{"id":35806,"date":"2021-02-16T21:23:06","date_gmt":"2021-02-16T21:23:06","guid":{"rendered":"https:\/\/swoopfunding.com\/na\/?page_id=35806"},"modified":"2024-06-13T14:56:03","modified_gmt":"2024-06-13T14:56:03","slug":"compare-free-business-bank-accounts","status":"publish","type":"page","link":"https:\/\/swoopfunding.com\/na\/business-bank-accounts\/free\/","title":{"rendered":"Compare free business bank accounts"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"35806\" class=\"elementor elementor-35806\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-27869b5 e-flex e-con-boxed e-con e-parent\" data-id=\"27869b5\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-71ae33a elementor-widget elementor-widget-heading\" data-id=\"71ae33a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Compare free business bank accounts\n<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-343f3ac elementor-widget__width-inherit elementor-widget elementor-widget-heading\" data-id=\"343f3ac\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\"><p class=\"has-text-align-center\">April 2026<\/p><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cbc6a05 e-flex e-con-boxed e-con e-parent\" data-id=\"cbc6a05\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-91cd3f1 e-con-full e-flex e-con e-child\" data-id=\"91cd3f1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c76e753 elementor-widget elementor-widget-text-editor\" data-id=\"c76e753\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Tired of being overcharged and underserved on your business bank account?<\/p><p>Depending on your businesses circumstances, you may be able to use a free business bank account. Ensure you\u2019re getting the best deal with our quick and simple comparison tool.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0454fca elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"0454fca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>For a personalised banking report, and access to tailored funding and savings opportunities for your business, simply <a href=\"https:\/\/namibia.swoopfunding.com\/stage?_gl=1*1f9n94h*_gcl_au*MTI1OTcxOTA4NS4xNzE1MTYwOTc3\" target=\"_blank\" rel=\"noopener\">register here<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c3749df e-flex e-con-boxed e-con e-parent\" data-id=\"c3749df\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-664ae33 elementor-widget elementor-widget-ucaddon_menu_compare_bca\" data-id=\"664ae33\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_menu_compare_bca.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t<div class=\"out-tabs-header\">\n\n <p>Choose your business current account options<\/p>\n\n <select name=\"compare-banks\" id=\"compare-banks\" class=\"form-control custom-select-arrow\">\n <option value=\"\">Select<\/option>\n <option value=\"https:\/\/swoopfunding.com\/na\/business-bank-accounts\/\" >All business bank accounts<\/option>\n <option value=\"https:\/\/swoopfunding.com\/na\/business-bank-accounts\/small-business\/\">Small business bank accounts<\/option>\n <option value=\"https:\/\/swoopfunding.com\/na\/business-bank-accounts\/free\/\" >Free business bank accounts<\/option>\n <option value=\"https:\/\/swoopfunding.com\/na\/business-bank-accounts\/sole-trader\/\" >Sole trader business bank accounts<\/option>\n <\/select>\n\n <div class=\"tabs-header\">\n <ul>\n <li><a href=\"https:\/\/swoopfunding.com\/na\/business-bank-accounts\/\" >All business bank accounts<\/a><\/li>\n <li><a href=\"https:\/\/swoopfunding.com\/na\/business-bank-accounts\/small-business\/\" >Small business bank accounts<\/a><\/li>\n <li><a href=\"https:\/\/swoopfunding.com\/na\/business-bank-accounts\/free\/\" >Free business bank accounts<\/a><\/li>\n <li><a href=\"https:\/\/swoopfunding.com\/na\/business-bank-accounts\/sole-trader\/\" >Sole trader business bank accounts<\/a><\/li>\n <\/ul>\n <\/div>\n <\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-daa99c8 e-flex e-con-boxed e-con e-parent\" data-id=\"daa99c8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e3676a9 e-flex e-con-boxed e-con e-parent\" data-id=\"e3676a9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-afc87ec elementor-widget elementor-widget-text-editor\" data-id=\"afc87ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>For a personalised banking and saving report tailored to your business, simply <a href=\"https:\/\/namibia.swoopfunding.com\/stage\" target=\"_blank\" rel=\"noopener\">register<\/a> and securely integrate your bank account through our Open Banking technology.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7be1048 e-flex e-con-boxed e-con e-parent\" data-id=\"7be1048\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-e628b83 e-con-full e-flex e-con e-child\" data-id=\"e628b83\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-03cdad3 elementor-widget__width-auto elementor-hidden-mobile elementor-widget elementor-widget-image\" data-id=\"03cdad3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"60\" height=\"33\" src=\"https:\/\/swoopfunding.com\/na\/wp-content\/uploads\/sites\/10\/2022\/08\/icon-swoop.svg\" class=\"attachment-full size-full wp-image-19975\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8317dcc elementor-widget__width-auto elementor-widget elementor-widget-heading\" data-id=\"8317dcc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Register your business with Swoop and integrate your bank account for your personalised report<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23c9414 elementor-widget__width-auto bt-form-45 elementor-mobile-align-center elementor-widget-mobile__width-inherit elementor-widget elementor-widget-button\" data-id=\"23c9414\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/namibia.swoopfunding.com\/goals?