Business
Business bank accounts
Business bank account

Business bank accounts

Accomplish more with our Business bank account

Extraordinary business banking.

On this page

Account summary Open in new window

Useful info Open in new window

Continue an application Open in new window

Apply now Open in new window

Our Business bank account. Built for success.

Our account for businesses with turnover above £1m. Or, for businesses with turnover below £1m who have been trading for over a year.

No minimum monthly charge. Only pay for what you use.

24/7 banking. Online, on the phone and via the app.

Get a dedicated Relationship Manager (turnover and eligibility criteria apply).

Free accounting software from FreeAgent included.

FSCS deposit protection (eligibility criteria apply).

RBS business banking is available to eligible customers over 18. Eligibility criteria and Terms apply. Click apply now for more information.

FreeAgent is free subject to client retaining their RBS business banking current account. Optional add-ons may be chargeable. Digital Banking available to customers with a Royal Bank of Scotland account. App available to customers with compatible iOS and Android devices and a UK or international mobile number in specific countries.

There's also:

Lending and cash management

A comprehensive range of flexible borrowing options to help fund and grow your business
Our saving options are also here to help you stay on top of your finances

Finance is subject to status. Security may be required. Product fees may apply.

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Sprint ahead with Accelerator

Our free Entrepreneur Accelerator programme gives you access to a network of peers and experts

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Specialist business support

Personalised service and specialist products and services to develop your business (eligibility criteria apply)
A dedicated Relationship Manager - a single point of contact to look after your business banking needs (turnover and eligibility criteria apply)
Access to Bankline (criteria and fees may apply)

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Free banking on everyday transactions for 2 years when you switch to us

If you've got an annual turnover of up to £2m and switch your business account to us using the full Current Account Switch Service, we'll give you 2 years of free banking on everyday transactions.

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)

How does switching work? Open in new window

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Free banking on everyday transactions means the charges for the day to day running of your account (known as your service charges) won’t apply during the free banking period. At the end of this period, you’ll be automatically moved to the Standard Tariff. Charges for unarranged overdrafts, Bankline, international payments and any additional services are not part of the free banking offer. For details of our full charges and switch offer terms and conditions, please refer to the 'Simple charges' section of this page.

Apply for our Business bank account

Got 10 minutes to fill in your application? Let's get started.

Continue

Great, first let's check if you're eligible to apply.

You're aged 18 or over.
You're the owner or director of the business you’re applying on behalf of.
At least one person on the application must be a UK resident.
Your business must be registered for income tax or corporation tax purposes in the UK.
You haven't been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree.
If your business turnover is over £2m, we'll ask you to provide evidence of this.

Important information

Business Account Terms (PDF, 279 KB)

Business Account Charges Booklet (PDF, 549 KB)

Financial Services Compensation Scheme Guide (PDF, 45KB)

Important things to consider before applying

What information do I need to provide during the application?

Personal details

Full name, date of birth, and place of birth
Home addresses (and the date you moved there)
Contact details
Personal details for any directors, partners, members, or signatories.

Business details

Trading and any registration addresses
Business contact details
Details about your business activity and number of employees
Any other trading names your business uses
Details of when your financial year ends

Registration for tax purposes

Details of any countries you (or your business) are registered in

Year-end accounts

Details of your businesses’ year end accounts or cash flow forecasts

Limited companies only

Your registered company number

Please make sure your Limited Company has already been registered with Companies House for at least 48 hours before starting your application with us.

What if my business is based in England or Wales?

If your business will be based in England or Wales and you do not currently hold an existing Royal Bank business or personal account, please apply with NatWest or give us a call on 0345 711 4477.

Relay UK Service: 18001 0345 711 4477

Mon to Fri 9am-5.30pm (excl. public holidays)

For more information on accessibility, visit the accessibility page.

Calls may be recorded for training and monitoring purposes. To see how much your call might cost, visit the call charge information page.

Digital Banking or Bankline - which is right for me?

