Compare Start Up Business Bank Accounts

Starting a new business? You will need to set up a startup business bank account. Find and compare the best deals today.

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We have found 4 business bank accounts

Anna Money

Business Bank 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 Bank 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 Bank 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

Tide Banking

Business Bank Account

Tide Banking logo
Tide Banking logo

Account Fee

Free

Free Banking Duration

-

Interest (AER)

0%

Great for

  • Invoicing directly from the Tide app

But be aware that

  • You must have a working mobile phone and email address

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 £49.99 + VAT per month
Direct Debits: Yes
Standing Orders: Yes
Mobile App: Yes
Credit Facility: On application
Foreign Exchange: No

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.

Compare
Start Up Business Bank Accounts

Start Ups

Bank accounts designed for new companies.

Compare
Business Bank Accounts For Bad Credit

Bad Credit

Bank accounts for businesses with bad credit.

Compare
Free Business Banking

Free Banking

Providers that offer free business banking.

Compare
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

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
  • 1 Search Offer
    Search for your preferred business bank account from startup bank accounts to switching bank accounts.
  • 2 Compare Providers
    Compare business back 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.

Bank accounts for small business start ups

Starting a business can be exciting and stressful in equal measures, and, particularly in the early stages, you’ll be penny-pinching where you can. And the penny-pinching doesn’t stop when comparing startup business bank accounts. Getting the right bank account for your new business is crucial - and we’re not just talking about cost. Features differ across providers, so whether you’re looking for an account you can easily access and modify online, or you’d like a bit of in-person branch support, take the time to understand what each provider can offer your startup before diving in headfirst.

It’s worth remembering that providers usually offer 12 months without fees when you open a startup business account. But with some providers, those periods come to an end, so be wary about expected fees once this period comes to an end.

Ready to compare startup business bank accounts? Check out the accounts listed above.

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It's easy to compare business bank accounts online

What is a startup business bank account?

As the name suggests, a startup business bank account is specifically designed for new small to medium companies looking for the very first bank account. These accounts are specifically designed with startups in mind, with some banks providing completely free bank accounts and some offering a 12 to sometimes 30-month fee-free introductory period.

Am I eligible for a startup bank account?

To be eligible for a startup bank account you need to be a new company, sole trader or be self-employed and looking for your first small business bank account. You must also pass the bank’s eligibility criteria which could include having a turnover of less than £1m, trading for less than one year and being over the age of 18. But please bear in mind that all bank criteria is different.

What is the best startup and new business bank account for 2021?

We're always keeping our business bank account details up-to-date, so rest assured that the above-listed accounts are always the best deals on the market right now. 'Best' is very subjective. 'Best' can mean the best price; you can see the difference between provider pricing when you apply for a quote. But 'best' for your business might be a more extended initial fee-free period or a dedicated UK support team. Some banks offer monthly loyalty reward schemes, including face-to-face business reviews or a 'pay for what you use' model.

Banks differ wildly on their features for startup accounts; that's why you should take the time to consider all your options before choosing the best business bank account for your new startup.

Can I open a start up business account online?

Yes, most start up business bank account providers allow you to open an account online. You will be required to apply with the provider directly, either on their website or app. After you’ve entered some basic details, your start up bank account could be set up in a matter of hours.

How do I apply for a startup business bank account?

Applying for a startup business bank account is really easy, and it's all done online. Once you've decided which provider suits your needs best, click on 'go to site', which will take you directly to the provider's website, where you can complete your online application in full.

Step 1 - After you've compared bank deals in the table above, choose a deal by clicking one, and you'll be taken directly to the provider page.

Step 2 - Check eligibility criteria, benefits and transaction fees on their website. We do our best to update the information on our page, but it's always good to recheck.

Step 3 - If that particular provider is a good choice for your business needs right now, simply apply with them and follow their instructions.

Remember, just because you choose a provider doesn’t mean you can’t switch providers for a better deal in the future.

Why Capalona?

We’re brokers, which means our business bank account comparison tool is completely free for you to use. We only work with reputable UK lenders, so you can trust that we are showcasing only the best deals for UK businesses.

We aim to offer unbiased financial information so you can make a balanced and informed decision.

A transparent service that leaves you in control

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