_gl=1*96cgbk*_gcl_au*MTI1OTcxOTA4NS4xNzE1MTYwOTc3\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Join Swoop<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cb9de58 e-flex e-con-boxed e-con e-parent\" data-id=\"cb9de58\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-423d208 elementor-widget elementor-widget-ucaddon_aivoov_player\" data-id=\"423d208\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_aivoov_player.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t<div class=\"aivoov-player-block\">\n\t<div class=\"read_this\">Read this article to me<\/div>\n\t\t\t<style>\n\t\t\t.plyr__controls .plyr__controls__item:first-child{\n\t\t\t\tbackground:#2e9c8e !important;\n\t\t\t}\n\t\t\t:root{\n\t\t\t--plyr-color-main:#2e9c8e;\n\t\t\t--plyr-audio-controls-background:#f0f2f4;\n\t\t\t--plyr-audio-control-color:#546a7b;\n\t\t\t}\n\t\t\t[data-plyr=\"mute\"]{color:#2e9c8e !important}\n\t\t\t.aivoov-text-color{color:#546a7b}\n\t\t<\/style> \n\t\t<div class=\"audio_player\">\n\t\t<audio class=\"js-player\" controls=\"\">\n\t\t\t<source src=\"https:\/\/monky-voice-over.s3.amazonaws.com\/aivoov\/781640cc-7bc1-4bbf-9492-22dedc19678b\/0d306a41-7830-4246-be41-270b6ffd41fd.mp3\" type=\"audio\/mp3\">\n\t\t\t<source src=\"https:\/\/monky-voice-over.s3.amazonaws.com\/aivoov\/781640cc-7bc1-4bbf-9492-22dedc19678b\/0d306a41-7830-4246-be41-270b6ffd41fd.mp3\" type=\"audio\/ogg\" \/>\n\t\t<\/audio> \n\t\t\t\t <div class=\"powerd_by aivoov-text-color\"><p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/aivoov.com\/?um_source=plugin_powered_by\" style=\"color: inherit;\">Powered by AiVOOV<\/a><\/p><\/div>\n\t\t \n\t\t<\/div>\n\t\t<\/div>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-956682e question elementor-widget elementor-widget-heading\" data-id=\"956682e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">What is free business banking?\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0445e2b answer elementor-widget elementor-widget-text-editor\" data-id=\"0445e2b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Free business banking is simply business banking with no fees attached. In other words, if you open a free business bank account you won\u2019t have to pay a monthly or annual fee and there will be no charge for setting up the account itself either.<\/p><p>The main advantage to choosing free business banking is that it will enable you to keep some of your overheads low, which can be particularly beneficial when you\u2019re just starting out and building your business.<\/p><p>You\u2019ll be legally required to open a business bank account if you\u2019ve set up your business as a limited company in the UK and it\u2019s registered with Companies House, so it may be worth looking for one with no fees. If you\u2019re a sole trader, such as some freelancers and contractors, you won\u2019t be obliged to open a business bank account but having one can make keeping your business and personal finances separate that much easier.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5fb78f9 question elementor-widget elementor-widget-heading\" data-id=\"5fb78f9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Are there still charges with a free business bank account?\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fee6cd4 answer elementor-widget elementor-widget-text-editor\" data-id=\"fee6cd4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Although your business bank account may not charge a monthly, annual or set-up fee, you may still have to pay for certain services. These can include:<\/p><ul><li><strong>Electronic payments:<\/strong>\u00a0such as faster payments, bill payments, direct debits and standing orders<\/li><li><strong>Cash payments:<\/strong>\u00a0including deposits and withdrawals via a bank branch as well as transactions at a Post Office counter. If this is something you\u2019ll be doing regularly, look for an account that offers the lowest fee<\/li><li><strong>Cheque payments:<\/strong>\u00a0you may have to pay for writing and depositing cheques<\/li><li><strong>Additional payments:<\/strong>\u00a0some accounts will charge for CHAPS payments and issuing a banker\u2019s cheque<\/li><li><strong>International payments:\u00a0<\/strong>you may also be charged for sending money to an overseas account or for any purchases or cash withdrawals made using your card abroad<\/li><li><strong>Overdrafts:\u00a0<\/strong>some banks charge an overdraft set-up fee, as well as a daily fee, or you may be charged interest<\/li><\/ul><p>Note that fees can vary depending on the business bank account you choose, and some won\u2019t charge many fees at all, so it\u2019s worth shopping around and comparing your options carefully.