Top Business Current Accounts | UK
Top Business Current Accounts
UK
– December 2023
- Regulated banking services.
- Best for SMBs and sole proprietors.
- Online business verification.
Advertiser disclosure
| Business Bank | Pricing | Card | Regulation | Main Advantages | Score | Open an Account | |
|---|---|---|---|---|---|---|---|
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1
Our Top Choice
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FCA
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9.8
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Unlock 1 month of a paid plan without subscription fees.
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PaymentsAwards
2020 Winner – Innovation of the Year
Account Access
Based on 119361 reviews
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2
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FCA
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9.5
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||
Account Access
Based on 15292 reviews
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3
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FCA
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9.1
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Account Access
Based on 15405 reviews
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4
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FCA
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8.8
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||
Account Access
Based on 24036 reviews
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5
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FCA
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8.5
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||
Account Access
Based on 2115 reviews
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6
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EFSA
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8.2
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Provides various types of business cards
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Account Access
Based on 52 reviews
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7
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DFSA
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7.9
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Account Access
Based on 411 reviews
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8
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FCA
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7.5
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||
Account Access
Based on 1219 reviews
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Based on 119361 reviews
- Manage visibility and access to each account
- Set card rules: from who, to what, to where
- Up to 1.9% cashback on all qualifying card spend
- Issue physical and virtual debit cards for free
- Effortlessly customise employee pay
- Easily integrate your accounting tools
- Professional 24/7 support
- Leading business services provider in the UK
- Save on fees with multi-currency account
Based on 15292 reviews
- Sync Quickbooks, Xero, Sage and more
- Upload receipts, auto-match them to transactions
- Income and spending auto-categorisation
- Permissions and expense cards for your teams
- Pays the incorporation fee on your behalf
- Manage business operations via the app
Based on 15405 reviews
- Real-time notifications & card controls
- Separate spaces for separate costs
- Cash deposits at the Post Office
- 24/7 support via the app
- Multi-director access to your account
- In-app card locking & custom card settings
Based on 24036 reviews
- Create payment links or invoices
- Receive instant transaction notifications
- Virtual cards for each pot on the paid plan
- Use pots to separate money by category
Based on 2115 reviews
- Link your other bank accounts with ANNA
- Free card payment in any country
- Automates your VAT Return calculation
- Calculates the amount you owe HMRC
- Reminders about upcoming HMRC requirements
- Tools to manage your business expenses
Based on 52 reviews
- Unlimited users & sub-accounts
- Company wallets, cards classification per group
- Instant issuing of an unlimited number of cards
- Integrated accounting service
- EUR business account with IBAN
Based on 411 reviews
- Digital & audit-proof receipt capture
- Automatic categorisation
- Automatic foreign VAT reclaim
- Custom format accounting exports
- Expense management platform for businesses
Based on 1219 reviews
- Create dedicated cards for one-off purchases
- Issue virtual cards, available immediately
- Sync Xero, QuickBooks Online, NetSuite or Sage
- 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
- 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
- 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
| Business Bank | Pricing | Card | Regulation | Main Advantages | Score | Open an Account | |
|---|---|---|---|---|---|---|---|
|
1
Our Top Choice
|
|
|
FCA
|
|
9.8
|
Unlock 1 month of a paid plan without subscription fees.
|
|
PaymentsAwards
2020 Winner – Innovation of the Year
Account Access
Based on 119361 reviews
|
|||||||
|
2
|
|
|
FCA
|
|
9.5
|
||
Account Access
Based on 15292 reviews
|
|||||||
Based on 119361 reviews
- Manage visibility and access to each account
- Set card rules: from who, to what, to where
- Up to 1.9% cashback on all qualifying card spend
- Issue physical and virtual debit cards for free
- Effortlessly customise employee pay
- Easily integrate your accounting tools
- Professional 24/7 support
- Leading business services provider in the UK
- Save on fees with multi-currency account
Based on 15292 reviews
- Sync Quickbooks, Xero, Sage and more
- Upload receipts, auto-match them to transactions
- Income and spending auto-categorisation
- Permissions and expense cards for your teams
- Pays the incorporation fee on your behalf
- Manage business operations via the app
Business Account Features
Monthly Fees
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.
Account Access
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
Consider payment options, local and international money transfer services, account types, and currencies available, as well as invoicing and bookkeeping tools.
Accounting tools
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.
Corporate Cards
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.
Security
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
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
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.
Get approved fast
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
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.