You are in

Start-up Business Current Account

Free business banking for up to 18 months

Our Start-up Business Current Account is designed for small to medium sized businesses with up to two directors, owners (shareholders) or partners. If your business is in its first year of trading and you're opening your first business current account, you'll get 12 months free business banking with this account. After this free business banking period, you will move to our £7.50 per month tariff.

Plus, you'll get 6 months extra - that's 18 months free Business Banking in total - if you become or are an existing 1|2|3 World or Santander Select customer (see our eligibility criteria below for further detail).

Our Start-up Business Current Account includes:

  • Free and unlimited day-to-day transactions during the start-up period  - no hidden charges.

  • Easy access - secure Online and Mobile Banking 24/7, plus free text message and email alerts on your account.

  • Access at cash machines and at participating Post Office branches nationwide (services and opening hours for individual Post Office branches within the Post Office Network may vary).

  • Earn interest - 0.25% gross/AER (variable) on any credit balances.

  • Online business support and guidance.

A 1|2|3 World customer is someone who holds one or more of the following products :

1|2|3 Credit Card, 1|2|3 Current Account, 1|2|3 Graduate Current Account, 1|2|3 Student Current Account, 1|2|3 Postgraduate Current Account, 1|2|3 Mini Current Account or 1|2|3 Mini Account (in Trust). Trustees are not classed as 1|2|3 World customers. To be eligible for 1|2|3 offers they must be a 1|2|3 World Customer in their own right. Find out more about 1|2|3 World 


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
It's simple, with the Start-Up Business Current Account you get free and unlimited day-to-day Business Banking for 12 or 18 months.

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

  • depositing cash over the Post Office counter

  • withdrawals

  • Direct Debits, standing orders, bill payments

  • Bacs credits

  • debit card payments.

For any non-standard transactions, such as change-giving, CHAPS payments and foreign currency transactions, you will pay a fee.

Daily transaction limits may apply, for example, but not limited to ATM withdrawals. Please see the Key Facts Document on the Terms & conditions tab for full details.

What you can get

  • Visa debit card and other types of cards are available to give to your employees.

  • Contactless payments through your phone if you have an iPhone 6, iPhone 6 Plus or Apple Watch and link it to your card using Apple Pay.

  • Chequebook.

Business Overdrafts
You can apply for a Business Overdraft with a 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 5.5% EAR (variable) (Bank of England base rate plus 5%) and the Unarranged Overdraft interest rate is 25.5% EAR (variable) (Bank of England base rate plus 25%). The unpaid item fee is £15. For more information, see Business Overdrafts.

Plus plenty of extra support

  • The option to apply for Business Overdrafts and Loans subject to lending criteria.

  • Free online business guides to help you start your business.

  • Access to card payment terminals so you can take card payments from your customers at your premises or elsewhere.

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 onto that tariff.

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

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 Text me 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.

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 0.25% 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. Interest will be paid net, unless evidence is provided to confirm your eligibility to receive interest gross.

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.

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

If you opened the Business Current Account before 24 October 2011, you have slightly different rates and fees. See Interest rates and fees for products no longer on sale.

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 the Start-up Business Current Account if you:

  • are aged 18 or over

  • have been trading for less than 12 months

  • are opening your first business current account

  • have a business that's registered in the UK

  • have up to two directors, owners (shareholders) or partners

  • 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 open 8am to 7pm Monday to Friday.

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




Frequently asked questions