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Coconut: Business Bank Account reviews

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4.85
Based on 209 reviews, last reviewed 15th Feb 2023
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Latest highest rating:

5

No longer s bank account but great for accounting The best customer service experience, fast, friendly and knowledgeable Reviewed on: 15th February 2023
Adam De-Ste-Croix's avatar
Adam De-Ste-Croix

Latest lowest rating:

1

Coconut refused to pay for their mistake! Coconut failed to close my account for months which means my money was "frozen" there as they restricted my access. They even charged me transaction f... Read more Reviewed on: 10th September 2021
Pat Lok Theo IP's avatar
Pat Lok Theo IP
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About this product

Want to read reviews of the new “bank account for freelancers” Coconut? See what other freelancers have said on Smart Money People - whether it was the usefulness of the app, the availability of funds, or anything else to do with day-to-day use of Coconut. Already used this this innovative account? Share a review on Smart Money People to help other freelancers!

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Coconut Business Bank Account reviews (209)

Perfect for small business.

5
It's great finally having a simple bookkeeping solution that is easy to keep up-to-date. Reviewed on: 30th November 2018
Aaron's avatar
Aaron

Brilliant Help for Small and Gig Worker's Tax

4
Under the current trend of Start-Ups and gig works under the Gig economy, it's rrally useful for Uber/ViaVan and Deliveroo workers! It ease out the fuss and help me and alike to workout what I need to pay to HMRC. Reviewed on: 30th November 2018
Irene's avatar
Irene

A banking and accountancy in a single app

5
It allows me to generate a running tax estimate and categorise my spending. Reviewed on: 30th November 2018
Shabawazawhodo's avatar
Shabawazawhodo

A banking and accountancy in a single app

5
It allows me to categorise my spending and get a running tax estimate. Reviewed on: 30th November 2018
Shabawazawhodo's avatar
Shabawazawhodo

Excellent idea making banking and taxes easier for small businesses

5
Finally a banking platform that thinks of the small business owner, aligning banking with an easier means of reporting taxes. The app allows me to separate my banking transactions between allowable expenses and non allowable expenses meaning at the tax year end I already have a base to help me submit taxes, this saves me time and therefore improves efficiency. Reviewed on: 30th November 2018
Mark Yellon's avatar
Mark Yellon

Innovative and time saving solution

5
A very simple way to open payments account and a great solution to make tax simpler. Reviewed on: 30th November 2018
Max Karpis's avatar
Max Karpis

Promising idea

5
Although the app is not yet fully functional, it will reduce my work load significantly over the next year. I am already able to use it for most basic things. Reviewed on: 30th November 2018
Ville Forsman's avatar
Ville Forsman

Game Changer

5
A real game changer! The integration of banking and tax services makes life easier Reviewed on: 30th November 2018
Georges Olivier Bechard 's avatar
Georges Olivier Bechard

Everyone should use Coconut

5
Coconut has revolutionised my banking and the way I do my bookkeeping for my business. It makes my life easier and has streamlined so many complex processes that used to take up valuable time in my day. I cannot recommend it enough! Reviewed on: 30th November 2018
Sophie Clayton's avatar
Sophie Clayton

A great way to keep on top of your taxes if you are self-employed

4
One of the biggest causes of small businesses closing is cashflow problems. This is often due to not being able to meet the tax bill at the end of the year. With Coconut you are able to get a good sense of your tax estimate but also log your taxable expenses when bought using your Coconut card and upload the receipts straight away so you don't have to go around hunting for receipts at the end of the tax year. As a self-employed person I feel that it is saving me on accountancy expenses although as a business grows and the finances become more complex it can be used in tandem with an accountant. Reviewed on: 29th November 2018
Michaela B's avatar
Michaela B

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