Provider profileLast checked 8 November 2026
Barclays Business Bank Account
A high-street business current account for sole traders, limited companies and LLPs, with free UK electronic payments and card spending, and a monthly fee after the first year.
- Cheapest plan
- Free for 12 months, then £8.50 a month
- Available in
- UK
- Your money
- Bank · FSCS cover
What it is
Barclays Bank UK PLC, authorised by the PRA and regulated by the FCA and PRA (Financial Services Register No. 759676).
How your money is protected
Eligible deposits are protected up to £120,000 per depositor by the FSCS. Deposits with Barclays, Barclays Business Banking, Barclays Premier Banking, Barclays Wealth Management and Tesco Bank are added together for that limit.
Our e-money vs bank account guide explains what this means if a provider fails.
Who can open one
Sole traders, limited companies and LLPs. Applicants must be 18 or over, and at least one person on the application must be a UK resident. The 12-month free offer isn't open to businesses that already have a Barclays business current account.
Headline fees
| Fee | Detail |
|---|---|
| Monthly fee | Free for the first 12 months, then £8.50 |
| Faster Payments, Direct Debits, standing orders and debit card payments | Free |
| Cash out at a cash machine, Post Office or self-service device | Free |
| Cash in at a cash machine, Post Office, Barclays Collect or self-service device | 60p per £100 |
| Cheques in (app or self-service device) and cheques out | 60p each |
| Cash in or out at the counter | £1.20 per £100; assisted electronic payments £1.50 each |
| CHAPS | £15 in Online Banking, £25 in branch or by phone |
| International payments (BIPS) | £15 in the app or Online Banking, £25 assisted; SEPA £0.35 |
| Debit card payments and cash in a foreign currency | 2.75% |
Limits worth knowing
- The tariff PDF (March 2026) charges cash paid in at 60p per £100; the account page lists the same item as 60p each.
- Currency conversion on payments costs no more than 2% on top of the Barclays Reference Exchange Rate.
- Unarranged overdrafts are charged interest at 29.5% a year.
How it compares
- Incard vs BarclaysFees, cashback, foreign currency, protection and eligibility side by side.
- Barclays alternativesAccounts to look at if Barclays doesn't cover what you need.
Barclays against other accounts
- Barclays vs Revolut Business
- Barclays vs Starling
- Barclays vs Tide
- Barclays vs Monzo Business
- Barclays vs ANNA
- Barclays vs Wise Business
- Barclays vs Airwallex
- Barclays vs HSBC
- Barclays vs Mettle
- Barclays vs Allica Bank
- Barclays vs Zempler Bank
- Barclays vs Countingup
- Barclays vs Lloyds
- Barclays vs NatWest
- Barclays vs Santander
See all the accounts we've researched.
Our pick for card spendIncard: 1% cashback on ads, software and travel, on a £0 plan
Our pick for UK and Swiss businesses whose main costs go on cards, as long as you don't need bank deposit protection.
Read Incard vs Barclays BusinessWork out your cashbackCheck eligibility
We may earn a commission if you apply.
- a month on the Free plan, with team cards
- £0
- cashback on ads, software and travel; 0.5% on other eligible spend
- 1%
- IBANs in three currencies
- GBP, EUR, USD
Check Barclays Business Bank Account's current terms
Fees and eligibility can change. Confirm them on the provider's own site before you apply.
Sources
All checked on 8 November 2026. Where a provider's help centre or legal terms differ from its marketing pages, we follow the help centre and terms.