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Start-up business bank account
What's your new business waiting for?
The Start-up business 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. FreeAgent is free for a long as you retain your bank account. Optional add-ons may be chargeable.
Free banking on everyday transactions means the charges for day to day running of your account (known as your service charges) won’t apply during the free banking period. At the end of this period, you’ll be automatically moved to the Standard Tariff. Charges for unarranged overdrafts, Bankline, international payments and any additional services are not part of the free banking offer.
What you pay for - and what you don't
For details of our full charges and to see a breakdown of what’s included within the above transaction types, please refer to ‘Info about charges’ section in the bottom of this page. This is based on our current pricing. Please note that our charges may vary from time to time and you will be notified of any changes to our charges prior to these taking effect.
The features you'd expect, and then some
- Bank anywhere with Digital Banking, our mobile app, or at our network of branches or local Post Office
- 24/7 messaging support, plus the option to give us a call or stop by your local branch
- Instant payment notifications, in-app cheque deposit (limits and fees may apply), and business spending categories to help manage your money
- Multi-director access so eligible directors can have full visibility of accounts and spending
Digital Banking available to customers with a Royal Bank of Scotland account. App available to customers with compatible iOS and Android devices and a UK or international mobile number in specific countries.
Loans and finance options
Explore options based on your size, your needs, and your goals.
Security may be required. Product fees may apply. Subject to Status.
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Business credit card
No annual fee for the first year (normally £30). Plus, you can manage your account with the ClearSpend app.*
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The flexibility of an overdraft
Our business overdraft helps you prepare for the unexpected. You’ll only pay interest on what you borrow.
Security may be required. Product fees may apply. Subject to Status.
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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% AER, 4.17% Gross p.a. (variable).
Eligibility criteria apply. Interest rates are subject to variation. Early withdrawals are not permitted.
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*To apply for a Royal Bank of Scotland 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 of Scotland. Your registered business must be in the UK and you should be registered for tax purposes in the UK. The Royal Bank of Scotland 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.
Help to run your business as costs rise
We’re here to support you with real, practical help. Even if you’re just starting out, or you haven’t started your business yet, our hub could help. Discover our tools, resources and articles that’ll support you to prepare for any price rises. Use them to work out how you might be affected, what the future might cost and what actions you can take.
Sustainable ambitions?
We’re here to help with your climate goals. We could provide support in the form of lending, advice and useful services and resources. Find out more about how we could help you develop a climate plan that works for your business and put it into action.
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 business days.
Current Account Switch Guarantee (PDF, 60KB)
Your Guide to switching your account to us (PDF, 532KB)
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Info about charges
At the end of your 2-year free banking period, you’ll move on to our Standard Tariff, with no minimum monthly charge.
Business Account Charges Booklet (PDF, 81KB)
Summarised Business Account Charges Booklet (PDF, 69KB)
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Your money is protected
Your eligible deposits held by a UK establishment of Royal Bank of Scotland are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
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