Starting up your own business for the first time can prove to be more difficult than one would expect. Finding and choosing the right bank account is just one of the most essential part of the process, which requires plenty of time and consideration before signing on the dotted line. The problem arises when you begin the search for the right business bank account - which one should you choose. All businesses start small so getting a small business banking account will help you set your business off into the right direction.

With any business, there are many things to consider and follow; these include things like transactional costs, the kind of relationship you would want from your bank, borrowing costs and the kind of services your bank will offer you. Below is a rough guide on small business banking, how to find the right business bank account for you and what to consider before making your final choice.

1.If you have a limited company or in a business partnership you must open a business account tailored for your business. Only as a Sole Trader would you be able to use your own personal account.

2.For small business banking, you should aim to look for a good bank that has a small-dedicated team of business people. This way you are more likely to have a good relationship with them.

3.You do not necessarily have to open a business bank account with the bank branch you have been with for many years, as they may not provide you with the best deals on their small business banking. It is always best to shop around, because you will find that different banks offer different deals, which may mean a good rate for you.

4.With the above in mind, it is a good idea to spend a little more of your time to compare rates from different business banking accounts. You can always do this by looking them up on the internet or actually requesting information directly from them.

5.Never go for a bank that you have never heard of, always opt towards the ones that are reputable and are well known. If there is one thing to be mindful about is their proven track record in good quality services, what do they have to offer and what are their facilities. This may also include internet banking.

6.What are their fixed rates, charges and fees? What are their interest rates on business accounts and what (if any) are the 'extras' given for opening an account with them (credit cards, free statement delivery etc)?

7.Always remember that working with a small business banking team will mean that the set up process will be quicker, smoother and you will gain a more personalised service.

It is vital that you have done enough research and gained plenty of knowledge before you make the move with your chosen bank. Read up articles and forums, so you can get a better insight from experienced business people.

Once you are happy with all of your researching and the time you have taken to finding the right bank account, you will need to have the following in place before you can get permission to proceed.

For limited companies, you will need to bring with you a certificate of incorporation; identity checks such as drivers licence, passport, birth certificate and any utility bills; a complete list of signatories who are able to sign cheques (if more than one signature is needed on company cheques). You bank will provide a mandate which you will need to complete and bring with you. Keep in mind that you will not be made to stay with your bank on a strict contract, so you will be free to change it later if you need to.