Business bank accounts for sole traders compared

Who can open it

limited company, partnership, sole trader

Monthly fee

£0 (no monthly fee)

Electronic payments

Free

Cash deposits

Not published

Cheques

Not published

International payments

SWIFT payments available; '1% currency conversion fee for transfers'. Incoming CHAPS payments only.

Multi-currency

—

Branch access

—

Overdraft

—

Cards

1 card; unlimited free expense cards; free ATM withdrawals.

Protection

Pricing page footer: 'Funds in your main ANNA account are safeguarded in accordance with the Electronic Money Regulations 2011 and are not protected by the Financial Services Compensation Scheme (FSCS).' Accounts and cards issued by PayrNet Limited (EMI, FRN 900594). Separate savings via Griffin Bank are FSCS-eligible up to £120,000.

Notes

Pricing page: '£0 Pay for what you use'; 'Unlimited outgoing transfers'; 'Receive up to £1,000 incoming payments free each month, 0.95% commission after that.' 'If you don't use your account for a month, you don't pay the monthly fee for that month.' Eligibility from homepage (https://anna.money/): 'any UK resident who is a director of a limited company, and non-limited businesses that are structured as a partnership or sole trader'. Cash and cheque deposits not mentioned on the pricing page. Auto Accountant first 4 months free, then £29/mo; VAT return filing £4.50 + VAT per filing.

Go to ANNA Money → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.

Who can open it

sole trader, limited company

Monthly fee

£0 (no monthly fee)

Electronic payments

—

Cash deposits

Cash deposit (made through the Post Office): £2.75 per deposit ('applied to your Mettle account after the funds have been credited').

Cheques

Not published

International payments

Inbound (above £10 in value): '£4 fixed fee, plus a 1.5% fee if we need to convert from a foreign currency into GBP'. Inbound (below £10): 'No fixed fee, only a 1.5% fee if we need to convert'. Outbound international payment fees not listed in the Fee Information Document.

Multi-currency

—

Branch access

—

Overdraft

—

Cards

Mastercard debit card; cash withdrawal (card) £1.00 per withdrawal; replacement card £5.00 if lost or damaged, free if stolen. Mastercard Business Bonus.

Protection

Fee page: 'This account is protected by the Financial Services Compensation Scheme (FSCS). This means eligible deposits are protected up to £120,000.' 'The Mettle bank account is provided by National Westminster Bank plc trading as Mettle.' Note the same page also states, for legacy accounts: 'The Mettle e-money account is provided by PPS ... Financial Services Compensation Scheme (FSCS) protection does not apply to electronic money institutions.' FSCS key information: https://www.mettle.co.uk/fscs-key-information/

Notes

Fee Information Document: account 'No fee'; optional Mettle+ '£4 a month'. UK electronic payment fees are not listed in the document (only cash, card and inbound international fees appear), so left null. Cheque deposits not mentioned. Homepage (https://www.mettle.co.uk/): 'Mettle is for sole traders and limited companies with up to two owners (only one owner can access the account)'; balance limit up to £1 million; owners must be UK tax residents; 'Get FreeAgent accounting software included with Mettle' (needs at least one transaction a month). NatWest page states its free-banking offer is 'Not currently available for Mettle accounts'.

Go to Mettle (NatWest) → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.

Who can open it

sole trader, limited company

Monthly fee

£0 (no monthly fee)

Electronic payments

Free

Cash deposits

'Cash deposit: £1 per deposit to pay in cash at any PayPoint or Post Office'.

Cheques

Not published

International payments

Until 31 October 2026: sending a payment in a foreign currency costs a fixed amount 'no more than £9' plus a variable amount 'between 0% and 1.80%'. From 1 November 2026: 'For most currencies, the fee is less than £0.80, but it may be up to £11 in some cases.' Receiving EUR or other foreign currency: '1% currency conversion fee (capped at £1,000)'. Debit card payment in foreign currency £0; cash withdrawals outside the EEA £0 up to £200 in a rolling 30-day period, then 3%.

