The only significant obstacle for location-independent UK businesses with non-resident owners/directors was to open a bank account. No UK banks wanted to work with non-residents (unless you were bringing loads of business to the bank). That was the situation until 2016. Enter Tide. If you are looking for the best deal on your business bank account, then keep reading to see what the top UK banks are offering businesses and how they compare. We examine the leading high street banks through to the lesser known challenger providers. Featured: Starling Bank. Some of the... Do you need a better bank account for your start-up? We list the best small business current accounts with interest overdrafts and bonuses. By Jayna Rana and Myron Jobson For Thisismoney.co.uk These platforms all offer an alternative to traditional high street accounts, they are quick to set up and operate entirely from your smartphone where you can access all their digital banking services.. According to Finder, one in ten people in the UK have switched to a digital only bank like Monzo, Revolut or Starling for their personal banking.That said, nearly half (47pc) of those who use Business bank accounts Picking the right account for your small business can be a minefield, but we've made it easy for you to find the best perks, the lowest fees and the cheapest overdraft charges. MoneySupermarket business bank account comparison. Moneyfacts business bank account comparison. We've linked to others' comparisons for now, but let us know in the forum if it would be useful for us to do a full comparison of high-street business accounts. What ID do I need to open a business bank account? Their business bank account is suitable for a variety of business types including sole traders, partnerships, limited liability partnerships, private limited companies and trusts that are registered in the UK. Santander’s business bank accounts can be managed online and accessed either through their ATMs or through Post Office branches. Compare business bank accounts from the top providers. Here are more details on the products themselves, letting you compare business bank accounts from the top providers. Handelsbanken: best bank for business account. Handelsbanken came top in the survey for overall service, as well as for relationship management and overdraft and loan services. If you’re running a business, being able to manage your finances easily is a key part of your everyday operations. Whether your business is a startup or well established, or whether you’re looking for a great mobile banking app or simply some free banking, our guide to the best business bank accounts in the UK will help you decide which provider could be right for you. You can open a business bank account online in minutes. Using our comparison table above you can compare business bank accounts and fill out the online application when you've chosen one that suits you. To make it as quick as possible, it's worth gathering as much information as possible before you try to open your online business bank account.
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