Guide

Choose and manage a business bank account

Introduction

A good relationship with your bank is essential to the success of your business. You need to spend time choosing the right account and manage it effectively.

The services offered by banks differ greatly and so do the fees they charge. Some banks have special business account teams and can offer special deals to new businesses, or useful start-up information.

Banks offer a range of competitive business account packages allowing you to negotiate or switch for a better deal.

All retail deposit-takers in the UK must comply with the Financial Conduct Authority's (FCA) Banking Conduct Regime.

This guide looks at choosing a business bank account and online banking for businesses. It also highlights the advantages of having a business bank account.