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Start up business account

24 months
transaction fee-free banking

On this page
Account Summary
Useful info
Start up support
Ready to apply

The account for start up businesses

No transaction fees for the first 24 months

24/7 Online, telephone and mobile app banking

Quick online application process

An overdraft if you need it (subject to approval)

More than just a bank account, we can help with:

Hassle-free accounting software
  • FreeAgent holds all your invoices and expenses in one place
  • Fee-free for RBS business customers

A simple way to take payments online
  • Use Tyl to make it simple for your customers to pay you
  • Get money into your account next day. Fees apply

Build your business community
  • Learn from experts and other business owners
  • A programme of networking events to help your business

Expert business advice and guidance whatever stage you’re at

We know what it takes to run a business, and we’re here to help yours grow. We’ve got useful tips, business tools and welcoming communities where you can learn and thrive.

Discover our Start up support

The Start up 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 and have the right to be self-employed in the UK. We reserve the right to change or withdraw the start up offer without prior notice.

Apply now

Thanks for choosing our Start up bank account. Let's get started...

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Before you continue...

The following page allows you to choose which type of account you wish to open. You can choose from a Start-up Current Account or a Loan Servicing Account. Please select the Loan Servicing account only if you have already applied for a loan and have chosen to open a Loan Servicing Account. This account can only be used for loan repayment purposes.

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Are you...
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OK, so you're an existing customer. Is the bank account for...
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Great, please make sure you're eligible to apply

  • You're aged 18 or over
  • You're the owner or director of the business you’re applying on behalf of
  • Your registered business address must also be in the UK, Channel Islands, Isle of Man or Gibraltar or you should be registered for tax purposes in one of those jurisdictions
  • You haven't been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree

Please take some time to review the important info

 

 

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

 

What if my business is based in England or Wales?

If your business will be based in England or Wales and you currently hold an existing Royal Bank business account,  please apply below or give us a call on 0345 600 2230.

 

Relay UK Service: 18001 0345 600 2230 

For more information on accessibility, visit our Accessibility page.

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Your application can be completed online

This is the fastest way to complete your application.

1. HooYu is our trusted online identification and security partner.

2. We may use HooYu to check your identity by matching you to your Photo ID. It may also need you to provide proof of your address and business documents. You can find out more.

3. Once we receive all your information, we'll review the application and will be in touch.

By starting your application, you consent to the following:

  • Identity verification using our security partner HooYu.
  • A credit check on everyone on your application.
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Do you have a relationship manager?
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Call your Relationship Manager

You should have a direct number for them. You can discuss applying for an additional Startup business account with them. They can start the application for you and arrange to get the appropriate signatures.

 

When can I call?

Business and Relationship Managers are available 9am-5pm Monday to Friday.

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No problem. We can still help

For businesses in Scotland, please call us on 0345 600 2230.

 

What if my business is based in England or Wales?

If your business will be based in England or Wales and you currently hold an existing Royal Bank business account,  please download an additional account form or give us a call on 0345 600 2230.

 

Relay UK Service:

18001 0345 600 2230 (Scotland)

18001 0345 600 2230 (England and Wales)

 

Mon to Fri 9am-5.30pm (excl. public holidays)

For more information on accessibility, visit the Accessibility page. 

Calls may be recorded for training and monitoring purposes. To see how much your call might cost, visit the call charge information page.

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Great, please make sure you're eligible to apply

  • You're aged 18 or over
  • You're the owner or a director of the business you’re applying on behalf of
  • Your registered business address must be in the UK, Channel Islands, Isle of Man or Gibraltar or you should be registered for tax purposes in one of those jurisdictions
  • You haven't been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree

Please take some time to review the important info

 

 

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

 

What if my business is based in England or Wales?

If your business will be based in England or Wales and you do not currently hold an existing Royal Bank business account, please apply with NatWest or give us a call on 0345 711 4477.

 

Relay UK Service: 

18001 0345 711 4477

 

Mon to Fri 9am-5.30pm (excl. public holidays)

For more information on accessibility, visit the Accessibility page. 

Calls may be recorded for training and monitoring purposes. To see how much your call might cost, visit the call charge information page.

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Your application can be completed online

This is the fastest way to complete your application.

1. HooYu is our trusted online identification and security partner.

2. We may use HooYu to check your identity by matching you to your Photo ID. It may also need you to provide proof of your address and business documents. You can find out more.

3. Once we receive all your information, we'll review the application and will be in touch.

By starting your application, you consent to the following:

  • Identity verification using our security partner HooYu.
  • A credit check on everyone on your application.
Previous

Great, please make sure you're eligible to apply

  • You're aged 18 or over
  • You're the owner or a director of the business you’re applying on behalf of
  • Your registered business address must be in the UK, Channel Islands, Isle of Man or Gibraltar or you should be registered for tax purposes in one of those jurisdictions
  • You haven't been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree

Please take some time to review the important info

 

 

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

 

What if my business is based in England or Wales?

If your business will be based in England or Wales, please apply with NatWest or give us a call on 0345 711 4477.

 

Relay UK Service: 

18001 0345 711 4477

Mon to Fri 9am-5.30pm (excl. public holidays)

For more information on accessibility, visit the Accessibility page. 

Calls may be recorded for training and monitoring purposes. To see how much your call might cost, visit the call charge information page.

Previous
Next

Your application can be completed online

This is the fastest way to complete your application.

1. HooYu is our trusted online identification and security partner.

2. We may use HooYu to check your identity by matching you to your Photo ID. It may also need you to provide proof of your address and business documents. You can find out more.

3. Once we receive all your information, we'll review the application and will be in touch.

By starting your application, you consent to the following:

  • Identity verification using our security partner HooYu.
  • A credit check on everyone on your application.
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Useful info about this account

Need more information before you apply?

Switch to Royal Bank

The Current Account Switch Service will do all the work, moving everything across from your old business account to your new one, all within 7 working days.

Current Account Switch Guarantee (PDF, 60KB)

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

Simple charges

At the end of your 24-month free banking period, you’ll move on to our Standard Tariff, with no minimum monthly charge.

 

Business account charges booklet (PDF, 550KB)

Summarised business account charges booklet (PDF, 81KB)

Business credit card

With no annual fee for the first year (normally £30), our business credit card is great for new businesses. You’ll also be able to manage your account with the ClearSpend app.

 

Our credit card features

To apply for a Royal Bank 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.  Your registered business must be in the UK and you should be registered for tax purposes in the UK.  The Royal Bank 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.

Something else we can help you with?