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Zempler Bank Business Banking
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ANNA Money Business Banking
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Tide Business Banking
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Revolut Business Banking
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Countingup Business Banking
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25 Best Business Bank Accounts for Startups in 2024

Editorial Team

There are lots of challenges when launching a new business, but banking shouldn't have to be one of them. With a business bank account for startups you can get a better deal, like up to 30 months free, and still benefit from great features and helpful resources.

Find the best business bank account for your startup or new business by choosing from our list of top UK startup bank accounts.

Tide Business Bank Accounts

  • Digital bank accounts covered by the FSCS suitable for new businesses
  • Register a business for £9.99 & open an account for free
  • Receive a £50 voucher with code £50VOUCHER when you sign up (T&Cs apply)
  • Syncs with QuickBooks, Xero or Sage accounting software
  • Easily upload receipts & automatically match them to transactions
  • Manage the account 24/7 online or on mobile app
  • Trustpilot rating of 4.3 stars out of 5
  • Offer an instant access savings account with 4.33% AER
  • Paid accounts with extra features from £9.99 to £49.99 plus VAT
Tide Business BankingWebsiteRead our in-depth Tide review

Zempler Bank Business Accounts

  • Free online account available for startups with no credit score
  • Register a limited company for free & open a bank account
  • Offer accounting integrations with Xero, QuickBooks & Sage
  • Expense cards, business credit cards & overdrafts available, eligibility criteria applies
  • Get free transfers each month, once used you'll pay 30p per payment
  • Have 24/7 access to your account, either online or mobile banking
  • Rated 3.8 stars out of 5 on Trustpilot
  • Fully regulated challenger bank with FSCS protection on deposits
  • Paid accounts with 0.5% cashback on spend available for £9 per month
Zempler Bank Business BankingWebsiteRead our in-depth Zempler Bank review

ANNA Money Business Accounts

  • Digital accounts starting from £0 per month, suitable for new businesses
  • Just pay for transactions: 20p local transfers & £1 ATM withdrawals
  • Built-in invoicing & accounting software
  • Register a business for free, with a fast & simple process
  • Get 1% cashback on card purchases
  • Manage the account 24/7 online
  • 4.5 star rating on Trustpilot, however deposits do not benefit from FSCS protection
  • Upload receipts with ease, categorise transactions & auto-match expenses
  • Free tools available to help with the admin side of starting a business
  • Paid accounts with free transaction allowances available for £14.90 to £49.90, plus VAT
ANNA Money Business BankingWebsiteRead our in-depth ANNA Money review

Cynergy Bank Business Current Account

  • Online business bank account with no monthly fees for the first 12 months
  • Offer is available to new customers for a limited time only, T&Cs apply. Monthly fee of £25 afterwards
  • Fee covers all standard electronic transactions (excludes cash, CHAPS, SWIFT & SEPA)
  • Get access to Faster Payments, CHAPS, SWIFT, SEPA & FX, fees apply
  • Deposit cash at HSBC branches
  • Applications can be completed in as little as 15 minutes
  • Manage the account online with 24/7 access
  • Get 2.50% AER variable on balances to £25,000 & 0.25% AER on anything over
  • Regulated bank benefiting from FSCS protection up to £85,000, on eligible deposits
Cynergy Bank Business BankingWebsiteRead our in-depth Cynergy Bank review

Countingup Business Accounts

  • Low-cost business accounts made for startups & sole traders
  • Monthly fees start from £3 to £18 per month, based on how much is deposited
  • Maximum balance limits apply; £50,000 for freelancers & £120,000 limited companies
  • Make the most of their integrated accounting & invoicing tools
  • Manage the account 24/7 online
  • Rated 4.4 stars on Trustpilot though accounts are not covered by the FSCS
  • Capture digital receipts & automatically match to expenses
  • All new customers receive a three month trial where all transactions are free
  • After the trial, transfer fees cost 30p & withdrawals cost £1
Countingup Business BankingWebsiteRead our in-depth Countingup review

Revolut Business Basic

  • Free accounts eligible for startups, including sole traders
  • No monthly fees to pay plus get five free local payments each month, 20p thereafter
  • Connects with accounting software like Xero or QuickBooks
  • No charge for sending money to other Revolut accounts
  • Multi-currency account that can hold more than 28 different currencies
  • 24/7 online & mobile management
  • Trustpilot rating of 4.2 stars, although your money is not covered by the FSCS
  • Support available by email or in-app chat, no priority on free accounts though
  • Effortless invoice management or get paid with payment links or QR codes
  • Paid company & freelancer accounts available from £5 to £79 per month
Revolut Business BankingWebsiteRead our in-depth Revolut review

