In today’s fast-paced business world, it’s essential for small businesses and SMEs to stay ahead of the game. One way to do this is by embracing digital banking platforms. These innovative tools offer a range of benefits, from increased efficiency to improved security, making them an attractive option for businesses of all sizes. If you’re considering making the switch from traditional banking to a digital platform, we’ve got you covered. In this article, we’ll be highlighting 12 of the best digital banking platforms for small businesses in the UK.

1. Starling Bank
Starling Bank is a popular choice for small businesses due to its user-friendly interface and competitive pricing. With no monthly fees and free transactions, it’s a cost-effective option for businesses looking to save money. Starling also offers a range of features, including real-time notifications and the ability to set up multiple accounts, making it a versatile choice for businesses of all sizes.

2. Tide
Tide is a digital banking platform designed specifically for small businesses. It offers a range of features, including invoicing and expense tracking, making it a great option for freelancers and sole traders. With no monthly fees and a simple pricing structure, Tide is a budget-friendly choice for businesses looking to streamline their finances.

3. Revolut
Revolut is a popular digital banking platform that offers a range of features, including multi-currency accounts and expense management tools. It also offers competitive exchange rates and low fees, making it a great option for businesses that deal with international clients. With a user-friendly app and 24/7 customer support, Revolut is a reliable choice for businesses of all sizes.

4. Monzo
Monzo is another popular digital banking platform that offers a range of features, including budgeting tools and real-time notifications. It also offers a business account specifically designed for freelancers and small businesses, with no monthly fees and free transactions. With its sleek design and user-friendly interface, Monzo is a great choice for businesses looking for a modern banking experience.

5. Coconut
Coconut is a digital banking platform designed specifically for freelancers and self-employed individuals. It offers a range of features, including tax management tools and expense tracking, making it a great option for those who need to manage their finances on the go. With its simple pricing structure and user-friendly app, Coconut is a top choice for small businesses.

6. Cashplus
Cashplus is a digital banking platform that offers a range of features, including budgeting tools and expense management. It also offers a business account with no monthly fees and free transactions, making it a cost-effective option for small businesses. With its easy-to-use app and 24/7 customer support, Cashplus is a reliable choice for businesses looking for a hassle-free banking experience.

7. Countingup
Countingup is a digital banking platform that offers a range of features, including invoicing and tax management tools. It also offers a business account with no monthly fees and free transactions, making it a budget-friendly option for small businesses. With its user-friendly app and real-time notifications, Countingup is a great choice for businesses looking to simplify their finances.

8. ANNA Money
ANNA Money is a digital banking platform designed specifically for freelancers and small businesses. It offers a range of features, including invoicing and expense tracking, making it a great option for those who need to manage their finances on the go. With its competitive pricing and user-friendly interface, ANNA Money is a top choice for businesses looking for a tailored banking experience.

9. Coconut
Coconut is a digital banking platform designed specifically for freelancers and self-employed individuals. It offers a range of features, including tax management tools and expense tracking, making it a great option for those who need to manage their finances on the go. With its simple pricing structure and user-friendly app, Coconut is a top choice for small businesses.

10. Cashplus
Cashplus is a digital banking platform that offers a range of features, including budgeting tools and expense management. It also offers a business account with no monthly fees and free transactions, making it a cost-effective option for small businesses. With its easy-to-use app and 24/7 customer support, Cashplus is a reliable choice for businesses looking for a hassle-free banking experience.

11. Countingup
Countingup is a digital banking platform that offers a range of features, including invoicing and tax management tools