Best bank accounts for landlords UK: reviewed for 2026

Publication date: April 2026 | Last reviewed: June 2026

Choosing the right bank account as a UK landlord matters more in 2026 than it ever has. Making Tax Digital for Income Tax went live in April 2026 for landlords earning above £50,000 in rental and self-employment income, requiring quarterly digital submissions to HMRC using compatible software. That makes the relationship between your bank account and your property management software a functional question, not just a matter of preference. The account you use affects how easily your rent income can be tracked, categorised and reconciled, and whether tools like August can connect to it via open banking to automate that process.

This review covers ten of the most widely used bank accounts among UK residential landlords, including Barclays, Halifax, HSBC UK, Lloyds Bank, Monzo, NatWest, Nationwide, Revolut, Santander and Starling, and assesses each on the factors that matter most to self-managing landlords: account type and structure, monthly cost, open banking compatibility, digital tools, accounting integrations, branch access and suitability for property income. We also include a brief note on five further providers, ANNA, Zempler, Paragon, Tide and Wise, that landlords can also consider.

Before reviewing individual providers, it is worth addressing an important framing point. The majority of UK residential landlords hold properties in their personal name and use a personal current account to receive rent. There is no legal requirement for a personal landlord to use a business account, and many of the providers below are assessed primarily as personal current accounts rather than business ones. If you hold your properties in a limited company, you are legally required to use a business account in the company’s name, and the business options within each bank’s offering are noted where relevant. For most self-managing landlords with properties held personally, the practical question is simply which account works best for tracking rental income, reconciling payments against tenancies, and integrating with your property management software.

A note on open banking and August: August connects to your bank account via Plaid, an FCA-regulated open banking provider, to track rent automatically, matching incoming payments against the right tenant and tenancy without manual input. This works with the majority of UK high-street and digital banks, and compatibility is confirmed for all ten providers reviewed below. Of the five further providers noted at the foot of this article, Zempler, Tide and Wise are also supported, while ANNA and Paragon are not currently supported via the Plaid connection that powers August’s rent tracking.

What to look for in a landlord bank account

The right bank account for a landlord depends on a handful of practical considerations that differ from those of a typical consumer.

Separation of finances. Even if you hold properties personally, keeping rental income in a dedicated account separate from your day-to-day spending makes tax preparation, expense tracking and MTD compliance significantly more straightforward. From working with self-managing landlords across the UK, this single habit is the one that saves the most time at year end, because you can see at a glance what came in, from which tenant and when, without filtering through personal transactions.

Open banking compatibility. If you use property management software that connects via open banking, as August does, your bank needs to support that connection. All ten providers reviewed here are Plaid-compatible, meaning August can connect to them to track rent automatically. For a full explanation of what open banking is and how it works in the landlord context, see our definition of open banking.

MTD readiness. From April 2026, landlords above the £50,000 threshold must keep digital records and submit quarterly updates to HMRC using compatible software. Your bank account is the starting point for that record keeping. Transactions need to flow cleanly into your accounting or property management software, either via open banking or CSV export. Use August’s rental income tax calculator to confirm whether and when you need to comply.

Deposit protection and regulation. Not every provider in this market is a bank. Licensed banks protect eligible deposits under the Financial Services Compensation Scheme (FSCS), which now covers up to £120,000 per person following the increase from £85,000 for failures from 1 December 2025. E-money institutions such as Tide and Wise instead safeguard client funds, which is a different and arguably weaker protection that matters if you hold substantial rental balances. You can confirm any provider’s status on the Financial Conduct Authority register before opening an account.

Monthly fees. Business current accounts almost universally charge a monthly fee, typically between £5 and £12.50 per month for standard accounts, rising for premium tiers. Personal current accounts are generally free. For landlords holding properties personally, this is a meaningful cost consideration.

Branch access. Some landlords, particularly those managing older portfolios or receiving occasional cash payments, value the ability to visit a branch. Others manage everything digitally. The split between high-street banks and digital-only providers is the primary structural divide in this review.

