Switcher Bank Account

Free day-to-day business banking forever

While others may offer free business banking for 12 or 18 months, we give you free day-to-day business banking forever – you’ll only be charged if you exceed the agreed limits. And with our e-banking and telephone services you can access your business account anytime, wherever you are. Apply for your Santander Business Account today.

Why choose the Santander Business Account?

• Free day-to-day business banking forever: provided you keep within our agreed limits. Please see below for details.
• Excellent interest: of 6.00% AER / 5.84% gross (fixed) on balances up to £2,500 for the first 12 months when you switch using the Account Transfer Service and make monthly credits to your account of £1,000 or more. After the first 12 months this rate reverts to 1.00% AER / 0.80% gross (variable)
• Fee free overdraft: we will match your existing overdraft facility for the first 12 months (depending on your circumstances) and there will be no annual fee for the first year. An annual commitment fee of 1% (minimum £50) will be charged after 12 months. The interest rate is 5.9% plus base, currently 6.4% EAR (variable). 
• Interest: paid on credit balances, calculated daily and paid monthly, currently 0.10% AER / gross (variable). This rate applies for the months in which you do not make credits of £1,000 or more, on balances over £2,500  and after the first 12 months.
• Flexibility: authorise other people to access your business account, with different levels of access
• Easy to use: link to a Santander business savings account to move funds quickly and maximise your earnings on surplus cash

Call us now on 0845 606 0874 to open an account

Lines are open Monday to Friday 8am to 6pm and Saturdays 8am to 1pm

Click here to apply

It’s easy to switch

Our dedicated account transfer team will help make your switch to Santander straightforward and hassle-free. We’ll aim to make everything as quick as possible, but it can take up to 28 days to complete the transfer. Click here for more details

Switcher application form

This account offers free day-to-day business banking forever, for businesses operating within specified transaction limits. Charges apply for transactions that exceed the specified free limits and are listed below. Charges for non-standard services are listed in rates and charges

All charges are exempt from VAT.

¹Cash deposits made at cash machines located at Santander branches. Only bank notes can be deposited.

Call us now on 0845 606 0874 to open an account

Lines are open Monday to Friday 8am to 6pm and Saturdays 8am to 1pm

To be eligible for the 6.00% AER / 5.84% gross (fixed) on the first £2,500 for 12 months from account opening customers must switch to a Santander Business Bank Account using our Account Transfer Service and make monthly credits to their account of £1,000 or more. The applicable in-credit rate will be paid monthly on the whole balance (see rates and charges for details). This is a limited offer for 12 months. Rates are variable and can change at any time.

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay before income tax is taken off. Rates may change and we pay interest each month.

These products are available to businesses with a turnover of £1 million or less.