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How To Get Free Banking For Your Business

There's no need to pay when you can get free business banking from the major UK banks when you are starting a new business or switching from your existing bank.

Lloyds TSB Free Business Bank Account

Lloyds TSB offer new businesses fee free banking for 18 months and switchers 6 months - the easy online application enables you to open account within minutes. With the Lloyds account you get:


Barclays Business Bank Accounts

The Barclays business bank account is perfect for all types of businesses and offers completely free banking for small business customers. You can open this business account online and is recommended for both new and existing business owners.

Barclays have been running their fee free banking offer for many years now and this offer is available for new businesses and existing businesses wishing to switch their account.

(*) Notes for this account offer :
Available for individual(s) setting up the first business bank account for a business within its first 12 months of trading. There is no charge for standard transactions for 12 months with our standard Business Start-Up Package. There is no charge for standard transactions for 18 months if Business Essentials , Business Essentials Plus or Barclays Business Manager software are purchased at the time of opening the account. There is no charge for standard transactions for two years (Ts and Cs apply) if Business Essentials and CREDITFOCUS or Business Essentials Plus and CREDITFOCUS Pro are purchased at the time of opening the account. This applies to everyday Sterling debit and credit transactions and the maintenance fee. Please note accounts must be active. At the end of your free business banking period, we will automatically set your account to the Free Automated Transactions Tariff.

The Award Winning Santander Free Business Bank Account

The Santander business bank account has won numerous awards for its simplicity and that it offers completely fee free banking for small business start-up customers for the first 18 months of the account and the account can be opened online.

This account is highly recommended for new UK business start-ups. You get:

Existing personal Santander customers receive 18 months fee free banking - if you don't hold a personal current account you receive 12 months fee free banking.

Santander have been running their fee free banking offer for many years now. This account is the old Alliance and Leicester account which is now part of the massive Santander Group together with Abbey. This offer is available for new businesses and existing businesses wishing to switch their account.

Opening a business bank account is easy as you can do it online or via the telephone. The small business owner gets most benefits from these deals as there are no fees on the business current account and you'll get paid some interest on any credit balances.

Major Banks Summary

The other main banks also offer free banking but for a limited period and then after that will make various charges. See our business bank accounts comparison charts for more details on the charges after the free period comes to an end. The free period offered varies and is shown below for the four main high street banks.


Other Ways to get Free Banking

If you approach the banks direct you will get the offers as mentioned above but if you are a member of various business clubs and associations they will be able to offer a better deal. These are shown below:


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