As your business grows, you need an account that offers you the features and services that can help you run smoother financial operations and grow your business, like integrations with your accounting software and financing options.
But not all business bank accounts are built the same, which is why you need to take your time to determine your company’s unique needs and research your options before making a decision.
This article covers:
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The information about all the tools discussed in this article was collected between 16 April 2024 and 18 April 2024. This article was written and approved by Juni and is intended as marketing material.
Choosing the right business bank account is crucial to running your business efficiently, and there are certain things you want to make sure you can do with your funds when you decide to open a new bank account for your business.
Business bank accounts typically offer tools and services specifically designed to manage company finances efficiently. These include higher transaction limits, invoicing features, and the ability to integrate with accounting software, helping you keep track of cash flow, expenses and revenue more effectively.
A dedicated business bank account allows you to monitor incoming and outgoing transactions in real time. This visibility is crucial for effective budgeting and financial planning, as it helps identify spending trends, manage cash flow more efficiently and make informed financial decisions quickly.
A designated business bank account simplifies the process of tax preparation. These accounts often come with pre-accounting features and connect to accounting platforms, reducing the complexity of, and time spent on, financial reporting.
Business bank accounts often give you access to benefits such as lines of credit, business loans and credit cards with better terms. These financial products can be crucial to funding business growth and operations, making a business bank account an invaluable tool for long-term development.
Many business bank accounts will integrate with your existing finance tech stack, which allows for automatic updates and synchronising financial data across platforms like accounting, payroll, and expense management systems. As a result, you get a cohesive and automated financial ecosystem that reduces manual errors and saves you time.
Each bank may have slightly different guidelines for the documentation you’ll need to provide when opening a business bank account, but here are some common requirements. Note that these will also vary by country:
Some banking providers offer ecommerce business bank accounts, others have accounts designed specifically for startups or sole traders. So when choosing a bank account for your business, the most important thing to consider is the nature of your business and its specific needs.
This will help you choose an account that comes with the specific features that your business needs, whether that’s access to financing or integrations with your finance software.
Here are some other considerations to keep in mind when choosing an account for your business.
Review the fee structure of potential business bank accounts. Look for monthly fees, transaction fees, ATM usage fees, and any other charges that may apply. Some banks offer fee waivers under certain conditions, so it's worth investigating if your business qualifies.
Consider the interest rates offered on balances in your business bank account. While not all accounts will offer interest, those that do can provide an additional income stream. This is especially applicable for businesses looking to open a savings account.
Ensure that the bank offers robust online banking services that suit your business needs. This should include mobile deposits, fund transfers, bill payments, and real-time account monitoring capabilities.
Evaluate the quality of customer service, including availability. It’s important to have access to support whenever needed, particularly for urgent financial matters.
Opt for a bank known for its reliability and financial stability. Research its history, how it has handled economic downturns and read reviews from other business customers.
Some banks offer additional services like credit lines, loan options, and business credit cards. These can help enable growth by easing cash flow.
Here’s our selection of business bank accounts, followed by an overview of Juni, a financial service provider for ecommerce businesses.
The Swedbank Business Bank Account is available to large corporations and institutions in Sweden. The account allows you access to industry-specific teams including real estate, healthcare, retail, shipping and offshore, telecom, media and technology.
The account’s industry-specific advice and support is aimed at helping businesses manage change and growth, and provides tools for strategic financial planning.
The Nordea Business Bank Account is designed for companies in Sweden. The account includes a business card Mastercard, a business savings account with free withdrawals, and online and in-app finance tracking.
The company package costs 1,300 SEK per year with an initial connection fee of 2,500 SEK.
The SEB Business Account is available to European businesses and is in particular targeted towards small businesses and startups. There’s no monthly fee for the first six months with this account, after which you’re looking at a monthly fee of 130 SEK.
SEB offers customers personal 24/7 phone support, startup insurance options and a convenient mobile app. You also get access to a regular debit card, plus the option to apply for a free credit card with 45 days of a 0% interest rate.
The Handelsbanken Business Account is suitable for businesses and sole traders in Sweden. It provides online banking, mobile banking, Bankgiro, and a corporate card.
The account also provides you with a personal bank contact who can reach you via phone, email and in person. The annual fee for this package is 1,250 SEK.
The Banco Santander Business Account is designed for freelancers, businesses, and SMEs in Spain. It offers day-to-day financial services and digitization solutions at no extra cost.
