Best Compare Free Business Bank Accounts
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How it works
Zempler Bank Business Go
- Monthly FeeFree
- Card PurchasesFree
- Bank Transfers30p
- OverdraftYes
- AccessApp/Online
Product Features
- No account fees, no credit checks & 3 free transfers each month
- Connect with popular accounting software, including Xero, QuickBooks & Sage
- Access a marketplace of offers, discounts and deals
- Has a maximum account limit of £500,000
- FSCS protected, covering your eligible deposits up to £85,000
Eligibility Criteria
- You are a sole trader or director of a limited company, or charity registered on Companies House
- Your business is registered in the UK
- All applicants are 18+, have a UK phone number & UK address
- Business overdraft available, subject to eligibility
Allica Business Rewards Account
- Monthly FeeFree
- Card PurchasesFree
- Bank TransfersFree
- OverdraftYes
- AccessApp/Online
Product Features
- No monthly fees apply, plus get free bank transfers
- Earn 4.58%* variable with exclusive savings pot with instant access
- Get cashback up to 1.5% cashback on spend over £10K
- Dedicated relationship manager & UK customer support
- Apply online & access by app or desktop
- Benefits from FSCS protection on eligible deposits
Eligibility Criteria
- Your business must be based in the UK & have been incorporated for at least 12 months & you must have £50,000 minimum balance OR have a loan product with Allica
- All controlling persons & significant owners must be UK residents & over the age of 18
- *Rate includes standard rate of 3.58% AER (minimum balance applies), plus 0.5% for making 15 transfers & 0.5% if you successfully switch with Current Account Switch Service (CASS), eligibility & T&Cs apply
OakNorth Business Current Account
- Monthly FeeFree
- Card PurchasesFree
- Bank TransfersFree
- OverdraftNo
- AccessApp/Online
Product Features
- Get automatic savings account with 3.10% AER
- No monthly fees, transaction fees & fee-free debit cards
- Get a business partner for onboarding & more
- Add your entire team & set roles with permissions
- Apply in the app in as little as 10 minutes
- Open an account with a minimum £85,000
- Eligible deposits are protected by the FSCS
Eligibility Criteria
- Your business is registered on Companies House in the UK as a limited company, private unlimited company, PLC, LLP, overseas company, or certain types of private limited companies
- Your business has a turnover of over £1 million or has a minimum deposit of £85,000
- All persons of significant control must be tax residents in the UK & no other country
- You are aged 18 years or over
ANNA Money Pay As You Go
- Monthly FeeFree
- Card PurchasesFree
- Bank Transfers29p
- OverdraftNo
- AccessApp/Online
Product Features
- No monthly fee, no credit checks & register your business for free
- Add +Taxes for £3 a month for 3 months, £24 plus VAT after
- Get 1% cashback on selected business purchases
- Convert currencies for a 1% transfer fee
- Sync with Xero or Sage & connect other business accounts
- Does not offer FSCS protection, covering eligible deposits up to £85,000
Eligibility Criteria
- You are a sole trader, a partner in a limited liability partnership or director of a limited company (listed on Companies House)
- Your business is located in the UK
- You have a UK residential address
- Not available to charities
Tide Business Current Account
- Monthly FeeFree
- Card PurchasesFree
- Bank Transfers20p
- OverdraftNo
- AccessApp/Online
Product Features
- Earn an exclusive 3.81% AER* on deposits in your account
- No account fee & register your business for £14.99
- Hold up to five business accounts for multiple businesses
- Accounting integrations with QuickBooks, Xero, Sage & more
- FSCS protection, up to £85,000, through partnership with ClearBank
Eligibility Criteria
- You are a UK sole trader or freelancer or your business is registered with Companies House as a limited company or partnership
- All directors are UK residents
- Have a valid UK phone number & have access to device registered to the App Store or Google Play
- *Includes 0.77% boost for new customers until 01/06/25. The rate then returns to 3.04% AER with no interest earned on balances over £75,000
Airwallex Explore Business Account
- Monthly FeeFree
- Card PurchasesFree
- Bank TransfersFree
- OverdraftNo
- AccessApp/Online
Product Features
- Sign up completely online & for free with a £10K deposit
- Open local-currency accounts in over 60 countries
- Accept payments from 180+ countries & transfer to 150+
- Integrates with platforms like Xero, Amazon, Shopify & more
- Not covered by the FSCS but bound by safeguarding rules to ensure deposits are protected
Eligibility Criteria
- You are a sole trader registered with HMRC as self-employed or you have a company registered with Companies House
- Your business is registered in the UK, European Economic Area (EEA), USA, Canada, Netherlands, Lithuania, Singapore, Malaysia, Hong Kong SAR, Australia or New Zealand (more countries may be available)
- You are 18 or over