Business current account

Business Current Account

Switch to Barclays for a fresh approach to business banking

Moving your business bank account to Barclays is easy, and will give you tools to help run your business effectively, such as a choice of clear Price Plans and our Loyalty Reward to help you save on your account charges.

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:

  • 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
  • Free consultations with an accountant, marketing professional and solicitor
  • Free Barclays Connector – an online community designed to help you build your business
  • Barclays Cloud It  – our secure online document storage and management service

Rates and 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 per transaction Free
Cash payments (in or out) £0.90 per £100 £1.50 per £100
Cheques and assisted payments (in or out) £0.65 per transaction £1.50 per transaction
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

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

How to apply

We’ve made moving your existing business current account to us as quick, easy and safe as possible. All you need to do is book an appointment with a Barclays Business Manager, who’ll setup your account and get everything switched over in just 7 working days.

To book an appointment, call us on 0800 515 462 1.

Tell me more about the Current Account Switch Guarantee

What you will need for your Barclays Business Manager meeting

To make sure we get everything taken care of as quickly as possible, please make sure you have the following details available for your meeting.

 

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

  • 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

Price Plan Selector

To make things simple, you have 2 Price Plans to choose from, e-Payments Plan and Mixed Payments Plan, both designed around the way your business makes and receives payments.

The Price Plan Selector has been designed to help you choose a plan for the way you do your business.

Apply for a Business
current account

Other ways to apply

Visit your nearest branch or call your business banking team on
0345 605 2345 2.

Terms and conditions

Please read the terms and conditions for our accounts and services

Important Information
 
1. Lines are open Monday to Friday 8am-8pm and Saturday 9am-1pm. To maintain a quality service, we may monitor and record phone calls. Call charges
 
2. Lines open Monday to Friday, 8am-7pm. To maintain a quality service, we may monitor and record phone calls. Call charges
 
3. Terms, conditions and restrictions apply . You must have a Barclays current account and be aged 16 or over to use Barclays Mobile Banking. You will need to register and link your UK mobile number with your Barclays current account. Compatible phone, operating system and internet access (fees may apply) required.
 
4. Terms and conditions apply. You must have a UK current account and be aged 16 or over to use Barclays Pingit. Business customers on certain tariffs will be charged for transactions.
 
5. CREDITFOCUS Classic is available at no cost to Barclays Business customers with a turnover of less than £1 million.
 
6. To view PDF files, you will need a PDF file viewer installed on your computer or mobile device.