Start-up Business Current Account

Everyday banking for your business

Business Current Account

What you can get

  • Free everyday banking for start-ups for 18 months (£7.50 standard monthly fee)
  • Access online, at Santander ATMs and Post Office branches
  • 0.10% gross/AER (variable) monthly interest on your credit balance


  • 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

Arranged Overdraft
(Subject to status)

Representative 5.75% EAR (variable)

Annual fee 1% of the agreed overdraft (minimum fee £50)

This offer works for you if:

  • 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.

Switch to us in 7 days

You can switch your business current account with any provider to us. You will receive a new account number, card and PIN




For more information take a look at our switching support page


Account fees and charges

Business Current Account

Business Current Account start-up offer

Monthly fee

£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)
(Bank of England Base Rate plus 5%)

Unarranged overdraft interest rate

25.75% EAR (variable)
(Bank of England Base Rate plus 25%)

Unpaid item fee


Paid item fee

Not applicable

Overdrafts depend on your circumstances and you must repay any overdraft when we ask, in line with our General Terms and Conditions.

Everything you need to know before you apply

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.


Ways to bank with us

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 

Account alerts

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.

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.

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.

Checklist – what you’ll need to open an account

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.

Have you got the right ID?

We’ll need to check your personal identity and we may need to check the existence of your business. Check you’ve got the ID you'll need

Payment Service Providers

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

Information correct as at 6 June 2019.