Bank accounts for freelancers

January 17th, 2024

As a freelancer, it's important to have a dedicated bank account for your business. This will help you keep track of your income and expenses, and it will also make it easier to file your taxes.

There are a number of different bank accounts available for freelancers in the UK, so it's important to choose one that meets your specific needs. Consider factors such as monthly fees, transaction fees, features such as mobile banking and integration with accounting software, and international payment capabilities.

Here are a few of the best bank accounts for freelancers in the UK:

All of the bank accounts listed above link to FreeAgent and Xero, making it easy to import your transactions into your accounting software.

If you're looking for a business bank account that is user-friendly, Starling Bank, Tide, and Revolut are all good options. They all offer mobile apps that make it easy to manage your finances on the go.

If you're looking for a free business bank account, Starling Bank, Tide, Revolut, and Mettle all offer good options. They all have no monthly fees and no transaction fees.

It's important to choose a business bank account that is regulated by the Financial Conduct Authority (FCA). This will ensure that your money is protected if the bank fails.

Here are some additional tips for freelancers who are choosing a bank account:

Once you have opened a business bank account, be sure to keep track of your income and expenses. This will help you stay organized and make it easier to file your taxes.