Rizq Business Banking

About Rizq

Please note that Rizq no longer offer business accounts.

Rizq were a digital banking platform that offered online accounts to small and medium businesses. They were founded in 2020 and were the first financial technology company to bring fully-digital, Sharia-compliant business accounts to the UK.

See our full Rizq business account review and see how they compare with other UK business bank account providers.

Rizq pros & cons

Pros of Rizq

• Ethical banking with competitive features
• Free Mastercard & virtual business card
• Friendly support from real people that treat you like a priority
• 24/7 access with mobile & online banking

Cons of Rizq

• No transaction insights or analytics, yet (coming soon)
• No customer support available by phone
• Deposits are not protected by the FSCS

Rizq business account

Rizq offered one business current account to UK businesses:

• Business Account - available to limited companies for £5.99 per month

Here is a summary of the fees associated with a Rizq business account:

Eligibility

To be eligible for a Rizq business account you must:

• Be a limited company, registered with Companies House
• Be a UK resident and above 18 years old
• Provide valid a ID and proof of address

Opening an account

Here's how to open a Rizq business account:

1. Download Rizq's app from the App Store or Play Store
2. Complete their digital application - Rizq 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

Rizq reviews

Rizq has an average 3.6-star rating on Trustpilot, from over 40 reviews, with 68% giving them 5 stars. These reviews include personal account ratings.

Information correct as of 12th September 2024.