11 Best Business Bank Accounts in the UK – March 2025

We have gathered the best UK business accounts in 2025. We’ve done the work for you by comparing the top 11 business banking platforms.

We will also focus on features that save you time and facilitate finance streamlining, such as online banking, accounting software compatibility, and efficient debit card usage. And consider the fees, suitability to different types of firms, and ease of opening an account, among other things.

There’s no need to wait. Now, discover the ideal account offering to simplify your finances and fuel your personal or business development.

Table of Contents Table of Contents

1. The top UK business bank accounts, at a glance
2. The best UK business bank accounts
3. Comparing the best business bank accounts in the UK
4. How to choose the right business bank account for you
5. Our methodology
6. FAQs
7. References:

Show Full Guide

Table of Contents

1. The top UK business bank accounts, at a glance
2. The best UK business bank accounts
3. Comparing the best business bank accounts in the UK
Show Full Guide
4. How to choose the right business bank account for you
5. Our methodology
6. FAQs
7. References:

The top UK business bank accounts, at a glance

The best UK business bank accounts

1. Moss: Best for small businesses & startups

Moss is more than just a corporate card; it’s a full-package expense management platform designed for the dynamic world of startups and digital businesses.

Holders benefit from financial flexibility when seamlessly integrating virtual and physical corporate credit cards with an existing bank account. However, the benefits extend far beyond card issuance.

Moss offers real-time transaction tracking, automated expense categorization, and robust control features, allowing you to set spending limits, approve expenses, and monitor cash flow effectively.

This ensures financial discipline while empowering your team to operate efficiently.

With Moss, you gain a holistic view of your company’s finances, enabling data-driven decisions and fostering a culture of financial accountability.

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Overview of Moss

The system offers real-time expense controls, such as auto-categorization, receipt capturing, and cost assignment to ensure accurate expense tracking.

Setting spending limits and pre-approval requirements for certain purchases can promote responsible spending and budget compliance. Moreover, Moss facilitates month-end closure by exporting data into accounting software, enabling reconciliation in minimal time and reducing errors.

As a top business bank account provider, Moss guarantees a safe environment for cash outlay through Mastercard-issued cards with fraud prevention features and real-time transaction monitoring.

Discussing business bank accounts in the UK, Moss is an overlay for your existing business bank account, offering control levels and automation suitable for today’s companies.

Moss partnered with Ryd

Ryd is a large network for vehicle-related payments. Employees or businesses can fuel their cars (including E-fuels), charging, and even car washers all through the app. There is no need to pay the cashier or use your physical card.

Through the partnership, all car expenses are tracked in one system, simplifying the cost tracking and benefit from automated invoicing.

2. QuickBooks: Best for small businesses & simple accounting

QuickBooks is a game-changer for small and medium-sized businesses searching for efficient financial management.

The most significant benefit of QuickBooks is that it frees entrepreneurs’ time by automating all the repetitive accounting tasks, including invoicing, expenses, and payroll.

QuickBooks has been designed specifically for business needs, so it makes our list even though it does not offer traditional banking solutions.

QuickBooks gives owners a bird’s-eye view of the company’s finances. It’s ideal for businesses because of its user-friendly interface and cloud-based accessibility.

These solutions empower entrepreneurs to streamline financial processes and deliver insights for business success.

Many clients rely on QuickBooks as their central point of finance because it integrates multiple financial functions into one platform. It merges tools and decreases error risks for companies.

QuickBooks streamlines operations by automating tasks and providing real-time data.

Overview of QuickBooks

The software seamlessly integrates with UK bank accounts, saving businesses countless hours typically spent on manual tasks by automatically importing and categorizing transactions.

Customizable reports help analyze income, expenses, and trends, which is necessary for a clear picture of financial health when using QuickBooks. Decision-making based on such information can be considered informed due to the clarity provided.

However, its rich feature set comes with a cost, requiring monthly subscription payments. Additionally, it has a learning curve for advanced functionality and does not hold your money directly.