Airwallex Business Account

  • Free online multi-currency account suitable for new businesses
  • With no monthly fees or charges to open
  • Integrates with ecommerce platforms like Amazon, Shopify & WooCommerce, & accounting tools like Xero
  • Offers built-in free expense management with borderless corporate & employee cards
  • Along with online payment accepting for an all in one platform
  • Rated 3.9 stars out of 5 on Trustpilot
  • Funds are not covered by the FSCS but are protected by safeguarding so funds are protected at all times
  • Open multi-currency accounts with local bank details in 23+ currencies in 60+ countries
  • Transfer to 150 countries, where 70% of transfers arrive the same day
Airwallex Business BankingWebsite

Starling Bank Business Current Account

  • Online current account suitable for new businesses & startups
  • No monthly or transaction fees for electronic payments & withdrawals
  • Syncs with leading accounting software like Xero & QuickBooks
  • Arranged business overdrafts available
  • 24/7 mobile banking with their award-winning app
  • Rating of 4.4 stars on Trustpilot & eligible deposits protected by the FSCS, up to £85,000
  • UK customer service team, available 24/7
  • All card purchases are free
Starling Bank Business BankingWebsiteRead our in-depth Starling Bank review

Wise Business Account

  • International business account suitable for startups & new businesses
  • No monthly fees apply with fixed rate transfer fee of 65p (this varies by currency)
  • 6x cheaper to send money than with a traditional bank
  • 50% of payments are instant or take an hour
  • £45 one-off application fee & £3 to get debit card
  • Sync with QuickBooks or Xero accounting software
  • 24/7 online & mobile banking
  • Rated 4.2 stars on Trustpilot & deposits may be covered by the FSCS
  • Live-chat customer support team available 24/7
  • Hold 50 different currencies & transfer to more than 80 countries
Wise Business BankingWebsiteRead our in-depth Wise review

Monzo Business Bank Accounts

  • Offer a free account suitable for startups with a single director
  • Pay nothing for instant UK bank transfers
  • Integrated tax & 1.60% AER savings pots available
  • Bank wherever with online & mobile banking
  • Fully regulated UK bank, protected by the FSCS
  • Instant payment notifications & smart receipt capture
  • Award-winning customer support available 24/7
  • Instant access savings pot offering 1.60% AER available
  • On £5 a month paid accounts, available for multiple-director startups
Monzo Business BankingWebsiteRead our in-depth Monzo review

Mettle Business Bank Account

  • Completely free business bank account by NatWest, created for startups & sole traders
  • Maximum balance limits apply; £50,000 for freelancers & £100,000 limited companies
  • Connect & use FreeAgent accounting software for no charge
  • Online-only account management accessible 24/7
  • Rated 4.6 stars on Trustpilot with FSCS protection on deposits
  • 24/7 in-app customer support from real people
  • Manage invoices easily with Mettle Invoicing
  • Get notified when you get paid or when you pay for something
  • Open savings pots with 1.46% AER interest to help fund your goals
Mettle Business BankingWebsiteRead our in-depth Mettle review

NatWest Start-up Business Account

  • Designed for startups in their first year of trading with an annual turnover of less than £1 million
  • 24 months free banking for new businesses
  • No monthly fees thereafter just pay for the services you use
  • Free access to FreeAgent digital accounting software
  • Access financial help with loans, credit cards, overdrafts & business savings
  • Eligible deposits up to £85,000 are covered by the FSCS
  • Awarded Moneyfacts Best Service from a Business Bank 2023
  • 24/7 banking with mobile & online or visit a branch
  • With a large network across England, including mobile ones
  • Business know-how guides & startup tools available
NatWest Business BankingWebsiteRead our in-depth NatWest review

Barclays Start-up Business Account

  • Available for startups with annual turnover of less than £400,000 & that have been trading for less than 12 months
  • No standard banking fees apply to new businesses for 12 months
  • Monthly fee of £8 or £8.50 thereafter, depending on tariff
  • Choose from their electronic payments or mixed-transaction tariffs
  • All accounts are covered by the FSCS, up to £85,000
  • Get specialist advice from teams of startup experts
  • Awarded Moneyfacts Business Start-up Bank of the Year 2023
  • Multiple borrowing products & savings offered
  • 24/7 online & mobile management
  • Easily track & chase payments with their invoicing tools
Barclays Business BankingWebsiteRead our in-depth Barclays review

