When you open a Start-up account with Royal Bank of Scotland business banking.
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Start-up bank account
Free banking on everyday transactions for 2 years
Other fees may apply. Eligibility criteria and T&Cs apply. The Start-up business account is available for businesses that have been trading for less than 1 year and have a turnover of less than £1m. It is available for eligible customers who are over 18.
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**
Winner of the 2024 Business Start-up Bank of the year award at the Business Moneyfacts® Awards 2024.
It is available for eligible customers who are over 18. Eligibility criteria and Terms apply. Click apply now for more information.
*Free banking 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. The 2-year free banking offer is available to eligible customers opening a Start-up account from 26th June 2023 onward.
**Our Entrepreneur hub offers a range of free programmes and tools. Plus you could tap into a network of specialists and peers who could offer guidance as you grow.
FreeAgent is free for as long as you retain your bank account. Optional add-ons may be chargeable.
For details of our full charges and to see a breakdown of what’s included, please refer to ‘Info about charges’ section at the bottom of this page. This is based on our current pricing. Please note that our charges may vary from time to time and you will be notified of any changes to our charges prior to these taking effect.
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
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.
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.
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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.*
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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.
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Business savings accounts
Make your money work as hard as you do with a Business Savings account.
Eligibility criteria apply.
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*To apply for a Royal Bank of Scotland Business credit card, you must be a UK resident aged 18 or over and maintain a business bank account in the same legal entity name with Royal Bank of Scotland. Your registered business must be in the UK and you should be registered for tax purposes in the UK. The Royal Bank of Scotland Business credit card is subject to status and for business use only. Applications for our Business credit card are subject to approval. If you apply for any other credit facilities, security may be required and product fees may apply.
FAQs about this account?
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.
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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.
Our charges are changing
Business Account Charges Booklet (PDF, 549 KB)
Effective for charging periods starting on or before 29th August 2025
Business Account Charges Booklet (PDF, 76 KB)
From 30th August 2025 the new charges will apply from the start of your next charging period.
For example, if your charging period starts on 29th August 2025, you will be charged based on the first booklet until the end of this charging period. After this period finishes, you will then move to the charges in the second booklet.
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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.
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Business account terms
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