Sole Trader launched in the UK to meet the new HMRC rules

Making Tax Digital (MTD) for Income Tax will affect many individuals, including sole traders and landlords with income over £20,000. QuickBooks Sole Trader has been introduced to meet the requirements of the MTD tax.

The software uses AI automation to keep digital records and transactions as required by the new rules. Expenses will be automatically categorized, and income tax estimates will be generated.

* QuickBooks Desktop isn’t a compliant Making Tax Digital (MTD) solution. Effective 7 April 2024, HMRC will no longer accept MTD submissions through QuickBooks Desktop 2016 or newer versions. 

3. Sage Intacct: Best for complex accounting & enterprise

Sage Intacct is cloud-based financial management software tailored for growing businesses aiming for greater control and expansion.

While it excels in managing complex accounting needs, its limitations in certain areas must be noted.

This robust platform offers advanced features such as multi-currency accounting, robust reporting capabilities, and seamless integration with other business applications.

These attributes make it an ideal choice for enterprises grappling with intricate financial operations.

However, while Sage Intacct provides a solid foundation for complex accounting, it may fall short in specific niche areas or for businesses with highly specialized financial requirements.

Smaller companies with more straightforward accounting needs might find the platform’s depth of features excessive and potentially costly.

Overview of Sage Intacct

Sage Intacct’s real-time dashboards offer access to outstanding accounts payable and receivable balances, empowering firms to make informed financial decisions. It provides transparency and enables effective financial planning.

Additionally, it is highly scalable and suitable for businesses with complex financial structures and multinational operations.”

Sage Intacct automates bank reconciliations and other manual tasks, freeing the finance team to focus on strategic planning and high-level analytics.

The platform also promotes collaboration and security through role-based permissions and real-time communication tools, keeping all stakeholders well-informed.

Sage Intacct is designed to seamlessly integrate with other systems like CRM, ERP, and payroll, preventing data silos and increasing overall efficiency.

It also offers custom report designs and optional project management modules for expense tracking, resource management, and profit retention in ongoing projects.

Sage Copilot is available for early adopters in the UK

Sage Copilot is an AI tool designed to tackle the financial challenges of small to medium businesses. The AI highlights budget variances, answers critical questions, and provides insights to enhance business results and assist decision-making.

The AI can also automate tasks such as invoices. The generative AI is available to early adopters in the UK and in the United States.

4. Tide: Best for freelancers & contractors

Tide is a digital business banking platform created for freelancers, sole traders, and SMEs. Introduced in 2017, it provides a complimentary business bank account with a debit card for easy ATM withdrawals all over the UK.

This platform provides advanced features that streamline financial management. Its user-friendly app enables convenient banking, giving users full control over their finances no matter where they are.

In addition, Tide provides extra financial resources to help businesses expand. Scaling operations for freelancers and sole traders can be achieved through accessing business loans and credit cards and integrating accounting software.

Overview of Tide

The mobile app helps users manage finances efficiently, allowing them to categorize purchases, send or receive cash, and use easy invoicing tools. Tide also integrates with accounting software like Xero for seamless financial management.

Tide offers an Instant Saver account with a competitive interest rate for savings. Additional features like unlimited ATM withdrawals and multiple debit cards are available for purchase.

While cheque deposits are not accepted and cash deposits incur charges, FSCS protects the environment and offers opportunities for business growth.

Tide acquired Onfolk

Acquiring Onolk, a UK SME payroll solution, signals the company’s resilience. The Onfolk software has been integrated into Tide (‘Tide Payroll’). As the company plans to expand, further acquisitions may take place.

It has been reported that Tide is considering raising funds, possibly by issuing new shares.

5. Anna Money: Best for managing business expenses

Anna Money uses your mobile phone first approach to streamline finances and administrative tasks for UK freelancers, startups, and small businesses.

Anna Money centralizes financial management into one easy-to-use app, eliminating the need for multiple platforms. It excels at managing business expenses with an intuitive interface that allows users to categorize and track spending effortlessly, generating insights to optimize cash flow.

