Join the Best Business Current Account provider, and you'll get:

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Pay a lower monthly fee for your day-to-day business banking for a year

If your small to medium sized business is in its first year of trading, has up to 2 directors, owners (shareholders) or partners and this is its first business current account with us, or if you switch your business current account to us from your current bank, you could be eligible for a reduced monthly tariff of £5 per month.

Your tariff includes £1,000 of monthly cash deposits, unlimited Santander ATM cash deposits and all your standard day-to-day business banking.

After this free business banking period, you’ll move to our 1|2|3 Business Current Account £12.50 per month tariff.

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0.10% gross/AER (variable) on any credit balances

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Annual cashback on your first £10,000 of annual credit turnover. The rate of cashback you’ll receive depends on the amount of money you deposit into your account each year (annual credit turnover) and will be at a rate of either 1%, 2% or 3%.

Cashback paid into your business account can be taxable and may be reportable to HM Revenue & Customs. For further information you should contact an independent tax adviser.

This account is for small-to-medium sized businesses with up to two directors, owners (shareholders) or partners, trading less than 12 months and opening its first Santander business current account.

If you own an established business, take a look at our Business Current Account or our 1|2|3 Business Current Account

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.

Also included:

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cheque book and Visa debit card

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contactless payments with your Visa contactless debit card or with your mobile by linking your Santander debit card to your Apple, Android or Samsung device

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depositing and issuing cheques

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withdrawals

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Direct Debits, standing orders, bill payments

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Bacs credits

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debit card payments

Charges apply to non-standard transactions such as change-giving, CHAPS payments and foreign currency transactions. 

A daily limit applies to cash machine withdrawals and a transaction limit applies to faster payments. Please see the Key Facts Document for full details.

 

Find out how much you could save

Managing your account

You choose how you bank with us:

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Online Banking

Secure, 24/7 banking. Make payments, view statements and much more

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Mobile Banking

Bank on the go with our Mobile Business 

Branch banking

Pay in, withdraw cash, deposit cheques and more over the counter at Santander branches 

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Free text and email alerts

Set up free alerts to let you know when your balance goes above or below specified amounts and get weekly 

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Telephone Banking

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

Post Office ®

Pay in, withdraw cash, deposit cheques and more at participating Post Office branches nationwide

 

Business overdrafts (there are fees associated with your overdraft)

As part of your application, you can apply for a business overdraft 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 and Representative rate is 5.75% EAR (variable) (Bank of England base rate plus 5%) and the Unarranged Overdraft interest rate is 25.75% EAR (variable) (Bank of England base rate plus 25%). The unpaid item fee is £15.

How to apply

You can apply for a 1|2|3 Business Current Account if:

  • you’re aged 18 or over
  • you have a UK registered business
  • your business has up to 2 directors, owners (shareholders) or partners
  • you’re a sole trader, or your business is a partnership, limited liability partnership, private limited company, or a trust.

You can apply for the 1|2|3 Business Current Account - Switcher offer if, in addition to the standard eligibility criteria above:

  • you switch your business current account to us from another provider using the Current Account Switch Service.

You can apply for the 1|2|3 Business Current Account – Start up offer if, in addition to the standard eligibility criteria above:

  • your business is in its first year of trading and opening its first business current account with us.

Please read the important information below before applying

Visit our site
Visit our site

Go to the Santander website

Call us
Call us

0800 068 7010

Your branch
Your branch

See if there's a Business Relationship Manager to help you.

Find a branch

Important information

A Santander 1I2I3 Business World customer is someone who holds a 1|2|3 Business Current Account (including Start-up and Switcher offers). All customers must meet the eligibility for the 1|2|3 Business Current Account (including Start-up and Switcher offers) and 1|2|3 Business World offer.

Subject to availability and may be withdrawn without notice 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 that we pay where no income tax has been deducted. Interest is calculated daily and paid monthly. Rates may change. EAR stands for Effective Annual Rate and represents the yearly cost of an overdraft, which takes account of how often we charge interest to the account, and does not include any other fees or charges. Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our Terms and Conditions.

Information is correct as of 4 October 2018.