Which bank would be best for a Sole Proprietor opening a business account with low capital?

Updated (9-Nov-25)

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Good afternoon! I advise you to consider alternatives to traditional banks because often different financial companies provide better working conditions, especially if you work with partners from different countries. I'd definitely recommend that you learn more about Silverbird https://silverbird.com/. Opening a business account is quite easy, there is a support for over 30 currencies and international payments.

Hey there, I work in Aspire, who does debit accounts for new businesses.

The advantage we have here is that there are no set up fees, no minimum balance, no monthly fees as well.

We can do all the usual: Local/FX transfers, online payments etc, and our virtual debit card provides cashback for online marketing and SaaS spend.

Set up is really simple too, everything can be done via the website/app without stepping foot into a physical branch, and instead of the usual weeks that it takes for a bank to approve, most of our accounts get approved in a few hours.

If you want to know more I'll be happy to share!

rbs for sme