1|2|3 Business Current Account

Award winning by Moneyfacts. Earn interest and up to £300 cashback a year

123 Business Current Account

What you can get

(£12.50 standard monthly fee)

  • Up to £300 cashback each year 

  • Standard day-to-day banking

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

  • Access online, at Santander branch counters, ATMs and Post Office branches
  • 1|2|3 Business World offers 


  • All directors, owners (shareholders) or partners are aged 18 or over and UK resident 
  • Your business doesn’t already have a 1|2|3 Business Current Account (including start-up and switcher offers)
  • 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 with no more than 2 directors, owners (shareholders) or partners ​​​​​

Arranged Overdraft

(Subject to status)

  • Representative 5.75% EAR (variable)
  • Annual fee 1% of the agreed overdraft (minimum fee £50)


Cashback on first £10,000 of annual credit turnover

Annual credit turnover

Cashback amount


Less than £200,000

Up to £100 per year



£200 per year



£300 per year

Your credit turnover is any money paid into your account, except any credit interest we add to the account or money transferred from other Santander accounts also held in your business’s name. Cashback will be calculated annually on the same date the account was opened (or transferred to), or the first working day after this. Cashback will then be paid on the following working day. 


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 in our branches and Post Offices
  • In branch – pay in, withdraw cash, deposit cheques and transfer money (all transactions subject to account limits)
  • Telephone Banking
  • Use our ATMs to withdraw cash, make cash and cheque deposits, check your balance and manage your PIN 

Account alerts

We'll automatically send you alerts about your balance and payments in order to help you avoid charges (for example when you're in an unarranged overdraft, a payment has gone unpaid or you need to pay money in to cover a payment). These alerts are free, and will be sent by text message (or email if we don't have your mobile number). 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.

Fixed fee tariff

We offer a fixed fee tariff with the 1|2|3 Business Current Account for all your day-to-day banking:

£12.50 monthly fee

  • A monthly cash deposit limit of £1,000 then 70p for every £100 thereafter
  • Unlimited Santander ATM cash deposits

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 Documents for full details.

Business overdrafts (there are fees associated with you 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.

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.


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

Information is correct as of 25 July 2019.

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.

To apply to transfer online to the 1|2|3 Business Current Account:

  • You must be either a sole trader or a current:
  • partner in a partnership;
  • member of a limited liability partnership;
  • director of a private limited company; or
  • trustee of a trust
  • Only your signature must be required to operate the existing account on behalf of the business
  • You must have already made us aware of any changes to the partners, members, directors, shareholders or trustees of your business (as applicable) since you took out your existing account
  • Your business must not already have a 1|2|3 Business Current Account with us.

If your business does not meet these requirements, then please contact us before applying to transfer online.

Everything you need to know before you apply

Important contractual information is included in the documents which can be accessed using the links below. We advise that you read and consider these documents before proceeding with your transfer application. You should also print or save copies of these documents for future reference and for your records. If you have any questions regarding your transfer application or if you require further information, please contact us

  • 1|2|3 Business Current Account Key Facts Document (pdf) including Statement of Lender and Borrower Responsibilities, FSCS Information Sheet and Exclusions List
  • General Terms & Conditions (pdf) including Terms of Business. These Terms and Conditions include information relating to changes we are making over the coming months, you should keep a copy of these for your records. We will also send you a copy of the terms that apply today if you continue with your application.

If you do not understand any of the details about your chosen product or terms then please contact us before applying.

Transfer now