Best Business

Handelsbanken Business Banking

About Handelsbanken

Editorial Team

Handelsbanken are a relationship-first bank built on sustainability and customer satisfaction. They are a Swedish bank, founded in 1871, providing individual and corporate banking services to customers inside and outside the UK.

See our full Handelsbanken business bank account review of features, fees and how they compare against other online and high street bank accounts.

Handelsbanken pros & cons

Pros of Handelsbanken

  • Dedicated account manager
  • International transactions in a range of currencies
  • Network of branches throughout the UK

Cons of Handelsbanken

  • Undisclosed monthly fee
  • Critical customer reviews

Handelsbanken business bank account

These are the main features of banking with Handelsbanken:

  • Customer focused - Handelsbanken pride themselves on putting their customers first, offering friendly customer support
  • Dedicated business team - you get a direct line of contact to a dedicated account manager and experienced relationship team
  • FSCS protection - eligible money deposits, up to £85,000, are safe and protected by the Financial Services Compensation Scheme (FSCS)

Handelsbanken offer one current account with bespoke pricing:

  • Business Current Account - provides an easy and secure way to manage your money, including a range of currencies you can bank in.


To be eligible for a Handelsbanken business account you must:

  • Be a registered business
  • Be a UK resident
  • Be 18 or over
  • Have a UK-based business

You will also need to provide the following:

  • Identification for all directors/owners
  • Proof of addresses for all involved parties
  • Business name, address and registration information

Opening an account

Here's how to open a Handelsbanken business account:

  1. To open online download Handelsbanken's app from the App Store or Google Play, or sign up from their website
  2. To open in store find your nearest Handelsbanken, call to book an appointment & then head on in
  3. Complete their application - Handelsbanken will confirm your eligibility
  4. Verify your ID - with photo ID such as a passport or photocard driving licence
  5. Once approved you can start banking


Handelsbanken offer arranged overdrafts, subject to application. Unfortunately there is no information given on their site.

Handelsbanken reviews

Handelsbanken score a low 2.2 out of 5 stars on Trustpilot, from 92 reviews, with 54% giving them 1 star.

The Handelsbanken app does better on the App Store with 2.5 stars based on 13 ratings.

On Google Play Handelsbanken gets worse with a 1.6 star average from 6 reviews.

Information correct as of 9th January 2023.

Frequently asked questions

It's not uncommon to have questions when looking in to business banking, especially for the first time. These are some of the most relevant questions for Handelsbanken:

No, Handelsbanken business accounts do have a monthly fee but the bank doesn't show any of its rates.

Yes, eligible deposits to your Handelsbanken account are protected by the FSCS up to £85,000.