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Start-up Business Current Account

Free business banking for up to 18 months

12 or 18 months free business banking with the Start-up Business Current Account 

If your small to medium sized business is in its first year of trading, has up to two directors, owners (shareholders) or partners and this is its first Business Current Account with us, you could be eligible for either 12 or 18 months free business banking.

After this free business banking period, you'll move to our £7.50 per month tariff.

You'll get:

  • Interest - earn 0.10% gross/AER (variable) on any credit balances.

  • Flexible ways to manage your money - at Santander cash machines and participating Post Office branches nationwide, as well as in Online and Mobile Banking

  • A chequebook and Visa debit card

  • Online business support and guidance

Join the Best Business Current Account Provider for 15 years

We're proud to have been awarded Best Business Current Account Provider for the last 15 years by Moneyfacts. We’ve also been named Business Bank of the Year for the last 3 years by Moneyfacts, as well as the Most Trusted Bank for Small Businesses by Moneywise in 2016.  

 

 

 

Please read the full product details and terms & conditions before applying. Other
accounts are available; see our business current account range to find out more.

 

 

One less expense to think about

If you have a small to medium sized business with up to two directors, owners (shareholders) or partners, you could be eligible for our Start-up Business Current Account.

Plus, if your business is in its first year of trading and this is its first Business Current Account with us, you'll get 12 months free business banking with this account. On top of this, you'll get 6 months extra - that's 18 months free Business Banking in total - if prior to opening your account you are a 1|2|3 World or Santander Select customer (see our eligibility criteria below for further detail).

After this free business banking period, you'll move to our £7.50 per month tariff.

Both during the free business banking period, and once you move to our £7.50 per month tariff, the following transactions are included:

  • depositing and sending cheques

  • cash deposits

  • withdrawals

  • Direct Debits, standing orders, bill payments

  • Bacs credits

  • debit card payments

Your tariff doesn't include non-standard transactions such as change-giving, CHAPS payments and foreign currency transactions; a full list of non-standard transactions is available in the Key Facts Document. A daily limit applies to cash machine withdrawals and a transaction limit applies to faster payments. Please see the Key Facts Document on the 'terms & conditions' tab for full details.

What you'll get:

  • A Visa debit card (other types of cards are available to give to your employees)

  • Contactless payments with your mobile by linking your Santander debit or credit card to your Apple or Android device

  • A chequebook

What happens after free Business Banking ends?
You'll keep the same account number and card and simply move onto our Business Current Account on the £7.50 per month tariff. This will allow you to deposit up to £1,000 in cash per month and includes all your standard day-to-day banking. If you go over your monthly cash deposit limit, you'll pay 50p per £100 cash deposited.
The tariff is based on your monthly cash deposits, but by then you'll understand your business' cash flow and it may be that a higher tariff may be more cost-effective for you. If this is the case, we can transfer you to that tariff.

Business Overdrafts
You can apply for a business overdraft with a Start-up Business Current Account and borrow from £500 to £25,000 (subject to acceptance). There is an arranged overdraft annual fee of 1% of the agreed overdraft (minimum fee £50). The arranged overdraft interest rate is 5.25% EAR (variable) (Bank of England base rate plus 5%) and the unarranged overdraft interest rate is 25.25% EAR (variable) (Bank of England base rate plus 25%). The unpaid item fee is £15. For more information, see Business Overdrafts.
Other borrowing options are available, such as business loans or asset finance; see our business borrowing and finance options to find out more.
 
Join the Best Business Current Account Provider for 15 years

We're proud to have been awarded Best Business Current Account Provider for the last 15 years by Moneyfacts. We've also been named Business Bank of the Year for the last 3 years by Moneyfacts, as well as the Most Trusted Bank for Small Businesses by Moneywise in 2016. 

