Business bank account recommendations

amyjay

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Looking for free business account recommendations.

I set up monzo business and only realised after that they don't have an IBAN number so can't accept international payments and all my earnings are international.

Bank of Scotland (who I bank with), charge £7 a month.

Any recommendations for free business accounts?
 

Jon

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Looking for free business account recommendations.

I set up monzo business and only realised after that they don't have an IBAN number so can't accept international payments and all my earnings are international.

Bank of Scotland (who I bank with), charge £7 a month.

Any recommendations for free business accounts?
Santander and HSBC have always been fine for me (and offer Iban) - everything is done online these days so you should be able to set one up from the comfort of your home!
 
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Rs20033

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I love my Starling business bank account. Really easy to set up through the app. I've just checked and the account does have an IBAN.
 
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amyjay

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I love my Starling business bank account. Really easy to set up through the app. I've just checked and the account does have an IBAN.
Just had a look and starling looks good.

Can you have separate pots on starling so that I can separate out my tax money?

The pots feature is something I love on monzo, I have about 10 pots on my personal monzo but disappointed that they didnt have an IBAN.
 

Rs20033

Money Making Megastar!
Joined
Dec 14, 2015
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Location
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Just had a look and starling looks good.

Can you have separate pots on starling so that I can separate out my tax money?

The pots feature is something I love on monzo, I have about 10 pots on my personal monzo but disappointed that they didnt have an IBAN.
Yes, you can create different pots. They are called "spaces" on Starling. It is a great feature because you can't accidentally spend the money when it's in a pot!

If you do go for Starling, just in case you can't find your IBAN, if you just view a bank statement it's on there. You can view a statement as soon as you open the account - you don't need to wait for a monthly statement.
 
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