Foundation Current Account

If you're starting your first business and have no trading history, or if you have a poor credit history, our Foundation Account could be just what your business needs.

It provides straightforward, transaction-based business banking, giving you and your business time to establish a credit and trading record.

There are no borrowing facilities available with a Foundation Account.

Cost-effective business banking

The Foundation Account is available on our Standard Tariff.

Easy account opening

Whether you’re starting your first business, upgrading your account or switching from another bank, we help make it easy for you. You can apply at your local branch.

Switching made easy

For established businesses, our dedicated switching team will help you every step of the way.

• Show me key benefits for the Foundation Current Account

A Foundation account includes:

• Business cheque book - so you can pay for business related expenses
• Paying-in book - for paying funds into your account
• Debit card - make withdrawals from cash machines and make payments where you see the VISA symbol
• Standing orders and Direct Debits - Ideal for automatic payment of regular business bills such as electricity and phone
• Online and telephone banking - do your banking whenever and wherever it suits you
• Local branch network - use our local branch network to do your day-to-day banking

• Show me rates and charges for the Foundation Current Account

The Foundation Account is available on the Standard tariff. You pay only for the services you use, plus a basic monthly account maintenance charge.

• Scottish Standard tariff (PDF, 118KB)
• England & Wales Standard tariff (PDF, 119KB)

It is not our general policy to pay legal and valuation fee/charges on transfer of security.