Accounting integrations. For landlords using separate accounting software alongside their property management platform, the ability to connect your bank account directly to Xero, QuickBooks, FreeAgent or similar saves time and reduces errors. August’s expense tracking feature logs property costs and receipts alongside rent, removing the need for a separate bookkeeping layer.

Barclays

• Type: Personal current account or business current account

• Monthly fee: Free (personal); from £8.50 per month (business)

• Open banking / Plaid: Compatible with August

• Branch access: Yes, approximately 1,000 branches across the UK

Barclays is one of the UK’s largest and longest-established banks, founded in 1690, and its current account infrastructure is among the most comprehensive available. For landlords, it offers both personal current accounts and a dedicated business banking range suited to those operating through a limited company.

The personal current account is free and provides all the standard features: a Barclays debit card, mobile and online banking via the Barclays app, direct debits, standing orders and instant notifications. For landlords using a personal account to receive rent, it works reliably and the app provides sufficient transaction history and export functionality to support manual record-keeping or integration with property management software via open banking.

The Barclays Business Bank Account carries a monthly fee of £8.50, waived for the first twelve months for new customers. At the time of writing, Barclays is offering a welcome bonus to new business customers who open or switch an account, set up direct debits and meet a minimum debit-card spend across three consecutive months. Business account holders can also access accounting software integration at no additional cost to eligible customers. Business overdrafts and unsecured business loans are available subject to eligibility, for landlords seeking finance alongside their banking.

For portfolio landlords with limited companies, Barclays has the depth of business banking infrastructure to support more complex needs, including foreign currency accounts and commercial mortgage products. For personal landlords with straightforward portfolios, the personal current account is sufficient and the open banking compatibility with August ensures rent can be tracked automatically without any manual input.

Best for: Landlords who value high-street banking infrastructure, portfolio landlords operating through limited companies, and those who want the option of branch access for complex queries.

Halifax

• Type: Personal current account

• Monthly fee: Free (standard account); from £3 per month (packaged accounts with added benefits)

• Open banking / Plaid: Compatible with August

• Branch access: Yes, one of the UK’s most widespread networks, though branch closures are ongoing

Halifax is part of the Lloyds Banking Group and operates primarily as a personal current account provider. It does not offer a standalone business current account, so landlords needing business banking would need to look to its parent Lloyds Bank or a separate provider. For personal landlords receiving rent into a personal account, however, Halifax’s current account range is straightforward and widely used.

The Halifax Reward Current Account pays a small monthly reward to customers who meet certain activity criteria, including depositing a minimum amount each month and logging in to mobile banking. The standard Halifax current account is free. Both provide access to online and mobile banking, the Halifax app, and full open banking connectivity, making them compatible with August’s rent tracking via Plaid.

Halifax’s mobile banking app has improved considerably in recent years and provides transaction categorisation, spending insights, and the ability to set up and manage direct debits and standing orders, all relevant for landlords managing regular rent receipts and outgoing costs such as mortgage payments, insurance and maintenance. Statements can be downloaded in formats suitable for importing into accounting software.

For landlords with multiple properties receiving rent from several tenants, the lack of sub-account functionality in a personal current account means that separation of income by property requires either disciplined manual categorisation or a property management platform that handles that layer, which is precisely what August’s open banking integration provides.

Halifax has confirmed it will continue closing branches through 2026 and 2027, which is relevant for landlords who value in-person banking. The Post Office network provides a partial alternative for basic transactions including cash deposits.

Best for: Landlords who already bank with Halifax or Lloyds Banking Group, those who want a no-fee personal account for receiving rental income, and landlords in areas with good Halifax branch coverage.

HSBC UK

• Type: Personal current account or business current account

• Monthly fee: Free (personal); from £8 per month (HSBC Kinetic business account)

• Open banking / Plaid: Compatible with August

• Branch access: Yes, HSBC maintains a significant UK branch network

HSBC UK is one of the UK’s four major clearing banks and offers both personal and business current accounts relevant to landlords. Its personal account range is broad, from the standard Bank Account to the Premier offering for high-value customers, with no monthly fee on the standard tier.

