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.

  • Having recently closed my limited company, Umbrella helped throughout the process and provided clear advice. Special mention to Nicola Worthington for answering my questions and sorting out my final returns in a professional and friendly manner.RB 7 October 2020

  • I had great service from Umbrella - particularly Nicola Worthington who calculated and submitted my self-assessment. She was easy to work with, kept me informed and submitted my assessment way before it was due.Dale N 22 Sep 2020

  • Having started my own journey into the interim market, I chose umbrella accountants to take care of the financial matters, not only are they excellent, swift, professional and precise. Nicola goes above and beyond to assist help advise resolve and guide, she has been outstanding! excellent business and team...! Highly rated.Jason 17 Sep 2020

  • I have been with Umbrella for the last 3 years. I had a great experience working with Nicola​ Worthington. She is knowledgeable, professional and very helpful with all round personal and company tax queries, I would highly recommend Umbrella.Simon 15 Sep 2020

  • Over the past 4 years. Umbrella, have acted on my behalf. During these years. I am pleased to report that I never had any issues with the service provided. The staff members are knowledgeable, helpful and polite. If, in the future I required an accountancy service. I would re-engage with Umbrella.D Timperley June 2020

  • recommended. I have been with Umbrella for three years using both their umbrella payroll and their Ltd company accountancy services. I can recommend them to anyone. Excellent, helpful and always friendly.Sean R March 2020

  • Overall experience of dealing with was absolutely fantastic. This was my first time going into contracting and they were there every step of the way. When I had question or queries - they were answered without any delays and someone was always there to assist. The whole online portal they use is very good too. Overall experience was excellent - highly recommended.JS February 2020

  • Efficient, professional and reliable. I have used Umbrella accounting services for over five years both as a PAYE contractor and as a contractor through my limited company. In both instances, I have found Umbrella employees to be helpful, knowledgeable, and professional. They are very reliable especially with payments and paperwork. I totally recommend their services.FC December 2019

  • Very Good level of Service. Always paid on time and any issues/questions were dealt with swiftly.Would recommend Ison September 2019

  • Great efficiency and great turnaround speed of service in doing my accountancy self assessment tax returns that made it quite stress free. Very happy with Micaela's work I would highly recommend Thanks.Teresa January 2019