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Halifax Business Banking Review

Compare Halifax Business Bank Accounts – read our review and compare the features and benefits available from Halifax to find a Business Bank Account that suits your company.

Halifax Business Banking is operated by Bank of Scotland and both are part of Lloyds Banking Group plc. offering a comprehensive range of business banking products to help you manage your business finances effectively.

If your business turns over less than £1 million per year, Lloyds Group has some great business banking products for you. If this figure is more than £1 million, the corporate banking division also provides some great products and services to suit your business needs.

The Business Current Accounts offered can be managed over the phone, online or through your local branch providing an effective solution to managing your day-to-day spending.

Top 5 Business Banking products

Provider
Account
AER
Free Banking Duration
Interest Paid
Apply
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For start-ups opening their first account within 12 months of beginning trading. No charges for cash or cheque deposits and withdrawals, Direct Debits or other automated transactions.
N/A
for 25 months
N/A
For established small businesses switching to Yorkshire Bank from another provider. No charges for cash or cheque deposits and withdrawls, Direct Debits or other automated transactions
N/A
for 25 months
N/A
For start-ups opening their first account within 12 months of beginning trading. No charges for cash or cheque deposits and withdrawals, Direct Debits or other automated transactions.
N/A
for 25 months
N/A
For established small businesses switching to Clydesdale Bank from another provider. No charges for cash or cheque deposits and withdrawls, Direct Debits or other automated transactions
N/A
for 25 months
N/A
18 months FREE business banking (terms and conditions apply).
0%
for 18 months
N/A

Yorkshire Bank Small Business Start-up Account

Yorkshire Bank
  • For start-ups opening their first account within 12 months of beginning trading.
  • No charges for cash or cheque deposits and withdrawals, Direct Debits or other automated transactions.

Yorkshire Bank Established Business Switcher Account

Yorkshire Bank
  • For established small businesses switching to Yorkshire Bank from another provider.
  • No charges for cash or cheque deposits and withdrawls, Direct Debits or other automated transactions

Clydesdale Bank Small Business Start-up Account

Clydesdale Bank
  • For start-ups opening their first account within 12 months of beginning trading.
  • No charges for cash or cheque deposits and withdrawals, Direct Debits or other automated transactions.

Clydesdale Bank Established Business Switcher Account

Clydesdale Bank
  • For established small businesses switching to Yorkshire Bank from another provider.
  • No charges for cash or cheque deposits and withdrawls, Direct Debits or other automated transactions

Lloyds Bank Business - Start up Account

Lloyds Bank
  • - 18 months free day to day banking* for Start-ups followed by free electronic payments thereafter
  • - Manage your account via our market leading mobile app, online, over the phone or in branch
  • - Obtain offers on other business products and services including: business insurance and card terminals
  • - Help to run, manage and grow your business. Get free access to useful guides and reports, along with a 30 day free trial of our Business Toolbox with no obligation
  • - *Free day-to-day business banking includes electronic payments, cheques, cash, deposits and withdrawals. All we ask is that you operate your account in credit or within agreed limits.

Lloyds Bank Business - Switchers Account

Lloyds Bank
  • - 7 day switch guarantee service. Get 6 months free day to day banking* for Switchers followed by free electronic payments thereafter
  • - Manage your account via our market leading mobile app, online, over the phone or in branch
  • - Obtain offers on other business products and services including: business insurance and card terminals
  • - Help to run, manage and grow your business. Get free access to useful guides and reports, along with a 30 day free trial of our Business Toolbox with no obligation
  • - *Free day-to-day business banking includes electronic payments, cheques, cash, deposits and withdrawals. All we ask is that you operate your account in credit or within agreed limits.

Natwest Business Start-up Account

NatWest
  • ***Call NatWest on 0333 355 9427 to find out more***
  • Two years' free Business Banking* - Free Business Banking is available for Businesses which are less than 12 months old with an annual turnover not exceeding £1 million
  • Mentor Aware - help to manage your risks with our Employment Law and Health & Safety support tool
  • No annual fee on your Business Credit Card – apply for a NatWest Business Credit Card in the first six months of opening your account and we’ll waive the annual fee for your first year.
  • Free Start-up courses - help to get you started with our online courses
  • Free unlimited transactions – no matter how many deposits or withdrawals you make, as long as your business turnover is less than £1 million
  • £1 minimum balance – keep at least £1 in your account and you never need to worry about charges
  • Free Online, Telephone and Mobile banking – pay bills and make transfers 24 hours a day, seven days a week (available to all business current account holders)
  • Start your business with NatWest today!
  • * = Free banking means that the charges for the day to day running of your account (known as your 'service charge') will not apply during the free banking period. At the end of this period, you will automatically move to the Standard Tariff. Charges for "Additional Services" and "Unarranged Borrowing" are not part of the free banking offer. Free banking applies to businesses that started trading within the past twelve months with projected or existing annual turnover not exceeding £1 million.

Cashplus Business Current Account

CashPlus
  • Instant online application process
  • No paper forms or interview required
  • No credit check required to open an account
  • The low cost alternative to High Street Banks:
  • - Free to load up to £1,000 per month at the Post Office, a 0.25% fee will apply on loads over £1,000 per calendar month (At other retail outlets this will also have a £3 fee that will apply)
  • - Free to set up Direct Debits
  • - Free inbound bank transfers
  • - 3 Free outbound bank transfers per month - £0.99 per transfer thereafter
  • Comes with MasterCard Debit Card – no card transaction charges
  • Fees: £69 per year & £2 per ATM withdrawal
  • No hidden fees
  • No introductory free period – just constantly low pricing
  • Additional card & replacement up to £5.95
  • Direct Debit Rejected payment fee up to £15.00 (capped at £60.00 per month)

CardOne Banking Guaranteed Business Account

  • CardOneBanking offers the following:
  • Guaranteed Acceptance
  • Sortcode & Account Number
  • Pay money in at any Post Office or Barclays Branch
  • Create Standing Orders and Direct Debits with this account.
  • 24 hour account management by Phone, Text and Online Banking
  • Dedicated Account Manager
  • £55 OPENING FEE
  • NO OVERDRAFT FACILITY – No risk of going overdrawn
  • NO CREDIT CHECKS! – Guaranteed to be accepted, regardless of your past credit
  • YOU must be 18+ and UK resident
  • £12.50 monthly management fee
  • Charges to transfer or deposit funds:
  • £5 to £249 = £5
  • £250 to £499 = £8
  • £500 to £749 = £13
  • £750 to £999 = £20
  • £1000+ = £30