---
title: Business banking for UK residents
description: Business Banking for UK Residents
---
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1. [After Company Registration](https://help.rapidformations.co.uk/after-company-registration?hsLang=en-gb)
2. [Business Banking](https://help.rapidformations.co.uk/after-company-registration/business-banking?hsLang=en-gb)
# Business banking for UK residents
## Open a business account and manage your company finances
### 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.
| | **Monthly fee** | **UK bank transfers** | **Card purchases** | **Overdraft** | **Account access** | **Multi-director access** | **FSCS 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 | **✓** | **✓** |
| **Starling Bank** | Free | Free | Free | ✖ | App | **✓** | **✓** |
### How to add a business banking referral when forming a company
When completing a company application after purchasing a company formation 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.
*\*Business banking referrals are not available with the Limited by Guarantee Package.*
### How to request a banking referral after your company is formed
1\. [Log in](https://client.rapidformations.co.uk/login/) to your Client Portal
2\. Select the '**My Companies**' tile on your Customer Dashboard
3\. Select your company name and open the '**Getting Started**' tab
4\. Select the banking referral you would like to add
5\. Proceed to checkout and complete your order. Your chosen bank will then be notified.
⚠️ Terms and conditions apply and vary by provider. Availability may change. Information is correct at the time of publication and subject to updates. We may receive a commission if you choose one of these accounts through our service.
### Not found what you're looking for?
Please get in touch and we'll be happy to help:
**Email:** You can submit a request using our [contact form](https://forms.rapidformations.co.uk/contact/)
**Phone:** 020 7871 9990
**Live Chat:** Select the live chat icon on the bottom right
- [Business Banking](https://help.rapidformations.co.uk/after-company-registration/business-banking?hsLang=en-gb)
- [Web Domains](https://help.rapidformations.co.uk/after-company-registration/web-domains?hsLang=en-gb)
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- [Company Documents](https://help.rapidformations.co.uk/after-company-registration/company-documents?hsLang=en-gb)
- [Deadlines and Filing Obligations](https://help.rapidformations.co.uk/after-company-registration/deadlines-and-filing-obligations?hsLang=en-gb)
- [Register for Corporation Tax](https://help.rapidformations.co.uk/after-company-registration/register-for-corporation-tax?hsLang=en-gb)
- [Business Telephone Numbers](https://help.rapidformations.co.uk/after-company-registration/business-telephone-numbers?hsLang=en-gb)
- [Managing a Dormant Company](https://help.rapidformations.co.uk/after-company-registration/managing-a-dormant-company?hsLang=en-gb)
- [Business Document Template Library](https://help.rapidformations.co.uk/after-company-registration/business-document-template-library?hsLang=en-gb)
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