To open a business bank account in the UK, you must already be a registered trader with Companies House. If you've done this, the next step is to choose the bank with which you want to open your account, and then you'll need to provide the documents required by the bank.

For legal reasons, the bank you choose will need to know the tax status of your business, which means they may ask you to provide your unique tax reference (UTR) number. If yours is a new business and you have yet to apply for a UTR, you should do so before you attempt to set up your business bank account.

In the latter stages of setting up your business bank account, you will need to make an initial deposit to formally open it; the required amount varies depending on the bank you choose to bank with.

Many banks offer business accounts. The one you choose will depend on your specific needs, and how a given bank can accommodate them. You will also need to consider the benefits a bank offers your business and compare them to those offered by other banks.

With this in mind, it's hard to say definitely which bank offers the best business accounts; we have, however, compiled a list of banks that are popular amongst businesses in the UK. These might be a good place to start your research:

Some key factors to consider when choosing a bank include monthly fees, easy account access, and protection against fraud. Additionally, you may want to consider whether you need a traditional high-street bank or an app-only bank that makes your money more accessible and can be managed on the go.

To open a bank account for your business, you will need to provide certain documents and information. The exact requirements may vary depending on the bank, your business, and the type of account you want to open. Common requirements include but are not limited to:

	Proof of ID documents, such as a driving licence or passport
	Proof of UK address
	Business verification documents, such as a business license or partnership agreements
	Full business name and contact details
	Your Companies House registration number

It's important that you check the specific requirements of the bank you plan to use and gather all of the necessary documents before approaching them to open your business bank account. Otherwise, you run the risk of facing delays or being turned away by the bank you choose.

There are a few key factors to consider when comparing business bank accounts, such as monthly fees, interest rates, and minimum balance requirements.

If you typically have a positive balance in your business bank account, you may want to consider choosing an account that offers interest, whereas other businesses would benefit more from having a bank account that's more suited to continuous cash flow.

Only once you've considered all of these factors and more can you begin to start comparing the different providers out there. The whole process can be long, confusing and daunting; that's where we come in.

Regardless of the type of bank account you want or the type of industry you're in, we can find you the bank account that suits your business.