Multi-currency

No

Branch access

No

Overdraft

Yes

Cards

Debit card (debit card payment in pounds £0; UK cash withdrawals £0).

Protection

Plans page: 'FSCS protection up to £120,000 on eligible deposits'. FSCS information: https://monzo.com/legal/business-account-fscs-information ('£120,000 per depositor per bank'; 'Eligible deposits in business accounts are treated as if made by a single depositor'). Monzo Bank Limited, PRA-authorised.

Notes

Fee Information v1.16 dated 18 August 2026: 'Maintaining the account (Lite): £0'; 'Sending money within the UK: £0'; Direct Debit/standing order £0. Plans page (https://monzo.com/business-banking/plans-pricing): 'Only sole traders or limited company directors in the UK can apply'; Lite 'is free'; 'Sole trader loans and overdrafts (if eligible)'. Multi-currency false because 'We convert any payments you get in EUR to GBP before the money appears in your account'. No cheque fee listed in the Fee Information document ('Deposit cash and cheques' is listed as a feature). Branch access false: cash via PayPoint/Post Office, mobile and web access only. Accounting integrations are a Pro/Team feature ('connect Xero and others').

Go to Monzo Business → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.

Who can open it

sole trader, partnership, llp, limited company

Monthly fee

£0 (no monthly fee)

Electronic payments

Free

Cash deposits

Cash paid in or out: £1.50 per £100. Cash exchanged £1.60 per £100.

Cheques

Cheques paid in/issued: £1.50 each. Stopped cheque £5.

International payments

SEPA payments in euro to EU/EEA states plus Iceland, Liechtenstein, Norway, Monaco and Switzerland: Free. Structured USD payments: £8 via telephone banking or in writing, £5 via online banking. SWIFT service: 0.25% of the value of the transaction min. £13, max. £35 via telephone banking or in writing; £10 via online banking (plus postage, transmission and agent's charges where applicable). Receiving payments from overseas equivalent to £100 or less: Free. Debit card foreign currency conversion charge 2.75%.

Multi-currency

—

Branch access

Yes

Overdraft

Yes

Cards

Debit card (debit card purchases free).

Protection

FSCS Information Sheet linked (https://www.co-operativebank.co.uk/assets/pdf/bank/global/fscs.pdf). Page notes a proposed transfer to Coventry Building Society: 'you will have a single FSCS protection limit of £120,000 which will apply to your eligible deposits with the Bank, smile and the Society'.

Notes

Tariff effective from 31 March 2025: 'Monthly service charge: Free'; Automated Debits & Credits, Debit Card Purchases, ATM Withdrawals, Manual Credits: Free. Product page (https://www.co-operativebank.co.uk/business/products/bank-accounts/startup-small-business-account/) 'Ideal for startups and small businesses that bank digitally'; eligibility: 18+, UK resident with UK business address, no CCJs/bankruptcy/IVAs in six years, and 'Sole trader, Partnership, Limited liability partnership, Limited company'. Page mentions 'accountancy software integration' without naming packages. £200 opening offer (to 11 September 2026) with conditions.

Go to The Co-operative Bank → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.

Who can open it

sole trader, partnership, llp, limited company

Monthly fee

£0 (no monthly fee)

Electronic payments

Free

Cash deposits

Cash paid in: up to £1,000 per charging period free; exceeding £1,000 per charging period 80p per £100. Cash withdrawals free; cash exchanged free. · free allowance: £1,000 cash per charging period free.

Cheques

Cheques paid in: Free. Cheques issued: Free.

International payments

Not published

Multi-currency

—

Branch access

Yes

Overdraft

Yes

Cards

Debit card (debit card purchases free).

Protection

FSCS Information Sheet and Exclusions List linked on the product page; single £120,000 limit shared with Coventry Building Society if the proposed transfer completes.

