10 best business bank accounts for startups in the UK
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The UK’s startup sector is large and influential. More than 5.5 million small businesses now power the economy and that number continues to rise each year.
At the same time, challenger banks have overtaken the high-street giants: in 2024, they provided £37.3 billion of gross lending to smaller businesses, about 60% of the total, overtaking the legacy of big banks.
For new founders, that shift makes choosing a business account more important than ever. The right account can simplify day-to-day finances, cut international costs and grow with your company as it scales.
In this guide, we break down the best business bank accounts for startups in the UK and what really sets them apart in terms of fees, flexibility and global potential.
What to look for in a business bank account before you compare
Before you start comparing options, think about what really matters for a startup in 2025. The best account is one that supports your daily operations now and keeps pace as your business grows.
1. Cost transparency
Early-stage businesses watch every expense closely. Review the monthly fee to see precisely what it covers and what it leaves out, including FX markups and payment charges. A free account might look appealing, but hidden costs can build up once you start trading internationally.
2. Simple setup
Time is everything for new founders. The best accounts let you apply online, verify documents quickly and get started within hours. Smooth onboarding saves you from the usual delays and paperwork that slow down early growth.
3. Payment capabilities
Your account should make both UK and international payments easy. Look for full access to Faster Payments, Bacs and CHAPS for local transfers and reliable international rails for cross-border trade.
4. Accounting and platform integrations
Modern startups run on automation. Accounts that connect with tools like Xero, QuickBooks or your e-commerce platform can save hours on reconciliation and help you see your real-time cash position.
5. FX and currency management
If your business trades internationally, holding multiple currencies can help you avoid unnecessary conversions and manage exchange rate risk. The right account gives you more control over timing and costs when trading internationally.
6. Scalability and support
Your banking needs will change as you grow. Choose a provider that offers features like team cards, spending controls and access to credit when needed.
Top 10 best business bank accounts for UK startups
The table below highlights the best business accounts for startups in the UK, comparing key features such as multi-currency support, international payment options and suitability for different trading volumes:
| Provider | Best for | Currencies you can hold | Currencies you can pay | FX markup / rate policy | Notable digital tools |
|---|---|---|---|---|---|
| WorldFirst | Startups sourcing abroad, selling internationally or managing suppliers and clients in multiple currencies | 20+ currencies |
100+ currencies to 200+ countries |
FX margins capped at 0.5% on major currencies |
Integrations with Amazon, Shopify, Xero and NetSuite; forward contracts; World Card; rate alerts |
| Starling Bank | UK-based startups and small businesses wanting a mobile-first account | GBP + EUR (add-on £2 / month) + USD (add-on £5 / month) |
GBP, EUR, USD |
Real exchange rate + small delivery fee |
FreeAgent, Xero and QuickBooks integrations; real-time analytics; instant notifications |
| Tide | Freelancers and UK startups needing fast setup and expense control | GBP and EUR only |
GBP and EUR only |
No FX tools; domestic pricing only |
Virtual cards, invoicing, expense tracking and receipt capture |
| Revolut | Global startups and distributed teams using multi-currency cards | 30+ currencies |
150+ countries |
0.6% markup above plan allowance; 1% on weekends |
API automation, team cards, expense approvals, accounting integrations |
| Monzo | Early-stage UK startups focused on simple domestic banking | GBP |
GBP |
N/A – domestic only |
Invoicing, receipt capture, accounting integrations, expense tools |
| HSBC Kinetic | Scaling startups needing lending, FX and global banking support | GBP + multi-currency via HSBC network |
90+ countries (via HSBC global rails) |
HSBC FX rates (competitive by volume) |
Kinetic app with cash flow insights, overdrafts and loans |
| Lloyds Bank | Startups wanting traditional support and branch access | GBP + optional foreign currency accounts | 90+ countries |
Bank FX margin varies by volume | Mobile app, merchant services |
| NatWest | New UK businesses trading under 12 months with turnover under £1 million | GBP |
GBP |
N/A – domestic only |
Business Builder and mentoring resources; digital onboarding |
| Wise | Startups managing frequent international payments and FX costs | 40+ currencies |
60+ countries |
Real mid-market rate; conversion fees 0.33%–0.5% | Batch payments, debit cards, Xero/QuickBooks integration |
| Barclays | Startups needing a traditional bank with financing and global reach | GBP + optional foreign currency accounts | 90+ countries |
Bank FX margin applies | Online banking, Eagle Labs mentoring, loans and overdrafts |
1. WorldFirst
WorldFirst’s World Account is perfect for companies with global ambitions. Instead of simply being a standard UK business bank account, its multi-currency infrastructure lets you collect revenue in key markets, hold multiple currencies and make payments to suppliers or partners around the world from a single dashboard.
