10 Best Business Bank Accounts With No Credit Checks (2024)

10 Best Business Bank Accounts With No Credit Checks in 2024

·Updated 15/09/2024·

If you have bad credit you might still be able to get a business bank account. You're more likely to be accepted for an online account since most providers offer fast approvals with no credit checks and no affect to your credit score.

Find the best bad credit business bank account for you from our list of the UK’s top business accounts with no credit checks.

Zempler Bank Business Accounts

Accounts can be opened in as little as four minutes, even with bad credit
Offers a free (Business Go) & a paid account (Business Extra) for £9 per month
Build & improve your credit score with their CreditBuilder, available with Business Extra
Fully authorised bank protected by the FSCS
Provides banking to more than 100,000 businesses
Get helpful spending insights & tag payments with Google Maps
Up to 10 free electronic payments, including standing orders, each month, then 30p
24/7 online & mobile management
Integrate your existing accounting software with ease

Website Read our in-depth Zempler Bank review

Tide Business Current Account

Accounts can be opened in less than 10 minutes, with no credit checks
Four plans available, ranging from £0 to £49.99, per month
With access to automatic savings, earning an interest rate of 4.07%
Rated 4.1 stars by customers on Trustpilot
Instant notifications for payments in & out
Upload digital receipts & they'll match up to the relevant transaction
Online-only accounts with 24 hour access through the web on mobile app
Syncs with QuickBooks, Xero & other accountancy software
Company registration is offered for £14.99, it costs £50 on Companies House

Website Read our in-depth Tide review

ANNA Money Business Accounts

Can be opened in just three minutes without a credit check
Account fees range from £0 to £49.90, plus VAT, per month, with discounted yearly subscriptions available
Rated 4.5 stars by business users on Trustpilot
Stay clued up on your cash-flow with instant payment notifications
Transactions & expense are auto-categorised & matched with receipts
Either pay-as-you-go or get free monthly transactions allowances with the paid accounts
No monthly charges if the account isn't used in a given month
24/7 online & mobile management
Benefit from their built-in invoicing software & accountancy features
Get 1% cashback on card transactions

Website Read our in-depth ANNA Money review

Airwallex Business Account

Online multi-currency business account that can be opened with fast decisions
No monthly fees for holding or credit checks when applying
Local transfers & Direct Debits from Global Accounts are free
Hold money in more than 20 different currencies & transfer to over 150 countries
With access to market-leading FX exchange rates, from 0.5% above interbank rates
Get 10% cashback on your first $1,000 of international transfers (T&Cs apply)
Not covered by the FSCS, but bound by safeguarding requirements to ensure deposits are protected at all times
Integrate top financial tools like Xero & Netsuite for full visibility on your business spend
Score a 3.5-star rating out of 5 on Trustpilot

Website

Revolut Business Accounts

Open an account the same day as applying, with no credit checks
Pricing ranges from £0 to £79 per month, depending on usage
Rated of 4.1 stars out of 5 on Trustpilot
Stay on top of your money with real-time transaction notifications & approvals
Uploaded receipts are automatically matched with transactions
Hold & trade money in 28 currencies
Manage the account 24/7 online
Hassle-free admin with popular accounting integrations
Includes subscription & recurring payment analysis features

Website Read our in-depth Revolut review

Countingup Business Accounts

Accounts can be opened in five minutes with no credit check
Fees range from £3 to £18 per month, depending on total monthly deposit value
Trustpilot rating of 4.2 stars out of 5
Hassle-free payment notifications, receipt capture & transaction categorisation
Stay on top of your finances with visual profit & loss charts
Contactless Mastercard included with free purchases
Max balance limits apply for self-employed (£50k) & limited companies (£120k)
Manage the account 24/7 online
Save time on admin with their built-in accounting and invoicing software
All new customers get 3 months of no transaction fees

Website Read our in-depth Countingup review

Card One Money Business Account

Businesses can open an account in 10 minutes with no credit checks
Charges £55 to open & then a monthly fee of £12.50 to maintain
Trustpilot rating of 4.4 stars out of 5
Instant payment notifications for easy money management
Manage or pay bills & create or chase invoices
Offer another account for businesses that turnover £2 million or more each year
Mastercard with free UK purchases is included
Manage the business account 24/7 online
Integrates with Xero, Sage & other accounting software
No late or missed payment fees apply

