We've matched you with 4 Business Bank Accounts!
ANNA
The ANNA Free Business Current Account
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1 month free trial of ANNA business account* -
Open your ANNA business current account in less than 10 minutes* -
Say goodbye to branch visits and paper forms
Zempler Bank
Business Go Bank Account
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Apply for account online in minutes
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No monthly or annual fees
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Mobile App and Online Banking available, supported by UK-based customer service team
Tide
Tide Business Bank Account
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The all-in-one business finance platform, designed to run your business better
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Apply for an account in minutes
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Mobile app available
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24/7 in-app chat support
What is a Business Bank Account?
A business bank account is a bank account that is used only for business transactions rather than personal finances. It can be opened in the name of the business, allowing payments to be made and received using the business's name.
Business bank accounts operate in a similar way to personal bank accounts, but business account holders can often access services that are unavailable to individual account holders.
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How to Open a Business Bank Account
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.
What do I Need to Open a Business Bank Account?
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.
Comparing Business Bank Account Providers
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.