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Tide Business Account

Official Tide Partner
Monthly Fee:
  • FREE
Who's it for?
  • Limited Companies
  • Sole Traders
  • Freelancers
Borrowing:
  • No overdraft facility
Offers:

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Deposit Protection stated by Tide: "Tide’s banking services are provided by PrePay Solutions, who are regulated by the FCA via an e-money license. Our members’ funds are kept in a protected Safeguarding account, meaning that they can never be loaned out to other customers and, as such, are not exposed to risk. As your funds will never be reinvested, they do not require FSCS protection (which is only required where banks reinvest and take risks with your money). In the unlikely event of Tide’s insolvency, the service would continue to run as normal under management of PPS (our card issuer and account provider)."
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ANNA Money Business Account

Monthly Fee:
  • FREE
  • Paid options
Who's it for?
  • Limited Companies
  • Sole Traders
  • Freelancers
Borrowing:
  • No overdraft facility
Offers:

More Details

Deposit Protection stated by ANNA Money: "The Financial Services Compensation Scheme is not applicable for this Account. No other compensation schemes exist to cover losses claimed in connection with your Account. However, we will safeguard your funds against any loss that can be reasonably anticipated. The funds corresponding to Electronic Money will be held in one or more segregated bank accounts separately from our own funds, in accordance with the provisions of the Electronic Money Regulations 2011."
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Revolut Business Account

Monthly Fee:
  • FREE
  • Paid options
Who's it for?
  • Limited Companies
  • Freelancers
  • International transfers
Borrowing:
  • Coming soon...
Offers:

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Deposit Protection stated by Revolut: "Client funds are stored in a segregated account held with a tier-1 partner bank. As an FCA authorised institution, Revolut safeguards your funds as per FCA requirements, the Electronic Money Regulations 2011, and the Payment Services Regulations 2017. In the unlikely event that our partner bank were to become insolvent, you will be able to claim your funds from this segregated account and your claim will be paid above all other creditors."
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Monese Business Account

Monthly Fee:
  • £9.95pm
Who's it for?
  • Limited Companies
Borrowing:
  • No overdraft facility
Offers:
  • N/A

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Deposit Protection stated by Monese: "Monese is subject to FCA regulations. We protect 100% of your money by holding it at major banks and never lending or reinvesting it."
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cardonemoney

CardOneMoney Business Account

Monthly Fee:
  • Minimum charge - £12.50pm
  • Application fee - £55.00
Who's it for?
  • No Credit Checks
  • Limited Companies
  • Sole Trader
  • Partnership
Borrowing:
  • No overdraft facility
  • Loans - £500 to £25k
Offers:
  • Cashback rewards up to 8%
  • using prepaid Mastercard

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Deposit Protection stated by CardOneMoney: "This product is not covered by the Financial Services Compensation Scheme. CardOneMoney is a trading style of Spectrum Payment who are authorised and regulated by the Financial Conduct Authority as a credit broker."
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Starling Bank Business Account

Monthly Fee:
  • FREE
Who's it for?
  • Limited Companies
  • Freelancers
Borrowing:
  • Flexible overdraft
Offers:
  • N/A

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Deposit Protection stated by Starling Bank: "Eligible deposits in Starling Bank Limited (Starling) are protected by: The Financial Services Compensation Scheme (“FSCS”). Limit of protection: £85,000 per depositor per bank."
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HSBC Start-Up Business Account

Monthly Fee:
  • FREE for 18 months
  • Then £6.50pm
Who's it for?
  • Limited Companies
  • Sole Traders
  • Startups
Borrowing:
  • Flexible overdraft facility
Offers:
  • FREE banking for 18 months

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Deposit Protection stated by HSBC: "In the UK, we are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors are covered by the scheme. In respect of deposits an eligible depositor is entitled to claim up to the current FSCS limit for deposits."