Notes

Tariff effective 31 March 2025: Monthly service charge Free; automated credits/debits, manual credits, debit card purchases, ATM withdrawals free. 'Only for members of the Federation of Small Businesses'; 'No arrangement fees on overdrafts'. Product page (https://www.co-operativebank.co.uk/business/products/bank-accounts/federation-of-small-businesses/) eligibility: 'You or your organisation must be a member of the Federation of Small Businesses, and one of the following: Sole trader, Partnership, Limited liability partnership, Limited company'.

Go to The Co-operative Bank → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.

Who can open it

sole trader, limited company, llp

Monthly fee

£0 (no monthly fee)

Electronic payments

Free

Cash deposits

Cash Paid In (at branch or Post Office): £0.90 per £100, plus Manual Credit £0.95 per credit for transactions in branch/Post Office. Cash Paid Out £0.90 per £100; Cash Exchanged (over £100) £1.80 per £100.

Cheques

Cheque Remitted (paid in): £0.00 via App; £0.55 via Branch.

International payments

SWIFT £17.50 via Business Internet Banking or £25.00 via Branch and telephone banking; SEPA no charge. Inward: SEPA no charge; SWIFT over £100 (or equivalent) £7.00 except euro/SEK/RON from within the EEA (no charge). CHAPS £17.50 online / £25.00 branch or telephone.

Multi-currency

—

Branch access

Yes

Overdraft

Yes

Cards

Business debit card with 0.25% unlimited cashback on debit card spending. Non-sterling card payments outside GBP/EUR/SEK/RON: 2.75% (min £1.50); cash withdrawals 3.75% (min £1.50).

Protection

Product page: 'FSCS protection: Up to £120,000 on eligible deposits'. Tariff: 'Nationwide Building Society (trading as Virgin Money)' - Business Current Account page notes protection is on 'combined eligible deposits with Virgin Money and Nationwide up to £120,000'.

Notes

Tariff Guide 'correct as at 19 December 2025': Monthly Fee No charge; Auto Debit and Auto Credit No charge. Post Office cash deposit limits £10,000 daily, £250,000 in any 12 months. Unplanned borrowing 18.90% (20.63% EAR). Product page (https://uk.virginmoney.com/business/current-accounts/m-account-for-business/): 'for businesses with an annual turnover under £1m'; business types offered: Limited company, Sole trader, Limited liability partnership; 'You can't open an M Account for Business if you're a club, charity or society'; 'Sync your accounting tools like Xero, Sage, Shopify and Quickbooks'; Xero free for 6 months offer.

Go to Virgin Money → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.

Who can open it

limited company, sole trader, charity, partnership

Monthly fee

£0 (no monthly fee)

Electronic payments

35p

Cash deposits

Pay in cash at any UK Post Office: '£4 minimum fee or 0.55% fee will apply to the total amount deposited'. Post Office cash deposit limit £6,000 per day.

Cheques

Not accepted: 'We currently don't allow our customers to deposit cash into their account with a cheque.'

International payments

International inbound payment: 'Up to £22 per payment'. International outbound payment: 'See your app or Online Banking for fees'. Card spend abroad: 2.99% non-sterling transaction fee.

Multi-currency

—

Branch access

No

Overdraft

Yes

Cards

Card included (upfront card fee Free); additional cards (up to 20) £5.95 each. UK cash withdrawals £2.00, abroad £3.00.

Protection

Pricing page: 'FSCS protection up to £120,000 on eligible deposits: Yes'. Product page: 'We received our banking licence in 2021. Zempler is a fully regulated British bank'. FSCS page: https://www.zemplerbank.com/about/fscs/

Notes

Pricing page: 'Monthly account fee £0/month'; 'Receiving money (payments & transfers): Free & unlimited'; 'Sending money (payments & transfers): 3 free a month (35p after)'. Direct debit rejected payment fee £15 (max £90 a month). Account balance limit £500,000; single outbound bank transfer limit £25,000. Eligibility (product page https://www.zemplerbank.com/business/current-account/business-go/): 'over 18, a UK resident and your business must be based in the UK. We accept applications from limited companies, sole traders, charities, and partnerships.' Accounting: Business Go page names Xero, Quickbooks and Sage; the small-business page (all tiers) names Xero, QuickBooks, Sage and FreeAgent. Branch access false: 'bank in-app or online once approved', cash via Post Office.