The app also automates tasks and simplifies complex financial processes, freeing entrepreneurs to focus on growing their businesses. UK businesses seeking efficient management of their finances and administrative tasks will find this platform incredibly valuable.

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Overview of Anna Money

ANNA goes beyond just being a business bank account by emphasizing the provision of an all-inclusive platform.

Setting up an account with ANNA takes just minutes using the app. Users receive a business account with a Mastercard Debit Card, available in both physical and virtual form.

The account includes 1% cashback on company expenses, automated cost tracking, value-added tax sorting, invoice generation, and money pots for fund categorization. It also offers a simplified option for managing taxes, eliminating the need for an accountant.

However, although it may have innovative features, ANNA is limited solely to UK-based businesses.

Despite this, Anna Money sees itself as the simple and complete answer for small companies and a separate bank account solution that wants to make financial lives more manageable.

Anna Money biometric re-authentication

Anna Money has put great effort into protecting your business account. If there is an attempt to access your account from a different smartphone that was not used during the account setup, a selfie will be required. Failing to complete the selfie will result in the immediate suspension of the account.

There will also be random and ongoing biometric checks for scenarios in which your mobile phone is stolen.

6. Wallester Business: Best for security-conscious businesses

Wallester Business is offered by Wallester, a FinTech platform revolutionizing business expense management through corporate card solutions.

Designed with security at its core, Wallester Business provides businesses with a robust financial ecosystem to safeguard their funds—its advanced fraud prevention measures and real-time transaction monitoring offer unparalleled protection against financial threats.

Moreover, Wallester’s emphasis on data privacy ensures that sensitive business information remains confidential. With biometric authentication and tokenization features, businesses can rest assured that their financial data is encrypted and inaccessible to unauthorized parties.

Businesses can confidently manage their finances with Wallester Business, thanks to the seamless integration of cutting-edge security technology and user-friendly interfaces.

Overview of Wallester

Wallester’s open API allows easy integration of existing accounting or financial software, reducing workflow complexity and saving time.

Operating mainly with companies registered within the European Economic Area (EEA), Wallester strives to digitalize and simplify business payments.

Wallester Business provides digital financial management solutions and white-label options for businesses to issue branded prepaid, debit, or credit cards quickly. Its PSD2-compliant technology ensures secure transactions and compliance with European regulations.

Despite its benefits, Wallester lacks typical banking features associated with traditional bank accounts, such as check deposits, worldwide payment processing beyond EEA countries, and merchant services.

However, despite these limitations, this UK business bank account tool is powerful for modernizing expense management and achieving better financial control.

Wallester Business adds receipt reminders

A new feature has recently been added: receipt reminders. Every Monday, users will receive an email with transactions from the previous week that did not have receipts attached. In addition to the weekly emails, on the second day of every month, all transactions from the previous month that do not have receipts will be emailed.

The process is fully automated. There is no need to install additional software to take advantage of receipt reminders.

7. Revolut: Best for travel & international spending

Revolut has transformed the banking industry by providing a mobile-centric business banking service designed specifically for today’s entrepreneurs.

It has achieved a $40B valuation by honing in on the needs of freelancers, startups, and internationally operating businesses, particularly those who travel or spend abroad regularly.

Revolut’s competitive rates for currency exchange and free ATM withdrawals in various countries make it easy to handle international finances.

Businesses can also effortlessly track expenses, manage budgets, and make international payments using the app. By adopting this efficient approach, entrepreneurs can allocate more time and resources to business expansion.

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Overview of Revolut

Revolut stands out with its user-friendly mobile app, competitive exchange rates, and a free tier to help you begin. These features have made international transaction management more effective and affordable.

Revolut business and personal accounts are e-money accounts that are not protected by traditional bank deposit insurance schemes. For example, conventional banks do not offer overdraft options or check deposits.

In conclusion, Revolut is a fantastic alternative for businesses seeking easy and cost-effective ways to manage their finances globally, especially for multinational operations.

However, if overdrafts or traditional banking security measures are needed, Revolut may not be suitable.

Read our comprehensive Revolut review.

