Cashplus business account is now offered by Zempler Bank, following Cashplus Bank’s 2024 rebrand. Zempler provides three business account plans for UK small businesses, including a £0 monthly-fee option, with features such as online and app banking, invoicing, accounting tools, receipt capture, and Post Office cash deposits.
Is Cashplus Now Zempler Bank?
Yes. Cashplus Bank officially rebranded as Zempler Bank on 9 July 2024. Zempler states that the change did not create a new bank for existing customers. Account numbers, sort codes and login details remained the same as part of the change.
The business had previously operated as Cashplus Bank after receiving a UK banking licence in February 2021. Zempler Bank Limited is authorised by the Prudential Regulation Authority and regulated by both the PRA and Financial Conduct Authority within their respective responsibilities.
This distinction matters when researching the account. Older reviews, fee documents and search results may still refer to “Cashplus Business Go,” “Cashplus Business Extra” or “Cashplus Business Pro.” Current customers and applicants should check Zempler’s latest information rather than relying on historical Cashplus pricing.
Cashplus Business Account Options and Fees
The former Cashplus business account range continues under Zempler with three main tiers. Business Go has no monthly account fee, while Extra and Pro charge monthly fees in exchange for larger payment allowances and additional features.
| Feature | Business Go | Business Extra | Business Pro |
| Monthly account fee | £0 | £9 | £19 |
| Outgoing UK payments/transfers | 3 free per month, then 35p | 20 free per month, then 35p | 500 free per month, then 35p |
| Incoming payments/transfers | Free and unlimited | Free and unlimited | Free and unlimited |
| UK ATM withdrawals | £2 | Free | Free |
| Additional cards | £5.95 each | £5.95 each | First 5 free, then £5.95 each |
| Cash deposit charge | £4 minimum or 0.55% | £4 minimum or 0.55% | £4 minimum or 0.55% |
| Non-sterling card spending | 2.99% | Fee-free from Zempler | Fee-free from Zempler |
| Cashback | No | Up to 0.5% | Up to 1% |
| Account balance limit | £500,000 | £500,000 | Unlimited |
These figures are based on Zempler’s published pricing available at the time of writing. Cashback, foreign transactions, cash deposits and other services can have conditions or third-party charges, so businesses should check the current tariff before applying.
Business Go
Business Go is the entry-level option and has no monthly account fee. It provides three free outgoing payments or transfers each month, after which Zempler currently charges 35p for each additional payment. Incoming payments are free and unlimited.
That structure can work well for a sole trader or small business receiving customer payments but making relatively few transfers. The economics become less attractive as payment volume increases.
For example, suppose a business makes 40 outgoing transfers in a month. After its three free Business Go transfers, 37 chargeable transfers at 35p would cost £12.95. At that transaction volume, looking only at the £0 headline monthly fee could therefore be misleading.
Business Extra
Business Extra costs £9 per month and includes 20 free outgoing payments and transfers each month. Additional transfers cost 35p. It also offers up to 0.5% cashback on qualifying card spending and in-app messaging support.
Extra may therefore make more sense for a business that regularly pays suppliers or contractors, particularly when its transaction pattern would otherwise generate significant per-transfer charges on Business Go.
Business Pro
Business Pro costs £19 per month and includes up to 500 free outgoing payments and transfers each month. It also offers up to 1% cashback on qualifying card spending and additional features aimed at businesses with greater banking activity.
The Pro tier is more likely to appeal to an established small business processing a larger number of payments. The monthly fee means it is less compelling for businesses that barely use the account, so the choice should be based on expected activity rather than the number of features alone.
What Features Does the Cashplus Business Account Include?
The current Zempler business accounts combine standard current-account functions with tools intended to reduce some of the administration involved in running a small business.
All three tiers currently include integrated accounting functionality, digital invoice creation, receipt capture, cashflow tracking, set-aside pots and a Making Tax Digital integration tool.
These features can be particularly useful for sole traders and small companies that want banking and basic financial administration in the same environment. They do not, however, automatically replace professional bookkeeping, accounting or tax advice where a business has more complicated requirements.
Cash deposits through the Post Office
A useful feature for businesses handling physical cash is the ability to make deposits through participating UK Post Office branches. Zempler advertises access to around 11,500 Post Offices.
Cash deposits are not free. Zempler’s current published tariff states a £4 minimum charge or 0.55% of the amount deposited, with limits applying.
The minimum charge is particularly relevant to businesses making small, frequent deposits.
For example, a £200 cash deposit would produce a percentage charge of only £1.10 at 0.55%. Because the £4 minimum applies, the effective cost would instead be £4, equivalent to 2% of that £200 deposit.
