If you are starting a small business, your small business bank account should be one of the first things you aquire. Small business banking is big business to the banks and for this reason you should be able to secure a great deal on a small business bank account.

Search through the high street banks for their best deals on small business bank accounts. Talk to the small business account manager in each bank.

If you are not looking for an overdraft or any funding from the bank you should be able to open your small business account straight away, with appropriate ID.

The banks should offer you a small business account with chequebook and switch card.

Shopping around the different banks for small business accounts should produce offers of interest on credit balances, no fees for a year, no fees ever!, free small business banking, personal banking manager for you to call etc.

Don’t be suckered into the first small business bank account you find, or for that matter the closest bank offering small business banking. The bank 100 yards further away might offer you substantial savings over the closest bank on a business bank account. Do your research carefully.

If you do require an overdraft or a business loan in order to get your business off the ground, make sure you have created a feasible business plan. You’ll need to convince the bank to back you, but you should still be able to get great rates. Shop around whatever.
Remember, the best time to shop around for a small business account is before you start trading. Once you are into the day-to-day grind of building your business you’ll find it much harder to switch, so do your research first.