Business
Free banking isn’t free if you take cash.
Compare business accounts and savings on what they actually cost to run: the fee, the free year, and what it costs to pay money in.
What does the business need?
Free sounds free until you pay in cash. Every account here shows what that costs.
Meet William · Your deal editor
William reads the fee tables so you find the cash charge before your accountant does.
The market
Browse business accounts
Compare the fee first, then check how you pay money in and who can open it.
10 accounts
Not yet verified
William’s shortcut · Start with how you take money in. A free account that charges for cash deposits isn’t free for a cash business.
Shortcuts
Every business account we track. The monthly fee is the headline; cash handling and eligibility decide the rest.
to see the year cost
10 accounts
Filter
Who it’s for
What it costs
The fee is only half of it. Cash handling is the other half.
Features
Provider
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Add a typical balance and each account shows what a year would cost or earn.
Allica BankBusiness SavingsMoneyHQ pick
The catch · £20,000 minimum deposit to open
No monthly fee
No fee to hold
4.33% AER
Savings
Interest paid on balance
Allica BankPick
Business Savings · Limited companies
4.33% AER
See →No fee to hold
£20,000 minimum deposit to open
StarlingBusiness Current AccountMoneyHQ pick
The catch · Paying in cash costs £3 a time
No monthly fee
No fee to hold
£0 a year
Current account
Nothing to hold it
StarlingPick
Business Current Account · Both
No monthly fee
See →No fee to hold
Paying in cash costs £3 a time
Redwood Bank95 Day Notice
The catch · 95 days’ notice before you can take the money out
No monthly fee
No fee to hold
4.45% AER
Savings
Interest paid on balance
Redwood BankSavings
95 Day Notice · Limited companies
4.45% AER
See →No fee to hold
95 days’ notice before you can take the money out
AldermoreBusiness Easy Access
The catch · Rate is variable, so it can fall without much notice
No monthly fee
No fee to hold
4.10% AER
Savings
Interest paid on balance
AldermoreSavings
Business Easy Access · Both
4.10% AER
See →No fee to hold
Rate is variable, so it can fall without much notice
MonzoBusiness Lite
The catch · Invoicing and multi-user access need the £9 Pro plan
No monthly fee
No fee to hold
£0 a year
Current account
Nothing to hold it
MonzoCurrent account
Business Lite · Both
No monthly fee
See →No fee to hold
Invoicing and multi-user access need the £9 Pro plan
MettleBusiness Account
The catch · You can’t pay cash in at all
No monthly fee
No fee to hold
£0 a year
Current account
Nothing to hold it
MettleCurrent account
Business Account · Both
No monthly fee
See →No fee to hold
You can’t pay cash in at all
TideFree Plan
The catch · 20p for every transfer in or out, which adds up quickly
No monthly fee
No fee to hold
£0 a year
Current account
Nothing to hold it
TideCurrent account
Free Plan · Both
No monthly fee
See →No fee to hold
20p for every transfer in or out, which adds up quickly
LloydsBusiness Current Account
The catch · £7 a month after the first year, plus transaction charges
Free for 12 months
then £7 a month
£84 a year
Current account
Free this year, then £84 a year
LloydsCurrent account
Business Current Account · Both
Free for 12 months
See →then £7 a month
£7 a month after the first year, plus transaction charges
BarclaysBusiness Current Account
The catch · £8.50 a month once the free year ends
Free for 12 months
then £8.5 a month
£102 a year
Current account
Free this year, then £102 a year
BarclaysCurrent account
Business Current Account · Both
Free for 12 months
See →then £8.5 a month
£8.50 a month once the free year ends
RevolutBusiness Grow
The catch · £25 a month, and no way to pay cash in
£25 a month
billed monthly
£300 a year
Current account
£300 a year, from day one
RevolutCurrent account
Business Grow · Limited companies
£25 a month
See →billed monthly
£25 a month, and no way to pay cash in
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Free banking isn’t free if you take cashNot yet verified
Before you open an account
Know what it costs to run.
Business banking, explained
Quick answers
Every Friday
Fees change quietly. We tell you when.
William checks business account fees, free periods and savings rates every Friday.
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