Go to Zempler Bank → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.

Who can open it

sole trader, limited company, llp

Monthly fee

£6.50 (after 25 months free)

Electronic payments

30p

Cash deposits

Cash Paid In (at branch or Post Office): £0.65 per £100, plus Manual Credit £0.70 per credit in branch/Post Office. Cash Paid Out £0.65 per £100; Cash Exchanged (over £100) £1.30 per £100. · free allowance: 25 months' free day-to-day banking offer: 'A cash limit (paid in, paid out or exchanged) of £250,000 per year applies.' Post Office deposit limits £10,000 daily, £250,000 in any 12 months.

Cheques

Cheque Remitted (paid in): £0.30 per cheque. Stopped cheque £10.00.

International payments

Inward: SEPA no charge; SWIFT over £100 (or equivalent) £7.00 except euro/SEK/RON from within the EEA (no charge). Outward international payments are in a separate International tariff (https://uk.virginmoney.com/business/business-banking-tariff/). CHAPS £25.00.

Multi-currency

—

Branch access

Yes

Overdraft

Yes

Cards

Business Debit Mastercard; 0.35% cashback (capped at £500 per calendar year per Debit Card). Non-sterling payments outside GBP/EUR/SEK/RON: 2.75% (min £1.50); cash withdrawals 3.75% (min £1.50).

Protection

Product page: 'protection on your combined eligible deposits with Virgin Money and Nationwide up to £120,000. Provided through the Financial Services Compensation Scheme (FSCS).' (https://uk.virginmoney.com/service/fscs/)

Notes

Business Banking Tariff Guide: Monthly Fee £6.50 per month; Auto Debit £0.30 per debit; Auto Credit £0.30 per credit; Manual Debit/Credit £0.70. Product page (https://uk.virginmoney.com/business/current-accounts/business-current-account/): '25 months' free day-to-day banking ... After enjoying 25 months' free, you'll automatically start paying £6.50 per month'; during the offer 'No payment charges on UK bank transfers'; for sole traders, limited companies and LLPs 'with an annual turnover less than £6.5million'; not for clubs, charities or societies; integrations with Xero, Sage and QuickBooks from Business Internet Banking and the app. Registered charities with turnover under £1m get no monthly fee or transaction charges on this tariff.

Go to Virgin Money → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.

Who can open it

sole trader, partnership, llp, limited company

Monthly fee

£7 (after 30 months free)

Electronic payments

35p

Cash deposits

Cash paid in: £1,000 free per charging period and 80p per £100 thereafter. Cash and cheques paid in at Post Office: 80p per credit (in addition). Cash exchanged £1.60 per £100. · free allowance: £1,000 cash per charging period free.

Cheques

Cheques paid in: 25 free per charging period and 75p each thereafter. Cheques issued: introductory tariff 10 free per charging period then 50p each; standard tariff 50p; 70p if balance falls below £1,000.

International payments

Not published

Multi-currency

—

Branch access

Yes

Overdraft

Yes

Cards

Debit card (debit card purchases free on introductory tariff, 35p standard, 70p if balance falls below £1,000).

Protection

FSCS Information Sheet linked (https://www.co-operativebank.co.uk/assets/pdf/bank/global/fscs.pdf); single £120,000 limit shared with Coventry Building Society if the proposed transfer completes.

