Opens in a new browser window. Account Features & Benefits. 12 months’ free day-to-day³ business banking¹, Simple pricing and free electronic payments, Business support available by phone, in branch or through online guides, 12 months’ free day-to-day³ business banking², A guaranteed switch in 7 working days, from when your account is opened using the Current Account Switch Service, Dedicated support from our UK-based business management team. Royal Bank of Scotland branch locator Find your nearest branch using our branch locator (opens in a new window). Our Bank of Scotland Basic Account may be available if you don’t meet the conditions for one of our other current accounts. Joint bank accounts are available with our current account products, excluding Student and Revolve (child) accounts; Royal Bank Select - a basic everyday banking account, with the features you'd expect from a regular account, and no fee.. More information on Lloyds Banking Group can be found at lloydsbankinggroup.com. In order for us to point you in the right direction we need to ask you a few questions. Registered in Scotland no. To qualify, each calendar month simply pay at least £1,000 into your … Lloyds Banking Group is a financial services group that incorporates a number of brands including Bank of Scotland. Take a look at our current accounts help and support. Find out what you’ll need to provide using the simple business banking checklist from UK Finance, the … open a Business Current Account or a Loan Servicing Account, Everyday support through personalised account alerts, Whether borrowing or saving we have the products and services to help you grow, Simple pricing plan with free electronic payments, Have annual business turnover under £3million, Be a sole trader, partner or director and be aged 18 or over. 1|2|3 Business Current Account Discounted monthly fee of £5 for start-ups for 18 months … To apply for a Business Account you should: We have worked with other providers of UK business accounts to help you prepare by agreeing a basic set of information that we’ll need from you. The current lockdown means our branch opening hours have changed. We’ve taken the difficult decision to temporarily stop accepting business account applications from customers looking to switch their banking to us. This is undoubtedly going to cause a level of inconvenience, but please be reassured that we’ll reinstate the ability to accept new account applications for switching at the earliest opportunity. Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered. Please note that any data sent via e-mail is not secure and could be read by others. Thank you for your understanding at this time. The Royal Bank Business … When your 12 month free banking period ends, there’s a simple price plan with no charge for electronic payments, including withdrawing cash from a cash machine and paying by debit card. All rights reserved, Compare Term Deposit and Notice Account products, Commercial Foreign Currency Account Interest Rates (£0 - £3m Turnover), Commercial Foreign Currency Account Interest Rates (£3m - £25m Turnover), Understanding the risks in your international-trade cycle, Connect Inspire Achieve – women’s networking, Opening a Start up Business Current Account – Important Information, Download the statement of responsibilities (PDF), Please Enter to access social media links. The safest way to bank with us right now is from home … If you manage your business through a Personal Current Account opened before 2 March and want to apply for a Bounce Back Loan do not apply via this page. Free day-to-day business banking includes cheques, standing orders, cash, UK Sterling Direct Debits, deposits and withdrawals. These are the benefits that will ultimately determine your choice: just as every business is different, there are different types of account which cater to businesses in different ways. Features of this account: Available. Vantage can also be added to existing Bank of Scotland Silver, Gold and Premier accounts. As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of each of the 14 largest business current account providers if … Anything over £1500 per month. Features include viewing balances and transaction history, transfer money between your personal Bank of Scotland accounts… See your bank Terms and Conditions. Lloyds / Bank of Scotland: New businesses who have an anticipated turnover of up to £3 million for the Business Current Account: 18 months (6 months for those switching from another business account) £6.50: N/A: Barclays: Suitable for most businesses with a turnover of up to £6.5 million. Opens in a new browser window. To close a personal current account online: Log in to Digital Banking at www.rbsdigital.com (opens in a new window). Royal Bank of Scotland offers three business savings accounts which are Business Reserve, Liquidity Manager and Treasury Reserve. Perhaps you need more advanced services from a business bank account, or your head’s been turned with money-saving offers from another bank. For organisations such as clubs, societies or charities, the following guide brings you the essential details and documents you will need to open your account. manage your account online and by phone. Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 169628. Make sure you understand the small print. Your account will need to be in your sole name, have a nil balance or you wish to transfer a balance to another account held with Royal Bank of Scotland. The current lockdown means our branch opening hours have changed. Royal Bank of Scotland account opening 0800 121 129 (+44 131 549 8888) Minicom: 0800 404 6160 Open Monday to Friday 8am - 8pm, Saturday 9am - 3pm (Opening hours may vary on public holidays) Calls may be recorded. Cash payments (in or out) Thanks for asking a question. “Definition of what a bank should not be ” Written on: 23/05/2015 by Mylesc500 (1 review written) We have had 2 Bank of Scotland business account for almost 30 years, but not for much longer, When we had a business … The best business bank account differs depending on your banking needs. We’re getting a huge amount of interest in our Business Bank Account at the moment. The best business bank accounts now go far beyond offering a secure way of depositing, withdrawing and transferring money ... 80% of small businesses in the UK still use either Royal Bank of Scotland, Lloyds, Barclays or HSBC according to the Competition and Markets Authority, and only 4% of SMEs switch bank accounts each year. Business account and tax app for your small business This plan has monthly limits of £500-£2,000 income, £25,000 maximum balance, 4 UK transfers (in or out) and £300 ATM withdrawals To find out more you can read the statement of responsibilities, which details what’s expected of us, the lender, and you, the borrower. That’s why we give you 12 months free day-to-day business banking* and specialist support when you want it. We are covered by the Financial Ombudsman Service (FOS). Free day-to-day business banking* for companies and organisations with a turnover of less than £50,000 a year, as long as the account remains in credit. Opens in a new browser window. The account number, sort code and debit card number of the bank account you want to switch to Royal Bank; The account number and sort code of your existing Royal Bank current account; The Current Account Switch Service will move everything across from your old bank account to your Royal Bank current account within 7 working days. Find out what you’ll need to provide using the simple business … These include: Bank of Scotland, Barclays, Clydesdale Bank, HSBC, Lloyds Bank, Metro Bank, NatWest, Royal Bank of Scotland, Santander, the Co-operative Bank, TSB and Yorkshire Bank. Business users should continue to access their accounts through the Business Internet Banking service. 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. Free day-to … Please contact us on the numbers below. We have now completed the changes to how you access your accounts online. ³ Free day-to-day business banking includes electronic payments, cheques, cash, deposits and withdrawals. Visit the Bank of Scotland Facebook page. To see whether you're eligible for this type of current account you need to first apply for one of our other accounts like our Select bank account. Find out more about the scheme and how it protects your money. Specific advice should always be sought in each instance. Free business banking includes cheques, standing orders, cash, UK Sterling Direct Debits, deposits and withdrawals. If you manage your business through a Personal Current Account opened before 2 March and want to apply for a Bounce Back Loan do not apply via this page. Bank of Scotland | Bank Accounts | Closed Accounts. From the Moneyfacts Best Business Current Account Provider for 18 years running. Customers that choose to switch as part of Business Banking Switch must apply to open a new business current account with a participating bank by 28th February 2021 at the latest. The first £1500 per month. Certain business bank accounts come with additional benefits depending on which package you pick, though some may require you to pay a modest monthly fee. Please Enter to access social media links. Free electronic payments include Direct Debits, Standing Orders, Debit Card Transactions, Bank of Scotland/Other Bank ATM Withdrawals, Internet/PhoneBank Debits/Credits, Faster Payment Debits/Credits, Internet Bulk Payments and Automated Credits. Visit a branch. ² Twelve months’ free day-to-day business banking for customers when switching from a business account held elsewhere. Cash payments  (in or out) Important. It's a basic account to help you manage your money. Free electronic payments include UK Sterling Direct Debits, Standing Orders, Debit Card Transactions, Bank of Scotland/Other Bank … All we ask is that you operate your account in credit or within agreed limits. For more information on banking services offered by Bank of Scotland, please visit your local Bank of Scotland branch or call 0345 721 3141 (Personal current/savings accounts) or 0345 300 0268 (Business accounts). State Bank of India’s business bank account is a current account that provides convenient, easy and instant access to your account and funds. How to choose a business bank account. Different business accounts come with varying features, and you need to see which are available to your business. The safest way to bank with us right now is from home either using our app or through Internet Banking. Already have an account? *Applies to small businesses, including