Every business needs a bank account
To start trading, you’ll need a business bank account. Create your company with us and you’ll nab 12 months of free banking, plus £50 cashback.
Your Barclays start-up business account
Your new business will need its own bank account which will work a bit differently than a personal account. One thing you’ll notice are the charges. There’s usually a monthly fee as well as small charges for making and receiving payments. If you set up your company with us, you can get a Barclays business bank account with no charges for the first year and a bunch of other great benefits.
We’ll give you £50 cashback if you form a business and open a business bank account with us. (one £50 cashback per company).
12 Months Free*
Unlike personal banking, business banking comes at a cost. We’ll give you the first 12 months free.
After your first year, you’ll pay a small fee for your account. But the longer you stay, the more you get back.
Easy account management
Manage your account online, by phone, via the Barclays Mobile Banking app or in branch.
At the end of your free 12 months, you’ll have the choice of two straightforward price plans.
You’ll have your own dedicated business manager and access to Barclay’s over-the-phone experts too!
Get £50 cashback with any formation
Setting up an account with Barclays is quick and easy. Plus, you’ll get £50 cashback and it’s free for the first 12 months!
To claim your cashback email us at email@example.com. All we need is your company name, company number, Barclays business account number and sort code. To receive your cashback, you’ll need to have opened your Barclays Business account within 90 days of your company incorporation date and the email claim must be made within 90 days of the bank account opening date.
Making Banking simpler
Online, by phone, via the Barclays Mobile Banking app or in-branch.
Free text alerts
Text alerts when your balance is getting close to your limit.
Barclays Cloud It secure storage will protect your important documents.
Get paid instantly using just your mobile number with Barclays Pingit
You’re eligible for a Barclays Business Bank Account if:
You require an account for business use, are a sole trader, partner or director aged 18 or over.
What our customers think
- Everything you need, plus a few extras to make sure that your privacy is always protected.
Frequently asked questions
Who can open a Barclays start-up business account?
You can set up an account as long as it’s for your business. You’ll need to be a sole trader, partner or director, and aged over 18. You’ll get free banking for 12 months if you set up your company through LegalZoom.
What happens at the end of my first year?
At the end of your first free 12 months, you’ll have two options. The Mixed Payments Plan is great for businesses that use cash and cheques, while the e-Payments Plan is for businesses that are paid electronically and mainly make payments using online banking and debit cards.
What percentage of my charges will I get back with the loyalty reward scheme?
That depends on two things: how long you’ve banked with Barclays and your annual credit turnover. That’s the amount paid into your business account over the previous 12 months. If it’s less than £100,000, and you’ve banked with Barclays for less than five years, you’ll get 5% of your charges back. The longer you stay with Barclays, the higher the percentage you get back.