For an importing startup or e-commerce seller, this means you can avoid opening separate bank accounts in multiple countries, reduce currency conversion costs and improve cash flow visibility when dealing with foreign currency customers or vendors.
Key features:
- Receive funds in 20+ currencies through local account details in major markets, including USD, EUR, AUD and HKD, so that you can avoid international transfer fees
- Hold and convert multiple currency balances inside the same platform, giving you the flexibility to exchange funds only when rates are favourable
- Make payments in 100+ currencies to 200+ countries with same-day or next-day delivery, depending on the destination, improving supplier relationships and efficiency
- Integrate directly with e-commerce marketplaces like Amazon and with accounting platforms such as Xero and NetSuite
Pros:
- Excellent international and multi-currency capabilities for startups trading beyond the UK
- Transparent FX pricing with tools like forward contracts to manage risk
- Centralised platform reduces administrative complexity across markets
Cons:
- Primarily focused on international users, so UK-only startups may not need its advanced features
Best for:
Startups that source products abroad, sell internationally or operate with suppliers and clients across multiple currencies.
Pricing highlights:
- No monthly account fee and no fees for up to 20 cards
- FX margins are capped at 0.5% on major currencies
Open your WorldFirst account for free today and simplify how you send, receive and hold money across borders with local details in 20+ currencies.
2. Starling Bank
Starling Bank offers a fully regulated UK business current account with a modern, app-based experience.
The account targets founders who want a fast digital setup, simple daily management and strong customer support. You can open it online in minutes, access real-time notifications, track categorised spending and send free domestic transfers.
Key features:
- No monthly fee for the standard GBP business account, including free UK transfers for day-to-day transactions
- Real-time mobile app features such as instant notifications, spending analytics and the ability to manage physical and virtual cards
- Optional EUR and USD accounts available as paid add-ons for startups beginning to trade internationally
- Integrations with accounting platforms like FreeAgent, plus smart budgeting tools within the app
Pros:
- Intuitive and fast mobile experience for small business owners
- Free UK payments with zero maintenance cost for the main account
- FSCS-protected deposits up to £85,000
Cons:
- Limited multi-currency coverage with only EUR and USD available
- No physical branch service for in-person banking
Best for:
Startups and small companies that operate mainly within the UK want a simple, mobile-first business account with minimal fees.
Pricing highlights:
- £0 monthly fee for the GBP account
- EUR add-on £2 per month and USD add-on £5 per month
- Free domestic transfers and low international payment fees
3. Tide
Tide is an app-based business account built for founders who value speed and simplicity. Opening an account takes only a few minutes and users gain access to virtual cards, expense categorisation, integrated invoicing and receipt tracking.
While it doesn’t specialise in multi-currency or international transfers, its automation features and integrated financial tools make it an excellent choice for businesses focusing on efficient UK operations.
Key features:
- Fully online onboarding process that allows you to open an account quickly without branch visits or paperwork
- Virtual cards and real-time expense tracking tools for managing daily spending and recording receipts
- Built-in invoicing and accounting integrations to simplify reconciliation and monitor cash flow
- Flexible upgrade options, enabling you to scale features such as multiple cards and higher payment limits as your business grows
Pros:
- Fast setup, ideal for new startups or freelancers
- Integrated tools for expenses, invoicing and budgeting
- Competitive entry price with a free basic tier
Cons:
- Limited international payment options and multi-currency features
- Advanced capabilities are available only on higher-priced plans
Best for:
UK startups and freelancers who want a quick, low-cost account with built-in expense tools for early growth.
Pricing highlights:
- Free basic plan
- Paid plans currently £12.49 / £24.99 / £69.99 per month + VAT
4. Revolut Business
Revolut Business caters to startups that operate globally or have distributed teams.
With advanced tools for team management, spending approvals and accounting integration, Revolut is particularly useful for startups handling international payments or digital-first businesses that operate without physical offices.
