Business bank account
Every start-up needs a business bank account. Setting up an account with Barclays is quick and easy. Plus, you’ll receive £50 cashback and it’s free for the first 12 months. Meaning you’ll have more time and money to spend on making your business a success.
Get £50 cashback with any formation
Setting up an account with Barclays is quick and easy,
Plus, you’ll receive £50 cashback and it’s free for the first 12 months
Barclays business bank account for start-ups
No matter the nature of your start-up, Barclays can help support you during those vital early months by kick-starting your business with an account that’s simple, convenient and flexible, so you can focus on what’s important. You’ll get 12 months free banking, plus comprehensive support and guidance from an experienced management teams.
£50 cashback
Just for opening your Barclays Business
account with us. (one £50 cashback per company).
12 Months Free*
Free business banking for 12 months.
*Terms and conditions apply.
Loyalty Reward
Get back a proportion of your account charges. The longer you bank, the more you get back.
All the perks of using a leading bank
Including flexibility to manage your account online or via the mobile app and expert advice when you need it.
Optional Plans
At the end of your free 12 months, you’ll have the choice of two straightforward price plans.
Get £50 Service guarantee
Need to speak to an expert? Barclays’ Business Banking telephone team aims to resolve any query you have straight away and If they can’t, you’ll be given a named point of contact who’ll help resolve your query and make sure you’re kept in-the-loop.
Everything you need and a little more
We can help make opening a business bank account simple, quick and easy – giving you back the time to focus on your new business. Barclays offer expert advice and guidance whether you’ve just set up your first business or if you’ve done it before.
Free banking and peace of mind
- Free business banking for 12 months
- A choice of 2 straightforward price plans when your 12 free months are over
- Barclays loyalty rewards
- A named contact who’ll deal with any queries you have. They’ll keep you informed until your query is resolved
A personal service
You’ll get a dedicated local Barclays Business Manager to help you reach your goals, as well as phone access to the UK-based Business Banking team.
Plus the extras to make banking simpler
- Manage your account online, by phone, via the Barclays Mobile Banking app or in-branch
- Free Text Alerts to keep track of money in and out of your account as well as when your balance gets close to your limit
- Barclays Cloud It: a secure online document storage and management service
- Get paid instantly using just your mobile number with Barclays Pingit
To claim your cashback please email us at bankacc@theformationscompany.com with your company name, company number, Barclays business account number and sort code. To be eligible for cashback, the bank account needs to have been opened within 90 days of the company incorporation date and the email claim must be made within 90 days of the bank account opening date. Please note only one claim can be made per business account opened within this specified time period.
You’re eligible if:
You are a UK resident and a director aged 16 or over.
What our customers think
Rated 4.7 out of 5
Rated 4.0 out of 5
Rated 4.4 out of 5
Rated 4.2 out of 5
Formation bundles
- £9.99
E-Formation
- Set up a basic Limited Company that’s ready to trade and choose anything else you need as extra.
- £19.99
Essential
- An easy way to set up a company that’s ready to trade. Plus, your official printed certificates.
- £59.99
Entrepreneur
- Your official certificates & company register. Plus, a registered business address, FREE for 3 months.
- £99.99
Super
- Your official documents, and confirmation statement. Plus, a registered business address, FREE for a year.
- £29.99
Starter
- The hassle and risk-free option for getting started and growing your limited company.
- £79.99
Essentials
- Starter plus a comprehensive SME legal documents and credit score build & monitor service.
- £149.99
Pro
- Essentials plus a 24/7 legal advice helpline, and your home address privacy secured.
Knowledge hub
EU VAT changes – July 1st 2021
As of 1st July 2021, the EU is changing the rules on VAT for businesses outside of the EU, who sell any product or service when selling any product or service. The new way to pay VAT as a non-EU...
Read MoreHigh court ruling over worker Health and safety legislation
In December 2020 the UK government implemented 2 EU directives into UK law, updating employee health and safety legislation after losing a high court battle to a trade union about health and...
Read MoreReady to have your company set up?
What is a company formation agent?
Formation agents perform company registrations in partnership with Companies House. We’re one of the largest, and also the cheapest. We don’t just get your company registered then leave you to it – we use our experience to help you start your business properly. There are plenty of reasons to use a formation agent rather than go directly to Companies House. If you ask us, though, the best thing is that we go through the whole process with you, and get your application submitted securely online. We provide expert advice on the legal hurdles while you incorporate, and recommend good quality solutions that you might need after you’ve formed.
What’s the difference between sole trader and limited company?
Think of it this way: when you form a limited company, you put a protective shield between you and your business. Being a sole trader is the opposite – you have no protection. As a sole trader, you are responsible for any debt you might come into while you’re in business. When you register and become the director of your own limited company, you have less personal responsibility. The benefits are that you can claim back expenses, and add to your salary with dividend payments at the end of the year. For more information, see our Help Centre article about limited companies and sole traders.
How do I register a company?
Easy, we’ll do it for you. Check out our formation bundles to learn more about our different products. They start at £9.99, and go all the way up to our Super bundle. Limited company formation is a straightforward business if you’re as well-versed with the process as we are. If you’re not sure where to start, check out our company formation guides for an introduction and some insider tips.
Why The Formations Company?
We’re dedicated to British business, and love nothing more than seeing new companies flourish. 750,000 UK companies have trusted us to help them register, and we have thousands of happy customers who’ve seen how simple the formations process can be. We’re cheaper than going to Companies House directly, and cost less than most accountants. Our online application is incredibly simple, and if you’ve got all your documents handy it shouldn’t take more than 10 minutes to complete. So what are you waiting for? Start your business today.