Digital Banking for Business

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.

  • The best multi-currency account for business
  • Set fixed future Forex rates online
  • The best bank for Cryptocurrency
  • Purchase Business Insurance Through the APP
  • A range of exclusive discounts and rewards on related financial products


Anna, standing for ‘Absolutely No Nonsense Admin’, is designed to remove the administrative hassles for small business owners via convenience and simplicity.

  • Quick Set Up
  • No Fees for 3 Months
  • In-App Invoice Creation
  • Well-designed App functionality
  • Free Direct Debits
  • 24/7 customer service via Live Chat
  • Xero Integration
  • Easy VAT submission to HMRC via App
  • Includes a Receipt Scanner
  • Free payroll service for directors
  • Great reviews on Trustpilot and Smart Money People
  • No overdraft facilities
  • Foreign Currency Transactions carry charges
  • Not protected by the UK’s FSCS scheme.
  • Monthly subscription of £11 after the trial period
  • No Joint Accounts
  • Receiving money in foreign currency is limited to Euros or Dollars and requires a Payoneer account.


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.

  • Speedy Signup
  • FSCS Protected
  • Free account migration with ‘Switching‘
  • Fee-Free Spending Abroad
  • 24/7 customer support
  • Useful budgeting features
  • You cannot currently receive international payments
  • No accounting integrations with the free account
  • It costs £1 to deposit Cash via Paypoint
  • £300 cash deposit limit in one go, or £1000 every six months
  • No bank branches

Starling Bank

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.

  • Fast account set-up
  • No monthly fees or fees overseas
  • Integrations with Quickbooks, Xero & FreeAgent
  • Fully regulated and FSCS protected.
  • Phone and App based customer service 24/7
  • Pay Cash in via Post Office
  • Euro and Dollar accounts are available.
  • No overdraft facility
  • No branches
  • Charge for paying in money.
  • Can’t earn interest.
  • Depositing cash comes with a fee.


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.

  • Tide’s bank app is amongst the best for functionality and ease of use.
  • No monthly or annual fees
  • Connects with virtually every accounting software on the market.
  • Easy invoice creation
  • Free replacement card if you lose one.
  • Up to £150,000 can be applied as a Tide Business Loan.
  • £1 charge for ATM withdrawals
  • 20p charge for transfers between accounts
  • Post Office deposits cost £1.
  • 3% charge for cash deposits at Paypoints
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