Switch your business bank account to Royal Bank of Scotland

You can find more information on the Current Account Switch Service website.

You’ll need to:

• complete one of our business account applications 
• answer 'Yes' when we ask if you want to switch your business account from another UK bank to us (we'll ask this in the 'Existing banking relationships' section of your application)
• provide 6 months statements from your existing business current account.

We’ll validate your application the day we receive it, and if we have all the information we need, we’ll start your switch process.

If we need more information to start the switch, we’ll get in touch with you.

If you need an update on the progress of your switch, you can give us a call: 

UK: 0345 600 2230

Relay UK Service: 18001 0345 600 2230

+44 345 600 2230 (outside the UK)

Calls may be recorded.

The criteria for the two switching services are different.

Full switch using the Current Account Switch Service

Your entity needs to be a small business:

• with an annual turnover and/or balance sheet total under £6.5m, and less than 50 employees, or
  
• a charity with an annual income of less than £6.5m, or
• a trust with a net asset value of less than £6.5m.

Partial switch

This is when you: 

• aren’t eligible for the full Current Account Switch Service
• met the eligibility criteria for the full Current Account Switch Service but choose a partial switch provided by Royal Bank of Scotland instead (maybe because you wanted up to 90 days to switch, or you wanted to choose which Standing Orders and Direct Debits to transfer, for example)
• opted for the full Current Account Switch Service but still hold security at your old bank so you don’t meet the full Current Account Switch Service criteria

To receive the 2-year free banking offer, you'll need:

• to make a full switch using the Current Account Switch Service
• to have a projected or existing annual turnover not exceeding £2m
• to switch from an eligible business bank account; the switch offer is not available to customers switching a NatWest or Ulster Bank business current account to Royal Bank of Scotland, and is not available to customers switching from a personal account to a business bank account.

If your turnover is above £2m, you can still use CASS to switch your account to Royal Bank of Scotland as long as you meet the criteria above, but you won't be eligible for free banking.

We won't switch any standing orders with a frequency over a year into the new account. Once your account's open, you'll be able to set up standing orders with a frequency of up to 1 year.

• It’s free to use.
• It’s backed by the industry-wide Current Account Switch Guarantee, which ensures that in the unlikely event that something goes wrong, any bank charges would be fully refunded.
• Your switch will be completed within 7 business days.
• You can choose a switch date – so the switch from your old bank to us will take place on an agreed day.
• All existing Standing Orders, Direct Debits and future-dated payments will be transferred across as part of the switch.
• Your old account will be automatically closed and any balances transferred.
• All your payments are redirected once your switch is complete. This catches any stray payments that might be accidentally made to the old account after your switch is complete.

We won't switch any standing orders with a frequency over a year into the new account. Once your account's open, you'll be able to set up standing orders with a frequency of up to 1 year.

• It’s a free service offered by Royal Bank of Scotland, but it isn’t backed by the Current Account Switch Guarantee.
• Your switch must be completed within 90 days.
• Your Standing Orders and Direct Debits will all be transferred, unless you choose which specific ones you’d like to transfer.

We won't switch any standing orders with a frequency over a year into the new account. Once your account's open, you'll be able to set up standing orders with a frequency of up to 1 year.

Sole traders:

If you’re starting a switch, your Debit card with your old bank needs to be:

• active
  
• not a cheque charge card or credit card
• cancelled if it’s lost or stolen.

A number of different things could prevent your switch from happening, such as; you haven’t met all the switching criteria, or if you’ve given the wrong details about your old account.

Yes, if you've already opened a Royal Bank of Scotland business account but still hold a business account elsewhere, you can still use the Current Account Switch Service to complete a full switch of a business account you hold elsewhere. You also may still be eligible for our 2 year free banking switch offer if you choose to make a full switch.

Give us a call and we'll help you get started: 

UK: 0345 600 2230

Relay UK Service: 18001 0345 600 2230

+44 345 600 2230 (outside the UK)

Calls may be recorded.

Yes, however you will need to discuss an overdraft facility with us first. Depending on the lending criteria and your credit status, you might be eligible for the overdraft. 

To find out more use our Eligibility checker.