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 desktop. Currently, there are 80,000 account holders across the UK.
CardOneMoney Business Banking Services
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.
Business finance and loans
In October 2019, the owner of CardOneMoney launched the Platinum Business Loan. There’s currently no information about it on the website, so it’s unclear what the terms are and how much customers can raise. Applications can currently only be submitted through the app.
CardOneMoney Reviews and Ratings
There are only 35 reviews on Trustpilot (from both personal and business customers), and 86% 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.
- Manage your account online 24/7.
- Open an account in just a few hours.
- 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