Apply now for a Business Account

From 10th December 2025, some of our terms and conditions are changing.

Switch to a Business Account that works as hard as you

First account with us? No account fee for a year then £8.50 a month

Keep control of your finances with free accounting software

         

Instant decision on up to £25,000 credit* to help your business grow


 

Current Account Switch Guarantee logo

Switching to us is easy

The Current Account Switch Service makes switching current accounts from one UK bank or building society to another simple, reliable and stress-free. It is available to consumers, small businesses, charities and trusts and allows you to choose a switch date that suits you.

Switch using the Current Account Switch Service

Switch using the Current Account Switch Service

If your business has an annual turnover of under £3 million, you can apply online to switch your business bank account using the Current Account Switch Service.

Switch to us

Turnover of £3 million to £25 million? Let’s help you switch.

Apply for a Business Account by answering some questions online. You can use the Current Account Switch Service when we open your new Business Account.

Open a Business Current Account without switching

Apply today for a Business Account or Community Account. If you qualify for the Current Account Switch Service, you can use this to switch later. 

Open an account

Is this account right for my business?

You can apply for this account if: 

  • you’re at least 18 years old.
  • you’re a UK resident and have a UK mobile phone number.
  • you’re a sole trader or director of the business.
  • the business has an annual turnover of £25m or less.
  • the business is trading from an address in the UK.

If you have a limited company: 

  • it must be registered in the UK.
  • it must have been registered with Companies House for at least four days.
  • check that no changes have been made to the Companies House register in the past four days.
  • it must have an ‘active’ status on the Companies House register.

Get ready to apply

What you'll need: 

  • details about you, where you’ve lived, and your tax status
  • information about your business, including what you do, who you work with, and where you work
  • a way to take a live photo of yourself
  • your signature, and a form of ID such as a UK driving license or passport, and possibly some other documents.

Bank on-the-go 24/7 with our business banking app

Log in at a time that suits you using your secure login details. For extra security, use fingerprint and Face ID on compatible devices.

  • Check balances and transactions at the touch of a button.
  • Pay in cheques via the app up to a daily limit of £10,000.
  • Make payments of up to £250,000 per day.

 

More about the app

Borrow up to £25,000 to grow your business

You could borrow up to £25,000 across a Business Overdraft or Business Credit Card when you switch to us*. This could help you manage cash flow, grow your business and be ready for any unexpected costs.

Frequently asked questions

  • Find out more about our Business Account fees and charges. 

    Payment type

    Payment type

    Introductory offer

    No monthly account fee for 12 months if it’s your first business account with us

    Payment type

    Monthly account fee

    £8.50 after 12 months

    Payment type

    Electronic payments in2

    Free

    Payment type

    Electronic payments out2

    First 100 a month is free / £0.20 each after that

    Payment type

    Cash payments (in or out)

    £0.85 for every £100 at an Immediate Deposit Machine / £1.50 for every £100 over the counter

    Payment type

    Cheques (in or out, any amount)

    £0.85 at an Immediate Deposit Machine / £1 over the counter

    Payment type

    Credit paid in at branch or cash machine

    £0.85

    Payment type

    Credit paid in at an Immediate Deposit Machine, Automated Deposit Machine, through the app 

    Free

    Payment type

    BACS

    File submission: £5.50

    BACS Item: £0.15 (a set up fee may apply)

    Payment type

    CHAPS

    £30

    Payment type

    Sending and receiving money abroad 

    Payment type

    Balances below £0 (going overdrawn)

    Payment type

    Other account services

    No credit interest is payable on these accounts.

    See the full account rates and charges (PDF, 1.1MB) and product terms and conditions.

    Estimate with our calculator how much your business account could cost per month after the first year.

    UK Finance business account opening guide

    2Electronic payments include:

    • Direct Debits
    • Standing Orders
    • Faster Payments Debits
    • Internet/Telephone Banking Debits
    • Internet Bulk Payments
  • Your business bank account will switch within seven working days from when your new account is opened under the Current Account Switch Service guarantee. 

  • No, you won’t need to close your old bank account yourself. Your old bank will close your account as part of the Current Account Switch Service process. All you need to do is fill in the instruction form to authorise the closure. 

  • Making the switch to a business bank account with Bank of Scotland, or any other bank using the Current Account Switch Service, is straightforward. It’s an easy process designed to make changing banks and transferring important information stress-free. Sit back and wait until your switch date and we’ll take care of the rest.

  • The Current Account Switch Service lets you switch your current account from one bank or building society to another in just seven working days. It's simple, reliable, and stress-free. We move everything over to your new account, redirect any payments sent to the old account, and make sure your old account is closed.

     

    • The service is free to use and you can choose and agree your switch date with us.
    • We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
    • If you have money in your old account, we will transfer it to your new account on your switch date.
    • We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
    • If there are any issues in making the switch, we will contact you before your switch date.
    • If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.

    Current Account Switch Guarantee (PDF, 65KB)

    Current Account Switch Guide (PDF, 71KB)

  • The Current Account Switch Service is a fast and simple way to switch your Business Account to us. 

    Before using the service, check it’s right for you. Your business must:

    • have an annual turnover below £6.5 million
    • employ fewer than 50 people. 

    You’ll also need to check that your existing bank is signed up to the service. Over 50 banks and building societies take part in the Current Account Switch Service - view the full list here.  

    Got a different question? Check the Current Account Switch Service FAQ page

Independent service quality survey results

Business current accounts

 

Published August 2025

As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of each of the 17 largest business current account providers if they would recommend their provider to other small and medium-sized enterprises (SMEs*). The results represent the view of customers who took part in the survey.

Overall service quality

We asked customers how likely they would be to recommend their business current account provider to other SMEs.

*SMEs include businesses, clubs, charities and societies with an annual turnover/income of up to £25m (exclusive of VAT and other turnover-related taxes).

Ranking

Business current accounts Overall service quality survey results.  Ranking 1st place monzo 85%, 2nd place Mettle 82%, 3rd place Starling Bank 81%, 4th place Handelsbanken 76%, 5th place Tide 72%, equal 14th place Bank of Scotland 51%

View the full set of results

The requirement to publish the Financial Conduct Authority Service Quality Information for Business current accounts can be found here.

*Apply online once your new Business Account is set up and you’ll get an instant decision. Eligibility for lending will be assessed as part of a separate application, and there is no guarantee of lending being granted. All lending is subject to status.