Website Read our in-depth Card One Money review

Wise Business Account

Account can be opened with no credit check in two working days
£45 one-off fee required to receive international banking features
Trustpilot rating of 4.3 stars out of 5
Smart cash-flow control features for full visibility
Track & control spend in real-time
Just pay for what you use with no monthly or annual fees
Claim that transfer rates are 19x cheaper than PayPal
Manage the digital business account 24/7 online
Integrates with leading accounting software like Xero
Make international transfers to more than 80 countries & hold more than 50 currencies

Website Read our in-depth Wise review

Monese Business Account

Open an account the same day as applying, even with a poor credit score
For one simple price of £9.95 per month
Rated 4.2 stars out of 5 on Trustpilot
Manage all of your money easily with both personal & business accounts in one app
Receive notifications as soon as money is moved or when balance is getting low
Send money to more than 30 countries with real exchange rates
Pay nothing for local transfers & get six free ATM withdrawals per month
Manage the account whenever with online & mobile banking
Doesn't integrate with accounting software but can download statements
Put money aside for future goals with up to 10 separate pots

Website Read our in-depth Monese review

What is the best business bank account for bad credit?

Here's what we think are the best business bank accounts with no credit checks:

Best bad credit account overall: Zempler Business Bank Accounts · From £0
Best all-round no credit check account: Tide Business Bank Accounts · From £0
Best for opening fast: Card One Money Business Account · £12.50
Best for new businesses & company formation: Tide Business Bank Accounts · From £0
Best for accounting features: ANNA Money Business Accounts · From £0
Best for international: Revolut Business Accounts · From £0

What is a bad credit business bank account?

Bad credit business bank accounts are accounts that don't perform any credit checks when applying to open.

They may have slightly limited features and are usually more expensive due to the associated risk but tend to be faster to open because they don't require so many checks for approval.

What you'll need to apply for a business bank account with bad credit

You will verify some personal information as well as some basic business information. Depending on your business structure the requirements may vary, but you will not need to undergo any credit checks.

For most bad credit accounts you will need to provide:

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 and the Companies House registration details if applicable

You may be asked to provide some more information on your business finances. It's always best to be transparent, as this will ensure the account is suitable for your business.

How much do bad credit business bank accounts cost?

Most bad credit accounts charge monthly fees, ranging from £0 to £12.50, and transaction fees for standard services - like bank transfers or ATM withdrawals.

Non-standard transactions, like international transfers, cost extra and so do some additional features or adding other users.

How long does it take to open a bad credit business bank account?

You can open these bad credit accounts within one to two days, though if you have a complex credit history, the process could be longer. Online bank accounts tend to be the quickest to open as the process is largely automated.

How to choose the best business bank account for bad credit

Firstly consider which accounts you are going to be eligible for. If you have bad credit, an account with no credit checks is a good place to start.

This will then narrow down your options, and then you can choose which features are most important to your business. This will depend on how your business operates, what your priorities are and what you can afford.

Consider whether you want an online-only account or if you'd prefer the option of in-branch services. Online banks typically offer more specifically for businesses with bad credit, with faster approvals on average.

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:

A credit check is a search to see what credit is available to you and how well you've managed that credit since having it.

Soft credit checks are less intrusive searches that don't affect your credit score and tend to be used to see eligibility for certain products.

Zempler Bank (previously Cashplus) is one of the easiest business bank accounts to open since they don't perform credit checks and can be opened same day.

This depends. Online banks tend to only run identity checks and can usually be opened without a credit check. While most traditional banks will still conduct a credit check upon applying, unless they offer a basic bank account.

You will almost always need to undergo a credit check when applying for credit such as a business loan or overdraft.

One common reason for being refused a business account is due to no or poor credit score. Another reason could be due to the nature of your business as the bank could see it as high risk.

Ultimately though, banks don't need to provide a reason for refusing a business bank account, so you may be better off finding a bad credit specific bank account elsewhere.

All of the providers listed in this guide offer accounts with no credit checks so worry not, you may still be able to get one.

Yes, there are a number of business bank accounts that are great for bad credit since they don't require any credit checks to open

Yes, banks like Zempler offer business bank accounts that do not look at credit history when opening.

Yes, if the account you're opening doesn't perform hard credit checks then you should still be able to get a business bank account even with a county court judgment (CCJ).

No, there are a number of reasons for refusing a business bank account, so even if they don't perform a credit check your business might not be eligible.

If you're operating as a limited company, no since you and your business are considered separate entities. But if you're operating as a sole trader or partnership, then yes your personal credit score could affect your business'.

Compare Bad Credit Business Bank Accounts