Both the Startup and Business accounts offer the following perks: Visa Debit Card, 24/7 Online Banking, Mobile Banking App, and Everyday Support. On top of that, NatWest pride themselves with easy cashflow management, discount on DHL express, receipt management, and free accounting software! You can also manage all your accounts, loans, and credit cards, among others through their Service Hub.
Top 5 - NatWest
Top 4 - Lloyds Bank
Lloyds Bank offers three business account types with the following turnovers: 1) £0-3M, 2) £3M-5M, and 3) £25M+. What’s great about Lloyds Bank is that new account holders are entitled to 18 months free banking services. This includes no monthly account fee, electronic payments, and cheques and cash withdrawals/deposits.
Top 3 - Starling Bank
Top 2 - Santander
Top 1 - Barclays
It seems that for clients who wish to save monthly and other fees and are comfortable with almost 100% online banking, Starling Bank is the best bet. Meanwhile, if clients wish to have the best of both worlds (online and over-the-counter banking) yet stay in control of their banking transactions and finances, Barclays could be the most suitable option.
There are other banks which few of our members considered and are worth noting:
- Clydesdale Bank
- Revolut Business
In choosing the perfect bank for you, consider your NEEDS first, and not the perks of the banks. It may help to do more research and to contact other business owners who are in the same standing with you to discuss options.
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