restrictions, mobile-only banks are reshaping the future of hassle-free and borderless banking.

Insurance Icon

Security

Accordion button

The leading mobile banks, including those on this website, adhere to the highest safety standards, ensuring your money and data are protected 24/7. The mobile banks compared and reviewed by top10mobilebanks.com are authorised and regulated by local authorities.

Go paperless

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One of the frustrating things about traditional banks is the amount of documents, contracts and letters that are sent to your mailbox. With mobile banks everything you need is in the app and all communications are sent to your app or your email.

Lower fees

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As a mobile-only platform, mobile banks can offer lower fees than traditional banks – especially when it comes to interest rates, monthly fees, ATM withdrawals, money exchange/transfer and payments abroad.

Getapprovedfast Icon

Get approved fast

Accordion button

Opening an account with a mobile-only bank is simple, with no lengthy paperwork. Just download the app, prove your identity, top up your account and you’re ready to go.

24/7 availability

Accordion button

No matter where you are, at home or abroad, you can access your bank account via the app, check your account balance, control your savings, get customer support, make payments and even lock your debit card if needed. No need to make appointments, stand in line and lose working hours to manage your finances.