Handelsbanken is a Swedish bank with over 160 branches in the UK.
It continues to impress customers with its levels of customer service and prides itself on being one of the most profitable banks in Europe.
What types of business account are on offer from Handelsbanken?
Handelsbanken offers a simple yet effective business current account.
Here are the highlights:
A direct line to your account manager
Overdrafts are available, subject to status
Deposit cash via Post Office counters and cheques via a prepaid postal service
Order multiple debit cards and place individual limits on spending
Can be managed via a corporate online banking portal and corporate mobile banking app
Account is available in a range of currencies
Handelsbanken was rated third, with a score of 73% for overall service quality, out of 14 business banking providers included in a 2023 customer survey carried out by BVA BDRC on behalf of the Competition and Markets Authority, as part of a regulatory requirement.
How to apply
To apply for a business current account, you’ll need to arrange an appointment at a local branch. You can do this by calling or emailing the branch. There is a branch finder on the Handelsbanken website to help you find these contact details.
Here are some of the details you’ll need to provide in order to open your account:
Proof of identity
Proof of address
Your business name, address and start date
Your main business activity
Previous banking details
Financial details, including tax status, expected turnover and how much money you expect to pay into your account
Personal details for other authorised account users
There is a PDF checklist available on the Handelsbanken website, including all the information and documents you need to provide.
Handelsbanken also participates in the Current Account Switch Service (CASS), meaning it can complete a business account switch from your previous bank in less than seven working days.
There is a monthly fee associated with having a Handelsbanken business account, but the bank does not publish its rates. This is because it says it provides a bespoke service to customers, and its monthly fees are set on a case-by-case basis.
Pros and cons
Pros
Personal account manager
Overdraft available
Place spending limits on employee debit cards
Account available in a range of currencies
Cons
You have to visit a local branch to open an account
No interest earned on in-credit balances
Undisclosed monthly fee
Customer service information for Handelsbanken
Email support
Telephone support
In-app or live chat
Contact form
Branch support
Our verdict: Is a business account from Handelsbanken worth it?
If you’re looking for a business bank account with personalised customer service and an overdraft, Handelsbanken offers this.
There are no bells and whistles, but Handelsbanken handles the basics well. However, you won’t be able to find out your monthly account fee until you’ve spoken to your local branch.
Get started by visiting Handelsbanken’s website to find out the location of your closest branch. If you have read this review and decided that Handelsbanken’s account is not for you, you can also compare other business bank accounts on the market.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
Matthew Boyle is a banking and mortgages publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife. See full bio
Matthew's expertise
Matthew has written 279 Finder guides across topics including:
Helping first-time buyers apply for a mortgage
Comparing bank accounts and highlighting useful features
The Cumberland building society has two business banking options available for customers within its operating area. Find out what they offer, including all the fees involved.
Your business expenses can be deducted from your total turnover when working out how much tax you pay. Do you know which expenses are allowable?
Advertiser disclosure
Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
