If you’re a business owner in the UK, one of the most important decisions you can make is choosing the best bank account for your business. But with so many options out there, it can be hard to figure out which one is the right fit for you. To help make your decision easier, we’ve compiled this list of the top 10 best business bank accounts in the UK. Here, you will find all the information you need to choose the perfect bank account for your business needs and get started on a successful financial journey.
Top 10 Best Business Bank Accounts in the UK
1. Barclays
Barclays is one of the largest banks in the United Kingdom and offers a range of business banking services. It’s Business current account comes with several benefits, including free online and mobile banking and 24/7 customer service. Barclays also offers various other business banking services such as loans, credit cards, and foreign exchange.
2. HSBC
HSBC is one of the oldest and largest banks in the world. It offers a wide range of banking products and services to its customers. These include personal banking, business banking, wealth management, and investment services. The bank has a strong presence in the UK with over 500 branches nationwide. HSBC offers several business banks accounts to suit the needs of different types of businesses. These include sole traders, limited companies, and charities. The bank also offers a range of specialist accounts for businesses in specific sectors such as retail, hospitality, and healthcare. Businesses can choose from various account features, including online banking, mobile banking, and paperless statements. HSBC also offers several add-on services, such as merchant services, foreign exchange, and business insurance.
3. Monzo
Monzo is a UK-based online bank that offers business accounts with no monthly fees, free international transfers, and a host of other features and benefits. While they don’t have branches like some of the bigger banks, they more than makeup for it in terms of convenience and customer service. If you’re looking for a user-friendly online business bank account with all the features you need, Monzo is definitely worth considering.
4. Revolut
Regarding business bank accounts in the UK, Revolut is one of the best. They offer a wide range of features and benefits that make them ideal for businesses of all sizes. A wide range of options and cost structures to fit different transaction volumes. With Revolut, you can send and receive money in any supported currency without paying any foreign exchange fees. It provides great customer support for their customers. If you ever have any questions or problems, Revolut’s customer support team is always happy to help.
5. Starling Bank
One of the best options for business bank accounts in the UK is Starling Bank. Starling Bank offers a number of features and benefits that make it a great choice for businesses of all sizes. For starters, Starling Bank offers free banking for businesses. This means that there are no monthly fees or minimum balance requirements. Additionally, Starling Bank offers a mobile app that makes it easy to manage your finances on the go. Plus, if you ever need help with anything, Starling Bank has 24/7 customer support.
6. Anna Money
Assuming you are based in the UK, a few different business banks accounts stand out as the best. Among these is ANNA Money, which offers many features and benefits for businesses of all sizes. First, ANNA Money offers a free current account with no monthly fees. This account comes with a Mastercard debit card, which can be used for contactless payments and withdrawals from ATMs worldwide. You’ll also get access to online and mobile banking to manage your finances on the go. There are also a number of other features that make ANNA Money stand out as a top choice for business bank accounts.
7. Tide
If you’re a small business owner in the United Kingdom, one of the best business bank accounts you can have is with Tide. Tide has no monthly fees, offers fast and easy account opening, and provides free UK-based customer support. You’ll also get a Mastercard debit card with your account, which you can use to make purchases and withdrawals anywhere Mastercard is accepted. You’ll get a dedicated sort code and account number when you open a business bank account with Tide. You can use these to set up direct debits and standing orders and make payments to other businesses and individuals. As your business grows, Tide allows you to upgrade your account to a premium plan with added features such as invoicing and accounting software integrations.
8. Cashplus Bank
The Cashplus Business Account is one of the top best business bank accounts in the United Kingdom. This account is perfect for businesses that need to manage their cash flow and keep track of their spending. With the Cashplus Business Account, businesses can get a prepaid MasterCard, make online payments, set up Direct Debits and Standing Orders, and much more.
9. Lloyds
Lloyds Bank offers a wide range of business banking products and services to help your business grow. From credit cards and loans to overdrafts and merchant services, we have the right solution for your business. You understand that every business is different, so we offer a tailored approach to meet your specific needs. Our team of Business Banking Specialists are on hand to provide you with expert advice and support whenever you need it. Whether you’re just starting out or looking to take your business to the next level, Lloyds Bank can help you achieve your goals.
10. NatWest
Choosing the right business bank account is vital for any company, regardless of size. The best business bank accounts offer a number of features and perks that can help your business save time and money. NatWest is one of the largest banks in the UK and offers a variety of business banking products and services. Businesses can choose from various current accounts, savings accounts, loans, and other financial products. NatWest also offers a number of digital tools and resources to help businesses manage their finances.
Conclusion
Finding the right business bank account can be challenging, but it doesn’t have to be. With this list of the top 10 best business bank accounts in the UK, you can easily find an account that meets your needs and helps you grow your business. Whether you’re looking for an account with low fees, great customer service, or easy-to-use online banking tools, these banks offer something for everyone. So don’t wait any longer – compare these accounts today and find one perfect for your business!
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