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Best Business Bank Accounts for UK Sole Traders (2026)

Updated August 2026

A separate business account makes it far easier to track income and expenses at tax time. Most UK sole traders can open one free, in minutes, with no credit check required.

Tide — Free Business Bank Account

Open a free UK business account in minutes, with expenses, invoicing and tax pots built in — our recommended option for sole traders wanting a fast, free setup.

Open a free Tide account →
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Once your account is set up, track everything for free with PayToolkit's Expense Tracker and Tax Dashboard. If your finances are more complex, PayToolkit Accounting Services can help.

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