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.
Many ways to pay
Get access to a free Visa Platinum debit card for free on the Teya app.
You can order and activate a physical card or create up to 10 free virtual cards to use any time.
Add your physical and virtual cards to Apple Pay or Google Pay for 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
For every £1.00 you spend on a Teya card, you get unlimited 0.5% cashback, paid monthly. It's the Business Account that rewards you for spending on your business.
Keep your books up to date, automatically
Connect your Teya Business Account to Xero or QuickBooks and your transactions sync automatically: no manual exports, no copy-pasting. Set it up once in the Teya App and your accounting software stays up to date as you spend, receive and transfer money.
New Xero users can get 6 months free Xero subscription with Teya, worth up to £390.
We’re always working to add more integrations to help manage your business easier.
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
You get real-time access to your funds to manage card charges, pay suppliers or cover bills. Stabilize cashflow and make payments the moment you make a sale.
Available exclusively with your Teya Business Account.
£0 setup and management fees
It's free to open a free Teya Business Account and pay zero management fees.
Instant, free money transfers
Send money safely and in seconds with free GBP money transfers.
Free direct debits
Stop forgetting manual payments and set up recurring direct debits.
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
Is Teya a bank, and is my money safe in a Teya Business Account?
Teya isn't a bank — it's a regulated electronic money institution. Teya Solutions Ltd. is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011. Because a Teya Business Account is an e-money account, the UK's Financial Services Compensation Scheme (FSCS) doesn't apply. Instead, your funds are safeguarded: Teya holds an amount equal to your balance in pooled accounts at authorised UK credit institutions, kept separate from Teya's own money so they can be returned to you in the unlikely event of insolvency.
How many cards can I have on my Teya Business Account, and can I give cards to my team?
With a Teya Business Account you get up to 3 physical Teya Visa debit cards and up to 10 free virtual cards, all linked to the same balance and visible in the Teya App. Both physical and virtual Teya cards work with Apple Pay and Google Pay. That lets you give co-founders, managers or team members their own card for business spending while keeping every transaction in one place. A virtual card can be created when your Business Account is activated, so you can start spending online before your physical card arrives in the post.
When do my Teya card machine sales arrive in my Teya Business Account?
Once your Teya Business Account is approved, you can start using it as the settlement account for your Teya card machine — so card payments you take in-store or on the go are settled directly into your Business Account, ready to spend, transfer or save. You can track every settlement in real time in the Teya App and use the funds straight away with your Teya Visa debit card, with no need to move money between providers.
Does the Teya Business Account charge ATM, monthly or foreign transaction fees?
The Teya Business Account has no monthly fees and no setup fees, and you get free domestic transfers and direct debit setup. Your Teya Visa debit card includes 30 free ATM withdrawals every month. When you spend abroad, the transaction is converted to your account currency at the standard Visa exchange rate on the day it's processed, with no extra mark-up added by Teya. Full fee details are shown in the Teya App before you confirm any transaction.
How does 0.5% cashback work on the Teya Business Account?
Every business purchase you make with your Teya Visa debit card automatically earns 0.5% cashback — there are no points to redeem, no caps, and no minimum spend. Cashback is credited to your Business Account every month so your rewards add up alongside your everyday spend, all visible in the Teya App. Only purchases at merchants, online or in-store, count towards cashback; ATM withdrawals don't qualify.
Your Teya Visa Platinum card works anywhere Visa is accepted, and you'll still earn 0.5% cashback on international purchases.
Can I deposit cash into my Teya Business Account?
Yes. You can deposit cash into your Teya Business Account at any PayPoint location across the UK — the PayPoint network covers more than 30,000 stores, including many newsagents and convenience stores, so a deposit point is usually only a few minutes away. Deposits are added to your Business Account balance once they've been processed, and you can view them alongside your card-machine settlements and other transactions in the Teya App.
The Teya Business Account is exclusively available to Teya customers.