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Start-up bank account

Get a head start with our business bank account for start-ups

On your marks, get set, go!

Award-winning start-up banking

Free banking on everyday transaction for the first 2 years*

Free accounting software from FreeAgent

Free support to help you grow**

What is a start-up business bank account?

A start-up bank account is specially designed to meet the needs of emerging businesses. These accounts can support new businesses by managing money, receiving payments, and paying bills. 

To open a start-up business bank account, you must meet certain eligibility criteria. For example, you can only apply for the Royal Bank of Scotland Start-up bank account if you’re the business owner or a director.

Start-up account fees

Apply for our Start-up account

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

Already started an application?

Log in to continue or check the status of your Start-up bank account application in our online application centre.

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.

Why choose Royal Bank of Scotland for your start-up banking?

Finding the best bank for your start-up business takes time and research. Here are just a few things we offer:
  • Bank anywhere with Digital Banking, our mobile app, or at our network of branches or local Post Office.
  • 24/7 messaging support, plus the option to give us a call or stop by your local branch
  • Instant payment notifications, in-app cheque deposit (limits and fees may apply), and business spending categories to help manage your money
  • Multi-director access so eligible directors can have full visibility of accounts and spending

Start-up cash flow support

Loans and finance options

Explore options based on your size, your needs, and your goals.

Security may be required. Product fees may apply. Subject to Status.
 

See your options

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Business credit card

No annual fee for the first year (normally £30). Plus, you can manage your account with the ClearSpend app.*
 

Our credit card features

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The flexibility of an overdraft

Our business overdraft helps you prepare for the unexpected. You’ll only pay interest on what you borrow.

Security may be required. Product fees may apply. Subject to Status.
 

Find out about overdrafts

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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.  Interest calculated daily and applied on the last business day of each month.
 

View all business savings accounts

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Questions about this account?

Need more information before you apply?

Switch to Royal Bank

The Current Account Switch Service will do all the work. Once we have received a valid switch form it'll move everything across from your old business account to your new one, all within 7 business days.

Current Account Switch Guarantee (PDF, 60 KB)

Your Guide to switching your account to us (PDF, 532 KB)

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Info about charges

At the end of your 2-year free banking period, you’ll move on to our Standard Tariff, with no minimum monthly charge.

 

Business Account Charges Booklet (PDF, 549 KB)

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Your money is protected

Your eligible deposits held by a UK establishment of Royal Bank of Scotland are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

Financial Services Compensation Scheme Guide (PDF, 45 KB)

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Business account terms

Read our Business account terms document.

 

Business Account Terms (PDF, 279 KB)

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Something else we can help you with?