As part of your application, you may be able to opt for either Digital Banking or Bankline.

Digital Banking is a free service.
Bankline has a monthly fee (based on number of accounts registered) and is designed for businesses with more complex needs. You’ll need this option if you’d like to set custom controls, like having two separate users approve payments.
For a quick view of these services, visit Ways to bank.
For detailed comparison of their features and fees, see our comparison table.

How might my information be used?

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

Do you have a Bounce Back Loan?

If you're a Bounce Back Loan customer and you need a Loan Servicing Account for a Capital Repayment Holiday, you can apply for a Loan Servicing Account using our digital form.

Consider which account you need

During your application, you'll have to select the type of account you'll need:

a Business Current Account - used for the day to day running of your business, OR
a Loan Servicing Account - used ONLY for loan repayment purposes. You'll need this if you have a loan with us, but not your current account(s).

Should you select the incorrect account, you will need to reapply choosing the correct option.

Which are you?

Please choose an option below to continue

An existing Royal Bank of Scotland business customer

New to Royal Bank of Scotland business

OK, so you're an existing customer. Is the bank account for...

Please choose an option below to continue

A new business

An existing business

Which statement best describes your organisation?

If your business turnover is over £2m, we'll ask to see evidence of this.

Please choose an option below to continue

Annual turnover is under £2 million, or we've been trading less than a year.

Annual turnover is over £2 million, and we've been trading more than a year.

You can apply online

This is the fastest way to complete your application.

1. We may use Mitek, formerly HooYu, our trusted online identification and security partner, to check your identity.

2. To see which documents are accepted for proof of identity and address you can visit our Mitek page.

3. Once we receive all your information, we'll review the application and will be in touch.

By starting your application online, you consent to the following:

Identity verification using our security partner Mitek.
A credit check on everyone on your application.

Apply by phone

Can’t apply online? You can complete your application via phone – discover how you can get in touch. After the call, you’ll need to bring your documents to us in branch or use a professional service provider. This is so we can verify your identity.

It’s likely that you will have to wait a few days for an appointment, and the appointment itself can take up to an hour. Please bear in mind that applying by phone can take longer than applying online.

You can apply online

We'll ask to see evidence that your annual turnover is more than £2m. If you cannot provide this or you’ve been trading less than a year, go back and select the other option.

This is the fastest way to complete your application.

1. We may use Mitek, formerly HooYu, our trusted online identification and security partner, to check your identity.

2. To see which documents are accepted for proof of identity and address you can visit our Mitek page.

3. Once we receive all your information, we'll review the application and will be in touch.

By starting your application online, you consent to the following:

Identity verification using our security partner Mitek.
A credit check on everyone on your application.

Apply by phone

Do you have a Relationship Manager?

Please choose an option below to continue

Yes

No or I'm not sure

Call your Relationship Manager

You should have a direct number for them. You can discuss applying for an additional business account. They can start the application for you and arrange to get the appropriate signatures.

When can I call?

Business and Relationship Managers are available 9am-5pm Monday to Friday.

No problem, we can still help.

You can use the form below to open an additional account.

Alternatively, you can call us on 0345 600 2230, or use the Relay UK Service: 18001 0345 600 2230.

More information on accessibility.

Calls may be recorded for training and monitoring purposes. To see how much your call might cost, visit the call charge information page.

Additional account opening form

Which statement best describes your organisation?

If your business turnover is over £2m, we'll ask to see evidence of this.

Please choose an option below to continue

Annual turnover is under £2 million, or we've been trading less than a year.

Annual turnover is over £2 million, and we've been trading more than a year.

You can apply online

This is the fastest way to complete your application.

1. We may use Mitek, formerly HooYu, our trusted online identification and security partner, to check your identity.

2. To see which documents are accepted for proof of identity and address you can visit our Mitek page.

3. Once we receive all your information, we'll review the application and will be in touch.

By starting your application online, you consent to the following:

Identity verification using our security partner Mitek.
A credit check on everyone on your application.

