Best Free Business Bank Accounts March 2024

A free business bank account is exactly what it sounds like – a bank account for your business that doesn’t cost any money to open. 

They can be great if you are a new business looking for your first dedicated account or only need to make a small number of transactions a month. However, what goes into a free business bank account can vary greatly from provider to provider. This means it can be difficult to pick the right account for your business.

That is why we have ranked the top 9 free UK business bank accounts, based on what business owners say are the most important criteria when searching for an account. That includes easy account access, quick set-up and protection through the Financial Services Compensation Scheme (FSCS).

We have only included providers that currently do not charge a monthly or annual fee. It does not include business bank accounts that offer a fee-free introductory period; require a special status, such as a charity account; or have minimum turnover or balance requirements.