Masthaven – business banking analysis and reviews

Last updated on 10 August 2023

FAQ

Is Masthaven a proper bank?

Yes, Masthaven is a proper bank. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority in the UK. The bank provides services such as savings accounts, digital banking, business banking and mortgage lending.

Compare business bank accounts What are you looking for?
 
How to open a Masthaven business account?

Opening a business account with Masthaven is easy and straightforward. All you need to do is visit the Masthaven website, fill out an application form, and provide evidence of your identity. Once all the documents have been submitted, your application will be reviewed and approved in no time. You can then start using the services provided by Masthaven.

What fees does Masthaven charge?

Masthaven charges a range of fees, depending on the services you opt for. These include an account opening fee and transaction fees. Some accounts may also have a monthly maintenance fee or overdraft facility fee, so it is important to check the terms and conditions before signing up with Masthaven.

What services does Masthaven offer for businesses?

Masthaven offers a range of services designed to help businesses manage their finances. These include tailored loan solutions, merchant banking services, international payments and foreign exchange services. It also provides specialist corporate treasury advice and products such as savings accounts, current accounts and business mortgages.

What types of payments does Masthaven accept?

Masthaven offers a range of payment methods for businesses to use. These include Direct Debit, BACS, Faster Payments and CHAPS. The bank also accepts credit cards, debit cards and PayPal payments for customers to make deposits and withdrawals. This ensures that businesses have the most convenient way of managing their finances with Masthaven.

Explore business banking

Revolut Business
✓ Business Current Account
✓ Award-Winning Mobile App
✓ Quick & Easy Application Process
Pricing Trial period Contact

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

Card One Money
✓ No Credit Checks
✓ Simple Fees
✓ Up to 3.5% Cashback
Pricing Trial period Contact

ANNA Money
✓ Apply in 10 minutes
✓ Bookkeeping & Payroll Tools
✓ User-Friendly Mobile App
Pricing Trial period Contact

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

HSBC Business Banking
✓ Business Current Account
✓ In-Branch, Online & App Banking
✓ FSCS Protected
Pricing Trial period Contact

Metro Business Banking
✓ Business Current Account
✓ High Street Presence
✓ FSCS Protected
Pricing Trial period Contact

Mettle Business Banking
✓ Business Bank Account
✓ Online & App
✓ Quick & Easy Application Process
Pricing Trial period Contact

Monzo Business Banking
✓ Business Current Account
✓ Dedicated mobile app experience
✓ FSCS Protected
Pricing Trial period Contact

Virgin Money
✓ Business M Account
✓ In-Store, Online & App Banking
✓ Insights & Forecasting Platform
Pricing Trial period Contact
Compare ⓘ

Reviewed by , Managing Director

Important

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

Advertising disclosure

We may be paid a commission by our FCA-regulated partners when you click on the links in our articles. This does not affect our independent journalism.

Learn more

You can learn more about how this website operates by clicking here.