The offer of a free business current account may be a very attractive prospect for customers who wish to set up a bank account for business transactions. Generally speaking, a free account will mean that account holders will not be charged interest for transactions.
A current account may be used for a variety of different day-today businesses transactions, with money constantly going in and out. As such, the interest rates on this type of account with generally be quite low, in fact it is not uncommon for banks to pay no interest whatsoever on this type of account.
It is worth remembering that most banks will begin to charge customers a rate of interest for these transactions after a certain period of time even if the agreement was initially free. However, there are some that offer completely free business current accounts in the right circumstances.
You and your business should carry out a comparison of current accounts so that you can be sure that you have got the best business current account deal possible and the table on this page should be a great starting point.