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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

Great banking product

Any issues are sorted out almost instantaneously. Easy to use platform . Friendly team . Reviewed on: 27th November 2018

Making life easier for freelancers

I was so excited about the app when I first heard about it as banking was an area that I'd found really frustrating as a sole trader. Coconut didn't disappoint, and I love that you can easily categorise your spending in one place. The team are great - really responsive and communicative - and I'm looking forward to all the new features they'll be launching in the coming months such as invoicing. Reviewed on: 27th November 2018

Great service for freelancers

It's really encouraging having extra support in organising finances as a self-employed person, I'm happy with the current system but looking forward to extra functionality being added down the line. Reviewed on: 26th November 2018

Great customer service, user friendly app!

Really enjoying Coconut, the customer services is superb. Very helpful and friendly folk at the end of the phone or app. It's great keeping on top of finances with little work form my side, it's all done for me. Overall, it's fabulous! Highly recommend :-) Reviewed on: 26th November 2018

Great App and excellent service

Coconut is brilliant in that it instantly logs your transactions and you can then take a photo of the receipt and attach it to the transaction straight away. Meaning you don't have to keep all your receipts. It also roughly calculates your tax which is helpful! Their customer service is also brilliant. Thanks Reviewed on: 25th November 2018

Great

Excellent! easy to use and functional. Reviewed on: 24th November 2018

Fabulous service for small businesses

App is easy to use making it quick and reliable when paying out. Their support service is second to none, love being able to message the team and get a fast response and also feel like you’re taking to a friend instead of faceless/stuffy bank. I feel Coconut gets it, they are with you and as a start up this is reassuring and therefore I view as an extension of my business. Love their branding and card design! Reviewed on: 24th November 2018

Best banking solution

Transformed my life. Hate doing tax returns. Now it’s all done for me. Thank you! Reviewed on: 24th November 2018

Super easy business banking for the self employed

I was looking for a free business account that I could use for self employed work I do on the side of a regular job and this came up. It was so easy and quick to set up - all in the app - and I was up and running the same day. A massive plus is it’s tax report and that fact it will take into account my regular job as well as the self employed work. None of the accounting software I have used before did that. Getting an estimate of the tax I need to pay before sending off the tax return is a great idea too! So I know what to expect when it comes round. Highly recommend Coconut for business banking! Reviewed on: 24th November 2018

Pretty near perfect

Just what a freelancer needs from a bank. And for the things you wish it did, you can see them on their development timeline. Great to have a bank you can trust Reviewed on: 24th November 2018

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