Bank Accounts for Contractors

We’ve partnered with Tide and Cashplus to offer you the choice of either of the free straightforward business current accounts, designed with freelancers, sole traders and limited companies in mind.

To help you choose which of our trusted partners is best for you we’ve outlined some introductory information below.


The award-winning Business Bank Account from Cashplus has been specifically tailored to the needs of Small Businesses, Freelancers & Start-ups.

With UK based customer service, as well as 24/7 mobile and online banking, the account is the ideal low hassle way to manage your business finances.

As no credit check is required to apply, the account can be applied for within minutes online, with the Account Number and Sort Code being available at the end of the application process for successfully verified customers.

The application only takes a few minutes, with approved applicants enjoying the following benefits:

  • No annual fee for Umbrella Accountant's clients in year 1*.
  • Manage your account on any device, anywhere, 24/7.
  • Integrates with major accountancy packages.
  • Friendly UK based customer service.
  • FSCS protected.
  • Simple annual fee of just £69* - First Year waivered for Umbrella Accountant's clients.
  • No charges for inbound transfers or setting up Direct Debits.
  • Free UK card purchases.

To receive the above discount and to be tracked as an Umbrella Accountants customer, please click here to apply for an account.

Download pdf Cashplus brochure > 


A business current account that's free, easy to open, and helps you start doing what you love. That’s why Tide are trusted by 150,000+ UK businesses.

Better business banking with Tide and Umbrella includes:

  • 1 year of free transfers in and out of accounts (normally 20p) - Just use the code: UMBRELLA.
  • All your business finance admin in one time saving app including direct debits, statements and scheduled payments.
  • Free and fast account opening. Get a sort code and account number in minutes.
  • No monthly or annual fees. Tide just take a tiny fee when you move money between accounts or move cash.
  • Free transfers between Tide accounts.
  • Free card payments, UK and abroad.
  • Free replacement cards.
  • Instantly link up with your accounting software including FreeAgent and Xero.
  • Free business Mastercard. Spend on your card in the UK and abroad with no fees and no commission. (Getting cash from an ATM costs £1 and some machines might charge an extra fee.)

To open an account or find out more visit A credit check is not required to open an account, just an ID check.

Download pdf Tide brochure >

* Cashplus: Other fees and charges apply. Please check the terms and conditions for a full fee summary. Subject to terms and conditions. Accounts available to applicants aged 18+ years and being resident in the UK and, if relevant, businesses being based in the UK. Features and services are only available to customers who have been fully identified and verified. Advanced Payment Solutions Limited (APS), trading as Cashplus Bank, is registered in England and Wales at 6th Floor, One London Wall, London EC2Y 5EB (No.04947027). APS is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA under Firm Reference Number (FRN) 671140. APS provides credit facilities subject to approval and affordability, and where accounts continue to meet APS credit criteria. APS is authorised by the PRA and regulated by the FCA and the PRA. Our FRN is 671140.

  • Nicola has been fantastic - kept me informed and very professional.Dale Norman October 2021

  • Very helpfull and prompt. Always came back as promised and provided the necessay information and guidanceM manir October 2021

  • Nicola Worthington has been a credit to Umbrella Accountants. She has always offered considerable professional advise to myself on my accounting and my tax affairs as and when required over the past few years. I would recommend both Nicola and Umbrella Accountancy Services.AC September 2021

  • I started my company in 2016 when I was offerred 6 months contract work. Now sadly I'm closing my company as I've moved back to PAYE work. Nicola Worthington and team have been very helpful with my accounting and tax affairs and has made it as easy as possible for me to understand what I needed to do. All the best AndyAndy September 2021

  • I have been with Umbrella for around 2 years now since they set up my limited company for contracting purposes. I have found their service to be very reliable and really enjoy the ease of using the freeagent service. A special mention also to my accountant Nicola Worthington, whose knowledge and expertise have been so valuable. Along with that, her availability to answer questions at critical times have been really vital for me and my business - thank you.Stephen Roberts September 2021

  • Nicodemus Ginindza has been my liaison since working with Umbrella - his support and assistance has been excellent, always on call to attend to queries. Fantastic service ! Would highly recommend !Hemel August 2021

  • Excellent service as usual.Luis Ferrinho August 2021

  • I am extremely happy with the service I have received and the clear explanation of said service from Nicodemus Ginindza. I am looking forward to our continued relationship. I have no hesitation whatsoever in recommending this company.Roy Ginn July 2021

  • Very helpful for a beginner with self employment, Nicodemus was welcoming and helpful.Jeanebe July 2021

  • Efficient, responsive and quick in resolving issues.Shantanu July 2021