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Proud Partners of Team GB
Sprint ahead with our choice of business bank accounts
What do our business accounts give you?
Our business customers choose to bank with us for lots of reasons. Here are some of them:
There’s no monthly fee (find out more about how this works)
Easily manage your account using our mobile app (criteria apply)
Understand your business finances better with our online accounting software, FreeAgent
Safety and security – we’ll give you information to protect you from scams and fraud.
Free everyday banking for 2 years when you switch your business account to us
If you've got an annual turnover of up to £2m and switch your account to us using the full Current Account Switch Service, we'll give you 2 years of free business banking.
Everything will be moved across from your old account to your new account for you, all within 7 working days, including Direct Debits and Standing Orders.
Switch offer is not available to customers switching a NatWest or Ulster Bank business current account to Royal Bank of Scotland.
Current Account Switch Guarantee (PDF, 60KB)
Your Guide to switching your account to us (PDF, 532KB)
Free banking means the charges for the day to day running of your account (known as your service charge) won’t apply during the free banking period. Charges for unarranged borrowing, Bankline, international payments and any additional services are not part of the free banking offer. At the end of the free banking period, you’ll be automatically moved to the Standard Tariff. Offer can be withdrawn or amended at any time.
Business banking is available to eligible customers who are over 18. Specific account and service eligibility criteria apply.
Build on your potential with our Start-up account
A Royal Bank of Scotland account with extra support for your start-up, plus free banking on everyday transactions for 2 years
- For businesses trading less than a year with turnover of less than £1m
- Free programmes that could help you grow and support that could help you run your business better (some services available to customers and non-customers)
- Connect with experts who could take you further and help achieve your goals sooner
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Grow stronger with our Business bank account
Achieve your goals with free banking on everyday transactions for 2 years* when you switch to us.
- Our account for businesses with turnover above £1m. Or, for businesses with turnover below £1m who have been trading for over a year.
- A dedicated Relationship Manager to look after your business (turnover and eligibility criteria apply)
Switch offer is available for customers whose projected or existing turnover is below £2m, and who make a full switch to a Royal Bank of Scotland business bank account using the Current Account Switch Service (CASS). It's not available to customers switching a NatWest or Ulster Bank business current account to Royal Bank of Scotland.
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Make a big impact with a Community bank account
Charity, club or other non-profit? Check out the Royal Bank of Scotland Community account
- Existing Royal Bank of Scotland personal or business banking customers are eligible to apply for free banking if your community account's annual credit turnover is less than £100,000 and remains at this level
- Everyday support from texts and email alerts
- Authorise up to four individual signatories
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Specific account and service eligibility criteria apply.
What you need to open a business account
Participating providers of UK business bank accounts have agreed to a basic set of information that they will need from you to set up your UK business current account. Find out what you’ll need to provide using the simple business banking checklist from UK Finance, the UK’s leading trade association for financial services.
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See how our accounts compare
If you’d like to see how our Business Bank account products stack up against the others in the market, you can compare them at the following websites (suggested by the UK Government's Competition and Markets Authority):
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Switch to us from another bank
The Current Account Switch service will do all the work for you, moving everything across from your old account to your new account, all within 7 business days, including Direct Debits and Standing Orders. Simply apply for any of our business accounts and tell us you’re switching.
Current Account Switch Guarantee (PDF, 60KB)
Your Guide to switching your account to us (PDF, 532KB)
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Business savings accounts
Make your money work as hard as you do with a Business Savings account. As an example, our Liquidity Manager 95-day Notice Account has an interest rate of 3.75% AER, 3.69% Gross p.a. (variable).
Eligibility criteria apply. Interest rates are subject to variation. Early withdrawals from the Liquidity Manager Notice Accounts are not permitted.
Payments by Tyl
Use our simple solution, Tyl, to take payments in-store, online or over the phone (eligibility and fees apply.)
Have a look at some of our service measures
If you want to see how we have performed on key service areas, you can get a detailed view here.
How fees work for our business accounts
Business accounts can often seem complicated when it comes to charges. We’re here to help you find ways to save and learn more about what you’re charged for. And although RBS start-up business account holders don’t pay transaction fees for the first 2 years anyway, it’s always worth understanding how you can reduce your charges after that period ends.
Explained: the application process
It pays to have a business plan
Every successful business starts with a plan. We have six key do’s and don’ts and tips on how to write yours.
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Six successful growth strategies
Our experts have put together six ways to help ensure your business is a success. We think it's essential reading.
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Scaling up your business
When you're looking to take your business to the next level, we're here to support you.
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