Simple business banking for new companies
To start trading, you’ll need a business bank account. Create your company through us and you’ll nab 12 months of free banking, plus £50 cashback.
A Barclays start-up business account includes
Your new business will need its own bank account. It’ll work a bit differently than your 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 LegalZoom you can get a Barclays business bank account with no charges for the first year.
One year, free
Unlike personal banking, business banking comes at a cost. We’ll give you the first 12 months of banking, free.
When you create your company through us, we’ll give you £50 cashback if you open a business bank account at the same time.
Access online or in branch
You’ll be able to manage your account online, by phone, via the Barclays Mobile Banking app or in branch.
Every new business needs support. With a Barclays account, you’ll have your own business manager who can offer expert guidance.
After your first free year, you’ll pay a small fee for your account. But you’ll be able to earn some of it back. The longer you stay, the more it will be.
Keep track of your company’s spending. Barclays’ free text alerts will let you know when your balance is getting close to its limit.
No Frills £8.99
The basic way to register a company with Companies House.
The Extras £19.99
See our company formation package designed especially for contractors
Tax Ready £34.99
Set up a company that’s ready to start trading.
Peace of Mind £99.99
The complete secretarial and compliance package to set up your company.
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.