On this page
Overlay
Business bank accounts
Business banking for Premier customers
FreeAgent is free for as long as you retain your business bank account (optional add-ons may be chargeable).
App available to customers with compatible iOS and Android devices and a UK or international mobile number in specific countries.
Starting something new?
Extra support for your start-up, plus free banking for 24 months*
- 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 programmes available to customers and non-customers)
- Connect with experts who could take you further and help achieve your goals sooner
*No transaction fees for the first 24 months, then Standard Tariff applies. Other charges such as those for unarranged overdrafts, Bankline, international payments and any additional services are not part of the free banking offer.
Information Message
Established and looking to grow?
An account for big ambitions, with no minimum monthly charge - only pay for what you use
- For businesses with turnover above £1m trading under or over a year, or turnover below £1m trading for over a year
- Specialist business support to develop your business (eligibility criteria apply)
- A dedicated Relationship Manager to look after your business (turnover and eligibility criteria apply)
Information Message
Not for profit, like a charity or club?
Community account
- Existing Royal Bank 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
- Useful cheque and paying in books
- Everyday support from texts and email alerts
- Make banking easier by authorising up to four individual signatories
Have a business account somewhere else? Switching is simple
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 working 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)
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.
Information Message
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):
Information Message
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.
Planning your Great Unretirement? Three reasons to consider starting your own business
The Great Unretirement is seeing thousands of people aged 50 to 65 returning to work – and they’re returning on their own terms.