Telephone iconCall UsTelephone icon0333 0146 683
Our opening hours
Chevron left icon
Knowledge centre

Moneyfacts reveals UK's best small business bank accounts in annual report

1-minute read

Josh Hall

2 June 2017

Facebook iconTwitter iconLinkedIn icon

Financial comparison site Moneyfacts has announced its annual rankings for UK business accounts, with Bank of Ireland, Barclays, and Metro Bank amongst the big winners.

The list looks at all aspects of the business current accounts on the market, and assigns star ratings according to “flexibility, accessibility, and ongoing quality.”

High flyers

Amongst those awarded the full five stars were three separate Bank of Ireland accounts, the Barclays Start Up account, and two offerings from Clydesdale.

Further down the rankings, Bank of Scotland, Caf, and Carter Allen were awarded four stars.

Moneyfacts also looked at community business accounts, awarding Bank of Scotland, Barclays, Clydesdale, and Danske five stars for their offerings.

Challengers absent

Absent from the rankings were any of the recently launched app-based bank accounts such as Tide and Coconut.

In recent months, a new wave of online challengers have entered the market. Simply Business recently rounded up the best challenger banks for small businesses.

Introducing the Moneyfacts rankings, the group’s business editor Lee Tillcock said: “A business current account remains an important cornerstone for any commercial enterprise and the sector continues to see providers innovate and evolve in order to meet the needs of businesses of all sizes.

"Given the impressive range of features offered to meet the needs of modern day businesses, there are plenty of options to consider - something that the sector and regulator are clearly keen to promote.”

Is your business insured?

We have 600,000 UK policies plus a 9/10 satisfaction score. Why not take a look at our expert business insurance options - including public liability insurance and professional indemnity - and run a quick quote to get started?

Start your quote

We create this content for general information purposes and it should not be taken as advice. Always take professional advice. Read our full disclaimer

Find this article useful? Spread the word.

Facebook icon
Share
Twitter icon
Tweet
LinkedIn icon
Post

People also liked

9 November 20163-minute read

Why do I need a business bank account?

Reviewed for 2018 Whether you’re legally obliged to have a business bank account depends on your business structure, but having a business…

Read more

Keep up to date with Simply Business. Subscribe to our monthly newsletter and follow us on social media.

Subscribe to our newsletter

Categories

Popular articlesBusiness resources from FarillioGeneral businessGuestInsuranceLandlordLandlord resources from FarillioLegal and financeMarketingNewsOpinionProperty maintenanceTradesmanCovid-19

Address

6th Floor99 Gresham StreetLondonEC2V 7NG

Sol House29 St Katherine's StreetNorthamptonNN1 2QZ

© Copyright 2020 Simply Business. All Rights Reserved. Simply Business is a trading name of Xbridge Limited which is authorised and regulated by the Financial Conduct Authority (Financial Services Registration No: 313348). Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG.