Designed with small businesses in mind
Free to open, easy to use
The free online business account for small businesses, with no hidden fees.
Cash flow under control
Connected with your Teya card machine to receive your card machine sales.
Move money your way
Move money quickly, deposit cash, spend securely with your free Visa cards, and much more.
Your peace of mind, 24/7
An account safeguarded by secure login and around-the-clock fraud monitoring.
Use it anywhere
Access your Teya Business Account from the Teya App or directly on the Web and benefit from a simple and transparent experience. View your card sales and your expenses all in one place, manage card, transfers and receive money seamlessly - wherever you are.
Pay with it any way
Get access to a free Visa Platinum debit card; simply order it for free through the App and activate it to start using. Want to start spending straight away? Create up to 10 free virtual cards instantly in the app, ready to use anytime. Prefer paying with your phone? All your Teya cards - physical and virtual - can be added to Google Pay or Apple Pay for quick and seamless checkout.
14:05, Cashback 2024-12
December
11:31, Cashback 2024-11
November
09:54, Cashback 2024-10
October
16:12 Cashback 2024-09
September
Celebrate every pound you spend with your Teya cards because for every purchase you'll be given 0.5% cash back, paid monthly. You'll earn it on any purchase, with no limit to how much you can earn.
A better alternative for small businesses to high-street banks
Many traditional banks often hide fees that add up quickly. Teya Business Account offers low to no fees and full transparency, making it easier to manage your business finances.
This comparison is based on an internal research analysis of various alternatives, using publicly available information.
Get paid in seconds with Instant Settlement
Struggling with cash flow to pay your suppliers? From today, you can now get paid the moment you make a sale.
Instant Settlement gives you real-time access to your funds so you can manage card charges, pay suppliers, or cover bills - right when you need them.
Available exclusively with your Teya Business Account.
£0 set up and management fees
Open a free Teya Business Account and enjoy £0 management fees, forever.
Instant, free money transfers
Transfer money safely and in seconds with free GBP money transfers.
Free direct debits
Set up direct debit for free and forget about making recurring payments manually.
Free cards for every occasion
Get your free Visa Platinum debit card and create up to 10 free virtual cards at the same time.
Manage your cash your way
Deposit cash at any PayPoint or get cash when you need it, with 30 free ATM withdrawals per month.
FAQs
What’s a business account?
A business account is an account specifically thought for managing a company's finances. It is where you get your card machine sales settled. You can use your business account as you'd use a normal bank account to pay suppliers, transfer money and monitor your cash flow.
All funds held in your Business Account with Teya are safeguarded in accordance with legal and regulatory obligations. Please note that your Business Account with Teya is an e-money account and the UK’s Financial Services Compensation Scheme (FSCS) does not apply. For further information please refer to the terms that govern your use of the Teya Visa debit card and Business Account.
Who can apply for Teya Business Account?
All Teya customers can open a Teya Business Account for free and enjoy its benefits, like earning unlimited cashback. Simply contact the sales team at +44 203 978 0214 or send your message on https://www.teya.com/contact-sales. If you’re not a customer yet, contact us to start your journey with Teya.
Is Teya Business Account free?
Yes! Teya Business Account is free to open and has no account fees. You can enjoy free domestic money transfers and direct debit setup, order your Teya card for free and start spending to earn cashback.
Do I need a business account?
A business account is essential for limited companies and a preferred requirement for sole traders as well. It helps separate personal and business finances, making management easier, and it simplifies tax filing, bookkeeping, and even enhances the professional image of a business.
Moreover, a business bank account can help build your business credit score, which is crucial for accessing loans and growth opportunities.
The Teya Business Account is exclusively available to Teya customers.