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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:

Simply brilliant

Helpful from start to finish. Nothing to worry about any of the time. Reviewed on: 2nd January 2020

New start up business and new customer to Coconut

i have started a new business and opened an account with coconut. I had my first invoice paid in and the next morning my account was frozen due to money laundering/fraud checks. As a new business all of my business funds was paid in which subsequently means I now cannot run my business and work with my clients. I have forwarded the invoice and still my account is frozen. This is a completely poor service as anti money laundering/fraud checks should be carried out prior to opening any new accounts?! Coconut have now jeopardised my business and my relationship with my new clients. I would not recommend opening an account with this organisation and I have learnt the hard way. Stick to major high street banks for peace of mind and level of professional service as I will be doing in future. Reviewed on: 10th July 2019

Avoid or lose your money!

This bank is a scam! Blocked your account with your money inside and ignores your messages ! Reviewed on: 30th April 2019

Accounts & Finance Made Easy

Coconut and their service made running my business so much easier. The service is intuitive and simple; I can't see me using any other account in the future. Reviewed on: 31st January 2019

Incredible team with an incredible app - tax made easy

I've loved being an early user of Coconut - the service and connectivity with their people is amazing - from super responsive in app chat, to hosted events in their offices. The app itself is superb, providing all the functionality that a freelancer needs to manage their financial and tax affairs. Sharing their roadmap and welcoming suggestions in feedback just rounds off the great experience of being a Coconutter! Reviewed on: 29th January 2019

Fantastic Concept

Great idea and App. Huge opportunity to assist with business finances. Reviewed on: 19th January 2019

... No more tax woes!

Having a tough time working out what this tax kerfuffle is? Coconut is hooking you up with a solid product that combines business banking and account management with a good transaction history and invoicing built in! It even works out how much tax I have to pay on the fly so no more playing the guessing game! Reviewed on: 18th January 2019

Very useful current account!

Simple to use and very useful. Reasonable pricing and a perfect tool for those who are self-employed. Get rid of that tax headache. Let Coconut do the jo! Reviewed on: 18th January 2019

Great app covering a huge business need

Coconut covers a big need for UK businesses Reviewed on: 18th January 2019

Soon to be perfect.

Perfect bank and mobile app for sole traders. Only missing a few things like invoicing and monthly income/expenses but they are working on it, so good enough. Reviewed on: 15th January 2019

Best ever

With coconut I’m so happy cause every time I used my card I got flashback on my phone to tell me how much I have used . I went to Belgium and then I used my coconut contactless with no problem, also when I got paid , the money doesn’t take so long to show on my account which is coconut is the best and I won’t hésites to recommande all my friends. Reviewed on: 14th January 2019