individuals setting up their first business bank account. View business account opening guide on UK Finance web site. Business users should continue to access their accounts through the Business Internet Banking service. Whether you're looking for a bank account, credit card, loan, mortgage or something else, we're here to help you. To apply for a Business Account you should: Have annual business turnover under £3million; Require the account for business use; Be a sole trader, partner or director and be aged 18 or over Find out more about this solution. Best bank in the UK January 2021 by customer satisfaction. Our helpful community of likeminded people will be happy to answer any questions that you have. Registered in Scotland no. Please check our branch locator if you need to visit for the latest information. Tailor the tools and support you need for your business. © Bank of Scotland plc 2015. ; Debit card with contactless for everyday purchases and for easy cash access at home and abroad No interest paid on balances over £5,000. Visit the Bank of Scotland Twitter page. Please note, new customers cannot open a Business Current Account to access the Bounce Back Loan Scheme. Find the best savings account for you from Bank of Scotland's range of easy access, fixed term, tax free and regular savings accounts. Please check our branch locator if you need to visit for the latest information.. For the attention of Private Banking clients who use a token. A guaranteed switch in 7 working days, from when your account is opened using the Current Account Switch Service. The safest way to bank with us right now is from home … To receive an offer, customers must complete their switch and close their Royal Bank of Scotland account by 30th June 2021 at the latest. See how Royal Bank of Scotland could help your business, from business bank accounts, business lending and other everyday banking services. Opens in a new browser window. On the 'Account summary' page, select the account you wish to close. Your eligible deposits with the Royal Bank of Scotland are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This is undoubtedly going to cause a level of inconvenience, but please be reassured that we’ll reinstate the ability to accept new account applications for switching at the earliest opportunity. © Bank of Scotland plc 2015. Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service. Not happy with your current bank? Opens in a new browser window. Please contact us on the numbers below. Royal Bank of Scotland's foreign currency current account could help to mitigate the risks your business may face trading globally. Find out more about the scheme and how it protects your money. 1,000 people answered and told us how happy they are with their current account provider. SC327000. Visit the Bank of Scotland Linkedin page. Available for a range of mobile devices, you can now bank on the move with Mobile Banking. Link your business bank account directly with FreeAgent. ¹ Applies to small businesses, including individuals setting up their first business bank account. about opening a business banking account. All rights reserved, Compare Term Deposit and Notice Account products, Commercial Foreign Currency Account Interest Rates (£0 - £3m Turnover), Commercial Foreign Currency Account Interest Rates (£3m - £25m Turnover), Understanding the risks in your international-trade cycle, Connect Inspire Achieve – women’s networking, Opening a Start up Business Current Account – Important Information, about switching your business account to us, Service Quality Information for business current accounts, more information on starting your business successfully. For the attention of Private Banking clients who use a token. Business savings and deposits | Royal Bank of Scotland 4. This site is intended for UK residents unless otherwise stated. To access the Bounce Back Loan Scheme, you must have had an account with us before 2 March 2020. The current lockdown means our branch opening hours have changed. RBS business banking is available to eligible customers over 18, who have the right to be self employed in the UK. Due to FSCS eligibility criteria not all business customers will be covered. Please check our branch locator if you need to visit for the latest information. Before posting your question please check to see that it has not already been asked. We are only able to accept Bounce Back Loan applications from customers who had an account with us before 2 March. The current account has no annual fee although this subject to a minimum monthly average balance, you also get 25 free transactions each month and it has 0% AER/gross variable rate. Your registered business must be in the UK and you should be registered for tax purposes in the UK. Most of the big high street names offer a range of business bank accounts. Visit the Bank of Scotland Linkedin page. Bank of Scotland Locations Bank of Scotland Dundee Fairmuir 9.30 AM - 2.00 PM 9.30 AM - 2.00 PM 9.30 AM - 2.00 PM 9.30 AM - 2.00 PM 9.30 AM - 2.00 PM Closed Today Closed Today See how Royal Bank of Scotland could help your business, from business bank accounts, business lending and other everyday banking services. Free business banking includes cheques, standing orders, cash, UK Sterling Direct Debits, deposits and withdrawals. Please check … FreeAgent is free subject to client retaining their RBS … This site is intended for UK residents unless otherwise stated. Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. All we ask is that you operate your account in credit or within agreed limits. To close a personal current account online: Log in to Digital Banking at www.rbsdigital.com (opens in a new window). This might be because you’re bankrupt, in financial difficulty, or if we’re not able to obtain information about your credit history. We provide current accounts for UK registered businesses with simple banking needs and up to 2 directors, owners (shareholders) or partners. You will need to open a Business Current Account or a Loan Servicing Account. Royal Bank of Scotland’s Business Reserve is an instant access account which offers quick access to your funds with interest that is calculated daily and is applied monthly. open a Business Current Account or a Loan Servicing Account, Free day-to-day business banking* for companies and organisations with a turnover of less than £50,000 a year, as long as the account remains in credit, open a Treasurers’ Account quickly and easily, with no minimum amount required, withdraw funds as and when needed, without the need to give notice, arrange to have a second signatory on the account, easily set up direct debits and standing orders using Internet Banking, Monitor funds regularly with free monthly statements. You will need to open a Business Current Account or a Loan Servicing Account. … Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered. Royal Bank of Scotland's foreign currency current account could help to mitigate the risks your business may face trading globally. “Definition of what a bank should not be ” Written on: 23/05/2015 by Mylesc500 (1 review written) We have had 2 Bank of Scotland business account for almost 30 years, but not for much longer, When we had a business manager locally, they were only a phone … To make sure our services keep running smoothly, and so we can meet our commitments to our existing customers, we’ve temporarily stopped taking any new applications online or in store. To access your personal accounts… Published August 2020. Like I say the B of S Corporate … Registered in Scotland no. We have worked with other providers of UK business banking accounts to help you prepare by agreeing a basic set of information that we’ll need from you. These business current accounts are for businesses that are over 1 year old. Eligible deposits with Bank of Scotland plc are protected up to a total of £85,000. Find out more about this solution. Lloyds Banking Group is a financial services group that incorporates a number of brands including Bank of Scotland. Visit the Bank of Scotland Twitter page. Please note, new customers cannot open a Business Current Account to access the Bounce Back Loan Scheme. Ask a question about Bank of Scotland Business Bank Account. Business Current Account Features and benefits. We do everything we can to make your first months in business as easy as possible. If you're operating your business through a personal current account and would like to make an application for a Bounce Back Loan, you have a choice between either opening a business current account or a fee-free loan servicing account. The Bank of Scotland is the fifth-oldest bank in the UK, and has been a subsidiary of the Lloyds Banking Group since 2009. Business bank accounts, savings accounts, debit and credit cards, and other financial products are available to businesses of all sizes.. Bank of Scotland Business Banking Services Please note that any data sent via e-mail is not secure and could be read by others. Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). Thank you for your understanding at this time. Whether you’re starting out or already trading, we have a simple Business Current Account to support your ambition – with dedicated business support when you need it.. For new businesses with a turnover up to £3 million, our Business Current Account includes: Switch to us for a simple Business Current Account that lets you focus on growing your business. Whatever the size of your business, a business bank account is a good way to keep track of your company's finances. In July 2019, we ran a customer satisfaction survey on current accounts in England, Scotland, Wales and Northern Ireland. All we ask is that you operate your account in credit or within agreed limits. We have a team of specialists that can answer your questions depending on your expected yearly turnover. Visit the Bank of Scotland Facebook page. How do I open a Business Account? Who offers business bank accounts? Take a look at our Coronavirus help page for other useful resources and answers for frequently asked questions. This is for information only and should not be relied upon as offering advice for any set of circumstances. We’ve taken the difficult decision to temporarily stop accepting business account applications from customers looking to switch their banking to us. We have a team of specialists that can answer your questions depending on your expected yearly turnover. Opens in a new browser window. Due to FSCS eligibility criteria not all business customers will be covered. 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