Notes

Tariff effective 31 March 2025. Monthly service charge: Free for first 30 months (new-to-bank, credit balance above £1,000 at all times); Standard Tariff £7; £7 if balance falls below £1,000 at any time in the charging period. Automated debits: Free (introductory), 35p (standard, balance above £1,000), 70p (balance below £1,000); automated and manual credits free. Product page (https://www.co-operativebank.co.uk/business/products/bank-accounts/business-directplus/): 'For businesses of all sizes that occasionally pay in cash or cheques'; 'Banking limits and £1000 minimum balance apply'. Eligibility: 18+, UK resident with UK business address, no CCJs/bankruptcy/IVAs in six years, and 'Sole trader, Partnership, Limited liability partnership, Limited company'. International charges follow the same schedule as the Business Bank Account tariff (SEPA free; SWIFT 0.25% min £13 max £35 by phone/writing, £10 online) but were not re-read in this PDF, so left null here.

Go to The Co-operative Bank → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.

Who can open it

sole trader, limited company, llp

Monthly fee

£8 (after 12 months free)

Electronic payments

30p

Cash deposits

Cash deposited, withdrawn, or exchanged in Store: 1.00% (excludes ATM withdrawals). Post Office: 'Post Office services are subject to request and approval. Post Office cash processing charges may vary.' · free allowance: 31 Month Full Switcher Offer: 'free cash transactions (withdrawn, deposited or exchanged) up to £10,000 per month'. The 12-month new-to-bank offer excludes cash.

Cheques

Cheques deposited (Store and Post Office) and cheque payments: £0.30 each (part of the 30 free transactions per month in a month where the balance remains at £6,000 or above). USD cheque deposit $13 (£10) up to $6,500, $25 (£20) above.

International payments

International payment SWIFT £25; SEPA £0.20; CHAPS £25. 'When making or receiving a payment between two different currencies ... a foreign exchange (FX) margin will be applied to your exchange rate' (rate on metrobankonline.co.uk). Debit card outside listed European countries: 2.99% non-sterling transaction fee (+£1.50 for cash withdrawals).

Multi-currency

—

Branch access

Yes

Overdraft

Yes

Cards

Debit card (free card purchases and cash withdrawals in listed European countries).

Protection

Product page: 'Deposits are protected by the Financial Services Compensation Scheme up to £120,000 for eligible businesses.' Metro Bank PLC is authorised by the PRA.

Notes

Important Information Summary 'correct as of 22nd July 2026'. Account maintenance fee £8 a month; 'If your Business Bank Account balance stays at £6,000 or above for any whole month we'll waive the monthly maintenance fee and give you 30 free transactions for that month'; otherwise UK transactions £0.30 each (cheques, debit card payments, Direct Debits, Faster Payments, standing orders, inward payments, ATM withdrawals). Eligibility: 18+, 'turnover and/or annual balance sheet total that does not exceed £2 million', 'sole trader, limited company, limited guarantee, or limited liability partnership'. Offers: 12 months fee-free banking for new-to-bank customers; 31 months fee-free plus free cash to £10,000/month for full CASS switchers. Unarranged overdraft 25% EAR; business overdraft up to £60,000 advertised. Product page mentions 'automated bank feeds' and 'Invoice It' but names no accounting packages. Product page: https://www.metrobankonline.co.uk/business/current-accounts/products/business-bank-account/

Go to Metro Bank → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.

Who can open it

sole trader, limited company

Monthly fee

£9 (after 1 months free)

Electronic payments

Free

Cash deposits

'Cash deposit: £1 per deposit to pay in cash at any PayPoint or Post Office'.

Cheques

Not published

International payments

As Lite: until 31 October 2026 fixed amount no more than £9 plus 0%-1.80% variable; from 1 November 2026 fixed fee typically less than £0.80, up to £11 in some cases. Receiving foreign currency: 1% conversion fee (capped at £1,000).

Multi-currency

No

Branch access

No

Overdraft

Yes

Cards

Debit card plus virtual cards (Pro feature).

