ICICI Bank business bank account comparison and review

Discover the pros and cons of ICICI Bank business accounts and how they compare to other options available to you.

No reviews yet. Write a review
ICICI Bank

ICICI Bank is an Indian bank that offers personal and business banking solutions in the UK. It has six branches in the UK.

Its business banking solutions include current accounts and saving accounts.

Compare ICICI Bank’s business accounts

Name Product UKFSA-CUR Account fee Bank transfers Requires credit check Arranged overdraft Accounting integrations Account management Key benefits Business bottom txt Link
Business Current Account
Free
Free
N/A
Branch, online & app
View details
loading

What business bank accounts are available for ICICI Bank customers?

  • Business current account. You can create accounts in pound sterling, US dollars and euros. You’ll pay a £5 account fee, but only if your balance falls below £5,000. You’ll pay 30p for every transaction in and out of your account.
  • Business savings account. An instant-access savings account is available. If you want a higher interest rate, opt for a fixed-rate savings account. You can get a term of six months, one year, two years, three years, four years or five years.
  • Business forex solutions. An account that supports real-time exchange rate supporting multi-currency transactions.
  • Business fixed deposit. An account with no minimum deposit and a range of term options available.

How to apply for an ICICI Bank business account

You can apply for an ICICI Bank business account via its website by clicking the “Apply Now” button at the top of the page.

Alternatively, you can click the “Request A Call Back” button to have a staff member walk you through the application process.

Pros and cons

Pros

  • Dedicated account manager.
  • Create balances in multiple currencies.
  • Low fees and simple international transfers.
  • No monthly account fee if you keep a healthy balance.
  • Several options for savings accounts.

Cons

  • Few perks available with the current account.

Customer service information for ICICI Bank

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Our verdict

An ICICI Bank business bank account could appeal, especially if you are dealing with international transfers and multiple currencies, and you think you’d benefit from a dedicated account manager.

Even so, it’s always best to check out the alternatives before you decide on which one to commit to with your business and finance. Read our guide to the best business bank accounts to choose the one that best suits you.

Get started by visiting ICICI Bank’s website and sign up for an account. If you have read this review and decided that ICICI Bank’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's headshot
Written by

Publisher

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 285 Finder guides across topics including:
  • Helping first-time buyers apply for a mortgage
  • Comparing bank accounts and highlighting useful features
  • Publishing easy-to-understand guides

More guides on Finder

  • 4 ways to streamline your international business payments with WorldFirst

    As more businesses plan to go global, find out how WorldFirst’s multi-currency account could benefit your operations. Paid content.

  • eToro vs XTB

    XTB and eToro are cheap investment platforms with a lot to offer. We compare the features, fees, account types and more – side by side in eToro vs XTB.

  • Payday loans guides & resources

    Browse our collection of payday loan guides, designed to answer all of your short term loan questions and help you find the right payday loan.

  • Best side hustle ideas for teens

    We’ve compiled a list of side hustle ideas, so you can give your teenager a nudge in the right direction next time they come to you asking for money.

  • Euro business accounts

    Find out how euro business accounts work and who they might suit.

  • Can you have more than one business bank account?

    We explain the benefits of opening multiple business bank accounts and what to watch out for.

  • Freetrade vs Hargreaves Lansdown (HL)

    Freetrade and Hargreaves Lansdown are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Freetrade vs HL.

  • Bestinvest vs Hargreaves Lansdown (HL)

    Bestinvest and Hargreaves Lansdown (HL) are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Bestinvest vs Hargreaves Lansdown.

  • Moneybox vs Hargreaves Lansdown (HL)

    Hargreaves Lansdown and Moneybox are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Moneybox vs Hargreaves Lansdown (HL).

  • Moneyfarm vs Hargreaves Lansdown (HL)

    Hargreaves Lansdown and Moneyfarm are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Moneyfarm vs Hargreaves Lansdown (HL).

Go to site