You can now sign up for completely free business banking online and take advantage of financial offers available to UK companies. Some institutions also offer lower rates on mortgage and savings as well as extended overdraft facilities and introductory short term loans.
|Provider||Key Information||Start-ups||Switchers||More Details|
The above accounts can be opened directly online in minutes. You can also apply over the telephone if required. All accounts offer standard services such as overdrafts, standing orders, direct debits, cash deposits and savings accounts.
Use our online comparison charts to compare all charges and free banking periods from all the major providers.
(*) After the two year period you are placed on the free automated debit and credit tariff. Manual entries such as cash deposits in branch are charged for. All automated transactions such as standing orders are fee free.
If you are a high street shop and need to make regular cash deposits you'll want a bank with a branch network near you. Most of the major banks offer this service and some use the extensive Post Office branch system. You are able to deposit cash if you bank with Bank of Ireland, Barclays, Clydesdale Bank, Halifax, Lloyds TSB, Santander and the Cooperative Bank. You can also withdraw cash for those banks and with HSBC, Ulster Bank, RBS, Natwest, Nationwide and Bank of Scotland.
As all banks offer some form of free banking for 18 months which do you choose ? Some of the questions you may need to answer are :
If you are unsure it may be wise to opt for the longest free period (currently with Barclays). To check all accounts against the competition you can compare all accounts so you know what charges you can expect to pay and what's on offer.