Apply for a bank account online with Santander Bank. We’ll also set up a payment redirection for any credits or debits from your old account to your new one for at least 3 years. You will receive a new account number, card and PIN. If there are any holdups which mean you lose or pay interest or other charges, you’ll be refunded. Which Type Do You Need? Buying GAP Insurance: Your Essential Guide, Broken Down with No Cover? Are you sure you want to close the window? What to Know About Defined Contribution Pension Schemes Before You Retire, A Beginner’s Guide to Investing in Cryptocurrencies, 4 Ways for Beginners to Start Investing in Gold, 5 Things to Understand About Ethical Investing Before Getting Started, How to Use the Debt Snowball and Debt Avalanche Methods. Activate your Santander Debit Mastercard ®: You'll receive it in the mail within 5 to 7 days. Enjoy convenient online bank account options from one of the best personal banks. Keep control of your day-to-day spending. Seamless invoicing, tax and VAT Our comparison service features a selection of providers from whom we receive commission. You cannot apply for a HSBC Kinetic Current Account IF the sole purpose of opening the account is to access a Bounce Back Loan (BBL). Unlimited deposit on this plan subject to maximum balance and daily transaction limits, £4,000 maximum monthly deposit on this plan, Create, track and send invoices from your app, Sync with Xero and FreeAgent. For multi-owner accounts, one user will need to initiate the switch from the app. Business account and multi-currency accounts: hold, exchange, send and receive funds in 28+ currencies – always at the real (interbank) rate, Issue physical and virtual debit cards: optimize spend and capture receipts in the app instantly; get one metal card free, Ideal for Ecommerce: easily accept payments on your checkout page and with plugins for WooCommerce, Magento 2.0 and PrestaShop, Available for limited companies, PLCs, LLPs, Partnerships & unlimited companies, Currently available for companies registered in and with a physical presence within the European Economic Area (EEA) and Switzerland, Revolut accounts do not support cash deposits or cheques, Scale your business: £50k free FX, 30 free team members and 2 free metal cards, Designed for international ecommerce: save the FX fees charged by your acquirer, accept card payments directly with our payment gateway and plugins, Safety and full control: use virtual cards to spend online, set limits and customize your own rules for payments approval, Business account: hold, send and receive funds in 28+ currencies, exchange at only 0.4% fees, Free smart debit cards for you and one team member: track and control spending in real-time, Seamless integrations: automate accounting with tools you already use like Xero, QuickBooks and Freeagent, Designed for cross-border business: currency exchange at the real (interbank) rate and unlimited multi-currency accounts, Ideal for corporate expenditure: issue physical and virtual cards, segregate spend, track expenses and capture receipts in the app, For businesses with an annual turnover from £2,000,000, Access to support services and business finance. How to switch. Other reasons for wanting to switch could include access to a larger overdraft facility, better customer service, or access to specialist support services that can help you to grow as a business. Manage your expenses Consumer Hospitality & Leisure, Retail & Wholesale, Charities, Franchises and Healthcare. Lisa Short Business Development Manager lisa.short@santander.co.uk 07513 478 905. It doesn't matter why you want to switch business accounts, you are fully within your rights to do so at any time. Now, switching has been made simpler and will be completed within seven days. Any payments accidentally made to your old bank will automatically be redirected to your new account. Must have been trading for a minimum of 18 months to apply for an NerdWallet UK website is a free service with no charge to the user, for more details on how our site works click here. Santander has won a whole raft of Business Moneyfacts awards, including Best Business Current Account … More info. It's always nice to know you're on the right track. Switching your business account to Metro Bank is simple – as long as your business has less than 50 employees and an annual turnover below £6.5 million, we’ll … Device restrictions may apply. This includes all direct debits and standing orders, which will automatically be transferred to your new account by your bank. Anyone looking to switch business bank accounts will notice that the services offered by different account providers vary hugely. Business Debit Cards are available on request to you and your employees. Does GAP Insurance Cover Negative Equity? For everyday business banking, with 18 months free for startups (in their first year of trading). Business current account The award-winning business bank account. If we can’t do that, we’ll ask you to provide some additional proof of your identity and address. Waived if account balance kept above £10,000. As long as you’re a small businesses, charity or trust with less than 50 employees and an annual turnover of less than £6.5m, you can switch your business account within seven working days through the free Current Account Switch Service, just as you would a personal account. From time to time there’s a £50 referral fee, though there hasn’t been one for a long time. To see how your application is progressing, you can log in and resume your application here. We’ll also give your new details to people paying your old account. To get it, you'll need to open the account, switch and pay in £1,000+ within three months. Commercial Cards are available for you and your employees (subject to status). All you need to do to get started is open a Business Current Account. Are You Paying too much for your Pension? Is it a Good Idea to Use an Online Mortgage Advisor or Broker? Can I check the progress of my application? Keeping accurate financial records is a legal requirement and are essential for understanding your business. If your maximum monthly deposit is exceeded, then your account will automatically upgrade to the appropriate subscription plan. Find a new provider for your business banking needs. Should I Invest in Property or My Pension? Switching off these cookies means you could see adverts from us that are less relevant to you. The Santander 123 account used to be the best account for savers but now Martin Lewis is warning that it might be time to switch banks Hollie Borland 31 Oct 2017, 15:03 Santander switch offer. It will only take seven working days. Click here In respect of consumer credit, NerdWallet