In Partnership with Prudent Path Financial
Find the Right Bank Account With Prudent Path Financial
Compare and choose the best business banking solutions with an impartial, easy-to-use tool!
- Free & Unbiased Comparison
- Quick and Easy to Use
- Trusted by Thousands of Businesses
Find the Right Business Bank Account
Our Top Pick
Monthly Fee
£0
Bank Transfers
£0.2
Card Purchases
£0
Overdraft
–
Access
App & Online
Tide Business Bank Account
Eligibility Criteria
To be eligible for Tide’s free business account, you must be a director of a limited company registered with Companies House or a sole trader with a valid UK home address and registered with HMRC. You must be at least 18 years old, have a valid UK phone number, and hold a biometric-enabled device. Certain high-risk industries may not be eligible for the account.
Monthly Fee
£10
Bank Transfers
£0.2
Card Purchases
0
Overdraft
–
Access
App & Online
Revolut Business Basic Account
Eligibility Criteria
To be eligible for Revolut’s Business Basic account, your company must be fully incorporated and active, registered in an eligible country, and the individual opening the account must be at least 18 years old. You need to provide your operating address, a description of your business, proof of identity, and confirm how you intend to use the account. Certain business types or those involved in restricted activities may not be eligible.
Monthly Fees
£0
Bank Transfers
£0
Card Purchases
£0
Overdraft
–
Access
App & Online
Airwallex Business Explore Account
Eligibility Criteria
To be eligible for Airwallex’s Business Explore account, your business must be registered in a supported country, and you must be a registered business, as personal accounts are not supported. The application process is entirely online, and approval typically takes a few days for eligible applicants. Certain business types or those involved in restricted activities may not be eligible.
Monthly Fees
£0
Bank Transfers
From 0.33%
Card Purchases
£0
Overdraft
–
Access
App & Online
Wise Business Bank Account
Eligibility Criteria
To be eligible for a Wise Business bank account, you must provide proof of your business’s identity and verify your personal identity. The account is designed for businesses engaging in international transactions, and there is no minimum balance required. Certain business types or activities may not be eligible, and additional documents may be requested to verify your identity.
Monthly Fees
£0
Bank Transfers
£0.3
Card Purchases
£0
Overdraft
–
Access
App & Online
ANNA Money Pay as You Go Account
Eligibility Criteria
To open an Anna Money Pay As You Go account, you must be a UK resident, at least 18 years old, and either a sole trader, director of a limited company listed on Companies House, or a partner in a Limited Liability Partnership (LLP). Your business must be located in the UK, and you must have a UK residential address. Charities and certain prohibited businesses are not eligible.
Monthly Fees
£0
Bank Transfers
£0
Card Purchases
£0
Overdraft
–
Access
Overdraft
Allica Bank Business Rewards Account
Eligibility Criteria
To open an Allica Bank Business Rewards Account, you must be an established business that has been incorporated for at least 12 months and typically maintains a balance of £50,000 or more in the account. Your business should be based in the UK, registered with Companies House, and have between 5 and 250 employees. Having a loan product with Allica Bank can also qualify you for this account.
Monthly Fees
£0
Bank Transfers
£0
Card Purchases
£0.3
Overdraft
£2,000
Access
App & Online
Zempler Bank Business Go Account
Eligibility Criteria
To open a Zempler Bank Business Go Account, you must be at least 18 years old and a UK resident with your business based and registered in the UK. The business must operate in a supported industry and meet standard Know Your Customer (KYC) and fraud checks. Limited companies must be registered with Companies House and have an active status. You must meet the eligibility requirements if you’re a corporate shareholder or have Persons of Significant Control (PSCs). Sole traders must not be registered at Companies House.
Monthly Fees
£12.50
Bank Transfers
£0.3
Card Purchases
£0
Overdraft
–
Access
App & Online
Card One Money Business Account
Eligibility Criteria
To open a Card One Money Business Account, you must be at least 18 years old and a UK resident with a UK-registered business. The business must have an annual turnover of less than £2 million for the standard Business Account. Card One Money does not conduct credit checks, but you will need to pass identity and residency checks. The business must not operate in prohibited industries such as weaponry, unlicensed gambling, or illegal goods and services. You will also need to pay a £55 one-off application fee and a monthly fee of £12.50 for the account.
How it works?
Finding the perfect bank account for your business has never been easier. Just follow these 3 steps:
Compare
Compare the best bank accounts for your business, independently curated.
Choose
Choose the account you’d like to open by simply clicking the “See Deal” website.
Save
All the accounts we feature on this page are either offering a free plan, or are very affordable.
What our clients say
I know I can trust Wise to transfer my money when I need it and also that I can hold money in Wise until the exchange rate is more suitable if necessary.
It’s so easy to use my Wise Card in shops, restaurants etc and to withdraw cash if required.
I have travelled in other European countries using my card with no problems. I would recommend them to anyone.
It’s so easy to use my Wise Card in shops, restaurants etc and to withdraw cash if required.
I have travelled in other European countries using my card with no problems. I would recommend them to anyone.
I made an online purchase through an app. I needed to put the receipt against the transaction in Anna.
When I clicked on Share to download the receipt Anna was on the list. Clicked it. Pdf imported, matched to the transaction, the right transaction, first time, with one click.
Just brilliant.
When I clicked on Share to download the receipt Anna was on the list. Clicked it. Pdf imported, matched to the transaction, the right transaction, first time, with one click.
Just brilliant.
Easy step by step guide to set up new account with exceptional customer service who helped our business get set up without any issues.
A refreshing change from our experiences with out business banking providers. Once set up competitive interest rate with added bonus for first six months, thank you.