For landlords, HSBC’s most relevant business offering is HSBC Kinetic, a digital-first business current account designed for sole traders and small businesses. Kinetic carries a monthly fee and provides features including cash flow insights, spending categorisation, and integration with accounting software. It is accessible entirely via the HSBC Kinetic app, separate from the main HSBC retail banking app. This digital-only design is a deliberate departure from HSBC’s traditional branch-based model and is intended to offer the ease of a challenger bank within the security of an established institution.

HSBC’s personal current accounts are fully Plaid-compatible, and landlords using a personal HSBC account to receive rent will find that August’s open banking connection works reliably. The app provides transaction history, instant payment notifications and statement downloads in standard formats.

For landlords with a Premier relationship, available to those meeting a savings, investment or qualifying income threshold, dedicated relationship management and preferential mortgage rates are available. This is relevant for portfolio landlords whose banking relationship extends beyond a simple current account.

Best for: Landlords seeking the combination of a large, internationally connected bank with digital business banking features, and those with more complex personal finance needs alongside their rental portfolio.

Lloyds Bank

• Type: Personal current account or business current account

• Monthly fee: Free (personal Club Lloyds with qualifying activity); from £8.50 per month (business)

• Open banking / Plaid: Compatible with August

• Branch access: Yes, extensive UK branch network, though closures are continuing

Lloyds Bank is one of the UK’s oldest financial institutions and part of Lloyds Banking Group alongside Halifax and Bank of Scotland. It offers a comprehensive range of personal and business current accounts alongside the mortgage and savings products that many landlords also hold with the group.

The Club Lloyds personal current account waives its monthly fee for customers who pay in a minimum amount each month, and comes with a range of lifestyle benefits and the standard infrastructure expected of a major retail bank. The free standard current account provides the essentials without conditions. Both are Plaid-compatible, allowing August to connect for automatic rent tracking.

Lloyds’ business current account range is more developed than that of Halifax and is worth considering for landlords with limited companies. The standard business account charges a monthly maintenance fee in addition to transaction fees for payments in and out, making the total monthly cost higher than the headline fee suggests. New customers typically receive a period of free banking when they open an account. The Lloyds business app integrates with accounting software including Xero and provides the transaction management tools expected of a mainstream business account.

One practical advantage for landlords who also have buy-to-let mortgages with the group is the consolidated view of finances available through the Lloyds online banking portal, though mortgage and current accounts remain in separate applications.

Best for: Landlords who prefer a full-service relationship bank with branch access, those with limited companies needing business accounts, and landlords who also hold mortgages or savings within the Lloyds Banking Group.

Monzo

• Type: Business current account (sole traders and limited companies)

• Monthly fee: Free (Lite plan); £9 per month (Pro plan)

• Open banking / Plaid: Compatible with August

• Branch access: None, digital only

Monzo is one of the UK’s most recognisable digital banks, with a large business customer base and more than nine million UK personal account holders. Its business account, available in Lite (free) and Pro (£9 per month) tiers, is a compelling option for landlords, particularly self-managing landlords who want strong mobile banking and straightforward digital tools.

The Monzo Business Lite account is free and provides instant UK bank transfers, real-time transaction notifications, the ability to separate funds into pots, and a business Mastercard debit card. For landlords using Monzo as a personal account, the consumer version also supports pots for ring-fencing funds, useful for setting aside money for repairs, maintenance, or the tax pot that many landlords find useful in the months before a self-assessment submission.

The Pro plan adds accounting integrations with Xero, QuickBooks, FreeAgent and Sage, invoicing tools, and tax pots that can automatically divert a set percentage of every incoming payment into a dedicated savings pot. This automated tax pot is particularly useful for landlords approaching the MTD threshold, providing a practical way to set money aside for payments throughout the year rather than discovering a large tax liability at year end.

Monzo is fully Plaid-compatible and August’s open banking connection works reliably with both the business and personal versions of the account. Rent payments received into a Monzo account will be automatically matched to the relevant tenancy in August, providing a real-time view of which tenants have paid, which have not, and the current balance across a portfolio.

