For start-ups and small businesses, including sole traders, choosing the right business bank account is a crucial decision. In the UK, there are several options tailored to meet the needs of smaller enterprises. Free business bank accounts are particularly attractive for start-ups and sole traders, offering essential banking services without the burden of extra costs. Each of these accounts caters to the unique demands of start-ups and small businesses, offering digital-first solutions, financial management tools, and flexible banking options to suit various business needs.
Its app is one of the best-designed and rated on the market, it helps users to manage money in real time with smart budgeting tools. Revolut provides a multi-currency debit card with the possibility to keep and manage 29 currencies and to spend them internationally in over 150 currencies without any fees.
Anna, standing for ‘Absolutely No Nonsense Admin’, is designed to remove the administrative hassles for small business owners via convenience and simplicity.
It’s now one of the top business accounts in the UK with a powerful mobile app, invoicing, multi-user access and 24/7 customer support.
Starling is a major UK challenger bank that has offered business accounts since 2018.There’s no account set-up fee, and they don’t charge for withdrawing or paying in money. The mobile APP is well-designed and intuitive, and the account is open to limited companies, and sole traders.
There are four business bank accounts with Tide. These four accounts include the Free account, the Plus account £9.99 + VAT Per Month, the Pro account £18.99 + VAT Per Month, and the Cashback account£49.99 + VAT Per Month.
