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Switching to Royal Bank business banking

Our switch offer: free banking on everyday transactions for 2 years.

Other fees may apply. Eligibility criteria, terms and conditions apply.

Looking for a new business bank account?

Switch offer: Free banking on everyday transactions for 2 years

To be eligible for 2 years of free banking on everyday transactions when you switch:

 

Your business's projected or existing annual turnover must be below £2m.

You'll need to make a full switch from an eligible business bank account to a Royal Bank of Scotland business bank account using the Current Account Switch Service (CASS).

You can't switch a NatWest or Ulster Bank business current account to Royal Bank of Scotland.

 

Check if your current bank participates in CASS.

 

If you're not eligible for the free banking offer, you can still use the CASS to switch your account if your turnover is under £6.5m. Find out more about eligibility.

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Learn more about how the Current Account Switch Service works

The Current Account Switch Service will do all the work for you, moving everything across from your old account to your new account, including Direct Debits and Standing Orders, all within 7 working days.

  1. Apply online for any of our business accounts.
  2. Tell us you’re switching during the application, and we'll send over the form you'll need to complete.
  3. Send back the completed form with your old bank account details, and tell us when you want the switch to start. The Current Account Switch Service will take care of the rest.
  4. Free banking on everyday transactions will apply from the date the switch is complete, so you might incur fees outlined in the Business account charges brochure (PDF, 85KB) after your account is open. 

Current Account Switch Guarantee (PDF, 60KB)
Your Guide to switching your account to us (PDF, 532kB)

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We won't switch any standing orders with a frequency over a year into the new account. Once your account's open, you'll be able to set up standing orders with a frequency of up to 1 year.

The 7-day switch guarantee

Day 1

When we receive your switch form, the Current Account Switch Service will contact your old bank and confirm if the switch can go ahead. Once they confirm it can, your 7-day switch will start.

Day 3

Your regular payments will be moved across. We'll reach out to confirm, and advise you how to set up your bill payments.

Day 6

We talk to your old bank about transferring your balance over to your new account.

Day 7

Your balance will then be transferred and your old account will be closed. We'll reach out when your switch is complete.

Choose the right account for your switch

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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.

Start-up bank account

For new businesses with bold ideas

Our account for businesses trading less than a year with turnover of less than £1m.

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Business bank account

For established businesses with big ambitions

Our account for businesses with turnover above £1m. Or, for businesses with turnover below £1m who have been trading for over a year.

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Community account

For charities, clubs, and non-profits

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

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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

Get tools to help you grow, all from one bank

The below tools and products are available to customers and non-customers.

Award-winning accounting software included*

FreeAgent is the Friendliest Software of the Year, Institute of Certified Bookkeepers Luca Awards 2023.

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Free HR and health & safety support from MentorDigital

Manage your people anywhere, anytime, on any device with free tools from MentorDigital.**

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Free programmes and tools for your growth

Our Entrepreneur hub offers a range of programmes and tools, plus you could tap into a network of specialists and peers who could offer help and guidance as you grow.

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Business savings accounts that work harder for you

Our savings accounts could help you earn more interest and plan for your business's future. 

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Take contactless payments with just your phone

NatWest Tap to Pay from Tyl by NatWest (part of the same group) is an exciting way to take contactless payments from your customers with just your iPhone or Android smartphone. No need for card machines, as everything is app-based on the device you use everyday. Tap to Pay is Wi-Fi and network-ready too, making it seamless and super reliable. †

What you need to open a Royal Bank of Scotland 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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Info about charges

At the end of your 2-year free banking period, you'll move on to our Standard Tarrif, with no minimum monthly charge. 

Business Account Charges Booklet (PDF, 85KB)

 

Summarised Business Account Charges Booklet (PDF, 81KB)

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More information about switching

Full switch versus partial switch

The service you'll need depends on whether you need to keep your old account open, your eligibility (based on business circumstances), the mandate authorisation with your old bank and whether your old bank is part of the Current Account Switch Service.

  • A full Current Account Switch Service is done within 7 business days, backed by the Current Account Switch Guarantee (PDF, 60KB)
  • If you're not eligible to use the Current Account Switch Service, Royal Bank of Scotland can provide a partial switch. A partial switch allows customers to select a date up to 90 days in the future and is not backed by the Current Account Switch Guarantee.
  • You can find out more about each service from the FAQs below, or in our Switching Guide (PDF, 532kb).
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Check Third Party Provider permissions

If you've given permissions to Third Party Providers (TPPs) - such as financial comparison websites, money management apps and payment services - to make payments on your behalf, or to access your financial data, access to these services won't be transferred automatically to your new account as part of the Current Account Switch Service.

  1. Before you close your old account, check whether you have any TPP permissions set up and if so, who with.
  2. Once your new account is open, you can give your permission to the TPP to access your new account by providing them with your new account details. You'll need to contact the TPP directly yourself to set this up.
  3. If you’re unsure as to whether we’ll support TPP permissions on your account, you’ll need to discuss this ahead of your switch with us and we’ll be able to advise you of this.

Please check our terms and conditions for more information about Third Party Providers.

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Useful information about switching business bank accounts