A refreshing change from our experiences with out business banking providers. Once set up competitive interest rate with added bonus for first six months, thank you.
Two recent reasons to call about a possible fraudulent transaction.
Quickly though to a person who dealt with it effectively, in a very timely manner on both occasions and didn’t have to hold on very long for them to answer.
Quickly though to a person who dealt with it effectively, in a very timely manner on both occasions and didn’t have to hold on very long for them to answer.
I use the chat most of the time and the service I receive is second to none for all who speak to me…
I would like to thank all those responsible so very much…THANK YOU…Excellent service…Nice to see
I would like to thank all those responsible so very much…THANK YOU…Excellent service…Nice to see
Setting up a business account can sometimes be a bit of a headache, but Christina made the whole thing easy.
Super friendly, down-to-earth, and really knew her stuff. She explained everything clearly, answered all my questions without any jargon, and just made the whole process feel effortless.
Honestly, couldn’t have asked for a better experience – she’s a star!
Super friendly, down-to-earth, and really knew her stuff. She explained everything clearly, answered all my questions without any jargon, and just made the whole process feel effortless.
Honestly, couldn’t have asked for a better experience – she’s a star!
The simplicity and cost-effectiveness of Revolut’s approach to using the app is amazing. Adding money to your account is quick and easy, and transferring money is easy and cheap.
I’ve already recommended Revolut to many of my friends.
I’ve already recommended Revolut to many of my friends.
We started using Airwallex a few months ago and have benefitted from a range of business banking services (international payments, cards, FX transfers, etc.) all delivered flawlessly.
On the few occasions when we have needed to reach out with technical questions the support has been prompt and incisive, pinpointng what we needed to do.
Highly recommended.
On the few occasions when we have needed to reach out with technical questions the support has been prompt and incisive, pinpointng what we needed to do.
Highly recommended.
I know I can trust Wise to transfer my money when I need it and also that I can hold money in Wise until the exchange rate is more suitable if necessary.
It’s so easy to use my Wise Card in shops, restaurants etc and to withdraw cash if required.
I have travelled in other European countries using my card with no problems. I would recommend them to anyone.
It’s so easy to use my Wise Card in shops, restaurants etc and to withdraw cash if required.
I have travelled in other European countries using my card with no problems. I would recommend them to anyone.
I made an online purchase through an app. I needed to put the receipt against the transaction in Anna.
When I clicked on Share to download the receipt Anna was on the list. Clicked it. Pdf imported, matched to the transaction, the right transaction, first time, with one click.
Just brilliant.
When I clicked on Share to download the receipt Anna was on the list. Clicked it. Pdf imported, matched to the transaction, the right transaction, first time, with one click.
Just brilliant.
Easy step by step guide to set up new account with exceptional customer service who helped our business get set up without any issues.
A refreshing change from our experiences with out business banking providers. Once set up competitive interest rate with added bonus for first six months, thank you.
A refreshing change from our experiences with out business banking providers. Once set up competitive interest rate with added bonus for first six months, thank you.
Two recent reasons to call about a possible fraudulent transaction.
Quickly though to a person who dealt with it effectively, in a very timely manner on both occasions and didn’t have to hold on very long for them to answer.
Quickly though to a person who dealt with it effectively, in a very timely manner on both occasions and didn’t have to hold on very long for them to answer.
I use the chat most of the time and the service I receive is second to none for all who speak to me…
I would like to thank all those responsible so very much…THANK YOU…Excellent service…Nice to see
I would like to thank all those responsible so very much…THANK YOU…Excellent service…Nice to see
Setting up a business account can sometimes be a bit of a headache, but Christina made the whole thing easy.
Super friendly, down-to-earth, and really knew her stuff. She explained everything clearly, answered all my questions without any jargon, and just made the whole process feel effortless.
Honestly, couldn’t have asked for a better experience – she’s a star!
Super friendly, down-to-earth, and really knew her stuff. She explained everything clearly, answered all my questions without any jargon, and just made the whole process feel effortless.
Honestly, couldn’t have asked for a better experience – she’s a star!
The simplicity and cost-effectiveness of Revolut’s approach to using the app is amazing. Adding money to your account is quick and easy, and transferring money is easy and cheap.
I’ve already recommended Revolut to many of my friends.
I’ve already recommended Revolut to many of my friends.
We started using Airwallex a few months ago and have benefitted from a range of business banking services (international payments, cards, FX transfers, etc.) all delivered flawlessly.
On the few occasions when we have needed to reach out with technical questions the support has been prompt and incisive, pinpointng what we needed to do.
Highly recommended.
On the few occasions when we have needed to reach out with technical questions the support has been prompt and incisive, pinpointng what we needed to do.
Highly recommended.
Frequently asked Questions
Consider the fees associated with the account, such as monthly maintenance fees and transaction fees. Look for accounts that offer features tailored to your business needs, like online banking, mobile deposits, and integration with accounting software.
Also, evaluate the bank’s customer service and accessibility, including branch locations and ATM networks.
Assess your business’s financial needs and compare them with the features and benefits offered by different business bank accounts.
Consider the size of your business, transaction volume, and whether you need specific services like merchant services or international banking. Reading reviews and seeking recommendations from other business owners can also be helpful.
A business checking account is designed for day-to-day transactions, such as paying bills, depositing revenue, and managing cash flow.
A business savings account, on the other hand, is intended for saving money and earning interest. It often has limitations on the number of withdrawals you can make each month.
Yes, many banks offer the option to open a business bank account online. You’ll typically need to provide information about your business, such as your Employer Identification Number (EIN), business license, and personal identification.
However, some banks may require you to visit a branch to complete the process.