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.
free
First 12 monthsfree
free
free
free
First 2 yearsfree
First 2 years
free
free
First 2 yearsfree
First 2 years
free
First 12 monthsfree
free
GBP only
free
20p
free
free
30p
free
free
20p
free
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.