Key features:
- Hold and exchange 30+ currencies with interbank rates up to plan limits
- Issue both virtual and physical team cards with customizable spending controls and real-time monitoring
- Integrate directly with accounting software such as Xero and QuickBooks and automate workflows through the Revolut API
- Send and receive global payments quickly, supporting international suppliers and contractors
Pros:
- Strong support for multi-currency spending and team-based expense control
- Advanced automation and software integrations
- Excellent for digital or international startups
Cons:
- 0.6% markup applies above the plan FX allowance; 1% weekend fee applies to some currencies
- Not a traditional bank, so lending and FSCS protection are limited
Best for:
Startups with global teams or clients that need flexible multi-currency cards and automated payment tools.
Pricing highlights:
- Plans at £10 / £35 / £125 per month (Basic, Grow, Scale)
5. Monzo Business
Monzo Business provides straightforward banking for startups and small businesses that primarily trade within the UK. With a simple app interface, instant notifications and built-in bookkeeping tools, Monzo removes friction from daily financial management.
It’s best for founders who want to manage all business banking on their smartphones, without complex multi-currency features or additional services they won’t use.
Key features:
- Free Lite plan or paid Pro plan for advanced functionality
- Instant notifications for payments and expenses with smart categorisation
- Receipt capture, invoice creation and integration with bookkeeping tools
- Access to overdrafts and business loans for eligible companies
Pros:
- Simple, intuitive and low-cost for early-stage companies
- Fast setup with easy-to-use mobile banking
- Transparent pricing and a clean interface
Cons:
- No support for multi-currency accounts or international payments
- Limited advanced business tools beyond basic features
Best for:
Startups focused on the UK market that value simplicity, low fees and an easy app-based experience.
Pricing highlights:
- Monzo Pro is now available for £9 per month and the Team plan starts at £25 per month
- Free UK transfers with small fees for additional services
6. HSBC Kinetic
HSBC Kinetic blends the speed of a digital challenger bank with the resources of one of the UK’s largest banking institutions.
HSBC’s global infrastructure makes it appealing for companies preparing to expand internationally, while still benefiting from the credibility and customer service of a major bank.
Key features:
- Open and manage accounts entirely through the HSBC Kinetic mobile app
- Access overdrafts, loans and lending facilities to support business growth
- International payments, trade services and FX solutions are available through HSBC’s global network
- Business insights and cash flow management tools within the app for data-driven decision-making
Pros:
- Backed by a major global bank with lending and credit capabilities
- Combines app convenience with branch and relationship support
- Good scalability for startups preparing to grow or expand internationally
Cons:
- Higher running costs compared with digital-only challengers
- Onboarding can be slower and may require more documentation
Best for:
Startups that plan to scale quickly, raise funding or need access to financing and full-service banking.
Pricing highlights:
- No monthly account fee
7. Lloyds Bank
Lloyds Bank offers traditional business banking supported by a vast UK branch network and experienced relationship managers.
Although less agile than digital challengers, Lloyds remains an attractive choice for startups seeking physical access and long-term banking partnerships.
Key features:
- Access to physical branches and dedicated relationship managers
- Online and mobile banking with complete transaction visibility
- Business loans, overdrafts and merchant services are available as add-ons
- Optional foreign currency accounts for international transactions
Pros:
- Established UK bank with a trusted reputation
- Full suite of business banking services
Cons:
- Higher fees and slower processes than fintech competitors
- Limited innovation or digital agility compared to challenger banks
Best for:
Startups that value traditional branch banking, personal service and long-term financial relationships.
Pricing highlights:
- Free for 12 months, then £8.50 per month
8. NatWest Startup Business Account
NatWest’s Startup Business Account helps newly registered companies establish professional banking at minimal cost. Designed for small UK businesses trading for less than a year, it emphasises simplicity and education.
While limited in global functionality, it offers dependable domestic services and expert advice to help startups build solid financial foundations.
Key features:
- Free banking for 12 months for eligible startups with a turnover of under £1 million
- Fast digital onboarding and online management through mobile and web platforms
- Access to business resources, including webinars, mentoring and NatWest Business Builder
- Debit card, UK payments and customer-service access for daily banking
Pros:
- No account fees during the first year
- Excellent support network and learning resources
- Trusted UK banking brand
Cons:
- Domestic-only focus with limited international tools
- Fees apply after the introductory period
Best for:
Early-stage UK startups trading for less than 12 months and looking for free, reliable domestic banking.
