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.

  • I found working with umbrella easy and they responded well to all my queries quickly and efficiently. I had Sheraz Sheikh as my contact for Tax affairs during the last two years who was very helpful and supportive I found Umbrella a good organisationStephen Cooper May 2022

  • The team over at - thumbs up. The team over at, especially Nicola Worthington, have always been very helpful, professional and prompt with communication and queries when I used them to help establish and look after my Limited company.Johnny M March 2022

  • Great service from Nicola Worthington & team. Always prompt with responses and reminders. Very professional.Michael L March 2022

  • After this company was recommended to me I was contacted by Robert Charlton. Robert emailed me all the necessary documents to setup a limited company and gave good advice over the phone. Excellent first impression which led me to sign up. Martin February 2022

  • Nicola Worthington was amazing BBC reported today that "More than three million people have yet to file their self-assessment tax return just days before [the] deadline of 31 January". Despite the pressure, Nicola Worthington completed my self-assessment tax return quickly and professionally. She was very responsive and promptly answered all of my questions. Fantastic work.Marcus January 2022

  • Professional and reliable company in the 5 years of using their service. Thanks to Nicola Worthington for all your support in submitting my self assessments in a timely and accurate fashion.S Moore December 2021

  • Umbrella have been dealing with my account/tax matters for the last 10 years with an extremely profession approach. I have always received accurate information and helpful advice from Nicola Worthington. I would have no hesitation in recommending Umbrella for all accountancy matters.D Sewell November 2021

  • Nicola has been fantastic - kept me informed and very professional.D Norman November 2021

  • 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