Business Current Account Calculator

Comparing business bank accounts can be a daunting prospect, but you know there may be better business bank accounts in the market. With so many different business banking products and services available you just don’t have the time to look.

• 1 in 4 businesses are not happy with their business banking provider (Mintel)

• Nearly 60% of small businesses believe their business bank charges are too high (BBA)

Here at Pipex, partnered with businessmule.co.uk we bring sections of the market to you so you can compare business current accounts on a like for like basis.

Just tell us about your business current account transactions and service requirements and we’ll work to find you the most suitable offers from a number of banks in the market – and it should only take 5 minutes of your time - or even less if you have your bank statement to hand!

Enter your details below and see if our Business Banking Calculator can start saving you money. Hover your mouse over the question marks to get help with any of the questions.

your account

What type of business do you own/manage?

Please select... Sole TraderPartnershipPrivate Limited CompanyPublic Limited Company

Click the arrow to display a list of business types, then select one from the list.

What sector does your business operate in?

Please select... Agriculture, forestry and fishingArts, sports and recreationCatering and accomodationConstructionEducationHealth and social care servicesIT and telecommunication servicesManufacturingMedia and creative servicesMining, energy and utilitiesPersonal servicesProfessional and business servicesRetail, hire and repairTransport and distributionWholesaleOther

Click the arrow to display a list of business sectors, then select the closest to your own from the list.

Do you have an existing business current account?

Please select... YesNo

Use the drop down list to indicate whether you already have a business account.

What is (or what do you forecast to be) your average monthly current account balance?

If you tell us your average monthly balance, this will help us determine how much credit interest you could earn.

What is (or what do you forecast to be) the annual turnover of your business?

Please select... 0 - 9,99910,000 - 49,99950,000 - 99,999100,000 - 149,999150,000 - 199,999200,000 - 499,999500,000 - 999,999More than 1,000,000

Some products are only offered to businesses that turnover up to a certain amount. If you give us an idea of your monthly turnover, it will help us find the right bank account for your business.

What is the name of your business?

Please enter the trading name of your business here.

Do you have (or will you require) a business deposit account?

Please select... YesNo

Use the drop down list to indicate whether you have a business deposit account.

Is your business based in Scotland?

Please select... YesNo

Some banks offer lower bank charges to businesses based in Scotland. Please select Yes or No so that we can quote the correct charges.

Please provide your email address

Enter a valid email address so we can send you administration emails. businessmule will not pass on this address.

Please re-enter your email address for verification

So we can make sure we use the correct email address, please re-enter it here.

debits from your account

How many cheques do you write (issue) each month?

Enter the number of cheques you issue each month so we can determine any fees charged by the banks for this activity.

How much cash do you withdraw each month from an ATM?

How many times a month do you withdraw money from ATMs?

Some banks charge a fee for cash withdrawal via an ATM. Enter the amount of cash you withdraw from your business account via cash machines each month, so we can determine the amount you may be charged by banks.

How much cash do you withdraw each month from a bank branch?

Some banks charge a fee for cash withdrawal via their branches. Enter the amount of cash you take out of your account via your bank branch so we can determine the amount you may be charged by banks.

How many debit card transactions do you undertake each month?

Enter the number of debit card transactions you undertake each month so we can determine any fees charged by the banks for this activity.

How many direct debits are issued each month from your account?

Enter the number of direct debits you pay each month so we can determine any fees charged by the banks for this activity.

How many standing orders are issued each month from your account?

Enter the number of standing orders you issue each month so we can determine any fees charged by the banks for this activity.

credits to your account

How many cheques do you pay into your account each month?

Enter the number of cheques you pay into your account each month so we can determine any fees charged by the banks for this activity.

How many electronic payments (e.g standing orders) are paid into your account each month?

Enter the number of electronic payments that are paid into your account each month so we can determine any fees charged by the banks for this activity.

How much cash do you pay into your account each month?

Enter the amount of cash you pay into your account so we can determine any fees charged by the banks for this activity.

How many times do you deposit cheques and cash each month?
E.g once a week = 4

Some banks will charge for the number of deposits you make in addition to the channels you use and the amounts paid in. Enter the number of deposits here.

If you require a change facility (coins), how much cash do you exchange per month?

Banks often charge for change facilities at their branches, please enter the amount in pounds (£) you exchange each month.

 

 

 

 

your account extras

Do you require merchant acquiring?

Please select... YesNo

Some banks will offer you the option of setting up merchant acquiring so your business can accept card transactions. Please indicate if this is something you require.

Do you require access to a branch to deposit cash and/or cheques?

Please select... YesNo

Take care when answering this question, as many banks will charge less if you do not require branch access.

Do you require the use of a Post Office to deposit cash?

Please select... YesNo

Some banks may offer the facility to deposit cash via a Post Office. This can be convenient if the bank has fewer branches.

Do you require a Relationship Manager?

Please select... YesNo

Take care when answering this question, as some banks will charge more if you require a personal manager for your account.

Would you prefer the use of a UK-based call centre?

Please select... YesNo

Banks often use offshore call centres to save money. We can tell you which banks have their call centres in the UK.

Do you require Internet Banking services?

Please select... YesNo

It is possible you will depend on internet banking to run your business. If so, select Yes here.

Do you require a manned 24 hour Telephone Banking service?

Please select... YesNo

Most banks offer an IVR (Interactive Voice Response) service out of core banking hours, but few offer 24 hour customer service operator contact.

 

 

 

We need to capture your email address to save your quote onto our database. We would like to use this address to update you with key changes in the business banking sector and with new business partnerships we develop that may benefit your business. If you would prefer us not to email you, then please check this box