A new challenge for business banking

Challenger banks have been disrupting personal banking for a while. Now they’ve got their sights set on business accounts.

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Much of the talk of challenger banks, including that on this page, has focused on personal banking current accounts, payments and loans. But most of the money to be made from "traditional" banking comes from business customers. Unlike individual accounts, business ones are rarely free. Competition is fierce, and the big banks are often on the receiving end of customer-service horror stories in the press. If personal banking can be disrupted, then so too can business banking.

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Ben Judge

Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website, scotsman.com, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.

Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin. 

As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.