Compare Bad Credit Business Bank Accounts

Find and compare business bank accounts for bad credit using our free comparison tool. Get a business bank account with no credit check today.

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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.

Find the right account for your business today!

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 access bank accounts for bad credit.

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.

To compare bad credit business bank accounts, follow our three simple steps:

Capalona business bank accounts
  • 1
    Search Offer
    Search for your preferred business bank account from startup bank accounts to switching bank accounts.
  • 2
    Compare Providers
    Compare business bank account providers in seconds.
  • 3
    Select & Apply
    Simply select the best business bank account offer for your needs. You'll be redirected to the provider's website to complete the process.

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.

Luckily, there are no credit check business bank accounts on the market - and 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?

A bad credit business bank account is a corporate account that can be set up without requiring a credit check. In most cases, these accounts get approved almost immediately. However, business accounts for bad credit tend to be basic, with limited features.

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.

What can I use my bad credit bank account for?

These bank accounts are helpful for businesses that want to stay on top of their finances. Remember, if you operate a limited company, it is a legal requirement to set up an account for your business. More than being a legal requirement, business bank accounts allow you to:

  • Separate personal and business finances: When running a business, it’s smart to keep your accounts separate in order to allow accurate recording of your finances and tax requirements.
  • Access business funding more easily: A number of the lenders that we work with require companies to have a business bank account set up before they borrow money.
  • Improve your credit score: Using your bad credit business bank account, you can work to improve your credit score over time and prove yourself to be a reliable borrower.
  • Reputation building: When you have a business bank account, you may find your clients take you more seriously when it comes time to invoice.

What are the features of basic business bank accounts?

As mentioned, when you have bad credit, you may only be able to apply for a basic business account. This means that the features you have at your disposal will be limited. Generally speaking, basic business bank accounts allow you to:

  • Obtain a debit card
  • Withdraw cash at ATMs
  • Set up direct debits for bill payments
  • Pay for goods and services online and in-store
  • Send & receive money

You won’t however, be able to benefit from additional services such as invoice management, overdraft facilities, free travel insurance etc. It’s also important to note that with these accounts, you may face fees for certain transactions and payments.

Am I eligible for a bad credit business bank account?

To apply for a bad credit business bank account, you must own a limited company or run a sole trader business. Each provider will have their own eligibility criteria that your business will need to meet, but you won’t be tied to the same credit score requirements that normal business bank account applications call for.

Please note, although some providers let you open a bank account online with no credit check, some lenders may still run credit checks to determine account suitability. You will be told before a credit check is conducted.

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 business bank account for bad credit in the UK 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 right 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. Once your credit score is in better shape, you might want to move to a new provider that offers your business greater benefits. You can switch bank providers at any time - just come back to us and compare deals again.

How can I improve my business credit score?

If you want to improve your business credit score and be eligible for a wider variety of bank accounts, there are some steps you can take:

  • Make timely invoice payments - we know this isn’t always easy. The UK has a late payment problem that means many businesses are trapped in a vicious cycle of late and non-payment. Where possible, pay your creditors on time to prove that you are reliable with paying off money.
  • File tax returns by the deadline - one way you can improve your business credit score is to file your accounts with Companies House and tax returns to HMRC in good time.
  • Limit the number of credit applications you make- making lots of credit applications (particularly when you have bad credit), is one sure way of negatively impacting your score. Hold off on applying for funding until you’ve paid off all debts.

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 choose Capalona to compare bank accounts for poor credit?

When getting a bank account with bad credit, you may feel frustrated and despondent. Remember, bad credit is never the end of the world and you can always work to improve your score for the future.

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’re authorised and regulated by the Financial Conduct Authority and we’ve helped thousands of startups and SMEs, so let us help you too. We don’t care what your credit score is, we care about providing you with options!

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 bad credit business bank account. It’s really that simple.

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