Best Business Bank Accounts Of January 2023

Compare top business bank accounts

✓ No monthly fees or charges

✓ Easy tax preparation

✓ Asset protection

What account do you want?

Account Type
Business Banking
Tide Bank Logo

9.7

SmartScore
4.8/5

Tide

Best for earning cashback

Earn 0.50% cashback with debit

Used by 450,000+ business owners

Best for earning cashback

Earn 0.50% cashback with debit

GoSolo Bank Logo

9.5

SmartScore
4.7/5

GoSolo

Best for registering a new business

Free company formation

Best for registering a new business

Free company formation

Revolut Logo

9.4

SmartScore
4.7/5

Revolut

Best for exchanging currencies

Exchange money in 28+ currencies

Best for exchanging currencies

Exchange money in 28+ currencies

Intergiro Bank Logo

8.7

SmartScore
4/5

Intergiro

Best for financial automations

Create unlimited digital cards

Best for financial automations

Create unlimited digital cards

Anna Bank Logo

8.2

SmartScore
4.1/5

Anna

Best for tax calculations & estimates

Automatic HMRC compliance

Best for tax calculations & estimates

Automatic HMRC compliance

Community Feedback
Based on the past 30 days
97%
Product Features
Based on our editorial reviews
95%
Community Feedback
Based on the past 30 days
92%
Product Features
Based on our editorial reviews
90%
Community Feedback
Based on the past 30 days
87%
Product Features
Based on our editorial reviews
86%
Community Feedback
Based on the past 30 days
86%
Product Features
Based on our editorial reviews
82%
Community Feedback
Based on the past 30 days
83%
Product Features
Based on our editorial reviews
81%

250,000+ people

have chosen a new account using SmartWealthTrends!​

SmartScore

The SmartScore consists of a combination of the following 2 components:

SmartWealthTrends uses community feedback as one of the components to determine the quality of a service or product that is ranked on our lists.  

SmartWealthTrends uses our individual analysis on the various products and services we review to determine how helpful they are to potential new users.

Editorial Reviews

Tide Bank Logo

Tide

Learn more

GoSolo Bank Logo

GoSolo

Learn more

Revolut Logo

Revolut

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Intergiro Bank Logo

Intergiro

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Anna Bank Logo

Anna

Learn more

Our Top Choice

Most Popular Business Account

Tide Bank Logo

9.8

SmartScore
4.8/5

Tide

Best for earning cashback

Earn 0.50% cashback with debit

Used by 450,000+ business owners

Earn 0.50% cashback with debit

Why Should You Open Business Bank Account?

There are a number of reasons why you should open a business bank account. Perhaps the most important reason is to separate your personal finances from your business finances. This will help you track your business expenses and income more easily, and it will also make it easier to file your taxes. A business bank account can also help you build your business credit history.

 

A business bank account can help you manage your finances more efficiently and can also make it easier to obtain a loan or credit in the future. It can also help you protect your personal assets in the event of a lawsuit. Opening a business bank account is a simple process, and there are a number of banks that offer business banking services.

Top 5 Benefits Of A Business Bank Account

  1. Easier Expense Tracking: One of the best ways to save money within your business is by tracking your expenses. This can be difficult and time-consuming, but it's worth it in the long run when the tax season comes around. With a business checking account, you can easily track your expenses so that you always know where your money is going. This way, you can ensure you're staying up to date with the business's books and not mixing personal expenses into these transactions.

  2. Increased Business Credibility: When you have a business checking account, it shows you're serious about your business. This can help you build credibility with potential customers and clients since any checks and invoices will be made to the company name, not your personal one. 

  3. Build Business Credit: One of the best ways to build business credit is by using a business checking account. This is because when you use this type of account, your payments will be reported to the major credit bureaus. This way, you can establish a good payment history and improve your credit score. This will come in handy if you ever need to take out a business loan or line of credit.

  4. Accept Credit Cards: In today's world, it's crucial to be able to accept credit cards as payment. This is because more and more people are using this method of payment, and if you're not able to accept it, you could be missing out on sales. With a business checking account, you can easily set up a merchant account so that you can start accepting credit cards. This will help you increase your sales and customer base.

  5. Audit Protection: Businesses are always at risk of being audited by the HMRC. This can be stressful and costly, but with a business checking account, you can have peace of mind knowing that your transactions are well-documented and organized. This way, if you are ever audited, you'll have everything you need to prove your expenses and deductions.

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