There are no charges for depositing or withdrawing cash from over 30,000 Santander ATMs across the world. This account is a non-interest-bearing current account with no monthly account maintenance fees for the first 12 months.
The Metro Bank Business Account is designed specifically for small businesses, including start-ups and sole traders. This account is for businesses located in the UK, and you get access to local business managers when you visit a Metro Bank store.
With Metro Bank’s business account, you get access to a debit card that comes with free card purchases and cash withdrawals in Europe and the UK. Plus, Metro Bank offers the ability to borrow up to £60,000 with Business Overdraft services.
The HSBC Kinetic Current Account is built for sole traders or single director shareholder businesses in the UK. This account supports international payments to and from over 200 countries, though note that fees apply.
You can manage all your financial operations via the HSBC Kinetic app, where you can get insights into your cash flow and spend, apply for up to £30,000 overdraft and apply for a HSBC Kinetic Credit Card.
The Starling Business Account is available to UK sole traders, limited companies and LLPs. Starling offers account options with no monthly payments and zero fees on UK transactions, as well as international transfers with 34 countries.
This account integrates with QuickBooks, Xero, FreeAgent and other business software like BrightHR, Slack and Zettle. Plus, when you sign up, you have the option to opt-in to Starling’s Business Toolkit, which helps with financial processes like invoicing and tax prep.
The Banca Intesa Sanpaolo Business Account is available to businesses in Italy with over 2.5 million euros in annual turnover. This business current account offers tailored financial products.
The account provides a single monthly cost that includes the account fee and the connected monthly fee products and services. You can get discounted rates if you have multiple operations.
Juni is a financial service provider designed specifically for ecommerce businesses—with features that help digital commerce businesses run smoother financial operations and free up cash flow.
Juni’s business accounts are available in a number of currencies (SEK, GBP, EUR, USD and NOK) and come with low FX fees capped at 0.5%. Plus, you can create multiple digital cards in USD, SEK, EUR and GBP which give you access to up to 1% cashback on eligible debit spend.
Juni cards give you control over your spend, allowing you to assign them to specific employees or suppliers. You can also set customisable limits and instantly freeze spending to ensure your team is spending wisely.
Juni also offers flexible financing options, both on cards and invoices, to help you extend your runway and grow your business.* What’s more, the platform comes with many other features that simplify your banking and financial processes, like accounts payable tools, accounting automations and integrations with storefronts and ad networks, like Meta and Google Ads.
Whether you’re just starting to scale your business or you’ve been around for years, having the right business bank account can be a determining factor in your company’s financial success.
You need to find an account that comes with features that help you run smoother, quicker and more accurate financial processes while protecting your bottom line.
When making a decision, consider the unique characteristics of your business, including:
These factors will help you choose an account that fits your business needs. Juni, for example, is designed specifically for ecommerce businesses, offering features like accounts payable automation and flexible access to financing, that help simplify financial admin and promote growth.*
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*Juni Capital for cards is available for companies registered in UK, NL, SE, DE, FR, ES, IT, NO and FI, upon eligibility. Capital for invoices is available for companies registered in SE, DE, NL, FR, ES, IT, NO and FI, upon eligibility. Fees and terms and conditions apply. Click here for more details.
Opening a business bank account typically involves providing your business documentation, including personal identification and your company registration number. Most banks offer the convenience of applying online.
Some banks offer free business bank accounts with no monthly maintenance fees, but it's important to note that other charges, such as for transactions over a limit or for additional services, may apply. Shopping around and comparing different bank options can help you find the best balance between value and helpful features.
Juni is not a bank – yet. We’re a financial technology company providing e-money services and as such are not part of a deposit guarantee scheme. Learn more about our license and how we keep your business and money safe.
Juni Technology AB (company number 559248-0908) is licensed and registered as an electronic money institution with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) (license no: 64025). Payment Card Solutions (UK) Limited (company number 05941947) and UAB B4B Payments Europe (company number 305539054) are regulated by the Financial Conduct Authority (ref: 930619) and the Bank of Lithuania (licence no: 76), respectively. The Juni Mastercard Corporate Card is issued by Payment Card Solutions (UK) Limited and UAB B4B Payments Europe pursuant to a license by Mastercard International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Juni Technology AB. Masthamnsgatan 21, 413 28 Göteborg, Sweden. © 2025 Juni. All Rights Reserved.
