We'll take care of your bank account switch
Call 0800 515 462 6 if you run a smaller business, charity or trust and want to switch your account to us.
Business account for turnover up to £400k
Easy everyday banking for established businesses
Our straightforward banking frees up your time so you can concentrate on your business – with online tools and business banking experts to help it grow.
We know the coronavirus situation is a worry right now, and we’re committed to supporting you and your business through this difficult time.
We’re receiving lots of Business Current Account applications at the moment, so unfortunately it’s taking us up to four weeks to process them. With that in mind, please only apply if it can’t wait, so we can focus on the businesses that need us most.
Thanks for your patience and understanding while we try to help everyone as quickly as possible.
Why move your business account to us?
Time-saving digital tools
Spend less time managing money and more time focused on your business with our safe, secure Online Banking and award-winning Barclays app1.
You can make domestic and international payments, check your statements and get help wherever you are, 24 hours a day.
More than Telephone Banking
Our Everyday Banking team is here to help with your day-to-day banking, while our UK-based Business Direct team2 is on hand to give guidance and support for your growing business – from strategy, planning and cashflow, to help on lending and trading abroad. Business banking expertise is just a phone call away so there’s no need to leave your workplace.
Specialist support that grows with you
As you adapt to change and respond to opportunities, we can help connect you to specialist support for high growth businesses and trading abroad.
We also have a variety of guides and insights to help with business challenges such as finding funding and managing cashflow.
Price plans
We know it’s a difficult time for businesses and we’re working hard to do all we can to help. To relieve some of the financial pressure on you and your business, we’re giving you free everyday business banking between 13 March and 12 June 20203. This applies to all new and existing customers with an annual turnover of up to £250k.
You won’t pay monthly or quarterly account fees on your business current account or fees on your everyday banking transactions, including cash, cheques, debit card and electronic payments4. We’ll apply these changes for you – there’s no need for you to contact us.
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We have two Price Plans to choose from, designed for the way your business makes and receives payments.
Mixed Payments Plan – for businesses that use cash, cheques or a range of ways to make and receive payments.
e-Payments Plan – for businesses that receive electronic payments and make payments mainly through Online Banking and debit cards.
Electronic payments (in or out)Cash payments (in or out)Cheques and assisted payments (in or out)Cash machine cash out and electronic internal transferMonthly account feeMixed Payments PlanElectronic payments (in or out)Cash payments (in or out)Cheques and assisted payments (in or out)Cash machine cash out and electronic internal transferMonthly account fee £e-Payments PlanElectronic payments (in or out)Cash payments (in or out)Cheques and assisted payments (in or out)Cash machine cash out and electronic internal transferMonthly account fee £See how much you could pay with each plan. Enter the details of payments into and out of you account for an average month (leaving any you don't use blank). We'll then calculate your potential fees.
£Thanks. Here's how much you'd need to pay in the year after your free 12 months:Number of paymentsElectronic payments (in or out)Cash payments (in or out)£Cheques and assisted payments (in or out)Cash machine cash out and electronic internal transferMixed Payments PlanElectronic payments (in or out)£Cash payments (in or out)£Cheques and assisted payments (in or out)£Cash machine cash out and electronic internal transfer£Monthly account feePer month£Total per month£e-Payments PlanElectronic payments (in or out)£Cash payments (in or out)£Cheques and assisted payments (in or out)£Cash machine cash out and electronic internal transfer£Monthly account feePer month£Total per month£The Price Plan calculator is for guidance only.For more information on our charges, download our Business Current Account Price Plan Charges sheet5
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 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 it, unless you advise us otherwise. However, if you think another plan would suit your needs better, you can move whenever you like – just let us know.
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We pay you back a proportion of the charges we apply to your current account on a monthly basis. It’s our way of rewarding you for being our customer.
What percentage of my charges can I get back?
Annual credit turnover
Under 1 year
1 - 5 years
5 - 15 years
Over 15 years
Up to £99,999.99
0%
5%
10%
15%
£100,000 to £249,999.99
5%
10%
15%
20%
£250,000 to £499,999.99
10%
15%
20%
25%
£500,000 to £1,999,999.99
15%
20%
25%
30%
£2,000,000 and over
25%
30%
40%
50%
For more details on how our Loyalty Reward works, download our Business Current Account Price Plan Charges Sheet 450 KB 35
Eligibility
To open a new business current account or switch your business account to us, you’ll need to meet these criteria.
- Be at least 18 years old
- Have the right to live in the UK permanently
- Provide at least 12 months’ UK address history
This account is suitable for most businesses that have a turnover of up to £6.5m. We have specific criteria for businesses in certain sectors, such as agriculture, social housing and some others. Please call us on 0800 515 4626 to clarify whether this account is right for your business.
Switch to us
We recommend a full switch if you’re ready to close your existing business account. You may prefer a partial switch if you’re not ready to close your existing account.
You’ll need:
- Your address history for the past 3 years
- Business details, such as your registration number, address and the date of incorporation if your business is a limited company
- Your personal details
- Details of financial arrangements, such as mortgages, loans and credit cards
Participating providers of UK business bank accounts have agreed to a basic set of information 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 banking checklist from UK Finance, the UK’s leading trade association for financial services.
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Call 0800 151 04189.
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