Compare Bad Credit Business Bank Accounts

Get a business bank account today even if you have a poor or bad credit history. Find and compare the best deals today.

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We are official members of the NACFB

We have found 4 bad credit business bank accounts

Special Offer OFFER

Cashplus Bank

Business Bank Account

Cashplus Bank logo
Cashplus Bank logo

Account Fee

Free

Free Banking Duration

-

Interest (AER)

0%

Great for

  • No credit check to apply
  • Account and Sort number available for approved customers
  • Online application, apply in under 5 minutes
  • Mobile App and Online Banking available. Cash deposits and withdrawals available via the Post Office

But be aware that

  • You must have a working mobile phone and email address

Eligibility

  • You must be a UK director and at least 18 years old
  • You must be a UK resident

Key facts

Account Fee: Free
Direct Debits: Yes
Standing Orders: Yes
Mobile App: Yes
Credit Facility: Yes - Subject to eligibility
Foreign Exchange: No

Anna Money

Business Current Account

Anna Money logo
Anna Money logo

Account Fee

Free

Free Banking Duration

-

Interest (AER)

0%

Great for

  • Invoicing directly from the Anna app

But be aware that

  • This plan has monthly limits of £500 income

Eligibility

  • You must be at least 18 years old
  • You must be a UK resident
  • You must not be bankrupt
  • You must have a working mobile phone and email address

Key facts

Account Fee: From £0 to £19.90 per month
Direct Debits: Yes
Standing Orders: Yes
Mobile App: Yes
Credit Facility: No
Foreign Exchange: Provided via Payoneer

CardOneMoney

Business Current Account

CardOneMoney logo
CardOneMoney logo

Account Fee

Initial application fee of £55 then £12.50 per month

Free Banking Duration

-

Interest (AER)

0%

Great for

  • No credit checks to open an account

But be aware that

  • You must have a working mobile phone and email address

Eligibility

  • £55 Application Fee
  • You must be at least 18 years old
  • You must be a UK resident
  • You must not be bankrupt

Key facts

Application Fee: £55.00 to apply
Account Fee: From £12.50 per month
Direct Debits: Yes
Standing Orders: Yes
Mobile App: Yes
Credit Facility: No
Foreign Exchange: No

Revolut

Business Current Account

Revolut logo
Revolut logo

Account Fee

Free

Free Banking Duration

-

Interest (AER)

0%

Great for

  • Online application, sign up under 10 minutes

But be aware that

  • You must have a working mobile phone and email address

Eligibility

  • You must be a UK director and at least 18 years old
  • You must be a UK resident

Key facts

Account Fee: From £0 to £100 per month
Direct Debits: Yes
Standing Orders: Yes
Mobile App: Yes
Credit Facility: No
Foreign Exchange: No

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Business bank accounts to suit all types of UK SMEs

Whether you are a small start-up looking to open a new business bank account, or a large established SME looking to switch, we have a range of online bank accounts that cater for all types of businesses.

Business Switcher Bank Accounts

Switching

For businesses switching bank account provider.

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Start Up Business Bank Accounts

Start Ups

Bank accounts designed for new companies.

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Business Bank Accounts For Bad Credit

Bad Credit

Bank accounts for businesses with bad credit.

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Free Business Banking

Free Banking

Providers that offer free business banking.

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Business Bank Accounts For Contractors

Contractors

For individuals who are classed as contractors.

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Business Bank Accounts For Sole Traders

Sole Traders

Bank accounts for sole traders and self-employed.

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Anna Business Bank Account logo
Starling Bank Business Bank Account logo
Cashplus Business Bank Account logo
Card One Money Business Bank Account logo
Tide Business Bank Account logo
Revolut Business Bank Account logo

We've helped many businesses find the best business bank accounts for their needs

We work with an extensive range of business bank account providers in the UK. Our comparison can help you choose the best offer that's right for your business so you can keep on top of your companies finances.

Capalona business bank accounts
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Business bank accounts for those with bad credit

If you’ve got bad credit, you might think you can’t apply for a business bank account, but you can. You just might face fewer provider options and restricted account features — we talk about this more below. Just because you have poor credit, doesn’t mean there aren’t great business bank account deals to be had.

There are many reasons why you might have a poor credit score, including the obvious ones such as paying your invoices late, bankruptcy, CCJs, and filing your accounts late to Companies House. Sometimes, these things happen. In fact, it’s more common than you think.

And late payments aren’t always your fault. If you’re paid late by clients and run into cash flow problems, it becomes nigh impossible to pay your bills and other outstanding invoices. 40% of SMEs have used their own money to close cash flow gaps within their businesses, but if you don’t have the capital to plug that gap, your business credit score could be affected.

But there are no credit check business bank accounts on the market - you can check them out in our table below.

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It's easy to compare bad credit business bank accounts

What is a bad credit business bank account?

If you have a poor credit history or bad credit, you might be wondering whether you can apply for a business bank account, and the answer is yes. There are plenty of providers out there willing to accept your application without running a credit check.

But what are the ramifications of having a bad credit business bank account? Although providers can offer you accounts, they can be restricted - for example, providers might not offer you a credit facility or prepaid business cards.

Suggested reading: Read our guide on How to improve your business credit score.

Am I eligible for a bad credit business bank account?

To be eligible for a bad credit free business bank account, you must be a new company, a sole trader, or be self-employed and looking for your first bank account. You must also pass the provider’s eligibility criteria - these criteria can differ between providers, so check their guidelines before applying.

Please note that some lenders may still run credit checks to determine account suitability.

What is the best bad credit business bank account for 2021?

The answer depends on what you consider the ‘best’ for your business. Maybe you’re looking for a bank account that has an initial free period, or a completely free forever bank account - and maybe you want the option to customise your account with add ons.

We update our table above consistently to ensure we’re showcasing the best free business bank accounts on the market. So you can rest assured that the accounts listed above are up-to-date.

Check out our latest bank account deals

.

How do I apply for a bad credit business bank account?

Applying for a free business bank account is quick and easy. All you have to do is compare the accounts we’ve got in our table above and click through to each provider’s dedicated page. On these pages, you’ll learn about the provider’s specific eligibility requirements, the features and benefits of choosing an account with them, and key information about the deal itself.

Once you’ve settled on the provider for you, simply click on the ‘go to site’ button to visit the provider’s website. From here, you can complete your bank account application.

Remember, just because you choose a provider doesn’t mean you can’t switch providers for a better deal in the future. You can switch bank providers at any time - just come back to us and compare deals again.

Can I open a business bank account with no credit checks?

Yes, you can. Although some business bank account providers will not require a credit check on the owners or directors upon opening the account, your options and features with a no credit check business account may be limited.

Do bad credit business bank accounts come with a debit card?

Yes, most bad credit business bank accounts do come with a visa debit card option. This is a great option for businesses who frequently need to withdraw money or make purchases at shops.

Can I get a business bank account with a CCJ?

If you have a CCJ (County Court Judgments), you may find it challenging to open a business bank account. However, there are options out there that accept businesses with county court judgements, previous defaults and poor credit history.

Why Capalona?

At Capalona, we’re a broker, which means we aim to help you find and compare the best bank account deals on the market right now. We’ve helped thousands of startups and SMEs, so let us help you too.

Our business account comparison tool is completely free for you to use and can help make the task of finding the best value business bank account that little bit easier. Check out the account deals in the table above, read about each provider at your leisure, and apply for your business bank account. It’s really that simple.

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