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Business current account

You'll get everything you expect and more with our Business Bank Account

Much more than just a bank account

Our business current account gives you everything you'd expect – and a lot more besides.

Accounts benefits

Move your banking to Barclays and you’ll benefit from:

  • Support and guidance from your Business Banking telephone team with our Service Guarantee
  • A choice of 2 straightforward Price Plans that you can switch between to enjoy the charging structure designed around how your business makes and takes payments
  • Our Loyalty Reward, which gives you back more of your account charges the longer you bank with us
  • The flexibility to manage your account online, by phone, in branch or using the Barclays Mobile Banking app 3
  • Get paid instantly using just your mobile number with Barclays Pingit 4

Service Guarantee

This is our promise to you that:

  • Our Business Banking telephone team aims to resolve every query straight away
  • If your query can’t be settled there and then, you’ll be given a named point of contact who will take personal responsibility for looking into the query and making sure you’re kept informed until it’s resolved

Additional services:

  • Free CREDITFOCUS classic 5 – our service to help you recover and reduce late payments and bad debts
  • Consultations with an accountant, marketing professional and solicitor

Rates & charges

When moving your account to Barclays, you have the choice of 2 simple Price Plans:

  • Mixed Payments Plan – designed for business that mainly use cash, cheques or a range of ways to make and receive payments
  • e–Payments Plan – designed for businesses that receive electronic payments and make payments mainly through Online Banking and debit cards

 

  Mixed Payments Plan e-Payments Plan
Electronic payments (in or out) £0.35 Free
Cash payments (in or out) £0.90 (Per £100) £1.50 (Per £100)
Cheques and assisted payments (in or out) £0.65 £1.50
ATM cash out and electronic internal transfer Free Free
Monthly account fee £6.00 £6.50

 

For more information on our charges download our Business Current Account Price Plan Charges sheet 450 KB 6

 

Price Plan Selector

Want a little more help to choose the Price Plan that's right for your business? Use our Price Plan Selector

 

Price Plan Guarantee

The way your business makes and receives payments can change over time. To make sure you’re always on the plan that offers you the best deal, we’ll carry out a review each year.
We’ll contact you if we think a different plan could save you money, and move you on to that plan unless you tell us otherwise. However, if you think another plan would suit your needs better, you can move whenever you like – just let us know.

 

Loyalty Reward to say thank you

Loyalty Reward is our way of rewarding you for being our customer by paying you back a proportion of the charges we apply to your current account on a monthly basis.

The table below shows the percentage of your bank charges you could get back the longer you bank with us.

  Length of time your business banks with us
Under 1 year Under 5 years Under 15 years Over 15 years
Annual credit turnover Up to £99,999.99 0% 5% 10% 15%
£100k to £249,999.99 5% 10% 15% 20%
£250k to £499,999.99 10% 15% 20% 25%
£500k to £1,999,999 15% 20% 25% 30%
£2m and over 25% 30% 40% 50%

 

For further information on how our Loyalty Reward works download our Business Current Account Price Plan Charges sheet 450 KB 6

How to apply

Before you start, you’ll need to have the following details to hand to fill out a Barclays Business account application online:

Business details

  • Business name, contact details, nature of business and legal status
  • Business start date (if applicable), turnover and any funding requirements
  • Incorporation details (if a limited company)

Personal details

  • Personal name and address
  • Time at current address, and previous address details if under 3 years
  • Existing bank account details
  • Country, city and date of birth, and country of nationality and residence

Sole traders

If you’re a sole trader, the whole application process can be completed online in just 10 minutes. We’ll then call you within 5 working days to confirm your account has been set up. Full account documentation will follow by post.

Partnerships and limited companies

If you are a partnership or limited company with 2 partners/directors, you can start your application online. Once submitted, we’ll contact you to book an appointment with a Barclays Business Manager at a branch and time that’s convenient for you to complete it.

What happens next?

We take care of the details, while you take care of your business. Once your application is complete, we will:

  • Get in touch with your old bank to switch over any standing orders and Direct Debits, and send you a list to check that they’re all correct.
  • Arrange for your credit or debit balance to be moved from your old account
  • Let you know when your account is ready to use and send you your new chequebook and card

 

Looking for a start-up account?

Every other working minute 1 a new business opens an account with us.

  • Free business banking for 12 months 2
  • Free credit management service
  • Free legal and tax advice as well as consultations with an accountant, marketing professional and solicitor for expert advice in your crucial first months

 

Important information
 
1. Based upon actual accounts opened between November 2010 and October 2011 and a 35–hour working week
 
2. Available for small businesses, including individuals setting up their first business bank account within the first 12 months of trading. There is no charge for standard transactions for 12 months (‘Initial free banking period’) from opening our Barclays Business current account.
Standard transactions include most payments out (debits) and payments in (credits). Automated transactions through telephone/internet banking are included, as are cheque transactions, cash handling and paper/online statement services. There are charges for non-standard transactions, such as audit letters, returned/stopped cheques, international payments and duplicate statements. See a full list of  standard and non-standard transactions .
 
3.  Terms, conditions and other restrictions apply . You must have a Barclays current account and be aged 16 or above to use Barclays Mobile Banking. You will need to register and match your UK mobile number with your Barclays current account. Compatible smartphone, operating system and internet access (fees may apply) required.
 
4. CREDITFOCUS Classic is available at no cost to Barclays Business customers with a turnover of less than £1 million.
 
5. To view PDF files, you will need a PDF file viewer installed on your computer or mobile device.

Barclays Bank PLC. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 122702). Barclays Bank PLC subscribes to the Lending Code which is monitored and enforced by the Lending Standards Board. Further details can be found at www.lendingstandardsboard.org.uk. Barclays Insurance Services Company Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register number: 312078).

Barclays Bank PLC. Registered in England. Registered no. 1026167. Barclays Insurance Services Company Limited. Registered in England. Registered no. 973765. Registered office for both: 1 Churchill Place, London E14 5HP. ‘The Woolwich’ and ‘Woolwich’ are trademarks and trading names of Barclays Bank PLC. Barclays Business is a trading name of Barclays Bank PLC.


 

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