<\/p><p>You should also keep in mind that some business bank accounts have introductory offers that waive monthly or annual fees for 12 to 18 months. Once this period is over, you\u2019ll have to pay a fee so if you\u2019re considering one of these accounts, make sure you check in advance how much you\u2019ll be charged.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-397d313 question elementor-widget elementor-widget-heading\" data-id=\"397d313\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Which is the best free business bank account?<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a3b791 answer elementor-widget elementor-widget-text-editor\" data-id=\"4a3b791\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The best free business bank account for you will depend on the type of business you run and how you plan to use the account. The quickest way to find the most suitable business account is to compare your options using our\u00a0<a href=\"https:\/\/swoopfunding.com\/compare-business-current-account\/\">business bank account comparison tool<\/a>. You\u2019ll be able to select \u2018free banking\u2019 on the features tab to view all free business bank accounts from providers such as Anna and Revolut.<\/p><p>Anna\u2019s free business bank account offers services such as invoice management which can help you to create and send invoices, and it automatically matches payments and invoices to help you organise your accounts. The account also offers:<\/p><ul><li>Free ATM withdrawals up to \u00a3100 per month<\/li><li>Free UK transfers up to two per month<\/li><li>1% cashback on purchases<\/li><li>Free direct debits<\/li><\/ul><p>Meanwhile, Revolut\u2019s free business bank account allows you to send and receive funds in more than 28 currencies at the real Interbank exchange rate. It also offers five free local transfers a month (after which you\u2019ll be charged 20p per transfer), while international transfers are competitive at just \u00a33 each and a 0.4% fee applies to all foreign exchanges.<\/p><p>You\u2019ll also be able to link your account up with third-party software providers such as Xero, QuickBooks, FreeAgent and Sage.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9332fdc question elementor-widget elementor-widget-heading\" data-id=\"9332fdc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Best UK business bank for customer service \u2013 2023 survey<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-36b6c3d answer elementor-widget elementor-widget-text-editor\" data-id=\"36b6c3d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In August 2023 the BVA BDRC published the findings from its Business Banking Service Quality survey. Undertaken as part of a regulatory requirement and published at the request of the providers and the Competition and Markets Authority, the study surveyed 18,000 SME bank account customers between July 2022 and June 2023.\u00a0<\/p><p>Each customer was asked how likely they would be to recommend to other SMEs \u2013<\/p><ul><li>Their provider?<\/li><li>Their provider\u2019s online and mobile bank services?<\/li><li>Services in-branch and in business centres?<\/li><li>Their provider\u2019s SME overdraft and loan services?<\/li><li>Their provider\u2019s relationship\/account management services?<\/li><\/ul><p>The results show the proportion of customers of each provider, among those who took part in the survey, who said they were \u2018extremely likely\u2019 or \u2018very likely\u2019 to recommend each service. A detailed breakdown for each category can be seen in the table below.<br \/><br \/>Source:\u00a0<a href=\"https:\/\/www.bva-bdrc.com\/products\/business-banking-service-quality-great-britain\/\" target=\"_blank\" rel=\"noopener\">BVA BDRC<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-140ed65 e-flex e-con-boxed e-con e-parent\" data-id=\"140ed65\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6190a50 e-flex e-con-boxed e-con e-parent\" data-id=\"6190a50\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2fefd3c elementor-widget elementor-widget-heading\" data-id=\"2fefd3c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Frequently asked questions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-364d44f align-at-right uael-faq-box-layout-yes elementor-widget elementor-widget-uael-faq\" data-id=\"364d44f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"uael-faq.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t\t<div id='uael-faq-wrapper-569' class=\"uael-faq-wrapper\">\n\t\t\t\t<div class=\"uael-faq-container uael-faq-layout-accordion\" data-layout=\"accordion\" >\n\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-18d6be0\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-angle-up\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M177 159.7l136 136c9.4 9.4 9.4 24.6 0 33.9l-22.6 22.6c-9.4 9.4-24.6 9.4-33.9 0L160 255.9l-96.4 96.4c-9.4 9.4-24.6 9.4-33.9 0L7 329.7c-9.4-9.4-9.4-24.6 0-33.9l136-136c9.4-9.5 24.6-9.5 34-.1z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-18d6be0 uael-question-span\" tabindex=\"0\" id=\"uael-faq-1-69d6e4a62a6cd\">Who can get a free business bank account?