13 UK banks that offer free initial business bank accounts

Are you starting a new business and looking for free business bank account providers in UK? Alternatively, do you have an existing business bank account but want to switch to another bank that offers free business bank account? Well, whatever may be the situations you currently find yourself, I can rest assured that this list will be very helpful in the end.

These are the list of 13 UK banks that offer free initial business bank accounts to business customers

1. Llyod’s bank
2. Santander bank
3. Natwest bank
4. TSB
5. HSBC
6. Barclay’s bank
7. The Co-operative bank
8. Yorkshire bank
9. Clydesdale Bank
10. Starling Bank
11. Tide
12. Metro Bank
13. Cashplus

Now let’s have a quick look at the banks offers one by one. To make it easier, I have presented the information in a tabular format.

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The above table gives an overview of the main bank charges by the banks as at the time of this writing. Check each bank for full details and requirements for eligibility and application. It’s also worth noting that you may be able to switch from your existing bank to other within days, depending on each bank requirements.

Rounding up…

Getting free introductory banking services or low subsequent bank charges may be a very attractive offer. However, there are certainly more other factors that worth considering before selecting the right bank that meets your business needs. Depending on the nature, size, finance and other factors, you may also need to look out for the level of support that the bank provides for businesses like yours. Such as availability of overdraft, good mobile app, easy accessibility to a nearby branch, loan facility, card terminal etc.

By Jo Smith – Contributor   |   03/10/2019