Best Business Bank Account

In our opinion, the best business bank account is one which has no fees, no catches and is provided by a secure bank. Therefore it is worth looking at the fee-free business bank account from Alliance and Leicester, who are now owned by the global banking giant Santander.

Unlike Sole Traders, all Limited Companies and Partnerships must have a business bank account. As tempting as it may seem to simply go with the same bank that manages your personal account, this decision could lead to you missing out on a certain type of benefit that your particular company would do well to receive.

Different charging structures for writing or paying in cheques/cash for example, may be an important factor on choosing the best business bank account to handle your transactions. 

Once you have found the best business bank account, it is relatively straightforward these days to get the account setup or switched if you already have a business bank account elsewhere.

Particularly important considerations when deciding on the best business bank account for your business include:

• Bank charges
• Opening hours
• Telephone and online banking facilities
• Interest rates and savings options
• Borrowing facilities
• Merchant services
• Introductory offers

Below are some of the benefits that you might find offered to you when you take a new account (Tip: always remember to read the small print and research thoroughly before deciding which is the best business bank account to opt for):

• Travel accident cover
• Card misuse insurance
• Purchase protection
• Extended warranty
• Fraud protection
• Discounts and special deals from other companies.