10 Best Business Banking Options UK (2025)
Compare the top business banking solutions in the UK to find the perfect fit for your company. From digital-first accounts to traditional banking services, we've analyzed the best options for businesses of all sizes.
Top Business Banking Options at a Glance
We've evaluated the best business banking solutions across key criteria including features, pricing, usability, and target company size. Our research is based on extensive online reviews, comparison sites, and user feedback. Here's a quick overview of our top picks:
| Bank | Best For | Price Range | User Rating | Key Feature |
|---|---|---|---|---|
| Square Card on MoneyTop Pick | Square sellers and small businesses integrated with Square ecosystem | $ | 4.6 1,200 reviews | Instant access to Square sales funds |
| Anna Money | Digital-first businesses needing automated bookkeeping and banking | $$ | 4.5 950 reviews | AI-powered business assistant |
| Revolut Business | Businesses with international operations and frequent currency exchange needs | $$ | 4.4 2,200 reviews | Multi-currency accounts |
| Monzo Business | UK small businesses looking for modern, mobile-first banking | $ | 4.7 1,800 reviews | Instant notifications |
| Starling Business | UK businesses wanting a full-featured digital bank with no monthly fees | $ | 4.8 2,500 reviews | Free UK banking |
| Tide | Small businesses needing quick account setup and basic banking features | $ | 4.3 1,600 reviews | Quick account opening |
| Countingup | Sole traders wanting combined banking and accounting solution | $$ | 4.4 900 reviews | Combined banking and accounting |
| Coconut | Freelancers and self-employed professionals needing tax and accounting help | $ | 4.2 750 reviews | Automated expense categorization |
* Pricing information is approximate and based on publicly available data as of March 2025. Ratings reflect analysis of online reviews shared across multiple platforms.
Detailed Business Banking Reviews
We've thoroughly analyzed each business banking option to help you make an informed decision. Here's our in-depth assessment of each provider's strengths, weaknesses, and ideal use cases.
Square Card on Money
Key Features
- •Instant access to Square sales funds
- •No monthly fees
- •Digital and physical business debit cards
- •Integration with Square ecosystem
- •Real-time transaction notifications
- •Cash back on business purchases
Limitations
- •Must use Square for payment processing
- •Limited traditional banking features
- •No international payments
- •No interest on balances
Anna Money
Key Features
- •AI-powered business assistant
- •Automated invoice scanning and management
- •24/7 customer support via chat
- •Business expense categorization
- •Tax calculation assistance
- •Multi-currency accounts
Limitations
- •Higher monthly fees than some competitors
- •Limited physical banking services
- •No credit facilities
- •UK-only availability
Revolut Business
Key Features
- •Multi-currency accounts
- •International payments at interbank rate
- •Physical and virtual cards
- •API access for automation
- •Expense management tools
- •Employee expense cards
Limitations
- •Customer support can be slow
- •Some features require higher tier plans
- •Weekend FX markup
- •Limited traditional banking services
Monzo Business
Key Features
- •Instant notifications
- •Tax pots for saving
- •Integration with accounting software
- •Team access and permissions
- •Invoice creation and tracking
- •Business expense categorization
Limitations
- •Cash deposit limits
- •Limited international features
- •Premium features require paid plan
- •UK-only availability
Starling Business
Key Features
- •Free UK banking
- •Integrated accounting tools
- •Payment scheduling
- •Multi-currency wallets
- •Business toolkit add-on
- •24/7 customer support
Limitations
- •Limited physical branches
- •Some features require paid add-ons
- •UK-focused services
- •Business loans subject to eligibility
Tide
Key Features
- •Quick account opening
- •Expense categorization
- •Invoice creation
- •Team cards
- •Accounting integration
- •Credit facilities
Limitations
- •Transaction limits on free plan
- •Cash deposits via Post Office only
- •Limited international features
- •Support only during business hours
Countingup
Key Features
- •Combined banking and accounting
- •Automated bookkeeping
- •Tax estimates
- •Receipt capture
- •Invoicing tools
- •MTD VAT returns
Limitations
- •Higher monthly fees
- •Limited banking features
- •No multi-currency support
- •UK-only availability
Coconut
Key Features
- •Automated expense categorization
- •Self-assessment tax estimation
- •Invoice creation
- •Receipt capture
- •Accounting integration
- •VAT calculation
Limitations
- •Limited traditional banking features
- •No international payments
- •Basic reporting tools
- •No joint accounts
Frequently Asked Questions About Business Banking
Get answers to the most common questions about business banking accounts and services.
What should I look for in a business bank account?
When choosing a business bank account, consider monthly fees, transaction limits, available integrations with your accounting software, mobile banking capabilities, card options, business lending availability, and customer support. The best account for your business depends on your specific needs, transaction volume, and growth plans.
Is it worth paying for a business bank account?
While many digital business accounts offer free options, paid business accounts often provide additional features that may be worth the cost. These can include higher transaction limits, lower foreign exchange fees, interest on balances, better customer support, and integration with accounting software. Evaluate whether the benefits will save you time or money in the long run.
Can I use a personal account for my business?
While technically possible for sole traders, using a personal account for business is not recommended. Separate business accounts make accounting and tax filing easier, appear more professional to clients, may protect your personal assets, and are required for limited companies. Most banks' terms of service also prohibit using personal accounts for business purposes.
How long does it take to open a business bank account?
Opening times vary significantly. Digital banks like Monzo and Revolut often offer the fastest setup, sometimes in minutes or hours. Traditional banks typically take 1-4 weeks due to more extensive verification processes. Limited companies generally face longer verification than sole traders. Having all your documentation ready (proof of ID, address, business registration) can speed up the process.
Finding the Right Business Banking Solution
Choosing the right business banking provider is a critical decision that can impact your company's financial operations and growth. Consider your specific needs, transaction volume, integration requirements, and growth plans when making your choice.
Whether you're a freelancer, small business, or growing enterprise, there's a business banking solution that's right for you. The digital revolution in banking has created more options than ever, with competitive features and pricing across the board.
Get Expert Advice