How To Secure A Business Account For Bad Credit

business account for bad credit uk

Business Account For Bad Credit – an account dedicated to business expenses is the perfect way to keep personal and professional expenses separate, however, opening one may prove challenging if your credit rating in the UK is poor. There are now many challenger banks offering online business accounts without credit checks, offering corporate prepaid Mastercard debit cards that can be managed online, over the phone or at physical branches.


CardOneMoney offers business accounts for those with bad credit in the UK without needing to undergo credit checks, making opening an online account simpler than ever for small companies with poor credit histories. Since 2007, this company, previously known as CardOneBanking, has assisted over 80,000 customers open accounts successfully online.

bank accounts with bad credit no credit checks

The business bank account is a managed current account with a prepaid Mastercard that can be linked with multiple other cards for spend tracking in your business. Additional cards may also be ordered up to four other people for expense accounts or use. Spend data can also be exported directly into accounting software.

CardOne Money stands out as a challenger bank by not offering physical branches or customer support and having customer care only found over the telephone or online. Yet this wasn’t a major worry among survey respondents because deposits held with them are protected under the Financial Services Compensation Scheme because CardOne Money is classified as an Authorised Payment Institution by Barclays under this scheme and therefore funds held there will be protected against potential loss.


Soldo is an online solution designed to assist businesses in managing company expenses more efficiently. It streamlines and automates expense approval processes while making expense reporting a simple process, tracking spending trends through dashboards and reports and supporting mobile payments and receipt storage – as well as supporting mobile payments and receipt storage for easy receipt management. Available across Europe with plans catering for small, medium, and large companies alike.

Combining banking and expense management, this solution stands out in the market as something unique. Each employee receives their own corporate prepaid Mastercard with tailored restrictions and limits tailored to their position; all linked back into one system for ease of reporting expenses and compliance monitoring.

Easy to set up and compatible with well-known accounting software like Xero, Sage and NetSuite; its customer support is both helpful and efficient; in addition, this free trial version can also be tried out – although some reports have noted delays with card delivery.

Revolut Business

If you have poor credit and require a business account, there are various options available to you. These accounts enable you to keep your personal and professional finances separate as well as providing other perks that help make managing your business simpler. It is essential to compare each offering carefully in order to select one with the highest level of benefit and service.

Revolut Business app holds an outstanding 4.8 out of 5-rating on Apple App Store and Google Play stores, and an average score of 4.25 on Trustpilot (July 2022). Furthermore, Revolut business customers can take advantage of an unlimited monthly allowance of free UK/EEA card payments depending on their subscription plan.

Revolut offers an enhanced expenses product for business accounts that allows users to scan receipts and automatically match them with transactions. This service is only available with subscription plans and provides a convenient way of streamlining expense management processes.

Tide Accounting

Tide, founded in London in 2015, provides business banking services for small businesses and freelancers alike. Through their online bank account and free business Mastercard, users can manage their cash flow easily while setting spending limits and categorizing expenses effortlessly. Furthermore, real-time notifications about account activity provide real convenience.

Tide accounts can be opened quickly and efficiently by downloading their app, detailing what kind of work your business does and providing documents such as utility bills, council tax statements, business websites or social media profiles as required.

Tide’s business account features many convenient benefits, including free international transactions and a Mastercard(r) that you can use for payments sent and received, integration with accounting software like Xero, Sage, Kashflow and Crunch and ordering additional cards for team members. Tide also provides API linking as well as dedicated business support teams for you.

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