Business Bank Accounts for Small Businesses

Choosing the Right Business Bank Account

While the easiest option may be to open a business account with your personal banking provider, it’s worth remembering that not all banks offer the same benefits, features, or fee structures for business customers.

Finding the right business bank account can save you both time and money. The last thing you want is to pay for services you don’t need — or incur unnecessary fees that could easily be avoided by choosing a different provider.

Once you’ve set up your account, it’s good practice to review it regularly. As your business grows, your banking needs may change. Periodically comparing providers based on the features that matter most to your business will help ensure you continue to get the best possible value and service.

How can Rawcliffe & Co help?

If you have any questions about setting up your business bank account, please get in touch and we will be happy to talk through your options.

Here at Rawcliffe & Co, we have partnered with Mettle. Mettle is the free business bank account by NatWest that gives people the financial confidence to turn their passion into opportunity. It’s built for contractors, freelancers and small businesses.

You can apply for an account in minutes and connect to accounting software to help keep track of your books – all from your phone or desktop. The account comes with a UK account number and sort code and funds up to £85,000 are protected by the FSCS.

You can find out more information here and on Mettle’s YouTube channel.

Click on the button below to apply for a Mettle account today.

The Mettle bank account, provided by National Westminster Bank plc trading as Mettle, is protected by the Financial Services Compensation Scheme (FSCS). This means that eligible deposits are protected up to £85,000. For more information visit FSCS.org.uk

The exact business account solution that you will require will vary based on your own individual circumstances. Whilst Rawcliffe & Co have partnered with Mettle, such partnership should not be deemed as either confirmation or a recommendation that Mettle is the best option for you. You are recommended to carry out your own research before opening any account including the risks associated. Please note that Rawcliffe & Co may receive a referral fee should you decide to open a Mettle account.

What to Consider When Opening a Business Bank Account

When applying for a business bank account, there are a few important things to keep in mind.

Most traditional banks will require you to undergo identity and business verification checks. You’ll typically need to provide several documents, including:

• Certificate of Incorporation

• Memorandum and Articles of Association

• Details of any shareholders

• Proof of identity (e.g. passport)

These checks are standard to ensure regulatory compliance and confirm the legitimacy of your business.

Opening a Business Account with Mettle

Mettle offers a more streamlined experience. To open a Mettle business account, you’ll only need one of the following valid forms of identification:

• A valid passport

• An EU national identity card

• A full or provisional UK driving licence (photocard)

• A UK biometric residence permit (BRP)

This simplified process can help you get started more quickly and easily — ideal for sole traders and small business owners looking to save time.