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Business bank accounts

Put your business account in safe hands

Choosing the right business account matters

You work hard for your money. We’ll keep it safe. We’ve been supporting businesses like yours for more than 50 years, so we understand the challenges that business owners face.

What do our business accounts give you?

Our business customers choose to bank with us for lots of reasons. Here are some of them:

There’s no monthly fee (find out more about how this works)

Easily manage your account using our mobile app (criteria apply)

Understand your business finances better with our online accounting software, FreeAgent

Safety and security – we’ll give you information to protect you from scams and fraud.

Free everyday banking for 24 months when you switch your business account to us

If you've got an annual turnover of up to £2m and switch your account to us using the full Current Account Switch Service, we'll give you 24 months of free business banking.

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)

Compare business bank accounts

Start-up account

Trading less than a year?

For accounts with turnover of less than £1m (if yours is more than that, then our business account could be a better fit for your business)

Save money with no transaction fees for the first 24 months (then Standard Tariff applies)*

Join a community of other start-up businesses who can help and support

Access to borrowing options if you need them. Subject to status, security and fees may apply

*Charges for unarranged borrowing, Bankline, international payments and any additional services are not part of this offer. We reserve the right to change or withdraw the Start-up offer without prior notice.
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Business account

For businesses of all shapes and sizes

For businesses who have a:

- turnover above £1m and have been trading for under or over a year

- turnover below £1m and have been trading over a year

A simple charging model - only pay for certain transactions, unarranged borrowing, international payments and Bankline charges.

A Relationship Manager to look after your business (turnover and eligibility criteria apply)

Grow your business with our specialist programmes

Access to borrowing options. Subject to status, security and fees may apply.

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Community account

Are you a not-for-profit organisation, like a charity or club?

Existing Royal Bank personal or business banking customers are eligible to apply for free banking if your community account's annual credit turnover is less than £100,000 and remains at this level

Useful cheque and paying in books

Everyday support from texts and email alerts

Make banking easier by authorising up to four individual signatories

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Already started an application?

Log in and check the status of your application in our online application centre

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

What you need to open a business account

Participating providers of UK business bank accounts have agreed to a basic set of information that they will need from you to set up your UK business current account. Find out what you’ll need to provide using the simple business banking checklist from UK Finance, the UK’s leading trade association for financial services.

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See how our accounts compare

If you’d like to see how our Business Bank account products stack up against the others in the market, you can compare them at the following websites (suggested by the UK Government's Competition and Markets Authority): 

Swoop Funding

Funding Xchange

Funding Options

Alternative Business Funding

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Switch to us from another bank

The Current Account Switch service will do all the work for you, moving everything across from your old account to your new account, all within 7 business days, including Direct Debits and Standing Orders. Simply apply for any of our business accounts and tell us you’re switching. 

Current Account Switch Guarantee (PDF, 60KB)

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

How does the Switch service work?

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Business savings accounts

We’ve raised our rates across our savings account range. As an example, our Liquidity Manager 95-day Notice Account now has an interest rate of 4.25%/4.17% AER/Gross p.a. (variable).

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

Payments by Tyl

Use our simple solution, Tyl, to take payments in-store, online or over the phone (eligibility and fees apply.)

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Have a look at some of our service measures

If you want to see how we have performed on key service areas, you can get a detailed view here.

How fees work for our business accounts

Business accounts can often seem complicated when it comes to charges. We’re here to help you find ways to save and learn more about what you’re charged for. And although RBS start-up business account holders don’t pay transaction fees for the first 24 months anyway, it’s always worth understanding how you can reduce your charges after that period ends.

Useful info about our business accounts

Additional support for your business

It pays to have a business plan

Every successful business starts with a plan. We have six key do’s and don’ts and tips on how to write yours.

 

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Six successful growth strategies

Our experts have put together six ways to help ensure your business is a success. We think it's essential reading.

 

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Scaling up your business

When you're looking to take your business to the next level, we're here to support you.

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Something else we can help you with?