     

The 1|2|3 World
A Santander 1|2|3 World customer is someone who holds one of our 1|2|3 current accounts, 1|2|3 Credit Card (including additional card holders) or the 1|2|3 Mini Account (in Trust). Trustees are not classed as 1|2|3 World customers. All customers must meet the eligibility for each product and 1|2|3 World offer. Please note the 1|2|3 Credit Card is no longer on sale. Find out more about 1|2|3 World.
 

Your money, your way
You choose how you bank with us.

Need a helping hand? Use Send Me the Link to send yourself our mobile apps, videos, guides, & factsheets

Send me the link allows you to send yourself links for our mobile apps, videos, guides, & factsheets which can help you with your Online & Mobile Banking needs. Access Send Me the Link here.
 

Online Banking
Secure, 24/7 banking. Make payments, view statements and much more. More on Online Banking.

Mobile Banking
Bank from anywhere using our Santander Business Banking app or by using bb.santander.co.uk. Get the app.

Free text and email alerts
You don't have to wait for your statement to arrive or to log on to find out something has happened on your account anymore. By setting up the alerts you want in Online Banking we can send you a text or email when it happens – such as when your balance goes above or below a certain amount. More on free alerts.

Telephone
Call us on 0800 731 6666. Lines open 8am to 9pm Monday to Friday and 8am to 2pm Saturdays. More on Telephone Banking.

Post Office
As a Santander Business Banking customer you can pay in, withdraw cash, deposit cheques and more at participating Post Office branches nationwide (services and opening hours for individual Post Office branches within the Post Office Network may vary). More on face to face banking.

Cash machines
You can do more than just withdraw cash at our cash machines. For example, pay in the day's takings in cash or cheques or see your latest transactions and balance.

 

Your interest
You'll earn 0.10% gross/AER (variable) interest on your credit balance. Interest is calculated daily and paid monthly, usually on the same day of the month on which you opened your account. The gross rate is the interest rate we pay where no income tax has been deducted.

Paid-for transactions
All day-to-day banking is free. If you do any non-standard transactions, you will pay a fee. Non-standard transactions include change-giving, CHAPS payments, and foreign currency transactions; a full list of non-standard transactions is available in the Key Facts Document.

Please see the Key Facts Document on the Terms & conditions tab for full details.

If you hold a Business Everyday Current Account, you have slightly different rates and fees. See Business Everyday Current Account Key Facts Document.

To open these documents you will need to have Adobe Reader. Download Adobe Reader for free

Everything you need to know before you apply

We recommend reading the information in the documents below before you apply. You may like to save or print them so you can refer to them in the future.

To view these documents, you may need to download Adobe Reader.

You can apply for a Start-up Business Current Account if:

  • all directors, owners (shareholders) or partners are aged 18 or over
     
  • all directors, owners (shareholders) or partners are UK residents
     
  • you've been trading for less than 12 months
     
  • your business is opening its first business current account with us
     
  • your business is registered in the UK
     
  • you have up to two directors, owners (shareholders) or partners
     
  • you are either a sole trader or your business is a partnership, limited liability partnership, private limited company or a trust

If you have more than two directors, owners (shareholders) or partners or your business entity isn't listed above, please visit Corporate & Commercial Banking.

Not-for-profit organisations such as clubs, societies or charities can also apply. Please see our clubs and charities accounts.

Apply online

Apply by phone
Call us on 0800 068 7010. Lines are open Monday to Friday 8am to 7pm.

Apply in branch
Contact your local branch to see if a Local Business Manager is available to support you.

Have you got the right ID?
If you are opening a Santander Start-up Business Current Account, we need to verify your personal identity and we may need to verify the existence of your business. Check you´ve got the ID you'll need to open the Start-Up Business Current Account

 

 

Apply online

Frequently asked questions

  • Call us on 0800 731 6666. Lines open 8am to 9pm Monday to Friday and 8am to 2pm on Saturdays.

