No longer do you have to choose a high street bank for a business bank account. Recent years have introduced many new business banking solutions aimed at younger, tech-savvy people – but really, anyone with a phone or laptop can apply for an online account in minutes.

Limited companies and other business entities in the UK can choose between full-fledged bank accounts and e-money accounts, both managed online and/or through a mobile app. E-money accounts tend to have more limitations and a prepaid card instead of a regular debit card.

Common to business accounts online are the fast sign-up, ease of use, smart budgeting tools and (usually) no contract term. Your choice of company account will depend on other things which we shall point out in this business account comparison.

Not a registered company? See our comparison of business accounts for sole traders. The below accounts have different costs and limitations for the self-employed.

Account Cost Best for Link
Starling Bank
Bank account
£0-£7/mo Widest range of banking features, highly-rated support
Revolut
E-money account
£0-£100/mo Multi-currency accounts & business tools like payroll
Monzo Business
Bank account
£0-£5/mo Advanced budgeting tools & TransferWise integration
Monese
E-money account
£9.95*/mo Companies with owners based in EEA, multilingual support
Cashplus
E-money account
£69/yr No credit check required, business credit options
Tide
Bank account
£0-£49.99*/mo Get up to 35 cards & 5 accounts, legal helpline available

*Excluding VAT.

Account Best for Site
Starling Bank
bank account

£0-£7/mo
Widest range of banking features, highly-rated support
Revolut
e-money account

£0-£100/mo
Multi-currency accounts & business tools like payroll
Monzo Business
bank account

£0-£5/mo
Advanced budgeting tools & TransferWise integration
Monese
e-money account

£9.95*/mo
Companies with owners based in EEA, multilingual support
Cashplus
e-money account

£69/yr
No credit check required, business credit options
Tide
bank account

£0-£49.99*/mo
Get up to 35 cards & 5 accounts, legal helpline available

*Excluding VAT.

Starling Bank – with the broadest banking services

Starling Bank
Our rating
  • Bank account through app and web

  • With IBAN, Debit Mastercard and 24/7 support

  • EUR and USD accounts available

  • Business overdraft and loans available

Starling Bank is a full-fledged bank with the most ‘complete’ offering on this list. It offers business loans, overdraft options, a full Business Debit Mastercard and an excellent app for money management.

The Business account is free, with options to add on a Business Toolkit module with browser-based features like payment scheduling and connecting to HMRC to submit your VAT return via Making Tax Digital.

Starling Business account can be managed through an app or on your laptop.

To qualify, you need to live in the UK and have a limited company or partnership registered at Companies House. Only the business owner and Persons of Significant Control can access the Starling account, so it wouldn’t be suitable for other employees to manage your banking.

You can add a USD (£5/month) and Euro (£2/month) business account to avoid exchange fees when transacting on those currencies. Otherwise, the business account comes with an IBAN for international payments. You can send money to 38 countries and 20 currencies, and receive cross-border transactions in the currency of your Starling account.

Retailers can rest assured it’s possible to deposit large amounts of money (up to £20k in one go) and cheques into the account. The Starling app has extensive card controls, “spaces” where you can save money for your goals, and responsive 24/customer support through the app, email or by telephone.

Choose Starling Bank if: You want access to bank loans, an overdraft, a high quality app and great service.

Learn more in our Starling bank account review for companies

Revolut Business – internationally-minded, great for teams

Revolut
Our rating
  • E-money account via app and web

  • With IBAN, SWIFT and Prepaid Mastercard

  • Accounts in GBP & EUR, can add 28 more currencies

  • 24/7 support on paid plans

Although Revolut isn’t a bank, the platform provides e-money accounts with an extensive range of business tools for limited companies, partnerships and unlimited companies.

Revolut’s biggest draw is perhaps its ability to send and receive 28 different currencies from sub-accounts that can be added for free to the main account. This way, you can avoid foreign exchange rates if you normally have a lot of cross-border payments. The main GBP business account comes with an IBAN and SWIFT code.

Secondly, there’s no limit to how many plastic Prepaid Mastercards (there’s no Revolut Debit Card) you can request for staff members. This allows the business owner to monitor expenses, track usage and control cards remotely where needed.

Image: Revolut

Revolut Business has the most multi-currency accounts and account access for teams.

Companies can choose one of the following monthly subscriptions that can be cancelled any time.

Free: 5 free local payments/month. 10 free international payments/month. £3 per international payment. 10 free team members with account access and card (£5/month per extra staff).

Grow: 1 free metal Mastercard included. 100 free local payments/month. 10 free international payments/month. No markup on FX rate for up to £10k transactions. 10 free team members with account access and card.

Scale: 2 free metal Mastercards included. 1000 free local payments/month. 50 free international payments/month. No markup on FX rate for up to £50k transactions. 30 free team members with account access and card.

The Grow and Scale subscriptions also include subscription and expense management, a payroll system, 24/7 priority support, team member permissions, bulk payments and customisable payment workflows.

There are no credit, overdraft or loan options with Revolut yet, which is probably why there’s an option to link your high street bank account to the Revolut account so both can be accessed in the same (Revolut) app.

Choose Revolut Business if: You have a lot of foreign clients and need to manage staff expenses and payroll.

Learn more in our Revolut Business account review

Monzo Business – basic bank account, good for budgeting

Monzo
Our rating
  • Bank account through mobile app

  • Debit Mastercard included

  • TransferWise integration (no IBAN)

  • 24/7 customer support