A cash-heavy retailer depositing £200 every working day could therefore incur materially higher costs than a business depositing larger amounts less frequently. Businesses such as market traders, cafés and independent retailers should calculate their likely deposit pattern before choosing an account.
Business debit cards and additional cards
Business accounts include a card, and businesses can add cards for other users. Zempler’s current pricing permits up to 20 additional cards, although charges depend on the account tier. Business Pro includes five additional cards free before the standard additional-card charge applies.
Additional cards can make expense management easier when employees need to make purchases without using a director’s personal card. Businesses should still establish internal spending and receipt policies rather than relying solely on card access controls.
International spending and payments
Businesses trading internationally should examine this area carefully.
Business Go currently has a 2.99% non-sterling card transaction fee, whereas Zempler states that Business Extra and Business Pro do not have a Zempler charge for card spending abroad. International incoming payments can cost up to £22 per payment, while fees for outgoing international payments are shown through the app or Online Banking.
A company regularly receiving payments from overseas customers should therefore compare international-payment costs separately from the account’s monthly fee. A low-cost domestic account is not necessarily a low-cost international banking solution.
Who Can Apply for a Cashplus Business Account?
Cashplus’s account terms state that applicants must be at least 18 and legally resident in the UK, while the business itself must be UK-based. The bank verifies applicants’ identity and residential address and may request supporting documentation.
Historically, Cashplus terms have listed business structures including sole traders, partnerships, limited companies, trustees and other approved legal entities as potentially eligible, subject to further criteria.
Meeting the basic criteria does not guarantee acceptance. Banks must carry out identity, fraud and financial-crime checks, and additional information can be required depending on the business, ownership structure and intended account activity.
Applicants should be prepared to provide accurate information about the business and the people responsible for it. A bank may also need to understand matters such as the nature of the business and source of funds as part of its due-diligence obligations.
How to Open a Cashplus Business Account
Because Cashplus is now Zempler Bank, new applicants should use Zempler’s current application process rather than searching for an old Cashplus application form.
Zempler says applicants can apply online in minutes and, once approved, manage the account through its app or Online Banking.
A typical application involves providing personal details, information about the business and information needed for identity and eligibility checks. The bank may request additional evidence if automated checks cannot provide everything required.
Before applying, have accurate business and personal information available and make sure the details you provide match official records where applicable. Discrepancies in names, addresses or company information can create additional verification steps.
Approval should not be assumed to be instant simply because the initial form can be completed quickly. Applications requiring additional checks can take longer.
Is Money in a Cashplus Business Account FSCS Protected?
Zempler’s current business-account pricing states that eligible deposits receive Financial Services Compensation Scheme protection up to £120,000.
This is an area where older Cashplus articles can be particularly misleading. Historical Cashplus documentation refers to the former £85,000 FSCS deposit-protection limit. Businesses researching the account should therefore check the current protection rules rather than copying the figure from an old review or archived Cashplus document.
FSCS eligibility and how protection applies can depend on the depositor and circumstances. A business holding substantial cash reserves should confirm its eligibility and current protection directly rather than assuming every pound in every type of account receives identical coverage.
Does the Cashplus Business Account Offer an Overdraft?
Overdrafts are available by invitation, rather than being a standard facility automatically included with every business account.
Zempler’s published business-account service information for 30 June 2026 showed arranged-overdraft annual interest rates ranging from 18.33% to 69.98%, with advertised APRs during the relevant quarter ranging from 19.9% to 69.9%. The precise cost therefore depends on the offer made to the business.
An overdraft should consequently be treated as a separate credit product rather than a reason to assume the current account automatically provides inexpensive working capital.
Businesses expecting regular cashflow gaps should compare the actual offered APR and borrowing limit with alternatives such as a business credit card, line of credit or other suitable finance.
What Are the Main Advantages and Limitations?
The Cashplus business account, now offered by Zempler, is strongest when its features match the actual way a business handles money.
| Potential advantage | Limitation to consider |
| £0 monthly Business Go option | Only 3 outgoing payments are free each month on Go |
| Online and app-based banking | Businesses wanting extensive branch banking may prefer another provider |
| Post Office cash deposits | Cash deposits carry a fee |
| Built-in invoicing and receipt tools | These tools may not replace full accounting software for complex businesses |
| Free unlimited incoming transfers | Outgoing payment allowances depend on the plan |
| Extra and Pro can offer cashback | Cashback is subject to eligibility and limits |
| Additional employee cards available | Card charges vary by tier |
| International functionality available | International payment and foreign-spending costs require careful comparison |
| Eligible deposits have FSCS protection | Protection remains subject to FSCS eligibility and limits |
| Overdrafts may be available | They are invitation-only and borrowing costs can vary substantially |
For a freelancer who receives a handful of client payments and makes very few bank transfers, Business Go could provide the necessary everyday banking without a monthly account fee.
