How business current account cashback and rewards actually compare, and what to check before switching.
Cashback isn’t the only thing that matters
Monthly account fees, transaction fees, and integration with your accounting software can easily outweigh a headline cashback rate if you’re not comparing the full picture.
What’s actually worth checking
Whether cashback applies to all spending or only specific categories, any minimum spend requirements to qualify, and whether the account genuinely fits how your business actually banks day to day.
The switching decision
A meaningfully better rewards structure is worth the admin of switching business banking — but only once you’ve confirmed the account suits your real transaction patterns, not just the headline percentage advertised.
Explore business banking tools in the Payslp Business Hub.
What to check beyond the headline rate
Whether the account integrates with your accounting software, how quickly cashback is actually paid out, and whether there are caps on how much cashback you can earn each month or year all matter as much as the headline percentage advertised.
Frequently asked questions
Is switching business bank accounts complicated?
Less than it used to be — the Current Account Switch Service covers many UK business accounts, automatically redirecting payments from your old account for a period after switching.