Starting your own company is exciting but choosing the right business bank account can be a time consuming and overwhelming experience.
That's why we've partnered with some of the UK's leading banks to provide a streamlined, hassle-free referral.
Whether you want to fund your startup with an overdraft or require a bank account for multiple directors, we've got the right solution for you.
Explore our partnerships with 7 leading UK banks below and find the account that best suits your business.
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First 2 years
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First 12 monthsfree
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GBP only
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Fast, affordable, and secure financial management is essential for non-UK resident business owners. That's why we've partnered with WorldFirst, offering a straightforward banking solution.
With WorldFirst, you can manage your international payments effortlessly, ensuring quick, cost-effective, and secure transfers. So you can focus on what matters most- growing your business.
Through their partnerships with some of the world's leading marketplaces, you can sell to new markets on platforms including, Amazon, Alibaba, cDiscount and more.
Open 10+ local accounts so you can receive and hold funds in multiple currencies.
Transfer funds home through their network which allows for fast, secure and affordable transfers.
Your WorldFirst account will provide you with a UK account number, sort code and IBAN.
An international business banking solution with worldwide coverage.
If your company has not been formed yet, you can select a bank account during the company formation application. If your company is already incorporated, you can select a bank account through your Online Company Manager.
There are many benefits of opening a business bank account. The main benefits include easier management of your business expenses and tax filings, separation of personal and business finances and enhancing your business’ corporate image.
Legally speaking, you don’t need a business bank account as a start-up. However, a registered limited company is a separate legal entity, so keeping its finances separate from your own is highly recommended.
This depends on the bank, the type of business, and whether you provide all the required documentation promptly.
Yes, of course. You can get a business bank referral through your Online Company Manager. We also provide a range of financial tools for businesses on our Partner Offers page.
Form your company with 1st Formations and set up your
business bank account with no paperwork or stress.
This leading high street bank offers a business bank account with no fees for the first 12 months. Their App allows you to manage your account online, make payments locally and internationally, and create invoices for free.
How to apply
Once your company has been formed, Barclays will contact you with details on how to open your account. Your account will be opened within 6 to 8 weeks, and your business debit card will arrive within 5 days of the account being activated.
Established high street bank NatWest offer a business bank account with no transaction fees for the first 18 months. They also provide a range of borrowing options to help grow your business.
How to apply
NatWest will email you within 1 day of your company's incorporation with instructions for opening your account.
This business bank account offers spending notifications, pots to separate and manage your money, FSCS protection, and instant UK bank transfers. Starting with no monthly fees, it's a great choice for businesses.
How to apply
Monzo will email you within 24 hours of your company's formation to guide you through the account opening process.
This business bank account helps you manage your company's finances with an App that provides categorised spending, mobile cheque deposit, the ability to make in-app payments of up to £25,000 per day and monthly cashflow outlook. There is no monthly account fee for the first 12 months.
How to apply
Once your company has been formed, HSBC will email instructions on downloading their App. Once downloaded, you can apply in minutes, with most accounts being opened within 2 days.
This online business banking solution provides free money transfers and ATM transactions, 1% cashback on business expenses paid with your debit card, and the ability to set up direct debits. ANNA also provide multiple debit cards with customisable spending limits.
How to apply
Once your company is incorporated, you'll receive an email and SMS with a link to start your online application. Most accounts are opened in just 3 minutes, with your company's debit card arriving within 5 working days.
An online business bank account which includes expense cards, a business Mastercard and an award-winning app. You can set up direct debits, make purchases for free and arrange a business overdraft of up to £2,000.
How to apply
Once your company is formed, Zempler will contact you to complete a quick application. With no credit checks required, you'll receive your UK bank account and sort code within 5 minutes. Your business Mastercard will follow in the post within 5 working days of your account being opened.
A straightforward business banking solution for non-UK resident customers. Apply for an account in minutes and gain access to local account numbers and sort codes for over 10 currencies, including USD, GBP, and EUR. Pay staff partners, and suppliers in over 40 currencies and integrate with Xero for simple accounting and reconciliation.
How to apply
A referral is included free with our Non-Residents and eSeller packages. Once your company has been formed, you'll receive an 'Order Fulfilment' email containing a link to sign up for a WorldFirst Business Account. If your application is successful, you'll receive your UK bank sort code and account number shortly after. Account openings are subject to approval.
Business banking with Tide allows you to simplify your company's financial management. Their business account App integrates with tools like Xero, QuickBooks, Sage, and others, so you can take care of accounting and invoicing all in one place.
How to apply
After forming your company, complete a simple online application and your account will be opened within an hour. Once your account is open, your free business Mastercard will be sent to you.