Revolut BillPay

In September 2024, Revolut launched BillPay. It allows businesses to manage all of the bills that are related to the businesses. Pay suppliers in over 150 countries, accounting and payment data can be easily extracted. All data is automatically synced, eliminating human errors.

Revolut PayBill is also compatible with QuickBooks.

8. Card One Money: Best for small business credit cards & rewards

Card One Money happens to be a game-changer for businesses and individuals looking beyond traditional banking options.

By prioritizing verification over credit checks, they’ve created a welcoming environment for startups, freelancers, and those with less-than-perfect credit histories. This inclusive approach means that even those who have faced financial hurdles in the past can access essential banking services.

Rather than focusing solely on financial history, Card One Money empowers individuals and businesses to build a solid financial foundation.

This focus on accessibility and support is particularly beneficial for entrepreneurs who often face challenges securing traditional business loans or credit cards.

Moreover, Card One Money’s business accounts have features designed to support growth. Card One Money goes the extra mile to help businesses with financial management tools, bill payment options, and additional spending cards.

Overview of Card One Money

Their mobile app allows easy account monitoring, fund management, and bill payments from anywhere. Card One Money also offers a prepaid debit Mastercard® for business expenses, helping you develop good spending habits and avoid credit lines and overdrafts.

Card One Money operates differently from traditional banks. The account maintenance fee is £12.50 per month, with additional costs like ATM withdrawal fees and foreign transaction charges. It functions like a prepaid card with limited check deposits and extra costs for international payments.

These accounts do not offer features such as checkbooks or credit facilities and are not covered by the Financial Services Compensation Scheme (FSCS).

9. Airwallex: Best for global business banking and multi-currency solutions

Airwallex helps businesses handle money globally without the headaches of traditional banks. It’s great for sending and receiving payments, holding money in different currencies, and keeping track of expenses. What makes Airwallex perfect for UK business bank account users is that all this can be while avoiding high fees and bad exchange rates.

For businesses that need more, Airwallex offers tools to connect with platforms like Amazon, Shopify, and Xero, so everything works smoothly together. In fact, you can even build your own solutions using their APIs.

In short, if your business operates internationally or sells online, Airwallex is a smart way to simplify how you manage your money.

Airwallex Overview

Airwallex keeps things simple with a user-friendly platform where businesses can manage accounts, payments, and expenses all in one place. Its multi-currency cards make spending internationally hassle-free, thanks to great exchange rates and no extra fees for transactions abroad.

Unlike traditional banks, Airwallex skips the monthly fees for standard accounts and offers free local transfers. For international payments, the fees are clear and competitive, and the transfers happen faster.

While you won’t get checkbooks or physical branches with Airwallex, it more than makes up for it with a powerful online platform and 24/7 customer support.

Pros and cons of Airwallex

10. Monzo: Best for everyday banking & budgeting

Monzo is a great tool for self-employed individuals and limited companies. Its mobile application simplifies day-to-day banking and budgeting and provides insight into your company’s financial health.

Monzo makes tracking your income and expenses easy through instant notifications, grouped spending, and e-receipts. It also offers a budgeting feature with a user-friendly interface to help you set financial goals and monitor your progress.

This enables you to stay on top of your payments. Monzo also provides fee-free transactions and competitive exchange rates, making it an excellent option for ecommerce businesses.

Whether you are freelancing or operating as a limited liability company, Monzo’s business accounts provide the right mix of flexibility and functionality to support your growth plans. Thus, Monzo has become one of the most popular digital banks for small UK businesses.

Overview of Monzo

With Monzo Business, you can manage your finances from anywhere using their mobile and web apps. Users can create payment links or invoices within the app, simplifying payments.

Monzo’s “Pots” feature enables businesses to categorize funds for efficient spending. Monzo Business Pro offers virtual cards connected to each pot for extra control. Integrating with popular accounting tools such as QuickBooks makes bookkeeping easier through a user-friendly, mobile-first experience.

Although primarily catering to sole traders and limited companies, features like easy invoicing, categorized spending, and seamless accounting integration make Monzo’s current business accounts a good choice for today’s entrepreneurs.

