Best Business Bank Account?

[selinda]

Hi.

Finally took the plunge and decided to start my own business today...! I've been thinking about it for pretty much the last year and after another depressing day at work I've decided to take the plunge. I'm in the process of setting everything up and I'd like your views on the best FREE (or free-ish) bank account to go with. I won't have lots of transactions nor have the need for all the bells and whistles. I've read a few reviews and I've narrowed it down to Starling or Tide.

Any thoughts on Tide especially as I've found a code online (Referral code: FREE50) which gets you £50 free cash on sign up, free limited company formation which I think I will need and free transfers for a year which I probably won't! Is there much to choose between them? I'd rather put the £50 towards my business and I will save on my company formation too but if Tide are not very good and more hassle in the long run I will go with Starling? Also any thoughts on mettle or just a normal high street bank? If you use one of these how quick was it to setup?

I will have lots of other questions which I will post separately.

Thanks. Selinda.

 

[Tazz]

depending on what your business is, I would suggest while your just starting out to maybe go self employed? rather than register a limited company. not only is the tax side of things alot more complicated but if its just a start up a LTD company may come down the line but begin with being self employed.

As far as bank account goes, i have a personal account with starling and have found them great so far. I cant register for a business account with them for some reason, however i do believe you must have a personal account with them before getting a business account.

 

[Markss]

Hi.

Finally took the plunge and decided to start my own business today...! I've been thinking about it for pretty much the last year and after another depressing day at work I've decided to take the plunge. I'm in the process of setting everything up and I'd like your views on the best FREE (or free-ish) bank account to go with. I won't have lots of transactions nor have the need for all the bells and whistles. I've read a few reviews and I've narrowed it down to Starling or Tide.

Any thoughts on Tide especially as I've found a code online (Referral code: FREE50) which gets you £50 free cash on sign up, free limited company formation which I think I will need and free transfers for a year which I probably won't! Is there much to choose between them? I'd rather put the £50 towards my business and I will save on my company formation too but if Tide are not very good and more hassle in the long run I will go with Starling? Also any thoughts on mettle or just a normal high street bank? If you use one of these how quick was it to setup?

I will have lots of other questions which I will post separately.

Thanks. Selinda.

Hi I realise your post is a few months ago but wondered what bank you chose in the end? I am looking at Mettle. Also did you see an accountant or are you using quickbooks? Will be interested to see how it’s going.

 

[ProjektPrints]

I’ve just gone self employed too, and I’m a LtD company. Starling was who I chose but you do get charged a stupid fee to deposit cash so I’d suggest you do online transactions to start.

 

[Markss]

I’ve just gone self employed too, and I’m a LtD company. Starling was who I chose but you do get charged a stupid fee to deposit cash so I’d suggest you do online transactions to start.

I’ve gone with Mettle which offers everything free including free agent or zero software too. Worth you looking at.

 

[selinda]

Just to say I joined up with Tide in the end and it has been perfect so far. Was able to register in literally a few mins.

They have an offer running at the moment. If you enter referral code: FREE75 during the signup process you get the following:

1. FREE Ltd company formation (if required)
2. FREE £75 Cash credited to your account after you deposit £1
3. Free Banking and Bank transfers for 1 year.

Won't lie - it was the cash and FREE ltd company that swung it for me rather than any particular reviews as they were all pretty much same.... But I don't regret the choice I made!

 

[Markss]

The advantages of organizing business in the holding form can be conditionally divided into two groups.

Hi how does that respond to the OP

 

[TimW]

Tide, Mettle, Starling. Other suggestions? I am starting to sell some products exclusively online. I don't want to use a personal current account because changing accounts down the line could be a pia. I need to use just one account so that bookeeping remains simple so I need to pay suppliers and any allowable expenses. Do you get a debit card with a business account?

 

[TimW]

Tide has some really bad reviews on trustpilot!

 

[iMakeCalls]

Starling is very good. Was recommended them by another business owner.

 

[Business Upside]

The best small-business checking accounts have low or no fees, ATM accessibility and online or mobile banking tools. Interest-earning accounts and accounts with integrated business tools are also a plus. NerdWallet looked at some of the largest banks in the country and compared their business checking accounts.

 

[mr-matt]

Thanks for the information!

 

[Wigwam Tog]

Hi.

Finally took the plunge and decided to start my own business today...! I've been thinking about it for pretty much the last year and after another depressing day at work I've decided to take the plunge. I'm in the process of setting everything up and I'd like your views on the best FREE (or free-ish) bank account to go with. I won't have lots of transactions nor have the need for all the bells and whistles. I've read a few reviews and I've narrowed it down to Starling or Tide.

Any thoughts on Tide especially as I've found a code online (Referral code: FREE50) which gets you £50 free cash on sign up, free limited company formation which I think I will need and free transfers for a year which I probably won't! Is there much to choose between them? I'd rather put the £50 towards my business and I will save on my company formation too but if Tide are not very good and more hassle in the long run I will go with Starling? Also any thoughts on mettle or just a normal high street bank? If you use one of these how quick was it to setup?

I will have lots of other questions which I will post separately.

Thanks. Selinda.

I transferred from NatWest o Starling about a year ago and have had no problems. The app is easy to use and there are extra facilities if you need them.

Best wishes

Tog

 

[Ziporal Mothis]

I'd go with Starling as it's free, has fewer restrictions and lots of good reviews. High street accounts are also good, although they usually come with fees. Setup should be quite quick.

 

[Okdar]

Hi I realise your post is a few months ago but wondered what bank you chose in the end?