Santander Business Current Account

  • Two plans available for startups within their first year of trading
  • New businesses pay nothing or a discounted monthly fee of £5 for 18 months, depending on account
  • Standard monthly fee of £7.50 or £12.50 after the free period
  • Awarded Moneyfacts Best Business Current Account Provider & Business Bank of the Year 2023
  • Savings accounts, credit cards & overdrafts offered
  • Regulated bank benefitting from FSCS protection
  • 24/7 online & mobile management, or visit one of the 400+ branches UK-wide
  • Friendly & experienced customer support team
  • Earn interest & up to £300 cashback a year
Santander Business BankingWebsiteRead our in-depth Santander review

Virgin M Account for Business

  • Available for startups that turnover less than £1 million per year
  • Only pay for what you use with no monthly account fees
  • Automatic £1,000 overdraft offered on account opening
  • Other borrowing & savings solutions available
  • 24/7 account management with their app
  • Currently has over 130 branches in the UK
  • Benefits from FSCS protection on funds up to £85,000
  • UK customer support available Monday to Friday, or contact on socials or in the app
  • Earn 0.35% cashback on eligible card payments
Virgin Money Business BankingWebsiteRead our in-depth Virgin Money review

Lloyds Small Business Account

  • New businesses in their first year that turnover less than £3 million can apply
  • 12 months free banking period for startups
  • Account fee of £7 after with free electronic payments
  • Get three months Business Finance Assistant accounting for free
  • Expert support available, helping 100,000 new businesses each year
  • Access to finance products including overdrafts
  • 24/7 online & mobile banking
  • One of the big four banks in the UK offering FSCS protection
  • Dedicated business management team available to help
Lloyds Bank Business BankingWebsiteRead our in-depth Lloyds Bank review

HSBC Kinetic Current Account

  • Account for startups with one director
  • New businesses receive 12 months of free banking
  • Normal monthly fee of £6.50 with free direct debits & standing orders
  • Business credit cards & overdrafts are available
  • Offered HSBC Kinetic Savings Account upon application
  • 24/7 account management with their app
  • Leading UK bank with FSCS protection on deposits up to £85,000
  • In-app or phone support available Monday to Friday
  • Business partners with leading brands for great offers
HSBC Business BankingWebsiteRead our in-depth HSBC review

TSB Business Plus Account

  • Account available for startups & new small businesses
  • With 25 months free banking period for all new customers
  • £5 monthly fee after, unless an average balance of £10,000 is maintained then no charge
  • Choose from their electronic payments or mixed-transaction tariffs
  • Finance & business savings accounts are available
  • Your money is covered by the FSCS up to £85,000
  • Bank online or by mobile 24/7, or visit in-branch
  • Customer support available Monday to Friday, 8am-6pm & Saturday, 9am-2pm
  • Access specialist startup business tools & guides
TSB Business BankingWebsiteRead our in-depth TSB review

The Co-operative Directplus Account

  • New businesses get 30 months of fee-free banking if balance is kept above £1,000
  • Normal £7 monthly fee after the 30 month period
  • Lending products & savings accounts offered
  • Eligible deposits up to £85,000 are protected by the FSCS
  • Manage the account 24/7 online
  • Or there are 50 branches available across England, Scotland & Wales
  • Ethical & sustainable bank with community values
  • Customer service available via text, phone or online, Monday to Sunday
The Co-operative Bank Business BankingWebsiteRead our in-depth The Co-operative Bank review

Cumberland Building Society Business Current Accounts

  • Suitable for startups expecting to turnover less than £250,000
  • Must also live within their branch operating area
  • New businesses pay no fees for 12 months
  • Two current account options available thereafter, depending on preferred transaction type
  • Option A (£5pm) for those that work with cash & Option B (£3) for those that make more digital payments
  • Both accounts are covered by the FSCS
  • Bank from anywhere with online & mobile banking
  • Internet Banking customers have exclusive access to their eSavings account
  • Connect Xero for seamless accounting features
  • Friendly Customer Care team, based in Carlisle
Cumberland Building Society Business BankingWebsiteRead our in-depth Cumberland Building Society review

Bank of Scotland Small Business Account

  • Startups in their first year that turnover less than £3 million can apply
  • No fees for 12 months for new businesses
  • Account fee of £7 thereafter with free electronic payments
  • Access their digital know-how learning platform which includes free resources & workshops
  • Business savings & overdrafts are available
  • Benefits from protection on deposits up to £85,000, by the FSCS
  • Manage the account 24/7 online or by mobile app
  • All branches are located across Scotland
  • Access to a designated management team to help support your business
  • Personalise the account & choose when to get alerted
Bank of Scotland Business BankingWebsiteRead our in-depth Bank of Scotland review

Royal Bank of Scotland Start-up Business Account

  • Designed for startups within their first year, turning over no more than £1 million per year
  • 24 months free banking for new businesses
  • No minimum monthly fee thereafter just pay for the services you use
  • Includes free access to their FreeAgent accounting software
  • Business loans, credit cards & overdrafts available
  • FSCS-protected accounts, covering eligible deposits up to £85,000
  • Manage the account wherever with online & mobile banking
  • Branches are mainly in Scotland, but also England & Wales
  • Experienced UK-based support team
  • Business know-how guides & tools available
Royal Bank of Scotland Business BankingWebsiteRead our in-depth Royal Bank of Scotland review

Cater Allen Reserve Account for Business

  • Free account available & suitable for new starting businesses
  • Benefit from 30 free transactions each month
  • Free debit card available in euros & US dollars included
  • Borrowing options available but no overdrafts
  • Manage the account 24/7 online or bank by phone or post
  • Part of Santander Banking Group offering FSCS protection
  • Earn interest on balances over £500,000
  • Move money between different currencies with no conversion fees
Cater Allen Private Bank Business BankingWebsiteRead our in-depth Cater Allen Private Bank review

SumUp Business Account

  • Online-only account suitable for new businesses & ecommerce starters
  • No monthly with free instant transfers & three ATM withdrawals free each month
  • Access their suite of products to help accept payments or sell online
  • 24/7 management through the web or mobile app
  • This is an e-money account, meaning your money is not protected by the FSCS
  • Integrates with leading accounting software
  • Create & chase invoices with their own invoicing tools
  • Contactless Mastercard with free transactions, great for tracking expenses
  • Email, phone or live chat support available
SumUp Business BankingWebsiteRead our in-depth SumUp review

What is the best startup business bank account?

Here's what we think are the best startup bank accounts and what for:

  • Best startup business account overall: Tide Business Bank Accounts · From £0
  • Best free startup account: Starling Business Current Account · Free
  • Best for new businesses with no credit score: Zempler Business Bank Accounts · From £0
  • Best for registering your business: Tide Business Bank Accounts · From £0
  • Best for built-in accounting: Countingup Business Accounts · From £3

What is a startup bank account?

Startup business bank accounts are accounts specifically designed for new and early-stage businesses. They provide a range of banking services tailored to the needs of startups, making it easier for them to manage their finances, receive payments, and carry out day-to-day business transactions.

How much do startup bank accounts cost?

Many banks offer new startup businesses completely free banking periods usually ranging from a few months to 30 months. Once the free period is over you'll usually need to pay an account management fee and for services you use, such as bank transfers, withdrawals and deposits.

Is there any specific eligibility criteria for startup business accounts?

In order to open a bank account with a traditional bank your business will need to be a new startup (trading for less than a year) and your turnover will need to be less than an amount specified by the provider, this can be in the range of £1 million to £6.5 million per annum.

How to open a startup business bank account

Opening a startup bank account is slightly different to opening a generic business account.

The documents and information you'll need to provide when applying will differ from those needed from established businesses, since you'll have much less trading history.

In general you should need:

  • Proof of identification - a passport or driver's licence
  • Proof of address - a recent bank statement or utility bill
  • Business information - the registered address, contact details, expected yearly turnover, credit history, and the Companies House registration details if applicable

How to choose a startup business account

While cost may be a big factor in your business banking decision, it should not be the only thing you consider. A lot of startup-specific bank accounts offer bespoke support from industry professionals, experienced business teams or even a community of like minded startups.

It is also not unusual to have access to advanced bookkeeping or accounting software, that can automate a lot of processes, saving you time if you're unsure on what you're doing, and saving you money not having to hire an accountant.

If your business doesn't use cash then it might be a good idea to look at online banks since they tend to have lower transaction fees. Similarly, if you handle a lot of cash then a high street bank may offer a more relevant and cheaper banking solution.

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 business bank accounts:

Usually banks stipulate that businesses are eligible to open a startup account if the business is less than a year old and fits their specified annual turnover requirements.

Most startup bank accounts come with fee free banking periods, up to 30 months, as well as bespoke startup support and tools, such as a dedicated business advisor or helpful accounting features.

The time it takes to open your new startup bank account varies depending on what provider you go with, but in general opening an account with a traditional bank can take up to three weeks whereas online accounts can sometimes be opened the same day as applying.

Many business bank account providers offer free everyday banking periods to new and startup businesses. Some even offer accounts with no monthly fees under certain eligibility criteria.

Startup business bank accounts offer specific features geared towards newly formed businesses. Things like integrated and automated invoicing, startup guides including advice from industry pros and so much more.