Barclays Business Account Overview

What is a Barclays Business Account?

A Barclays Business Account is a business bank account provided by Barclays Bank UK PLC, a UK authorised high street bank. For start-ups and established businesses alike, this business account offers a range of features and services to help your business grow and manage its finances. With a Barclays Business Account you’ll have access to a whole host of financial products such as loans, mortgages and overdrafts to suit your business needs. This account is designed to help your business run and manage its finances.

Plus, as a business customer of Barclays Bank UK PLC you have multiple ways to manage your account. Online banking, mobile banking through the Barclays app, phone banking and branch banking means you can manage your finances wherever you are, whether in the office or on the go. The account also comes with free invoicing and accounting software through FreshBooks so you can streamline your financials and keep records up to date.

Also, Barclays Business Accounts have FSCS protection so your eligible deposits are safe up to £85,000. So you can have peace of mind as a business owner knowing your funds are secure. Barclays Bank UK PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority so you can be sure the bank adheres to the highest standards of financial conduct and customer protection.

For start-ups and established businesses bank accounts you can easily create this account to transfer money online.

Barclays Business Account benefits

Opening a Barclays Business Account gives you a host of benefits to help your business run more efficiently and securely. With FSCS protection your eligible deposits are safe up to £85,000 so you have peace of mind as a business owner. You’ll have access to a range of services including foreign currency accounts and industry specific support and business credit. Beyond the basics Barclays offers resources like FreshBooks accounting software and a network of professionals with sector expertise. Barclays wants to make business easier so your business can succeed in a competitive world.

Barclays Business Account features

Barclays Business Accounts have a range of features to make life easier and more manageable. With 24/7 access through online and mobile banking you can check balances, set up direct debits and make transactions anywhere, anytime. The Barclays app gives you real-time notifications and updates so you’re always in control. Plus foreign currency accounts, Post Office banking and industry specific expertise so you can bank your business in every way. The features cover all aspects of business banking to help you grow and run your business. It’s a very flexible account.

Managing your Barclays Business Account

Managing your Barclays Business Account is easy with online and mobile banking. Through the Barclays app you can move money, pay bills and view transaction history so banking is seamless. You can also deposit cheques remotely so you don’t need to visit a branch. For more complex banking needs Barclays branches are open Monday to Friday so you can rely on Barclays for support online or in person. These management tools take the financial admin out of your day so you can focus on growing your business.

Fees and charges

Barclays Business Accounts have a clear and competitive fee structure. New customers get 12 months fee free so you can try the account without any costs. After that Barclays will charge for certain transactions and monthly services. Full details of fees and charges can be found on the Barclays website where you can find more information. This transparency means you can budget and avoid surprises. Barclays wants to be fair and accessible to all businesses.

Industry specific support and resources

For businesses in sectors like agriculture, real estate and high growth industries Barclays has industry guidance to help you navigate the challenges. The bank’s Net Zero Specialists will help environmentally focused businesses transition to a sustainable way of working. Barclays has also partnered with trusted providers to offer payment solutions, workplace pensions and business support tailored to modern businesses. This industry specific support means Barclays is an active partner in your business growth giving you access to the resources and expertise you need to stay ahead and informed.

Community and local business support

As well as direct support, Barclays supports communities by providing resources and guidance to local businesses and startups. The bank has business tools, educational content and one to one advice for new businesses. Through community initiatives Barclays shows it’s commitment to helping small businesses be financially stable. By connecting with the community Barclays creates a network for business owners and a sense of belonging and support that goes beyond banking.

Eligibility and application process

Applying for a Barclays Business Account is easy but there are some eligibility criteria. You must be a UK resident, have a business address and agree to a soft credit check by Barclays’ credit reference agencies. This checks both personal and business finances against Barclays’ criteria. Once eligible you can apply online or in branch and Barclays will provide the Current Account Switch Service to make the switch from another bank easy. These criteria is to make the process as simple as possible so you can start banking hassle free.

Important Information and Additional Services

Barclays participates in the Bounce Back Loan Scheme, assisting businesses impacted by economic downturns. The scheme offers loans with eligibility criteria suited for small businesses, and further information on loan terms can be accessed through Barclays’ website. Account holders are also covered under the Financial Services Compensation Scheme (FSCS), which protects deposits up to £85,000. Moreover, Barclays is regulated by the Prudential Regulation Authority and the Financial Conduct Authority, ensuring compliance and security across all accounts. By offering transparency and protection, Barclays builds confidence and trust among its business customers.

Conclusion

Barclays Business Accounts offer a comprehensive set of benefits, features, and protections designed to meet the diverse needs of UK-based businesses. From industry-specific support and accessible online banking tools to FSCS protection and secure cash handling options, Barclays delivers an exceptional experience for business owners. With competitive fees and a commitment to community support, Barclays positions itself as a valuable banking partner. For those seeking a trusted institution that provides stability, innovative solutions, and reliable service, Barclays Business Accounts are a strong choice. Visit the Barclays website or speak with a representative today to learn more and start your journey with Barclays.