CardOneMoney, formerly known as CardOneBanking, is a business bank account that promises to be faster and easier to manage than a conventional bank current account. Based entirely online, customers can manage their accounts 24/7 on the app and on a desktop. Currently, there are 80,000 account holders across the UK.
CardOneMoney Business Banking Services
Current Accounts
The CardOneMoney account has all the usual features – payments, transfers, UK call centres, Direct Debits, and a debit card. Business will receive up to four free prepaid Corporate MasterCards, which they can share with their team. You’ll also get text alerts when cash comes into your account.
There’s a minimum monthly charge of £12.50, and an account set-up fee of £55. There are also separate fees for ordering additional cards, withdrawing from an ATM, and making a variety of payments.
You can pay physical cash into your account at Barclays branches and the Post Office.
Savings account
Not available.
Overdrafts
Not available.
Business finance and loans
Not available
CardOneMoney Reviews and Ratings
There are 94 reviews on Trustpilot (from both personal and business customers), and 88% rate CardOneMoney’s service as ‘Bad’. A few people are fairly satisfied, but the majority claim they’ve had trouble accessing their own accounts, it’s difficult to get answers on the phone, and their normal transactions have been reported as fraud.
There’s just one review on Smart Money People. This reviewer thinks the service is easy to manage and ‘no fuss’.
There are no public reviews on Reviews.co.uk. CardOneMoney isn’t included in the Which? list of ‘Best & Worst Banks’.
CardOneMoney won Best Business Card Programme at the 2014 Cards And Payments Awards Show.
Trustpilot – 1.5/5 (based on 94 reviews)
Reviews.co.uk – not available
Smart Money People – 5/5 (based on 2 reviews)
Which? – not included
Pros
- Manage your account online 24/7.
- Open an account in just a few hours.
Cons
- As well as a monthly fee and set-up fee, there are fees for most account transactions.
- Reviews are critical of customer service and general account management.
- Doesn’t have the same perks offered by other challenger banks.
Website: CardOneMoney Business Banking