Here at Countingup we provide thousands of small businesses in the UK with a business current account.
Because folks know we’re providing something unique and re-inventing the business current account to include accounting features, they sometimes ask us who are the other UK business bank accounts. We’re never ones to shy away from being blatantly honest with respect to competition, and we want our customers to be as informed as possible.
Here is a list of some of the companies that have a solid business banking app (each, like Countingup, has processed payments totalling more than £500m and have more than 500 Trustpilot reviews).
At its launch in 2010 Metro Bank was the first new high street bank to launch in the United Kingdom in over 150 years.
Our list is dominated by new business banking entrants but when it comes to the traditional high street banks we’d put Barclays ahead of RBS, Lloyds or HSBC.
Starling is a mobile-only challenger bank that provides both personal and business bank accounts.
Monzo is another digital, mobile-only bank based in the United Kingdom. Originally operating through a mobile app and a prepaid debit card, in April 2017 their UK banking licence restrictions were lifted.
Founded in 2015, Tide was one of the first fintech challenger banks for businesses to emerge in the UK. It’s not a bank but does provide a business current account.
So there are 5 companies to consider if you’re planning to open a new business bank account in the UK.
While you’re here you may like to take a look at some of these great resources:
Finally, we thought you’d like to know that the Countingup business current account does your books. It automates the bookkeeping and lets you create invoices and bills. You can also see how profitable your business is.
To find out more visit Countingup.