Protection

Plans page: 'FSCS protection up to £120,000 on eligible deposits'. FSCS information: https://monzo.com/legal/business-account-fscs-information

Notes

Fee Information v1.16: 'Maintaining the account (Pro): £9 a month'. Plans page: 'Pro is £9 a month, your first month is free'; 'Create and send invoices, automatically put money aside for tax, and connect Xero and others for fully up to date bookkeeping' (Integrated accounting, Tax Pots, Auto-exports, Making Tax Digital software). Eligibility: 'Only sole traders or limited company directors in the UK can apply'.

Go to Monzo Business → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.

Who can open it

limited company, sole trader, charity, partnership

Monthly fee

£9 (per month)

Electronic payments

35p

Cash deposits

Pay in cash at any UK Post Office: '£4 minimum fee or 0.55% fee will apply to the total amount deposited'. Limit £6,000 per day.

Cheques

Not accepted: 'We currently don't allow our customers to deposit cash into their account with a cheque.'

International payments

International inbound payment: 'Up to £22 per payment'. International outbound payment: 'See your app or Online Banking for fees'. Card spend abroad: 'Fee-free. We'll never charge you for card spend abroad'.

Multi-currency

—

Branch access

No

Overdraft

Yes

Cards

Card included (upfront card fee Free); additional cards (up to 20) £5.95 each; UK and abroad cash withdrawals free. Cashback up to 0.5% on card spend (limits apply).

Protection

Pricing page: 'FSCS protection up to £120,000 on eligible deposits: Yes'. FSCS page: https://www.zemplerbank.com/about/fscs/

Notes

Pricing page: '£9/month'; 'Sending money: 20 free a month (35p after)'; receiving free & unlimited. Direct debit rejected payment fee £15 (max £90). Balance limit £500,000; single outbound transfer limit £100,000; in-app messaging. Business Creditbuilder mentioned on the small-business page.

Go to Zempler Bank → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.

Who can open it

sole trader, partnership, llp, limited company

Monthly fee

£9.99 (after 12 months free)

Electronic payments

Free

Cash deposits

£1.25 for every £100 over the £1,000 monthly limit at Santander cash machines; £1.25 for every £100 paid in over Santander counters and at Post Office counters. Cash withdrawals at Santander branch or Post Office counters £1.25 per £100 (Santander cash machines free). · free allowance: 'In each monthly billing period, you can pay in up to £1,000 in cash at Santander cash machines without charge.' Unused allowance does not carry over.

Cheques

£0.70 for each cheque deposited (branch counter, cash machines, Mobile Banking app, post or Post Office).

International payments

Not in the Key Facts Document. Product page: 'We charge for non-standard transactions like change-giving, CHAPS payments and foreign currency transactions. Please see the General Terms and Conditions ... for full details.'

Multi-currency

—

Branch access

Yes

Overdraft

Yes

Cards

Debit card; operator card; cash card (with instant access savings account); cash deposit card (Post Office only); change giving card.

Protection

Key Facts Document includes the FSCS Information sheet & Exclusions List; product page: 'With the Financial Services Compensation Scheme, your business's money is covered for up to £120,000.'

Notes

Key Facts Document effective 28 April 2026. Eligibility: 'are a sole trader or your business is a partnership, limited liability partnership or private limited company registered in the UK' with 'a maximum of two directors, owners (shareholders) or partners who are 18 or over and live in the UK'. Fee £9.99 per month; start-up offer (trading less than 12 months, first business current account with Santander) and switcher offer (CASS): no maintenance fee for the first 12 months. UK electronic payment fees are not in the KFD ('We also charge fees for certain payments and other services. You can find details of those in the general terms'); the product page says 'make multiple payments in one go at no extra fee'. Arranged overdraft £500-£25,000: 14.94% EAR representative (variable), annual fee 1.75% of limit (minimum £100); unarranged 14.94% EAR; no unpaid/paid item fee. Xero: 6 months free plus gift-card offer for new Xero customers. Product page: https://www.santander.co.uk/business/current-accounts/business-current-account-classic/ Electronic payment fee from https://assets.santandermedia.com/adobe/assets/urn:aaid:aem:f283bd9f-9a4d-48d0-86bd-57412b1a4d6f/original/as/Business_Banking_General_Terms_and_Conditions_ANB90361APR26PUBCDT.pdf (read 2026-09-05).