Apply by phone

You can apply online

We'll ask to see evidence that your annual turnover is more than £2m. If you cannot provide this or you’ve been trading less than a year, go back and select the other option.

This is the fastest way to complete your application.

1. We may use Mitek, formerly HooYu, our trusted online identification and security partner, to check your identity.

2. To see which documents are accepted for proof of identity and address you can visit our Mitek page.

3. Once we receive all your information, we'll review the application and will be in touch.

By starting your application online, you consent to the following:

Identity verification using our security partner Mitek.
A credit check on everyone on your application.

Apply by phone

Already started an application?

You can use the same details that you created when you applied for your business account. If you haven’t already set up access to your online application centre, you can create a login now.

Due to increasingly high demand for our accounts, there will be a delay in opening your account. We are sorry for the inconvenience that this might cause you.

Questions about this account?

Can I use the Current Account Switch Service to move my business account to Royal Bank of Scotland?

Yes. The Current Account Switch Service makes moving your business bank account to Royal Bank of Scotland easy. To find out about switching, check out the Current Account Switch Service.

Can I get an overdraft?

Yes, with this account you can apply for an overdraft. Applications for a business overdraft are subject to approval. If you apply for credit facilities, security may be required and product fees may apply.

To find out more, use our Eligibility Checker.

What do I need to open a Business bank account?

You’ll need the personal details of all of the partners, members or directors of the business (including their home addresses for the last 3 years). You’ll also need your business details. This includes your Company’s Registration Number (provided by Companies House) if you’re a limited company. All the details are in the "Apply now" section, which will help you to prepare.

What is a Loan Servicing Account?

A loan servicing account is only required if you are currently in the process of applying for a business loan and you do not have or wish to have a business current account with us.

This account will only enable you to deposit funds with the bank to meet your monthly loan repayment. It CAN NOT be used to support day to day business transactions like taking payments from customers or making payments to suppliers and for this you will need to apply for a business current account.

If you have business current account with us you will be able to apply for loans and overdrafts in the future without the need to open an additional loan servicing account.

Can I apply if I already have a Loan Servicing Account?

If you're an existing customer with a Loan Servicing Account which has been opened to service a business loan, you might be eligible for the account conversion. Please contact the Businessline Team, or your Relationship Manager who will be able to advise you on the process.

Can I switch banks after taking out a loan?

You are able to switch your Business Current Account or your business banking to another provider while retaining your business loan with us. We may require you to open a fee free loan servicing account and will confirm if this is required as part of the switching process. A fee-free Loan Servicing Account is not a Business Current Account. This account will purely be used to facilitate your loan and will be free of any transaction charges.

Need more information before you apply?

Easy finance management

Visit our servicing hub for instant access to managing your business accounts, loans, credit cards and any other business service you have from Royal Bank.

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Manage my business finances Open in new window

Simple charges

Benefit from our Standard Tariff with no minimum monthly charge. See our full list of business account charges:

Business Account Charges Booklet (PDF, 549 KB)

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FSCS protected

If both your business and the type of deposit held with Royal Bank of Scotland are eligible, you could be protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any deposits above the limit are unlikely to be covered.

Financial Services Compensation Scheme Guide (PDF, 713KB)

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Business account terms

Read our Business account terms document.

Business Account Terms (PDF, 279 KB)

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Ways to save on your account charges

We're all for saving money (banks generally are) and you probably are too, so here are some of our tips for reducing your account charges during your day-to-day banking.

Start saving on account fees Open in new window

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).

Note: The interest rate on the Liquidity Manager 95 account will change to 3.49% AER / 3.44% Gross p.a (variable) on the 27th January 2025.

Eligibility criteria apply. Interest rates are subject to variation. Early withdrawals from the Liquidity Manager Notice Accounts are not permitted.

View all business savings accounts Open in new window

Something else we can help you with?

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