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Business Banking for UK Residents

Open a business account and manage your company finances.

In this article, we will cover:

  1. Banking options available for UK residents
  2. How to add a business banking referral when forming a company
  3. How to request a banking referral after your company has been formed

 

Banking options available for UK residents

We offer a range of business banking referral options for UK residents. Each option has its own features, eligibility criteria, and application process, so it is important to choose the one that best suits your business needs.

To help you compare the available options, we have provided a table below outlining the key details for each banking referral. This should help you identify which provider may be the most suitable for your company.

 

  Monthly fee UK bank transfers Card purchases Overdraft Account access Multi-director access FCSC deposit protection
Barclays Free
First 12 months
Free Free App, Online, Branch
NatWest Free Free
First 2 years
Free
First 2 years
App, Online, Branch
Monzo Free Free
First 2 years
Free
First 2 years
App, Online
Lloyds Bank Free
First 12 months
20p
First 100 free
Free
GBP only
App, Online, Branch
ANNA  Free 20p
First 100 free
Free App, Online
Zempler Bank Free 30p Free App, Online
Tide Free 20p Free App, Online
Starling Bank Free Free Free App

 

How to add a business banking referral when forming a company

When applying for any of our company formation packages, except the Limited by Guarantee package, you will be given the option to select your preferred banking referral during the application process.

Once your company has been formed, your chosen banking provider will contact you directly with the next steps for opening your account.

 

How to request a banking referral after your company is formed 

To add a banking referral, log in to your dashboard and select the My Companies tile. Then, click on the company you wish to add the referral for and open the Getting Started tab.

Here, you will see the banking referrals available for your company. Simply select the option you would like to add, proceed to checkout, and complete your order.

Once this has been completed, the bank will contact you directly via email within around three working days.

 

⚠️ Terms and conditions apply and vary by provider. Availability may change. Information is correct at time of publication and subject to updates. We may receive a commission if you choose one of these accounts through our service.