Ltd acts as a credit broker - not a lender. info Tide offers bank accounts provided by ClearBank (ClearBank® Ltd. is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority; registration number 754568). Set Up Alerts: Keep track of your account activity with alerts via text or email. Choose your business current account options. If anything does go wrong, we guarantee to sort it out and cover any losses you might incur. We will guide you through what will happen if you choose to cancel. Your address history for the past 3 years, Business details, such as your current business banking details, your registration number, address and the date of incorporation if your business is a limited company. Once your new account is open, you can give your permission to the Third Party Provider to access it. Just check the list of participating banks and building societies here to make sure you can switch. Provide your customers with a choice of ways to pay - online and in your retail outlet - to help you improve your cash flow, Protect what matters most with business insurance policies and workplace pensions provided by our preferred partners, Benefit from our extensive experience of providing guarantees so you can trade with increased security and reduced risk, Find the guidance you need to help you trade securely and cost-effectively overseas, Business Banking eligibility criteria applies*. ATM/Branch Locator LOGO. If your turnover is between £2m and £10m, you will need to apply by phone and check for Choose your switch date and agree to the terms and conditions. As your new current-account provider we offer the following guarantee. If you’re unsure if your new bank will allow the Third Party Provider to access your account, you’ll need to discuss this before switching. Switching business bank accounts should be an easy process as this action is covered by the Current Account Switching Guarantee, which was initially set up to help people to switch their bank accounts quickly and easily. You shouldn't incur any penalty charges when you switch accounts, but you will have to ensure you clear any debts you have with your existing account before you are able to switch. Business bank account Ready for business. You will not be able to downgrade from this plan. In the same list of 14 business current account providers, Santander also ranked 2nd for overdraft and loan services and relationship and account management, and 4th for service in-branches. overdraft, Open an account in 5 minutes - instant account number, sort code and Mastercard in days, Business account and accounting software in one app - instant automated bookkeeping, receipt tracker and invoice management, £500 maximum monthly deposit on this plan, To open an account you must be a UK resident, at least 18 years old and running a small business (Sole Trader/Director of a limited company). Business current account mobile app with automated bookkeeping features and corporate contactless MasterCard. It’s simple and stress-free, and the full switch option is backed by the Current Account Switch Guarantee [PDF, 37KB]. Switching to Santander is stress-free and can be completed in just 7 working days. Is an ISA a Better Investment than a Pension? Any credits or debits sent to your old bank account will be redirected automatically to your new account, giving you plenty of time to make sure you're happy that everything is as it should be. Major high street bank offering comprehensive business banking services with full online, telephone and in-branch access. We are happy to continue processing new account applications, but we wanted to let you know about the increased processing times – so you can make an informed choice. To switch your business account to us you should: Have annual business turnover between £0-3 million Require the account for business use Be a sole trader, partner or director and aged 18 or over Use promo code WALLET1 during app set up. It is advisable to check with your provider for any charges that apply to switchers just in case there are exceptions in certain circumstances. Understanding Low Interest Business Loans, The Business Insurance Expert: 5 Business Insurance Myths. During that period, you’ll be able to use your old account as normal. What is Universal Credit and How Can I Apply? Tap the top right icon to bring up the account menu and select ‘Switch to Starling’. **All loans and overdrafts are subject to status and application. As part of the disinvestment of NatWest and RBS business customers (following the Government buyout of RBS 10 years ago), incentives are being offered to business customers to stwitch banks away from RBS/NatWest - in the case of small businesses £1000 and larger businesses £25k. Open Euro, USD or other Foreign Currency Accounts for £5 (or currency equivalent) a month, Achieve your ambitions £5 monthly fee thereafter. Deposit cash easily at your local Post Office and deposit cheques of £500 or less via the Starling app. Lisa Short Business Development Manager lisa.short@santander.co.uk 07513 478 905. 1 Free banking means no account maintenance fee and free standard transactions on your primary account, any additional or secondary accounts will be charged in line with your choice of Small Business Tariff or Electronic Banking Tariff. Find the support you need to help your business get ahead, along with clear pricing so you know where you stand, Find an account to suit your business - whether you're just starting out or looking to switch banks, Separate your business spending, stay in control of your expenses and reduce your need for cash, Earn interest on surplus cash while keeping funds easily available for your business, Let us help your business to achieve its ambitions with our range of credit and lending facilities, Access and manage your trade requirements – whenever and wherever you need to, Discover a wide range of business finance solutions to help you achieve your business goals, Take advantage of our international expertise to help you remove some of the risks associated with global payments, Discover secure ways of receiving your goods and use our trusted payment methods to help you trade with confidence, Find the cover you need quickly and easily with a tailored insurance policy from our preferred partners, Free up your working capital and keep your business running smoothly with our invoice finance solutions, Let us take the complexity out of payments and handle them efficiently so you can focus on running your business, About clearing and foreign currency payments, Take advantage of our expertise and you'll be able to make and receive domestic and global payments with ease. 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