1|2|3 Business Current Account

Up to £300 cashback on your annual credit turnover

123 Business Current Account

Cashback on your annual credit turnover

  • Your day-to-day business banking from £12.50 a month

  • We offer a fixed fee tariff which includes £1,000 of monthly cash deposits, unlimited Santander ATM cash deposits and all your standard day-to-day business banking

  • Know what you’re paying and when with one fixed monthly repayment

  • 0.10% gross/AER (variable) on any credit balances
  • Become part of the 1|2|3 Business World, giving you access to preferential rates and offers

  • 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%.



  • 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)


Also included


  • cheque book and Visa debit card
  • 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
  • depositing and issuing cheques
  • withdrawals
  • Direct Debits, standing orders, bill payments
  • Bacs credits
  • debit card payments


We’re proud that our 1|2|3 Business Current Account has been rated as outstanding by Moneyfacts.

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

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.

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.

Managing your account 

Online Banking

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

Mobile Banking

Bank on the go with our Mobile Business Banking app

Branch banking

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

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 balance alerts

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

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)

We offer Arranged Overdrafts on this account from £500 up 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.

You can only have one 1|2|3 Business Current Account (including Start-up and Switcher offers) per business at any one time.

Important information

A 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 6 June 2019.

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.

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

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

Transfer now