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Business Current Account - Start-up offer

Free business banking for up to 18 months

Join the Best Business Current Account Provider

12 months free standard day-to-day business banking
Monthly interest on any credit balance - 0.10% gross/AER (variable)
Online and Mobile Banking
Bank at participating Post Office® branches nationwide
Contactless payments with your phone or device when you link your Santander debit card


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 12 months free banking 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 are either a sole trader or your business is a partnership, limited liability partnership, private limited company or a trust

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.

After this free business banking period, you'll move to our Business Current Account £7.50 per month tariff and you'll keep the same account number.

If you feel another product or tariff would be more suitable, we will be happy to arrange a transfer.

What's included

  • unlimited cash deposits at Santander ATMs and Post Office® branches
  • depositing and sending cheques
  • withdrawals
  • Direct Debits, standing orders, bill payments
  • Bacs credits
  • debit card payments
  • a contactless Visa debit card and a chequebook

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.

Calculate

 

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.

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 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 Santander Start-up 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.

Apply for a new account

 

Online

Start an application 

Contact Us 

By phone
Call us on 0800 068 7010
Lines are open 8am to 7pm Monday to Friday.

 

In one of our branches
Contact your local branch to see if a Business Relationship Manager is available to support you.

Ways to bank

Here's just a few of the things you can do:

 

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

Contact Us 

Telephone Banking
Do your banking by telephone by calling our UK based team on 0800 731 6666 (8am to 9pm Monday-Friday and 8am to 2pm Saturdays).

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

 

ATM
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.

  • Never share a Santander One Time Passcode (OTP) with another person. Not even a Santander employee.
  • Never download software or let anyone log on to your computer or devices remotely during or after a cold call.
  • Never enter your Online Banking details after clicking on a link in an email or text message.

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

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. 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.