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1|2|3 Business Current Account

Standard day-to-day banking included in your monthly tariff
Annual cashback on your first £10,000 of annual credit turnover
Access to preferential rates and offers as part of the 1|2|3 Business World
Monthly interest on any credit balance – 0.10% gross/AER (variable)
Online and Mobile Banking
Use Santander branch counters, as well as participating Post Office® branches nationwide
Contactless payments with your phone or device when you link your Santander debit card


At Santander we want to reward our customers, which is why we pay you cashback on your first £10,000 of annual credit turnover if you have this account. Your credit turnover is any money paid into your account, including cash deposits, cheque deposits, electronic payments, Direct Debits and standing orders. It excludes any credit interest we add to the account or any money transferred from other Santander accounts also held in your business’s name. Annual Credit Turnover and cashback will be calculated annually on the same date that the account was originally opened (or transferred to), or the first Working Day after this date. Cashback will be paid into the account on the following Working Day. If the account is closed on or before a cashback payment date in any particular year, then cashback won’t be paid into the account.

Earn 1%, 2% or 3% cashback

Cashback on first £10,000 of annual credit turnover Annual credit turnover Cashback amount
1% Less than £200,000 Up to £100 per year
2% £200,000+ £200 per year
3% £300,000+ £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.

This account works for your business if:

  • all directors, owners (shareholders) or partners are aged 18 or over and UK residents
  • your business is registered in the UK
  • you have up to 2 directors, owners (shareholders) or partners
  • you're either a sole trader or your business is a partnership, limited liability partnership, private limited company or trust.

If your small to medium sized business is in its first year of trading and this is its first business current account with us, you could be eligible for our start-up business current account offers 

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

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.

Pay a fixed monthly fee

  • This account costs £12.50 per month.
  • There's no charge when you deposit money using a Santander ATM.
  • If you want to deposit more than £1,000 a month using our branch counters or the Post Office you'll be charged 70p per £100.

What you'll get

  • unlimited Santander ATM deposits
  • deposit £1,000 per month at Santander and Post Office branches (deposits above the limit are charged at 70p per £100)
  • Direct Debits, standing orders, bill payments
  • Bacs credit
  • Contactless Visa debit card and a chequebook.



We've done the hard work for you and compared our current accounts with similar accounts provided by other banks. Use our calculator to see how much you could save.


Switch to us
If you switch your business current account to us, you could pay a reduced monthly fee of £5 per month for 12 months with the switcher offer on the 1|2|3 Business Current Account. At the end of the 12 month period, you’ll still benefit from simple, straightforward, value-for-money banking as we’ll move you to the 1|2|3 Business Current Account £12.50 monthly tariff.


  1|2|3 Business World
If you have a 1|2|3 Business Current Account (including Start-up and Switcher offers) you're part of the 1|2|3 Business World which makes you eligible for preferential rates and offers. For more information take a look at our 1|2|3 Business World page.

Business overdrafts (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, haven't been declared bankrupt, 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. Other borrowing options are available. See our business borrowing and finance options to find out more.

Business account 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

Please read full product details and terms and conditions below before applying. Other accounts are available, see our business current account range to find out more.

To transfer your existing Santander account

Please call us on 0800 085 1968 or visit your local branch

  • You'll be able to keep your existing account number, card and PIN
  • If you’re successful, your account could be updated the same day
  • You'll need your existing account details handy

Ways to bank


Mobile Business Banking
Our fastest growing way to bank. Use your phone or device to:

  • bank in the office or on the go during your meetings
  • see balances and pay employees or suppliers
  • set up account alerts to let you know what's going on with your money

Get the App         More on Mobile Banking


Online Business Banking
24/7 banking on your desktop or laptop computer. Everything you can do on mobile, plus:

  • switch to paper-free and get your statements and other important notifications online
  • see your business and personal accounts in one place
  • request statements, cheque books and paying-in envelopes

More on Online Banking


Branch banking
Pay in, withdraw cash, deposit cheques and more over the counter at Santander branches. Santander customers can transfer from their existing Santander business current account to the 1|2|3 Business Current Account to use our branches for free (subject to account limits). More on branch banking
Find a branch

Contact Us 

Telephone Banking
Do your banking by telephone by calling our UK based team on 0800 731 6666

More on Telephone Banking


Post Office®
Pay in, withdraw cash, deposit cheques and more at participating Post Office branches nationwide (services and opening hours for individual Post Office branches may vary).

More on face-to-face banking


Use our ATMs to withdraw cash, make cash and cheque deposits, check your balance and manage your PIN.

Protect yourself from fraud

It's very important that you 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

Account alerts
We'll automatically send you alerts about your balance and payments in order to help you avoid charges e.g. 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.

Join an award winning provider

We're proud to have been awarded Best Business Current Account Provider for the last 16 years by Moneyfacts. We’ve also been named Business Bank of the Year for the last 4 years by Moneyfacts.


Start an application      Switch to us


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

AER explained
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.

Gross rate explained
The gross rate is the interest rate we pay where no income tax has been deducted.

EAR explained
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 General Terms and Conditions.

Santander UK plc. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. Telephone 0800 389 7000. Calls may be recorded or monitored. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 106054. You can check this on the Financial Services Register by visiting the FCA’s website Santander and the flame logo are registered trademarks.