Cash deposits are possible via the Post Office and PayPoint but are subject to monthly limits, which is a consideration for landlords who occasionally receive cash payments. Monzo became a fully licensed UK bank in 2017 and eligible deposits are protected by the FSCS up to £120,000.

Best for: Digital-first landlords who want a clean, app-led banking experience, those who value automated tax pots for quarterly planning, and landlords managing straightforward buy-to-let portfolios without a need for branch access or international payments.

NatWest

• Type: Personal current account or business current account

• Monthly fee: Free (personal); from £8.50 per month (business)

• Open banking / Plaid: Compatible with August

• Branch access: Yes, one of the UK’s largest branch networks

NatWest is one of the UK’s four major clearing banks and one of the most widely used by residential landlords. Its personal and business current account ranges cover the full spectrum from free standard accounts to premium packaged accounts with added benefits.

The NatWest Select account is a free personal current account with mobile and online banking, a debit card, and the standard infrastructure expected of a major retail bank. The app provides spending categorisation, transaction history and open banking connectivity via Plaid, making it fully compatible with August’s rent tracking.

NatWest’s business current account charges a monthly fee from £8.50, with new customers typically receiving a period of free banking when they open or switch. The business account integrates with FreeAgent accounting software, and NatWest was one of the first UK banks to include a FreeAgent subscription as part of its business account package. This remains a meaningful differentiator for landlords who want integrated bookkeeping without a separate software subscription, because FreeAgent supports MTD for Income Tax and can manage rental income records in the structure HMRC requires for quarterly submissions.

For landlords with limited companies, the NatWest business range extends to more sophisticated services, and relationship manager support is available for portfolio landlords managing significant rental income. NatWest also offers commercial lending and buy-to-let mortgage products through its intermediary channels.

Best for: Landlords who want a major high-street bank with branch access, those who value the included FreeAgent integration for MTD readiness, and portfolio landlords with limited companies needing a full-service business banking relationship.

Nationwide

• Type: Personal current account

• Monthly fee: Free (FlexAccount); from £13 per month (FlexPlus packaged account)

• Open banking / Plaid: Compatible with August

• Branch access: Yes, Nationwide has committed to maintaining its branch network until at least 2030

Nationwide Building Society is the world’s largest building society and one of the UK’s largest providers of mortgages. It does not offer a business current account, so landlords holding properties in a limited company will need to bank elsewhere for their business account. For personal landlords, however, Nationwide’s personal current account range is well regarded and widely used.

The FlexAccount is a free personal current account with no monthly fee. The FlexPlus account, at £13 per month, includes a range of insurance benefits, worldwide family travel insurance, family mobile phone insurance, and vehicle breakdown cover, that may represent good value for landlords who would otherwise buy these policies separately. The FlexDirect account offers an introductory rate of interest on balances and cashback on debit card spending for the first twelve months. From time to time, Nationwide also offers switching incentives for eligible new customers.

All Nationwide personal current accounts are Plaid-compatible and August’s open banking connection works with them reliably. The mobile banking app has been substantially improved in recent years and provides instant payment notifications, spending categorisation and statement downloads.

Nationwide’s commitment to maintaining its branch network is a meaningful differentiator from the high-street banks that are continuing to reduce their physical presence. For landlords, particularly older or less digitally confident ones, the assurance of continued branch access is genuinely valuable. As a mutual building society rather than a shareholder-owned bank, its organisational incentives differ from those of its competitors, which is reflected in consistently above-average customer satisfaction scores.

Best for: Personal landlords who want a free current account from a trusted institution with an extensive branch network, those who value the insurance benefits of the FlexPlus account, and whose primary concern is a reliable, no-fee account for receiving rental income.

