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Business bank accounts

Business banking for Premier customers

Our business bank accounts are packed with tools and support that could help your business thrive:

No monthly charge, only pay for what you use

Includes accounting software to simplify invoicing and cashflow from FreeAgent

Free programmes and support that could help you run your business better

View your business and Premier accounts in one place online or in your mobile app

Align your personal and professional financial goals with help from your Premier and Business Relationship Managers (turnover and eligibility criteria apply for Business Relationship Managers)

One-to-one support to get you started

Your Premier Manager could help

Whether it's discovering ways to make your money grow, or planning your next new goal, your Premier Manager is here to help you take your money to the next level so that it serves the needs of you and your family.

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Meet your Local Enterprise Manager

Our team of Local Enterprise Managers are specialists in enterprise and business support. Whether you're looking for one-to-one mentoring or to attend a local talk or event, they're on hand to help boost your business.

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Explore our business accounts and get started on your own

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The below products are available to eligible customers, over 18 who have the right to be self employed in the UK. Specific account and service eligibility criteria apply.

Starting something new?

Extra support for your start-up, plus free banking for 24 months*

  • For businesses trading less than a year with turnover of less than £1m 
  • Free programmes that could help you grow and support that could help you run your business better (some programmes available to customers and non-customers)
  • Connect with experts who could take you further and help achieve your goals sooner
*No transaction fees for the first 24 months, then Standard Tariff applies. Other charges such as those for unarranged overdrafts, Bankline, international payments and any additional services are not part of the free banking offer.
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Established and looking to grow?

An account for big ambitions, with no minimum monthly charge - only pay for what you use

  • For businesses with turnover above £1m trading under or over a year, or turnover below £1m trading for over a year
  • Specialist business support to develop your business (eligibility criteria apply)
  • A dedicated Relationship Manager to look after your business (turnover and eligibility criteria apply)
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Not for profit, like a charity or club?

Community account
  • 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

Have a business account somewhere else? Switching is simple

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 working 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?

What to know before you apply

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

Account details

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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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.

Useful info about our business accounts

Expert insight on your money matters

Read the latest insights and tips from our Premier experts to help you get more from your money – from how you manage it to how you spend it.

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