  • If you already have a Business Current Account with us, you can apply for an overdraft if:

    • you have a good credit history and haven’t been declared bankrupt or had an Individual Voluntary Arrangement in the last 6 years (either the company, owners, partners or directors) 

    • you haven't been a disqualified director or a director of a failed business within the last 6 years

       

    Apply online
    If your business has up to two directors, owners (shareholders) or partners, you can apply online

     

    Apply by phone
    Call us on 0800 731 6666 between 8am to 7pm Monday to Friday

     

    Apply in branch
    To see if a Local Business Manager is available to support you, contact your local branch

  • You are eligible for the Start-Up Business Current Account if:

    • Your business is in its first year of trading and;

    • This is the business’ first Business Current Account with us

    • You have up to two directors, owners or partners

    If you do not meet these criteria you will need to apply for the Business Current Account.

    Examples of businesses that would not qualify for the Start-Up Business Current Account include:

    • An existing business that is changing its legal entity type e.g. from Sole Trader to Partnership

    • An existing business that is expanding e.g.opening additional outlets

  • To change your account details you will need to complete and return the Change of Details form. Once complete please return the form to Santander Business Banking, Bridle Road, Bootle L30 4GB. If you require assistance with your request please call the Business Banking contact centre on 0800 731 6666. Servicing lines are open between 8am to 9pm Monday to Friday and 8am to 2pm on Saturdays. Sales lines are open between 8am to 7pm Monday to Friday.

     

    If your business is a Club or Society, you’ll need to complete the Change of Details form for Clubs and Societies.

    • Sole traders

    • Partnerships

    • Limited Liability Partnerships

    • Private Limited Companies

    • Trusts

     

    Your business must have up to two directors, owners (shareholders) or partners.

     

    If you would like a relationship managed service or have comprehensive banking, international business or larger lending needs, please visit Corporate & Commercial Banking.

  • You can use your contactless card on London Buses, the tube, tram, Docklands Light Railway (DLR), London Overground and National Rail services that accept Oyster.

     

    To pay with contactless, simply touch the card reader with your contactless card - when you hear the beep, and/or see a green light, your payment is complete in the same way as for Oyster. Make sure you pay the right fare by touching the reader with the card you want to pay with as you board a bus or tram and at the start of all journeys on the tube, DLR, London Overground and National Rail and again at the end of the journey. Daily and Monday to Sunday capping is applied to journeys made using your contactless card.

     

    Please note: If you pay with a contactless card you will be charged a full adult fare, concessions (such as Student, 60+) will not be applied.

     

    It’s important to use the same contactless payment card for all your journeys. If you touch in on a yellow card reader with one contactless payment card and touch out with a different card, you could be charged two maximum fares for two incomplete journeys. Using different cards to pay for travel also means that you won’t be able to benefit from capping. If you think you have made an incomplete journey you can sign up for an online TfL account to be able to view up to 12 months of journey and payment history or you can call TfL Customer Services on 0343 222 1234.

     

    For help where the incorrect card has been charged, please call TfL Customer Services on 0343 222 1234.

  • You should let us know as soon as possible by calling 0800 731 6666 for debit cards or 0800 218 2345 for credit cards. If your card is lost or stolen, you’re protected against fraud provided you let us know as soon as you realise your card is lost or stolen and you have taken the proper precautions to keep your card and security details safe, as outlined in our terms and conditions.

     

    Lines are open 24 hours a day, 7 days a week.

  • Yes, you can use your contactless card abroad just as you can in the UK. Contactless transactions will be accepted whenever the Contactless Indicator is displayed . The contactless transaction limit may vary depending on local limits.

  • No, you can use your contactless card as many times as you’d like each day, but each transaction must be £30 or less. Every so often we may ask you to enter your PIN as a security measure to verify that you, the authorised cardholder, are still in possession of the card.

  • Can’t find what you are looking for? Find more on the Business FAQs page.

Subject to availability and may be withdrawn without notice at any time.

AER explained
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.

Gross rate explained
The gross rate is the interest rate we pay where no income tax has been deducted.

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