Go to Santander → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.

Who can open it

sole trader, limited company

Monthly fee

£10 (after 12 months free)

Electronic payments

Free

Cash deposits

Cash paid in at branch counter, ATM, depositpoint, Nightsafe, Post Office or other third-party method: £1.60 for every £100 (plus £0.85 'credit paid in' at branch counter/ATM/depositpoint). Cash paid in via Immediate Deposit Machine or Automated Deposit Machine: £0.85 for every £100. Cash exchanged £2.50 per £100; cash paid out £1.60 per £100.

Cheques

Cheque paid in at branch counter, ATM, depositpoint, Nightsafe, postal or third-party method: £1.20. Cheque paid in via Immediate Deposit Machine or Business Mobile Banking App: £0.85. Cheque paid out: £1.20. Stopped cheque £10.

International payments

International Payment via Internet banking £15; instructed in branch or via Relationship Manager £28. Basic Euro Moneymover (SEPA) Credit Transfer £5. Correspondent bank fee (OUR) £12 Zone 1 / £20 Zone 2. Receiving electronic payments from abroad: £2 up to £100, £7 over £100 (no charge for euro payments received from the EEA or UK). CHAPS £30.

Multi-currency

Yes

Branch access

Yes

Overdraft

Yes

Cards

Free debit card (Business Debit Card). Abroad: 2.75% non-sterling transaction fee; non-euro ATM withdrawals also 1.5% cash fee (min £1.50).

Protection

Lloyds Bank plc; product page links to 'more about FSCS' (https://www.lloydsbank.com/business/savings/financial-services-compensation-scheme.html). Limit not stated on the pages read.

Notes

Account Charges and Processing Times brochure 'Applies from July 2026': 'General account maintenance fee £10.00 for each account'; Direct debits, Faster payment debits, Internet bulk payments, Internet/Phonebank debits, standing orders and all automated/Faster Payment credits 'Included at no extra cost'. Product page (https://www.lloydsbank.com/business/business-accounts/startup-small-businesses.html): 'No account fee for 12 months if it's your first Business Account with us. Then £10 a month'; open online if estimated turnover for the next 12 months is under £3 million; 'you can apply if you're running your new business as a freelancer, sole trader or limited company'. Xero: 6-month free subscription offer plus free Making Tax Digital software for sole traders. Multi-currency via separate Euro Current Account (£24/year) and Foreign Currency Account (£60/year). Unauthorised overdraft returned item fee £7.

Go to Lloyds → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.

Who can open it

limited company, partnership, sole trader

Monthly fee

£12.90 (per month)

Electronic payments

27p

Cash deposits

Not published

Cheques

Not published

International payments

'£5 per SWIFT payment'; '1% currency conversion fee for transfers'. CHAPS: £5 per CHAPS payment.

Multi-currency

—

Branch access

—

Overdraft

—

Cards

2 cards; up to 2 expense cards included, £5 per card per month after that. ATM withdrawals: 1.5% commission, minimum £1.

Protection

Pricing page footer: 'Funds in your main ANNA account are safeguarded in accordance with the Electronic Money Regulations 2011 and are not protected by the Financial Services Compensation Scheme (FSCS).'

Notes

Pricing page: '£12.90 a month +VAT'; '15 free transfers per month, 27p per transfer after that'; 1% commission on payment link; pots £1 per pot per month. Monthly fee is quoted ex-VAT as published.

Go to ANNA Money → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.

Who can open it

limited company, sole trader, charity, partnership

Monthly fee

£19 (per month)

Electronic payments

35p

Cash deposits

Pay in cash at any UK Post Office: '£4 minimum fee or 0.55% fee will apply to the total amount deposited'. Limit £6,000 per day.

Cheques

Not accepted: 'We currently don't allow our customers to deposit cash into their account with a cheque.'

