Many banks and building societies now offer free business banking, allowing companies to manage their finances with ease. Some providers will offer free business banking for a limited amount of time, and charge after the introductory period, and others will offer free business banking for the basics, but charge a little bit extra for things like advice and training.
You could expect the following features to be included in a business banking service:
- No minimum balance required
- No transaction charges
- Online and telephone banking
- Help centres with advisers to help with daily transactions and payroll
- Legal; and tax advice
Compare providers to find the best free business banking account for you and your business.