What you can get
- Free everyday banking for start-ups for 18 months (£7.50 standard monthly fee)
- Standard day-to-day banking
- All directors, owners (shareholders) or partners are aged 18 or over and UK resident
- Up to 2 directors, owners (shareholders) or partners
- Your business is registered in the UK
- You're either a sole trader or your business is a partnership, limited liability partnership, private limited company or trust
(Subject to status)
Representative 5.75% EAR (variable)
Annual fee 1% of the agreed overdraft (minimum fee £50)
Use our quick and easy application checklist to make sure you have all the required information before you apply.
- your business is in it’s first year of trading, and
- this is your business’ first business current account with us.
There's no monthly account fee for the first 18 months, at the end of the 18 month period you’ll pay £7.50 per month.
- your business has been trading for more than a year, or
- you already hold a business current account with us and want to open an additional account
The fee for this account is £7.50 per month.
You can switch your business current account with any provider to us. You will receive a new account number, card and PIN
If you’d like to switch your business current account to us using the Current Account Switch Service, you’ll pay a reduced monthly fee of £5 per month for 12 months with the switcher offer on the 1|2|3 Business Current Account
For more information take a look at our switching support page
Business Current Account
Business Current Account start-up offer
£7.50 per month
No charge (for the first 18 months)
At the end of the 18 month period this account will cost £7.50 per month
Cash deposit charges at Santander ATMs and Post Office branch counters
No charge for deposits up to £1,000 per month (then 70p per £100)
No charge and unlimited ATM deposits (reverts to Business Current Account tariff after 18 months)
Charges apply to non-standard transactions such as change-giving, CHAPS payments and foreign currency transactions. Please see the Key Facts Document in ‘Other account information’ for full details.
Overdraft (there are fees associated with your overdraft)
As part of your current account application, you can apply for a business overdraft from £500 to £25,000 (subject to acceptance) if:
- you have a good credit history
- you haven't been declared bankrupt
- you haven’t been a disqualified director or a director of a failed business within the last 6 years and
- neither you, nor any of the directors, owners (shareholders) or partners, have had an Individual Voluntary Arrangement.
Arranged overdraft annual fee
1% of the agreed overdraft (minimum fee £50)
Arranged overdraft interest rate
5.75% EAR (variable)
Unarranged overdraft interest rate
25.75% EAR (variable)
Unpaid item fee
Paid item fee
Overdrafts depend on your circumstances and you must repay any overdraft when we ask, in line with our General Terms and Conditions.
Other borrowing options are available. See our business borrowing and finance options to find out more.
We’ll let you know at least 30 days before we debit your annual renewal fee and at least 14 days before we debit your monthly charges and interest.
Please see the Key Facts Document in the ‘Key documents’ section for full details.
We recommend reading the information in the documents below before you apply. You may want to save or print them so you can refer to them in the future.
24/7 banking on all your devices. You can set up paper free statements and set up personalised account alerts.
- Online Banking
- Mobile banking app
- Face-to-face banking at Post Office branches
- Telephone Banking
- Use our ATMs to withdraw cash, make cash and cheque deposits, check your balance and manage your PIN (all transactions subject to account limits)
Accounts opened from 18 December 2019 will be automatically registered for free alerts about account balance and payments to help you avoid unarranged overdraft charges. We’ll send them as texts to the mobile number you’ve registered with us, so please make sure it’s up-to-date.
For accounts opened before 18 December 2019, if we have an email address for you, you’ll receive unarranged overdraft usage alerts by email as well as to the mobile number you’ve provided.
Arranged overdraft alerts will also be available from 18 December 2019, however we will not auto-enrol you into these. You can choose to receive these alerts via Online Banking, in Branch, or by calling us on 0800 731 6666.
If you have Mobile Banking we may also choose to send you alerts as notifications there in the future.
Once the alerts have been set up, if you don't want to receive or want to change alerts, you can do this in Online Banking or by calling us on 0800 731 6666.
Participating providers of UK business bank accounts have agreed to a basic set of information that they'll need from you to set up your UK business current account. Find out what you'll need to provide using the simple business account checklist from UK Finance, the UK's leading trade association for financial services. This is only a standard checklist, so you may have to provide additional information while completing our application form.
To make your application journey as easy as possible we’ve created a checklist so you have all the information required to hand including your personal identity and existence of your business. Check you’ve got the right information you’ll need
If you are, or have applied to become a Payment Service Provider, please go to the Payment Service Provider page to find out more about the services available and how to make contact with a Santander Relationship Director.
Keep your banking details private and secure.
For more information about our approach to security as well as more useful information to help you stop the threat of fraud visit our Security Centre
You can transfer your Santander business current account online if you’re:
- a sole trader or current partner in a partnership
- a member of a limited liability partnership
- a director of a private limited company; or
- a trustee of a trust
- only your signature is required to operate the existing account on behalf of the business
- the account you want to transfer is a Business Everyday Current Account, a Business Current Account or a 1|2|3 Business Current Account
When you transfer your existing Santander business current account you’ll be able to keep your existing account number, card and PIN. You’ll need to have your existing account details handy to transfer.
If you want to transfer now you’ll need to log on to Online Banking, then go to ‘Apply online’ on the right hand side and click on ‘Transfer current account’.
You can transfer your account by calling us on 0800 085 1968, or by visiting your local branch.
Join an award-winning bank
We're proud to have been awarded Best Business Current Account Provider for the last 17 years by Moneyfacts. We’ve also been named Business Bank of the Year for the last 5 years by Moneyfacts.
This account also comes with
Information correct as at 28 March 2019