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p>You\u2019ll usually be able to apply for a free business bank account if you\u2019re a sole trader, private limited company, public limited partnership or limited liability partnership.<\/p><p>Many free business bank accounts are aimed towards smaller businesses and startups which means your business may need to have been trading for less than a year and\/or have a turnover of less than a specified amount. Check the terms and conditions carefully so you know whether you\u2019ll qualify.<\/p><p>Note, too, that you\u2019re more likely to get accepted for a business bank account if you have a good credit rating and no history of defaults or arrears. A credit check will usually be carried out when you apply for a business bank account and if your credit score is poor, you\u2019re more likely to be turned away.<\/p><p>Fortunately, some app-based providers, such as <a href=\"https:\/\/go.anna.money\/p-swoop\/\" target=\"_blank\" rel=\"noopener\">Anna<\/a>, won\u2019t require a credit check as part of the application process which can make them a good option if you have a poor credit history \u2013 although keep in mind you may not be offered an overdraft.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-f20dd4f\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-angle-up\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M177 159.7l136 136c9.4 9.4 9.4 24.6 0 33.9l-22.6 22.6c-9.4 9.4-24.6 9.4-33.9 0L160 255.9l-96.4 96.4c-9.4 9.4-24.6 9.4-33.9 0L7 329.7c-9.4-9.4-9.4-24.6 0-33.9l136-136c9.4-9.5 24.6-9.5 34-.1z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-f20dd4f uael-question-span\" tabindex=\"0\" id=\"uael-faq-2-69d6e4a62ab52\">How long does it take to get a free business account?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p>You can usually apply for a free business bank account online or via the provider\u2019s app in as little as 15 minutes. The approval time will then depend on the business circumstances.<\/p><p>If you choose a digital bank, your free business bank account will usually be up and running within just a few days \u2013 in some cases your account can even be opened on the day you applied for it. If your account comes with a debit card, this should also be with you within around five working days.<\/p><p>Note that due to the COVID-19 pandemic, many high street banks are taking longer than usual to process business bank account applications, so you may find opening your account takes a matter of weeks. However, this will depend on the provider.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-dd5deb1\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-angle-up\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M177 159.7l136 136c9.4 9.4 9.4 24.6 0 33.9l-22.6 22.6c-9.4 9.4-24.6 9.4-33.9 0L160 255.9l-96.4 96.4c-9.4 9.4-24.6 9.4-33.9 0L7 329.7c-9.4-9.4-9.4-24.6 0-33.9l136-136c9.4-9.5 24.6-9.5 34-.1z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-dd5deb1 uael-question-span\" tabindex=\"0\" id=\"uael-faq-3-69d6e4a62abc3\">How do I open a free business bank account?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p>The quickest way to apply for a business bank account is online \u2013 simply compare your options using an <a href=\"#container-main\">online comparison tool<\/a> and click through to the account you want to open. You\u2019ll then be able to fill in your application form online.<\/p><p>Alternatively, you may be able to open your account over the telephone or in branch depending on which account you\u2019ve chosen.<\/p><p>As part of the application process, you will need to provide proof of ID such as a passport or driving licence, along with proof of address such as a utility bill or bank statement. If you\u2019re applying via a digital bank, you will be asked to upload photos of your ID and record a short selfie video for identification purposes.<\/p><p>You may also need to provide:<\/p><ul><li>Your full business address and contact details<\/li><li>Estimated annual turnover<\/li><li>Details of your company\u2019s registration at Companies House if you\u2019re a limited company<\/li><li>Tax and VAT registration details<\/li><\/ul><p>Once you\u2019ve provided the required documents, your chosen provider will set up your account and you\u2019ll be ready to go.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-12c1eb5 e-flex e-con-boxed e-con e-parent\" data-id=\"12c1eb5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1c3acbf elementor-widget elementor-widget-ucaddon_author_page\" data-id=\"1c3acbf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_author_page.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n\n\n <div class=\"info-user-post\">\n \n <div class=\"left-info\">\n <a href=\"https:\/\/swoopfunding.com\/na\/author\/rachel-wait\/\" aria-label=\"Rachel Wait\">\n <picture loading=\"lazy\" decoding=\"async\" class=\"attachment-large size-large\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/Rachel-Wait.webp\" data-lazy-src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/Rachel-Wait.webp?