We could help your business prosper with our Business Current Account if:
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
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 in the Terms & Conditions box below for full details.
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.
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.
Participating providers of UK business bank accounts have agreed to a basic set of information that they will 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?
If you're opening a Business Current Account, we 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.
Please call us on 0800 085 1968 or visit your local branch
Here's just a few of the things you can do:
Mobile Business Banking
Online Business Banking
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
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.
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.
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.
Gross rate explained
The gross rate is the interest rate we pay where no income tax has been deducted.
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. www.santander.co.uk. 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 www.fca.org.uk/register. Santander and the flame logo are registered trademarks.