Fastest business bank accounts

Last updated on 10 August 2023

It’s no surprise that managing the finances of a busy business can be a time-consuming and complex task. But when you’re looking to set up the fastest business bank account, it doesn’t have to be stressful.

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In partnership with Tide

Co-Op Business Banking
✓ Business Current Account
✓ Online, App & High Street Banking
✓ Quick & Easy Application Process

HSBC Business Banking
✓ Business Current Account
✓ In-Branch, Online & App Banking
✓ FSCS Protected

Metro Business Banking
✓ Business Current Account
✓ High Street Presence
✓ FSCS Protected

Mettle Business Banking
✓ Business Bank Account
✓ Online & App
✓ Quick & Easy Application Process

Monzo Business Banking
✓ Business Current Account
✓ Dedicated mobile app experience
✓ FSCS Protected

Tide Business Bank Accounts
✓ Free, Plus, or Pro Account
✓ iOS & Android Mobile App
✓ Upload & Auto-Match Receipts

Virgin Money
✓ Business M Account
✓ In-Store, Online & App Banking
✓ Insights & Forecasting Platform

In fact, there are some accounts available today which offer quick and easy setup processes. We’ve done the hard work for you – in this article we’re bringing you our pick of the fastest UK business bank accounts to open so that you can get back to doing what matters: running your business!

Video: Getting started with business bank accounts

Quickest-to-open business bank accounts UK

BankFree account option?Overdraft available?Speed

Acorn Account for Business

NoYes24 hours


NoNoLess than 3 minutes


NoNo5 minutes


YesNo“in minutes”


YesNo10 minutes – 1 day

Starling Bank

YesYesWithin 1 day


YesNo10 minutes – 2 days
Fast business bank accounts compared

How long does it take to open a business bank account?

The amount of time it takes to open a business bank account varies depending on the provider and the type of account you are opening. Generally, however, it can take between 1-2 weeks for your application to be processed.

It may also take additional time if there is an onboarding process required or any documents that need to be reviewed or submitted. The best way to find out how long it will take to open an account is by speaking to the bank directly and asking them about their specific process.

It may also be possible to open a business bank account online in as little as a few minutes to 24 hours, depending on the provider you choose. This can be a good option for businesses that are in a rush and need to set up their account quickly.

Which UK banks allow you to open a business account the fastest?

The UK banking sector is highly competitive, and many banks offer a range of accounts designed to help businesses manage their finances. Many of these accounts can be opened quickly and without any complicated paperwork or processes.

For example, Santander offers a Business Current Account which can be opened in just 10 minutes online. It provides access to financial services such as international payments, invoicing and mobile banking.

Starling Bank offers a Business Account which can be set up in minutes via its app. It is designed for businesses of all sizes, with low monthly fees and the ability to accept card payments online or in-store.

Metro Bank also offers a business current account which can be opened with ID verification in around 15 minutes. It allows businesses to make payments and transfers, as well as access funds through an ATM card.

Finally, NatWest has a business current account which can be opened online or via a branch visit in less than 20 minutes. It offers access to services such as flexible payment options.

What is the quickest way to open a business bank account?

The quickest way to open a business bank account is typically by going through an online process.

Many banks offer an online signup that only requires a few pieces of personal and business information, making it possible to open the account quickly and without much paperwork or hassle.

Additionally, some banks allow customers to open accounts on their mobile app with just a few clicks, making it even easier to open a business bank account quickly.

It is important to note that opening an online business bank account may require more verification processes than traditional in-person accounts, such as providing photo identification or proof of address. Be sure to read through all the requirements before signing up for an online business bank account.

What are the potential causes of delays when opening a new business bank account?

The potential causes of delays when opening a new business bank account can vary depending on the bank. Some common factors include not having all the necessary information or documents, mistakes in paperwork, and insufficient funds for an initial deposit.

Additionally, some banks may also require more stringent checks and identification processes due to anti-money laundering regulations.

Are challenger banks faster to approve new customers than high street banks?

Many challenger banks specialise in providing fast, digital-first services to their customers. As such, they may be able to process applications for new business bank accounts more quickly than traditional high street banks.

However, this does not necessarily mean that all challenger banks are faster to approve new customers – it is important to compare the different options available before selecting a bank.

How can I get prepared, in order to get my account opened more quickly?

If you want to get your business bank account opened more quickly, it is important to ensure that you have all the necessary information and documents ready for the application process.

This includes personal information such as your name, address, date of birth, as well as business-specific documents such as financial records and proof of identity.

Additionally, having an initial deposit amount ready may help to speed up the process.

Finally, researching different banks and their requirements in advance can ensure that you select the most suitable account to meet your business needs.

How to avoid approval delays when applying for a new business bank account?

When applying for a new business bank account, it is important to provide all the necessary information and documents requested in order to ensure a smooth application process. To avoid any delays with your application, make sure that you have collected all of the information needed before submitting your application.

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Business Financed provides general information, but not financial advice. Always speak to a qualified expert to get personalised advice for your business.

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