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13 products

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    • Best All-Rounder
      Virgin Money logo

      Virgin Money M Account for Business

      • Monthly Fee
        Free
      • UK Bank Transfers
        Free
      • Overdraft
      • Access
        App, Branch & Online
    • Best All-Rounder
      Virgin Money logo

      Virgin Money Business Current Account

      • Monthly Fee
        25 months free, £6.50 thereafter
      • UK Bank Transfers
        Free for 25 months
      • Overdraft
      • Access
        App, Branch & Online
    • 1 more from Virgin Money
    • Best For Branch Banking
      HSBC logo

      HSBC Small Business Banking Account

      • Monthly Fee
        Free
      • UK Bank Transfers
        Free payments online, direct debits & internal transfers
      • Overdraft
      • Access
        App, Branch & Online
    • Get £100 cashback when you open a Tide business bank account + 12 months free bank transfers
      Tide logo

      Tide Business Bank Account

      • Monthly Fee
        Free
      • UK Bank Transfers
        Free
      • Overdraft
      • Access
        App & Online
      Get £100 cashback when you open a Tide business bank account + 12 months free bank transfers Complete the application and spend £1,000 within 60 days of opening an account to receive £100 cashback. Enter code BCA100 when you sign up. You’ll also get free bank transfers for 12 months when you sign up via NerdWallet. T&Cs apply
      Copy offer code
    • Wallester Business logo

      Wallester Business Free Account

      • Monthly Fee
        Free
      • UK Bank Transfers
        Free
      • Overdraft
      • Access
        App & Online
    • Get $100 bonus and up to 1.2% cashback*
      WorldFirst logo

      WorldFirst Business Account

      • Monthly Fee
        Free
      • UK Bank Transfers
        Free
      • Overdraft
      • Access
        App & Online
      Get $100 bonus and up to 1.2% cashback* *FX fee discount for USD payments to China. Earn up to 1.2% cashback each month based on total card spend, credited in GBP the following month. Get a USD100 sign-up bonus when you collect or send at least USD1,000 within 60 days of registering. Offer ends 31 March 2026. T&Cs apply.
    • Best Business Support
      Barclays logo

      Barclays Business Bank Account (<£400k turnover)

      • Monthly Fee
        12 months free, £8.50 thereafter
      • UK Bank Transfers
        Free
      • Overdraft
      • Access
        App, Branch & Online
    • Best Business Support
      Barclays logo

      Barclays Start-up Business Bank Account

      • Monthly Fee
        12 months free, £8.50 thereafter
      • UK Bank Transfers
        Free
      • Overdraft
      • Access
        App, Branch & Online
    • Best Business Support
      Barclays logo

      Barclays Business Bank Account (£400k+ turnover)

      • Monthly Fee
        12 months free, £8.50 thereafter
      • UK Bank Transfers
        Free
      • Overdraft
      • Access
        App, Branch & Online
    • 2 more from Barclays
    • Free banking on everyday transactions for the first 2 years*
      No Monthly Fees for 2 Years
      NatWest logo

      NatWest Start-up Business Bank Account

      • Monthly Fee
        Free
      • UK Bank Transfers
        Free for 2 years, fees apply thereafter
      • Overdraft
      • Access
        App, Branch & Online
      Free banking on everyday transactions for the first 2 years* *Available for businesses trading for <1 year with a turnover of <£1m that are registered for income or corporation tax in the UK. Other fees & charges may apply. Standard Tariff applies after the free banking period. To apply you must be 18+, owner or director of the business and can’t have been declared bankrupt or received a County Court Judgement or Court Decree.
    • Get up to £200 welcome bonus*
      Best for Ethical Banking
      The Co-operative Bank logo

      The Co-operative Bank Business Bank Account

      • Monthly Fee
        Free
      • UK Bank Transfers
        Free
      • Overdraft
      • Access
        App, Branch & Online
      Get up to £200 welcome bonus* *Get up to £200 when you open a business bank account and a savings account. Offer applies to new Co-operative Bank customers. Min. balance and transactional criteria applies for the first 3 months. Subject to status, eligibility and T&Cs apply.
    • Get up to £200 welcome bonus*
      Best for ethical banking
      The Co-operative Bank logo

      The Co-operative Bank Business Bank Account Plus

      • Monthly Fee
        £10
      • UK Bank Transfers
        Free
      • Overdraft
      • Access
        App, Branch & Online
      Get up to £200 welcome bonus* *Get up to £200 when you open a business bank account and a savings account. Offer applies to new Co-operative Bank customers. Min. balance and transactional criteria applies for the first 3 months. Subject to status, eligibility and T&Cs apply.
    • 1 more from The Co-operative Bank
    • Monzo logo

      Monzo Business Lite Account

      • Monthly Fee
        Free
      • UK Bank Transfers
        Free
      • Overdraft
      • Access
        App & Online

Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. Use the sorting options at the top of the comparison table to order by other criteria.

Learn about sole trader business bank accounts

Last updated on 01 September 2025.

Jump to a topic:

What is a sole trader bank account?

A sole trader bank account is a business account for sole traders. If you are a freelancer or self-employed – meaning you’re solely responsible for your business’s success, and haven’t set up a limited company for your work – then you’re a sole trader. This means you could benefit from a sole trader bank account.

Many banking providers allow sole traders to open standard business bank accounts, which offer features such as:

  • first (bank transfers)
  • cash deposits
  • overdraft facilities
  • accounting software integration
  • dedicated help and support

But some banks may also offer accounts specifically designed for sole traders, with helpful tools if you’re going it alone, including bookkeeping services and automatic invoice creation.

You can open a sole trader business bank account with a high street bank, or through online-only challenger banks and app-based platforms that offer business current accounts.

Whether you are a sole trader or a limited company, our Nerds have provided information and reviews of business banking providers in order to help you understand some of the key factors to consider when choosing an account that suits your business needs. See our business bank account page to learn more about how to choose a business bank account, as well as features, types, charges and more.