Revolut

• Type: Business current account

• Monthly fee: From £19 per month (Basic plan, no free tier for business)

• Open banking / Plaid: Compatible with August

• Branch access: None, digital only

Revolut became a fully licensed UK bank in March 2026, when the Prudential Regulation Authority lifted its mobilisation restrictions and Revolut Bank UK Ltd began operating as a fully authorised bank. Eligible deposits held in the UK banking entity are now protected by the FSCS up to £120,000, and customers are being migrated across in phases. Before this, funds held with Revolut were protected as e-money rather than bank deposits, which was a meaningful distinction. The change is significant for landlords who had previously hesitated to hold substantial rental income balances with Revolut on protection grounds, though it is worth noting that any crypto holdings remain outside deposit protection.

Revolut Business is the most internationally capable of the accounts reviewed here. It supports over thirty currencies, offers competitive foreign exchange at the interbank rate during market hours, and provides FX forwards and limit orders on higher-tier plans, relevant for landlords with overseas income or international tenants. For UK domestic rental income, however, these features are largely irrelevant and the monthly fee represents a real cost compared with free alternatives.

Revolut Business does not offer a free plan. Its Basic plan starts at £19 per month, with higher tiers unlocking bulk payments, higher free transfer allowances and API access. For landlords with straightforward UK rental portfolios, this pricing is harder to justify than Starling’s entirely free offering unless the multi-currency or international payment capabilities are actively needed.

The Revolut app experience is generally well regarded, and the platform integrates with Xero, QuickBooks and other accounting software. Spending categorisation and team card features are strong for landlords with larger operations or employees. Revolut Business is Plaid-compatible and August’s open banking connection works with it, allowing automatic rent tracking in the same way as the other providers in this review.

Best for: Landlords with international income streams, portfolio landlords operating through limited companies with complex payment needs, and those whose banking requirements extend beyond domestic UK rent collection to multi-currency payments or regular international transfers.

Santander

• Type: Personal current account or business current account

• Monthly fee: Free (standard personal account); from £7.50 per month (business)

• Open banking / Plaid: Compatible with August

• Branch access: Yes, though Santander confirmed it will close 58 branches across the UK in 2026 and 2027

Santander is one of the UK’s major retail banks, with a substantial share of the personal and business current account market. Its personal current account range is straightforward and widely used; its business range is adequate but less feature-rich than some competitors.

The Santander Everyday Current Account is a free personal current account with mobile and online banking, a Visa debit card, and the standard infrastructure expected of a major retail bank. The app is functional and Plaid-compatible, making it suitable for landlords who use August for rent tracking. Santander has historically run a cashback programme for personal customers that provides rewards at selected retailers, of limited direct relevance to landlords but a feature some customers value.

Santander’s business current account range includes a standard account with a monthly maintenance fee, transaction fees, and a period of free banking for new customers. Customer satisfaction scores for its business banking have been mixed, placing it near the bottom of the major banks on this measure in recent surveys. For landlords who want a business account primarily for income separation and straightforward transaction management, the product is functional but not distinctive.

Santander is closing 58 branches across the UK in 2026 and 2027, reducing its physical presence. For landlords in affected areas, this is worth checking before committing to Santander as a banking relationship.

Best for: Personal landlords who already bank with Santander and want to keep their rental income within an existing relationship, those who value the cashback programme, and landlords in areas with continued Santander branch access.

Starling Bank

• Type: Business current account (sole traders and limited companies); personal current account also available

• Monthly fee: Free (no monthly fee on business or personal accounts)

• Open banking / Plaid: Compatible with August

• Branch access: None, digital only

Starling Bank is the standout choice for most self-managing landlords in 2026 who want a dedicated account for rental income without paying a monthly fee. Founded in 2014 as one of the UK’s first app-based banks, it now serves a large business customer base and consistently tops independent customer satisfaction surveys for business banking.

Starling’s business current account is entirely free. There is no monthly account fee, no charge for UK bank transfers, and no minimum balance requirement. This applies equally to sole traders and limited companies, making it suitable for landlords both with and without a corporate structure. The account includes a Mastercard business debit card, real-time transaction notifications, automated spending categorisation, receipt capture, and the ability to create separate Spaces for ring-fencing funds, useful for setting aside deposits, maintenance reserves or tax payments.