International payments

International inbound payment: 'Up to £22 per payment'. International outbound payment: 'See your app or Online Banking for fees'. Card spend abroad fee-free.

Multi-currency

—

Branch access

No

Overdraft

Yes

Cards

Card included; additional cards: 5 free then £5.95 each (up to 20); cash withdrawals free. Cashback up to 1% on card spend (limits apply).

Protection

Pricing page: 'FSCS protection up to £120,000 on eligible deposits: Yes'. FSCS page: https://www.zemplerbank.com/about/fscs/

Notes

Pricing page: '£19/month'; 'Sending money: 500 free a month (35p after)'. Unlimited account balance and daily ATM withdrawal; single outbound transfer limit £100,000; dedicated telephone account management; 0.75% interest earning saving pots (limits apply).

Go to Zempler Bank → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.

Who can open it

limited company, partnership, sole trader

Monthly fee

£22.90 (after 1 months free)

Electronic payments

20p

Cash deposits

Not published

Cheques

Not published

International payments

'2 free SWIFT payments per month, £5 per payment after'; '1% currency conversion fee for transfers'. CHAPS: 2 free per month, £5 after.

Multi-currency

—

Branch access

—

Overdraft

—

Cards

5 cards; up to 5 expense cards included, £3 per card per month after that. 3 free ATM withdrawals per month, then 1% (min £1).

Protection

Pricing page footer: 'Funds in your main ANNA account are safeguarded in accordance with the Electronic Money Regulations 2011 and are not protected by the Financial Services Compensation Scheme (FSCS).'

Notes

Pricing page: '£22.90 a month +VAT'; 'First month free'; '60 free transfers per month, 20p per transfer after that'; payment link free up to £200 per month then 0.5%; 4 free pots then £1 per pot per month. Monthly fee quoted ex-VAT as published.

Go to ANNA Money → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.

Who can open it

sole trader, limited company

Monthly fee

£25 (per month)

Electronic payments

Free

Cash deposits

'Cash deposit: £1 per deposit to pay in cash at any PayPoint or Post Office'.

Cheques

Not published

International payments

As Lite: until 31 October 2026 fixed amount no more than £9 plus 0%-1.80% variable; from 1 November 2026 fixed fee typically less than £0.80, up to £11 in some cases. Receiving foreign currency: 1% conversion fee (capped at £1,000).

Multi-currency

No

Branch access

No

Overdraft

Yes

Cards

Debit card, virtual cards and employee expense cards 'with limits and controls that you set'.

Protection

Plans page: 'FSCS protection up to £120,000 on eligible deposits'. FSCS information: https://monzo.com/legal/business-account-fscs-information

Notes

Fee Information v1.16: 'Maintaining the account (Team): £25 a month'; 'Each additional member after first 6 members (Team): £5 a month'. Plans page: 'Team starts from £25 a month'; bulk payments, payment approvals, team access levels. Eligibility: 'Only sole traders or limited company directors in the UK can apply'.

Go to Monzo Business → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.

Who can open it

limited company, partnership, sole trader

Monthly fee

£59.90 (per month)

Electronic payments

Free

Cash deposits

Not published

Cheques

Not published

International payments

'4 free SWIFT payments per month, £5 per payment after'; '0.5% currency conversion fee for transfers'. 'Unlimited free CHAPS payments'.

Multi-currency

—

Branch access

—

Overdraft

—

Cards

Unlimited cards; unlimited free expense cards; free ATM withdrawals.

Protection

Pricing page footer: 'Funds in your main ANNA account are safeguarded in accordance with the Electronic Money Regulations 2011 and are not protected by the Financial Services Compensation Scheme (FSCS).'

Notes

Pricing page: '£59.90 a month +VAT'; 'Unlimited free bank transfers'; 'Unlimited incoming payments with no commission'; unlimited pots. Monthly fee quoted ex-VAT as published.

Go to ANNA Money → Published tariff we read Read on 5 September 2026. Spotted a change? Tell us.