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Coconut: Business Bank Account reviews

Name: Business Bank Account
Rating: 4.86 (209 reviews)

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4.85

Based on 209 reviews, last reviewed 15th Feb 2023

No new 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

93%

3 star

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

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

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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!

Coconut Business Bank Account reviews (209)

Review of the Coconut, Business Bank Account:

At my hart

Since day one they strive to grow and to offer grate futures , open banking it’s one of the latest implementation I’m proud to be a customer off Reviewed on: 6th February 2020

Brilliant Help for Small and Gig Worker's Tax

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

A banking and accountancy in a single app

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

A banking and accountancy in a single app

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

Excellent idea making banking and taxes easier for small businesses

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

Innovative and time saving solution

A very simple way to open payments account and a great solution to make tax simpler. Reviewed on: 30th November 2018

Promising idea

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

Game Changer

A real game changer! The integration of banking and tax services makes life easier Reviewed on: 30th November 2018

Everyone should use Coconut

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

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

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

Great banking solution for freelancers

This is a great banking solution for freelancers, who want to keep their personal and business accounts separate. Having looked at a lot of high street banks, most business accounts came with a fee attached, not only for the account itself but also to the different transactions you might want to make (e.g. BACS or DD payments). As someone just starting out as a full time freelancer, I didn't want to make that type of commitment. The account is very easy to set up and the card arrived in good time. Every time I've had a query I've received quick, helpful and polite responses from the team. The only niggle is that on a couple of occasions I've had to delete and reinstall the app, as the app failed to open. However, reinstalling has always sorted the issue. Overall I'm very satisfied with my experience of Coconut to date. Reviewed on: 27th November 2018

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Coconut: Business Bank Account reviews

No new 5 star reviews

No new 1 star reviews

Latest highest rating:

5

Latest lowest rating:

1

About this product

Coconut Business Bank Account reviews (209)

At my hart

Brilliant Help for Small and Gig Worker's Tax

A banking and accountancy in a single app

A banking and accountancy in a single app

Excellent idea making banking and taxes easier for small businesses

Innovative and time saving solution

Promising idea

Game Changer

Everyone should use Coconut

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

Great banking solution for freelancers

Join Smart Money People

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