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <\/picture>\n <\/a>\n <\/div>\n \n <div class=\"right-info\">\n <div class=\"inner-top\">\n <div class=\"info-top\">\n <div class=\"info-title\">\n <p>Written by<\/p>\n <p class=\"name-author\"><a href=\"https:\/\/swoopfunding.com\/na\/author\/rachel-wait\/\">Rachel Wait<\/a><\/h3>\n <\/div>\n <\/div>\n \n \n <\/div>\n <div class=\"info-bottom\">\n <p>Rachel has been writing about finance and consumer affairs for over a decade, helping people to get to grips with their finances and cut through the jargon. She's written for a range of websites and national newspapers including MoneySuperMarket, Money to the Masses, Forbes UK, and Mail on Sunday. Rachel has covered almost every financial topic, from car insurance and credit cards, to business bank accounts and mortgages.<\/p>\n <\/div>\n\n <ul class=\"social-links\">\n <li><a href=\"https:\/\/www.linkedin.com\/in\/rachel-wait-00463013\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Linkedin\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/na\/wp-content\/themes\/swoopMW50\/assets\/icons\/icon-linkedin-min.svg\" width=\"30\" height=\"30\" alt=\"Linkedin\">\n <\/a><\/li>\n \n <li><a href=\"http:\/\/twitter.com\/rachelwait\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"X\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/na\/wp-content\/themes\/swoopMW50\/assets\/icons\/icon-x-min.svg\" width=\"30\" height=\"30\" alt=\"X\">\n <\/a><\/li>\n \n <\/ul>\n\n <div class=\"swoop-promise\">\n <p><strong>Swoop promise<\/strong><\/p>\n <p>At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple \u2013 to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.<\/p>\n <p>Find out more about Swoop\u2019s editorial principles by reading our <a href=\"https:\/\/swoopfunding.com\/na\/about-swoop\/editorial-policy\/\">editorial policy<\/a>.<\/p>\n <\/div>\n\n <\/div>\n <\/div>\n\n \n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-93c3f4e e-con-full e-flex e-con e-parent\" data-id=\"93c3f4e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-224792c elementor-widget elementor-widget-ucaddon_other_ways_to_save\" data-id=\"224792c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_other_ways_to_save.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2d30b18 e-con-full e-flex e-con e-parent\" data-id=\"2d30b18\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6ccbd4c e-flex e-con-boxed e-con e-parent\" data-id=\"6ccbd4c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cc3f929 elementor-widget elementor-widget-ucaddon_auto_page_related\" data-id=\"cc3f929\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_auto_page_related.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n\n\n\n <div class=\"container-auto-page-related\">\n <p class=\"title-related text-center\">Related pages<\/p>\n <div class=\"auto-page-related\">\n <ul>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/na\/business-bank-accounts\/why-you-need-a-business-bank-account\/\">10 reasons why you need a business bank account <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/na\/business-bank-accounts\/best-business-banking-apps\/\">Best business banking apps <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/na\/business-bank-accounts\/free\/\">Compare free business bank accounts <\/a>\n <\/li>\n <\/ul>\n <\/div>\n <\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Compare free business bank accounts Tired of being overcharged and underserved on your business bank account? Depending on your businesses circumstances, you may be able to use a free business bank account. Ensure you\u2019re getting the best deal with our quick and simple comparison tool. For a personalised banking report, and access to tailored funding [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-35806","page","type-page","status-publish","hentry"],"acf":[],"featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_blog_full":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable_v2":"<p>Compare free business bank accounts April 2026 Tired of being overcharged and underserved on your business bank account?Depending on your businesses circumstances, you may be able to use a free business bank account. Ensure you\u2019re getting the best deal with our quick and simple comparison tool. For a personalised banking report, and access to tailored funding and savings opportunities for your business, simply register here. For a personalised banking and saving report tailored to your business, simply register and securely integrate your bank account through our Open Banking technology. Register your business with Swoop and integrate your bank account for&hellip;<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Rachel Wait","url":"https:\/\/swoopfunding.com\/na\/author\/rachel-wait\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/na\/wp-json\/wp\/v2\/pages\/35806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swoopfunding.com\/na\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/swoopfunding.com\/na\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/na\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/na\/wp-json\/wp\/v2\/comments?post=35806"}],"version-history":[{"count":0,"href":"https:\/\/swoopfunding.com\/na\/wp-json\/wp\/v2\/pages\/35806\/revisions"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/na\/wp-json\/wp\/v2\/media?parent=35806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}