Starling integrates with accounting software via open banking live bank feeds, supporting Xero, QuickBooks and FreeAgent directly. Combined with its Plaid compatibility, this means rent received into a Starling account flows cleanly both into August for tenancy management and into your accounting software for tax records, with no manual exports, no CSV imports and no reconciliation delays.

The optional Business Toolkit adds invoicing, tax calculation and VAT submission capabilities within the banking app. For most individual landlords the core free account is sufficient, particularly for those using August to manage compliance and rent tracking alongside their banking. Starling does not accept cash deposits except through limited Post Office facilities, and does not offer a direct Sage integration, which those who use Sage-based accountants should note. International payments in currencies other than GBP and EUR are limited, and at the time of writing Starling’s USD business accounts are no longer accepting new applications. For domestic UK rental income, none of these limitations is likely to be relevant.

Eligible deposits with Starling are protected by the FSCS up to £120,000, and customer support is available twenty-four hours a day, seven days a week, via in-app chat and phone.

Best for: Self-managing landlords who want a dedicated, free account for rental income with excellent open banking connectivity, those who value a clean mobile experience with automated spending categorisation, and landlords who want zero monthly cost without sacrificing digital feature quality.

Comparison at a glance

A note on ANNA, Zempler, Paragon, Tide and Wise

Five further providers sometimes appear in discussions of bank accounts for landlords: ANNA, Zempler, Paragon, Tide and Wise. Their suitability varies, and their open banking position with August differs, so they are summarised separately here. Zempler, Tide and Wise are compatible with Plaid and can be connected to August’s automatic rent tracking. ANNA and Paragon are not currently supported via the Plaid connection that powers it, so landlords using either as their primary account cannot at this time connect it to August for automated rent matching. We would encourage landlords to verify the current position directly with each provider, as open banking connectivity continues to expand across the market.

ANNA is a UK business account and bookkeeping platform with a particularly strong MTD offering. It markets itself as a highly automated MTD for Income Tax solution, filing quarterly updates and the final declaration automatically once connected. Its account includes a debit card, automated bookkeeping, invoicing and a smart tax pot. ANNA’s MTD service can also be used with other bank accounts via open banking, without requiring a switch to the ANNA account itself. For landlords whose primary need is MTD compliance automation rather than a full banking relationship, this is worth investigating separately from the banking question.

Zempler Bank (formerly Cashplus) is a fully regulated British bank focused on microbusinesses, sole traders and SMEs. Its Business Go account is free of monthly charges and provides a business Mastercard debit card, an invoice generator, automated receipt capture and accounting integrations. Zempler rebranded from Cashplus in 2024 and holds full bank status with FSCS protection. It is compatible with Plaid and can be connected to August for automatic rent tracking, making it a credible option for landlords who want a straightforward, no-fee business account with open banking support.

Paragon Bank is a FTSE 250 specialist lender and savings provider, and one of the UK’s largest buy-to-let mortgage lenders. It offers savings accounts and cash ISAs with competitive rates, and its mortgage products are widely used by portfolio landlords. Paragon does not offer a current account designed for receiving rental income, but its savings products, including easy-access accounts and fixed-term bonds, are relevant for landlords looking to hold rental reserves or maintenance funds in a higher-interest vehicle. Paragon is not currently Plaid-compatible, and its savings structure means it is not a primary banking relationship in the way the other providers in this review are. It is included here because landlords sometimes ask about it.

Tide is a UK business account used by a large number of small businesses, sole traders and limited companies. It is not a licensed bank but is authorised and regulated by the FCA as an e-money institution, and deposits are FSCS-protected up to £120,000 through its partner bank, ClearBank. The account has no monthly fee on its free plan, though UK bank transfers are charged per transaction on that tier, a cost that adds up for landlords receiving rent from multiple tenants each month. Paid tiers remove transaction fees and add cashback, priority support and multi-user access. Tide integrates with a broad range of accounting software including Xero, QuickBooks, Sage and FreeAgent, and the app provides spending categorisation, receipt capture and invoicing. Cash deposits are possible via the Post Office and PayPoint, subject to a fee and a monthly cap. Tide is compatible with Plaid and can be connected to August for automated rent matching, so landlords using Tide can benefit from August’s open banking rent tracking in the same way as the main providers reviewed above.

