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Whether you’re looking for a free account or one with extra benefits, we can help you find the right fit. Compare fees and features at a glance to choose the best business bank account for you.

• A business bank account keeps your business finances separate from your personal ones, making it easier to track expenses, manage cash flow and handle tax returns.

• Limited companies are legally required to have one. Sole traders aren't, but most find it worthwhile.

• Accounts vary. Some are free, others charge a monthly fee in exchange for extra features like accounting integrations, overdrafts or cashback on spending.

• To open one, you'll typically need to be 18 or over, a UK resident, and able to pass a credit or identity check.

A business bank account works much like a personal one. You can deposit and withdraw funds, make and receive payments, and manage everything online or via an app. The key difference is that it keeps your business finances completely separate from your personal ones, which makes tracking expenses, managing cash flow and handling tax returns significantly easier.

Limited companies are legally required to have one. For sole traders it's optional, but most find the added features, such as accounting integrations, invoicing tools, overdraft facilities, helpful.

When choosing a business bank account, think about the features that best support your business needs. Here's what to look for:

Accounting software integration - Many accounts connect with Xero, QuickBooks, Sage or FreeAgent. This is worth prioritising if you're managing your own books.

Invoicing tools - Some accounts let you send, chase and track invoices directly, which can save meaningful time if you bill clients regularly.

Overdraft facilities - Useful for smoothing out cash flow gaps. If you think you'll need one, it is generally worth checking eligibility criteria before you commit.

International transactions - If you trade globally, look for an account that supports multiple currencies and low-cost international transfers.

Access to credit - Some accounts offer a route into business credit cards or loans, which can help fund growth or manage short-term cash flow.

Interest on balances - Not all accounts pay interest, but some do. If you're likely to hold a healthy balance, it's worth factoring in.

FSCS protection - Most UK-licensed banks protect deposits up to £120,000. If you're considering an e-money provider, your money is likely to be safeguarded differently, but be sure to check the small print.

Most providers will ask for the following before your account can be opened:

• Proof of identity - a valid passport, driving licence, or national ID card

• Proof of address - a utility bill, mortgage statement, or council tax bill dated within the last three months

• Business documentation - a registration certificate and articles of association for limited companies; a partnership agreement if applicable

• Financial information - details of personal and business income, assets, and liabilities

Most providers let you apply online in minutes, though approval times vary; anywhere from instant to a few days depending on the provider.

Switching is generally straightforward. The Current Account Switch Service (CASS) is free to use and handles the entire process on your behalf, including transferring payments and notifying your old bank. Most switches complete within seven working days.

Many providers offer cash incentives for switching, so it's worth checking what's available before you apply.

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