Top Online Business Accounts | UK
Top Online Business Accounts
UK
– April 2024
- Regulated banking services.
- Best for SMBs and sole proprietors.
- Integrate with accounting softwares.
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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Quick sign-up. Same-day company registration for free.
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Account Access
Based on 15292 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 2115 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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DFSA
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8.5
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Account Access
Based on 411 reviews
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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 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
- No credit check required
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 411 reviews
- Digital & audit-proof receipt capture
- Automatic categorisation
- Automatic foreign VAT reclaim
- Custom format accounting exports
- 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.
Tide
Tide is a financial platform of digital banking for small businesses and freelancers.
- 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.
Most Chosen by Business Owners
| Business Bank | Pricing | Card | Regulation | Main Advantages | Score | Open an Account | |
|---|---|---|---|---|---|---|---|
|
1
Our Top Choice
|
|
|
FCA
|
|
9.8
|
Quick sign-up. Same-day company registration for free.
|
|
Account Access
Based on 15292 reviews
|
|||||||
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
User Testimonials
“After making the initial application I actually received sort code and ac number within 2 days and received my bank card within the same week. I’ve opened a few company accounts and this is by far the fastest , most efficient I’ve experienced. So far so good.“
“I really like the Tide Bank App, easy to use on phone or pad. What I really like is when I phone Tide I get to speak to someone straight away, no holding on listening to music or several different options pressing numbers. Seems like a great set up. All good so far for me and my company 👍👍“
“Tide is great online banking app but is still missing features that can make your life so much easier. Such as a search feature for transactions, use your card at pre approved pay services.“
“I rung up the help desk for some small queries I had. The wait time was almost non-existent and extremely comfortable (no instrumental blaring down the phone!). Once connected, Velizar was very helpful in answering my questions and completing my requests as well. Very happy with the service.“
“There was a problem with the app which meant I couldn’t access funds or contact customer service directly for about a day – obviously a huge problem for any business. I’d recommend having a dedicated email for customer service rather than one global email. That said, Vallery, the customer service person who picked up the problem was great and really helpful in getting it resolved.“
“I find the app a great tool for accessing my accounts and taking care of day-to-day banking needs, so well done there, Tide. I am also impressed with the level of customer care, especially the responsiveness to messages and support requests. The customer team is very attentive, polite and helpful. That alone inspires me with confidence that I’m in the right place.“
User Testimonials
“Customer service is absolutely outstanding. They respond within a few seconds or minutes to any questions. The app is exceptionally user friendly. Cannot praise highly enough. They easily exceed any competitors. Superb. Long may they continue.“
“Everything is set up in easy step by step instructions through the ‘chat’ box. Guidance is clear and gives plenty of options to suit your needs.“
“Really like how fast and simple Anna is for invoices, transactions and generally finding what you need by simply typing it“
“Been using Anna for just over a year. The experience of opening an account was hassle free. They have excellent communication and have solved any issues I’ve had efficiently. Creating invoices etc is so hassle free. The service your paying for is definitely worth it!“
“Fast and easy opening account. Very advanced technology. Perfect for the ones who like the electronic banks and the latest bank apps.“
“Using the Anna to create an invoice was nice and easy, just a couple of things,1 maybe some textured background images, to customise the invoice, 2 add Vat eg standard 20% & reflect the calculation on the invoice. If possible.“
User Testimonials
“I started out with a business account as Starling was one of the first not to change a monthly fee. I was impressed. I now have my currently account with them also. My only critique, which is personal, is the app. The layout and function isn’t to my liking. Nevertheless, Starling still provide a 5/5 experience. Recommended.“
“What a wonderful bank. Great service, great services, easy to deal with and no hidden fees. I couldn’t be happier with my Starling Bank account. It makes travel to the continent easy, I never feel ripped off when I want to spend Euros, they convert it for me and have a convenient Euro account linked to my £ GBP account.“
“I cannot always use my Starling card. It keeps being rejected. I top it up and then I have to go to an ATM to “activate” it. I didn’t know this had to be done in order to be able to use the card. However I did top it up and wanted to use it at the supermarket and still was rejected.“
“Extremely straightforward and convenient banking service. The alerts are great. Very impressed with this bank and the business features that are included. I do wish there was an easier “bank statement” type view of all incoming and outgoing transactions“
“Super easy to open an account, straight-forward and quick too. Decided to go with Starling after my ‘main’ bank account provider refused me & my partner a joint account with no explanation. KYC was simple, the card arrived quickly and having this joint account has made our lives so much easier. We were both up and running on Starling, with debit cards in hand within a few days. Zero complaints“
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.