Pros and cons of Monzo

11. Starling: Best for business banking & invoicing

Since its establishment in 2014, Starling Bank has transformed business banking through its mobile-centric strategy, attracting over 3.6 million active users by 2023.

By focusing on convenience, transparency, and security, Starling offers a streamlined app-centric solution that caters to the needs of modern businesses. The bank’s digital-first model eliminates the hassle of traditional banking for entrepreneurs.

Starling Bank’s app boasts an intuitive interface and robust features, providing businesses real-time insights into their cash flow. It also includes tools like budgeting, invoicing, and expense management.

Beyond its core banking services, Starling Bank offers additional perks to its business customers.

These include fee-free ATM withdrawals, both domestically and internationally, and competitive exchange rates—all of which contribute to cost savings and operational efficiency for businesses of all sizes.

Overview of Starling Bank

Starling’s award-winning mobile app allows businesses to manage finances, make payments and transfers, and track expenses. Starling offers free business accounts with no monthly fees, fee-free UK transfers, and competitive foreign exchange rates.

Starling prioritizes security, offering features like fingerprint recognition and in-app encryption. This, combined with its independent ownership, fosters trust among its users. Additionally, Starling integrates seamlessly with popular accounting software like QuickBooks, boosting workflow efficiency.

Starling also offers an innovative “Spaces” feature that helps categorize funds when handling bank business, facilitating tax, savings, and future expense allocation.

With an emphasis on mobile technology, robust security features, and transparent fees, Starling Bank remains one of the best banks for business account management, offering compelling, modern, cost-effective banking solutions for businesses.

Comparing the best business bank accounts in the UK

How to choose the right business bank account for you

Choosing the best business bank account in the UK will depend on your specific requirements. Below are some essential factors to consider before signing up:

• Business Structure: Do you operate as a sole trader, limited company or any other business structure? Account features and eligibility may depend on this.
• Annual Turnover: What is your estimated annual turnover? Some accounts have transaction fee structures that favor high- or low-volume businesses.
• Transaction Fees: Note monthly charges per transaction and the possibility of free transactions in that month.
• Online Banking & Mobile App: Accessible online banking with a user-friendly mobile app is essential to opening a business bank or managing finances while on the move.
• Debit Card: Is a business debit card available for everyday purchases with this account? Are there any associated fees?
• Integration with Accounting Software: If you use accounting software such as Xero or QuickBooks, compatibility with your bank can save time and streamline bookkeeping processes.
• Customer Service: Remember to consider the bank’s telephone and online chat services and response time.
• Cash Deposit Needs: How often do you expect to need to deposit cash? It’s important to note that some banks may not have physical branches for making deposits or may charge extra for this service.
• International Transactions: Does the bank offer a business credit card with its current account for building business credit and managing expenses?
• Credit Card Needs: Does the bank offer a business credit card with its current account for building business credit and managing expenses?
• Account Switch Service(s): To open a business account in the UK — is there an account switching service available from the bank to ease the transition from your previous provider?

Our methodology

To assist you in locating an ideal platform, we reviewed dozens of accounts from various UK banks. The following illustration breaks down our approach:

Fees & Charges: We prioritized accounts with low monthly maintenance fees, low transaction fees (including ATM withdrawals), and transparent cost structures.

Account Features: We considered features most useful for small businesses, such as online banking capability, mobile banking apps, debit card options, and integration with common accounting software—with an emphasis on features that make financial operations easier.

Eligibility: This section examined each account’s eligibility requirements, including minimum opening deposits and annual turnover thresholds. Emphasis was placed on features that streamline financial operations.

Benefits for Small Businesses: Besides fundamental functions, incentives were targeted directly at small businesses. Examples are sign-up bonuses, savings accounts that earn interest, merchant services integration, and assistance in changing accounts.

Customer Reviews & Reputation: We factored in genuine customer reviews and the bank’s overall reputation, prioritizing accounts for excellent customer service, user-friendly interfaces, and a commitment to supporting small businesses.

FAQs