Best Business

Amaiz Business Banking

About Amaiz

Editorial Team
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Amaiz offer online and mobile banking, through the web and their app. Their digital business accounts come with helpful built-in invoicing, accounting and, of course, banking-like services. They are a relatively new account provider, having fully launched in 2019.

See our full Amaiz business account review and see how they compare with other online business account providers.

Amaiz pros & cons

Pros of Amaiz

  • Free business account available
  • Bank whenever with online & mobile banking
  • Save money with their Jar sub-accounts
  • Free UK bank transfers
  • Free accounting advice & bookkeeping features included

Cons of Amaiz

  • Not covered by the FSCS
  • No overdrafts available

Amaiz business accounts

Amaiz offer multiple online business accounts to small businesses, sole traders and limited companies.

These are the fees for Amaiz' business accounts:

Account nameAmaiz BusinessAmaiz Business+Amaiz Enterprise
Onboarding feeFree£100£250-£1,000
Monthly feeFree£49£99
SEPA transfers0.25% (£3 min)0.40% (£4 min)0.50% (£10 min)
SWIFT transfers0.25% (£40 min)0.40% (£50 min)0.50% (£50 min)
Card purchasesFreeFreeFree
ATM withdrawalsFreeFreeFree

Eligibility

To be eligible for an Amaiz account you must:

  • Be a sole trader or limited company
  • Be a UK resident (all owners must be UK residents, if applicable)
  • Be a UK-based business
  • Be 18 or over
  • Have a UK phone number

Opening an account

Here's how to open a Amaiz business account:

  1. Download Amaiz' app from the App Store or Google Play or sign up from their web app
  2. Complete their digital application - Amaiz will confirm your eligibility
  3. Verify your ID - you'll need to upload a picture ID and a video of yourself
  4. Once approved, you can start banking

Amaiz reviews

Amaiz average a great 4.1-star rating on Trustpilot, from nearly 170 reviews, where 68% rated them 5 stars.

Information correct as of 25th January 2024.