Compare business bank accounts
Choosing the right business bank account is a decision that will impact your company on a daily basis for years to come.
Whether you’re a start-up opening an account for the first time or an established SME switching for a more competitive deal, we will help you compare the best options.
Compare business bank accounts
Whether you are a small start-up or a large organisation, a current account is almost always essential. As a limited company, you will need a banking facility, this is because the business is a separate legal entity. It is not a legal requirement if you are self-employed, although it will help organise your finances.
There are many types of current accounts for businesses, such as those with overdrafts, online account management, free business accounts to mobile apps and balance text alerts. If you hold a business account, you will be able to keep your personal and business finances separate. Having a business bank account will make applying for a business credit card or loan more straight forward in the future.
Deciding which business account is the best, is exactly the same as comparing personal accounts, it is important to find the best fit for your requirements.
Business banking options are different to personal accounts, as they often charge a monthly account fee and transaction fees. Although, by comparing the available accounts you may be able to reduce or completely avoid charges in the early days.
How to compare business bank accounts
Charging structures for business accounts can be complex and time-consuming to compare, with limited comparison tools reviewing them like for like. We understand that it can be difficult to compare the options available, so we have created a free, no-obligation comparison service.
Our service is designed to help you find the ideal bank account, whether you are a contractor seeking a contractor bank account, have bad credit or you are a small business. Whether it is your first account or you’d like to switch your business banking.
It may seem easy to open an account with your personal bank, but they may not offer the features required. There are a variety of account requirements, so we have split the available options into different sections.
