Better banking for your business starts here
Check if your business is eligible
Reasons why a business account is the smart move
Whether you’re just starting your business, managing extra income or operating a side hustle, our Business Accounts can help you manage your income better.
Stay in control of your finances with free accounting software
- Simplify your expenses and automate business admin tasks
- Create and send professional looking invoices
- Digitally submit VAT to HMRC and be on top of your VAT position all year round.
Help your business grow with access to £5,000
Get an instant decision on up to £5,000 credit1 as a start-up across a credit card or overdraft to help you manage your cash flow and get things off the ground.
Apply via the app once your account is open.
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 £20,000.
- Make payments of up to £250,000 per day.
Scan to download our app
Support for your business
Manage your cash flow and expenses whilst earning rewards
- Manage your business expenses, free up cash flow and earn rewards with our Credit and Charge Cards.
- You’ll get interest-free credit days on purchases, travel insurance and you can earn cash back on eligible purchases.
Take payments the easy way
Our payment solutions can help you take the hassle out of taking payments, however your customers choose to pay.
Our Business Debit Card offers an affordable way to settle your daily expenses
Get a business debit card when applying for a Business Account with no annual fee. You could also:
- Withdraw up to £700 of cleared funds per day.
- Use your card for on-the-go contactless transactions of up to £100.
- Speed up deposit transactions with your card at branches.
Protect your business with our Business Insurance
- Protect your business against unforeseen circumstances, such as liability claims and property damage.
- To secure the right price and cover, you’ll have access to a panel of leading insurers both online and over the phone.
- Quick quote online today with support from a specialist team over the phone if you need it.
A wealth of insights and guidance at your fingertips
Guidance to help you launch your business
Useful guides and resources to help you get your new business off the ground.
Cybersecurity for your business
Get a 60-day free trial and discounts on Norton Small Business plans.
Frequently asked questions
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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, 208KB) and product terms and conditions.
Estimate with our calculator how much your business account could cost per month after the first year.
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If you run a small business, there are various benefits to having a business bank account with Bank of Scotland:
- Separate business from personal transactions to make business accounting easier
- Access expert resources and support to grow your business skills
- Manage your accounts using online business banking.
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If you’ve already started an online application, you can continue or check the status of your application at any time using the log on button in your welcome email, which you’ll get once you’ve provided your personal details.
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Whether you're a freelancer, small business, sole trader or limited company having a dedicated business account has lots of benefits. Keeping business finances separate from your personal income and having all your business transactions in one place can make managing your finances easier.
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Yes, if you are a sole trader running your own business and self-employed. Keeping business finances separate from your personal income and having all your business transactions in one place can make managing your finances easier.
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You can apply for an account in minutes. On-the-go? Download the app and apply from anywhere in the UK. Discover our mobile app.
Or you can apply using the website. Apply online now.
To open your business bank account, you’ll need a few documents to hand. 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 your signature and one of yourself
- a form of ID such as your passport or UK driving license
- proof of your business address such as a utility bill.
If you’re applying for an account for a limited company bank account, Companies House must be up to date before we can progress your application. Please allow four days from the date of your Companies House registration before applying to open a business bank account.
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You can open a Business Account with us if you’re a sole trader or the director of a limited company.
We have other types of accounts for schools and for charities and community organisations.
Read more and check if your business can apply.