A business making dozens or hundreds of supplier payments has a different cost profile. For that company, paying for Extra or Pro may potentially reduce transaction costs while unlocking other useful features.
Is a Cashplus Business Account Good for Sole Traders?
It can be a practical option for a UK sole trader who wants a dedicated business account without committing to a monthly fee. Business Go is particularly relevant because its headline monthly fee is £0 and incoming payments are free and unlimited.
The more important question is how the sole trader uses the account.
A consultant receiving five client payments each month and making only two or three transfers has very different banking needs from a tradesperson who pays numerous suppliers, regularly withdraws cash and makes frequent purchases overseas.
Rather than choosing Business Go simply because it is free, estimate a typical month’s activity and calculate the resulting fees.
Which Cashplus Plan Offers the Best Value?
There is no single cheapest plan for every business. Transaction behaviour determines value.
Consider a simplified example of a company making 30 outgoing bank transfers every month.
With Business Go, three are included and 27 would cost 35p each, producing £9.45 in transfer charges.
With Business Extra, the monthly account fee is £9, 20 transfers are included and the remaining 10 would cost £3.50. That produces a simplified monthly total of £12.50 before considering other activity or benefits.
Business Pro would cost £19 per month, but all 30 transfers would fall comfortably within its 500-payment allowance.
In this example, Business Go remains cheaper if outgoing transfers are the only consideration. But the answer could change if the business also makes ATM withdrawals, spends abroad or earns enough eligible cashback to offset part of a paid plan’s cost.
The useful comparison is therefore:
monthly account fee + transaction charges + cash charges + international costs – applicable benefits
That figure gives a much better indication of the real cost than the advertised monthly fee alone.
Who Is the Cashplus Business Account Best For?
The account is worth considering for UK sole traders, startups and small businesses that want digital banking while retaining a way to deposit physical cash.
Business Go is particularly suited to businesses with relatively low transaction volumes. Extra becomes more relevant when the business makes more payments, wants in-app messaging or can make meaningful use of eligible cashback. Pro is aimed more towards established businesses with substantially higher payment volumes and requirements such as additional cards or dedicated telephone account management.
The account may be less attractive for a business that relies heavily on frequent small cash deposits, needs extensive branch-based banking, expects an automatic overdraft, or has substantial international banking requirements that would be cheaper through another provider.
Conclusion
A Cashplus business account is now a Zempler Bank business account, so anyone considering Cashplus today should use Zempler’s current fees and eligibility information rather than relying on older Cashplus reviews.
The three-tier structure gives businesses a meaningful choice. Business Go offers a £0 monthly fee for relatively light banking activity, Business Extra adds a larger payment allowance and other benefits for £9 per month, while Business Pro costs £19 per month and is designed for businesses with much higher transaction volumes.
The best choice depends on more than the monthly fee. Estimate how many transfers, ATM withdrawals, cash deposits and foreign transactions your business makes in a normal month, then compare the resulting total cost. That calculation provides a much more reliable basis for choosing an account than simply selecting the plan with the lowest advertised fee.
Fees, limits, eligibility requirements and product features can change. Check Zempler Bank’s current terms before opening an account or making a financial decision.
FAQ’s
Cashplus Bank no longer operates under the Cashplus name. It rebranded as Zempler Bank on 9 July 2024. Existing customers kept the same account details as part of the rebrand.
The account now offered as Zempler Business Go has a £0 monthly fee, but that does not mean every service is free. For example, only three outgoing payments or transfers are included each month before a 35p charge applies, and cash deposits and ATM withdrawals can also carry charges.
Cashplus historically accepted eligible sole traders, and the current Zempler business account range is designed for UK small businesses including sole traders, subject to eligibility and verification requirements. Applicants must satisfy the bank’s current criteria.
Yes. Current Zempler business accounts allow cash deposits through participating UK Post Office branches. The current published charge is a £4 minimum fee or 0.55% of the total amount deposited, with limits and conditions applying.
Zempler lists overdrafts as available by invitation on its Business Go, Extra and Pro accounts. Availability is therefore not guaranteed simply because you open a business current account.
Yes. The business behind Cashplus received a UK banking licence in February 2021. Cashplus Bank subsequently rebranded as Zempler Bank in 2024. Zempler Bank Limited is authorised by the PRA and regulated by the PRA and FCA within their respective responsibilities.