Wise Business (formerly TransferWise) has grown into one of the world’s leading international money transfer and multi-currency account platforms. It is not a bank and does not hold a UK banking licence, so client funds are safeguarded under FCA e-money regulations rather than protected by the FSCS, which is a meaningful distinction for landlords holding substantial balances. The account supports over forty currencies, provides local account details in numerous countries, and prices foreign exchange transparently around the mid-market rate, making it the strongest option for landlords with overseas rental income, international tenants, or regular payments to contractors abroad. Opening the account is free on the entry plan, though receiving payments and setting up direct debits requires a higher plan with a one-off setup fee and no ongoing subscription. Wise integrates with Xero, QuickBooks and FreeAgent. For UK domestic rental income in sterling, however, Wise’s international strengths are largely irrelevant, and the lack of FSCS protection and branch access make it a supplementary rather than primary banking choice for most landlords. Wise is Plaid-compatible and can be connected to August for rent tracking.

Our recommendation

For most self-managing landlords in 2026, Starling Bank is the strongest starting point. It is entirely free, with no monthly fee regardless of whether you hold properties personally or through a limited company, offers excellent open banking connectivity with August, and has the most consistently positive customer satisfaction record of any provider in this review. The Spaces feature provides a practical way to ring-fence funds within a single account, the automated spending categorisation reduces manual bookkeeping, and the FreeAgent integration supports MTD readiness, with August supporting you through the quarterly submission cycle alongside it.

For landlords who want branch access alongside digital banking, NatWest is the best high-street option, primarily because the included FreeAgent subscription meaningfully reduces the total cost of an MTD-compliant record-keeping setup and offsets a significant portion of the monthly account fee.

For landlords already banking with a high-street provider and reluctant to switch, the open banking compatibility of all ten providers means August can connect to whichever account you currently use. Changing your bank account is not a prerequisite for using August’s rent tracking, but keeping rental income in a separate account, distinct from your personal spending, will make both your property management and your tax preparation substantially simpler.

You can explore how August connects to your bank account and automates rent tracking on the August features page, or read our Making Tax Digital guide for landlords for a full explanation of what MTD means for your banking and record-keeping.

Frequently asked questions

Do landlords need a business bank account?

It depends on how you hold the property. If you let in your personal name, there is no legal requirement to use a business account, and many landlords use a separate personal current account for rent. If you hold the property through a limited company, the company is a separate legal entity and you are required to use a business account in the company’s name. Either way, keeping rental money separate from personal spending is strongly advisable.

Can I use a personal bank account for rental income?

Yes, if you hold the property personally. A personal current account is perfectly adequate for receiving rent, and most of the personal accounts in this review are free. The practical recommendation is to use a dedicated account for rent rather than mixing it with everyday spending, which makes record-keeping, expense tracking and quarterly MTD updates far simpler.

What is the best bank account for a landlord?

For most self-managing landlords, Starling’s free business account is the strongest all-round choice on cost, app quality and open banking connectivity. NatWest is the best option for those who want branch access and value the included FreeAgent subscription for MTD. The right answer depends on whether you hold property personally or through a company, and whether branch access matters to you.

Are bank account fees tax deductible for landlords?

Business banking fees incurred wholly for a rental business are generally an allowable expense that can be deducted from your rental income, which reduces your taxable profit. The same applies to software subscriptions and many professional charges. Our guide to allowable expenses for landlords covers what you can and cannot claim.

Published April 2026. Last reviewed June 2026 by the August editorial team. Fee and feature information is correct at the time of review and sourced from providers’ published terms. Banking products change frequently, so always verify current terms directly with your chosen provider before opening an account. This article is for informational purposes only and does not constitute financial advice. FSCS protection limits are correct at the time of review.