Barclays is one of the largest banks in the United Kingdom, offering business current accounts, cards, lending, and cash handling through branches and digital banking. New businesses get no monthly account fee for the first 12 months. As of 11 October 2026.
- Who it suits
- United Kingdom based businesses that want a full service bank with branches, cash handling, lending, and relationship support, rather than an online only account.
- Broadly available in
- The United Kingdom. Accounts are for United Kingdom based businesses. As of 11 October 2026.
- Headline monthly fee
- No monthly account fee for the first 12 months for new businesses, then 8.50 pounds a month, plus transaction charges by price plan. As of 11 October 2026.
- Account type
- Business current account at a licensed United Kingdom bank, FSCS protected. Barclays is a bank.
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Overview
Barclays provides the Business Current Account along with cards, lending, payments, and cash handling to businesses across the United Kingdom. It is a licensed United Kingdom bank, and eligible deposits are protected by the Financial Services Compensation Scheme up to 120,000 pounds per eligible depositor. New businesses get no monthly account fee for the first 12 months, after which a standard monthly fee applies, with transaction charges set by the price plan you choose. Eligible charities and community organisations can use a Charity Impact Account, which has no fees. As of 11 October 2026.
Strengths
A branch network with cash handling, a full range of business lending and cards, relationship and sector support, strong digital and accounting tools, FSCS protected deposits, and an introductory period with no monthly account fee for new businesses. As of 11 October 2026.
Limitations
There is no permanently free account for commercial businesses, so a monthly fee and transaction charges apply after the introductory period. The accounts are for United Kingdom based businesses, and online only competitors may price international payments lower. Verify current terms with Barclays.
Fees and features
| Monthly fee | No monthly account fee for the first 12 months for new businesses, then 8.50 pounds a month. Businesses that already hold a Barclays business current account are not eligible for the free period. Eligible charities can use a Charity Impact Account, which has no fees. As of 11 October 2026. |
|---|---|
| Transaction fees | Faster Payments, Direct Debits, standing orders, debit card payments and cash withdrawals are free. Cash paid in at the Post Office or a self service device, cheques paid in and cheques written cost 60 pence each. As of 11 October 2026. Verify the current tariff with Barclays. |
| FX fees | International payments and foreign currency transactions carry fees that vary by route and currency. Barclays does not publish a single headline rate, so check the current tariff with Barclays. |
| Minimum deposit | No set minimum opening deposit is published for the standard Business Current Account. As of 11 October 2026. Verify with Barclays. |
| Multi currency | The Business Current Account is pound based. A separate Foreign Currency Account is available. As of 11 October 2026. Verify with Barclays. |
| Integrations | Online and mobile banking, cards, payments, and cash handling. Business current account holders get Sage Accounting free for 12 months, then at 50 percent off. |
| Eligibility | Businesses based in the United Kingdom, including sole traders, partnerships, limited companies, and startups, subject to checks. At least one person on the application must be a UK resident. As of 11 October 2026. Verify eligibility with Barclays. |
Open a Barclays business account
Barclays serves United Kingdom based businesses. Fees and eligibility shown as of 11 October 2026. Confirm current terms with the provider before applying.
Visit Barclays → Commission link: we may earn a fee if you open an account through it. It does not change what we publish or how we rank providers.Barclays Business by country
Barclays business current accounts are for United Kingdom based businesses. The country page below explains availability and fees, as of 11 October 2026.
Questions about Barclays Business
Is Barclays a bank?
Does the Barclays Business Current Account charge a monthly fee?
Who can open a Barclays business account?
Is there free banking for new businesses at Barclays?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 11 October 2026. Confirm current terms with Barclays before applying.