Pricing highlights:
- Free for two years for eligible startups
9. Wise Business
Wise Business specialises in affordable international money management. Unlike full-service banks, Wise focuses solely on currency efficiency and transparency. It’s ideal for UK startups that work with overseas clients or suppliers and need to keep FX costs under control.
Key features:
- Hold balances in 40 or more currencies and get local bank details in nine of them, including GBP, EUR, USD and AUD
- Send and receive international payments using the live exchange rate with low, fixed fees
- Integrate with Xero and QuickBooks for automated bookkeeping
- Batch payments and business debit cards streamline operations and team spending
Pros:
- Transparent, low-cost FX and transfer fees
- Quick setup and straightforward international transfers
- Ideal companion to a primary UK account
Cons:
- Not a complete UK bank account with lending or FSCS protection
- Limited domestic banking features
Best for:
Startups that manage frequent international payments and want low-cost, transparent FX without opening multiple accounts abroad.
Pricing highlights:
- Free to open with no monthly fee
- Currency conversions are typically 0.33–0.5%, depending on the route
10. Barclays Business
Barclays Business Banking offers a comprehensive service backed by one of the UK’s oldest financial institutions. The account supports startups expecting strong growth or needing access to complex financial products such as loans, trade finance or international payments.
Although more traditional in structure, Barclays provides depth, stability and a wide range of professional support unavailable from many digital-only providers.
Key features:
- Free banking for 12 months for new business customers, helping startups save during the launch phase
- International payments to more than 90 countries and optional foreign currency accounts
- Access to Barclays Eagle Labs, offering mentorship and networking opportunities
- A broad range of additional services, including merchant accounts, business loans and overdrafts
Pros:
- Trusted legacy bank with broad infrastructure and global reach
- Extensive product range and adviser access
- Ideal for startups planning rapid expansion or complex financing
Cons:
- Higher cost structure after the free period
- Less agile onboarding compared with digital-first providers
Best for:
Startups that expect to grow quickly require access to financing or international trade support and prefer traditional banking relationships.
Pricing highlights:
- Free for 12 months, then £8.50 per month
- International transfers £4-£12 plus FX spread and possible USD cover charge
Why WorldFirst leads among the best business bank accounts for startups in the UK
This comparison shows how far business banking has progressed. Startups today have more choice than ever, from agile digital platforms to trusted high-street banks. Each offers different advantages in cost, speed and service quality.
For founders aiming to grow beyond the UK and looking for the best business bank accounts for startups, WorldFirst stands out.. It provides the tools, reach and transparency that modern companies need to trade confidently across borders.
What makes WorldFirst stand out:
- Global reach: Open local accounts in more than 20 currencies and send payments to over 200 countries from one secure platform
- Regulatory trust: Authorised by the UK Financial Conduct Authority (FCA) and backed by strict safeguarding standards
- Transparent FX: Competitive, margins capped at 0.5 percent on major currencies
- Proven results: Over one million businesses have processed more than US$300 billion through WorldFirst
- Smart tools: Use forward contracts, rate alerts and the World Card for zero FX fees on major currencies
For UK startups looking to expand globally, WorldFirst represents what the best business bank accounts for startups in the UK should deliver: efficiency, trust and global capability.
Open your World Account for free today and start managing your startup’s money worldwide with clarity and ease.
- https://www.ukfinance.org.uk
- https://register.fca.org.uk
- https://www.ons.gov.uk/businessindustryandtrade
- https://www.nerdwallet.com/uk/business-bank-accounts
- https://www.money.co.uk/business/bank-accounts
- https://www.which.co.uk
- https://www.worldfirst.com/uk/business-account
- https://www.starlingbank.com/business-account
- https://www.tide.co/business-account
- https://www.revolut.com/business/business-account
- https://monzo.com/business
- https://www.hsbc.co.uk/business-accounts/products/kinetic
- https://www.lloydsbank.com/business/business-accounts.html
- https://www.natwest.com/business/bank-accounts/start-up-bank-account.htm
- https://wise.com/gb/business
- https://www.barclays.co.uk/business-banking/accounts/start-up-business-account
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