What is Business Banking Switch?

During the financial crisis in 2008 and 2009 we received financial support from the UK Government. As a result, we made a commitment to help increase competition in UK business banking and decrease our own market share.

Working with HM Treasury and the European Commission we agreed to set up an incentivised switching scheme, which we’ve named Business Banking Switch – allowing participating banks to offer incentives such as cash and free banking to certain customers for switching their business current account. The scheme was designed to provide customers with exclusive offers which are better than those normally available on the market.

Business Banking Switch is now closed to new applications. For questions about Business Banking Switch please visit our dedicated website.