What do you get with a Barclays business account?
Business customers with Barclays gain access to a range of exclusive benefits and features that make business banking seamless and hassle-free. These features include:
- 12 months of free banking and a guarantee of the best banking fees after that period
- Reduced charges the longer you bank with Barclays
- Complete banking support for your business
- Instant payments
Do you have to pay for a Barclays business account?
There are no charges for the first year of your Barclays business account.
Following your first year, charges will apply, which are minor (currently £8.50 per month). Barclays will inform you before the commencement of charges and will offer you the lowest banking fees available.
Which bank is easy to open a business account in the UK?
Most UK bank accounts are generally easy to set up, but the ease of opening an account depends on the size and type of your business, your location and the bank’s policies.
Some banks in the UK are known for being easy to use, including Cardone, ANNA and Cashplus. If you’re considering opening a business account, it’s essential to carefully research your options to find the best choice for your company.
Learn more about your business bank account options.
Which bank is best for a business account in the UK?
Barclays Bank UK PLC is one of the best-respected banking institutions worldwide and an excellent choice for a business bank account.
But Barclays is not your only business banking option, and the best business account for your company will depend on your company’s needs.
Learn more about finding the best business account for your new company.
Can I keep my business bank account if I close my business?
Generally, if you close your business, you’ll also need to close your business bank account. This is because personal and business credit and debit cards and accounts are separate, and your business account is tied to your business which is a separate legal entity.
However, some banks may allow you to keep your account open for a short time following the dissolution of your company to let you make any final transactions or payments. Before closing your business, you should check your bank’s policy.
How long does it take to open a Barclays business account?
The length of time it takes to open a Barclays startup business account varies depending on the specifics of your business. Generally, it takes 3-5 business days to set up an account.
When you set up a Barclays account through Mint Formations, we’ll keep you informed of your progress throughout the process, and we’re always available to answer any questions you may have.
