Get a business bank account today even if you have a poor or bad credit history. Find and compare the best deals today.
We have found 4 bad credit business bank accounts
Initial application fee of £55 then £12.50 per month
Free Banking Duration
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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.
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.
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.Compare now
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.
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.
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.
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.
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.
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.
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.
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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