Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. This will usually arrive within two working days of submitting your application. Vantage can also be added to existing Bank of Scotland Silver, Gold and Premier accounts. We asked customers how likely they would be to recommend their business current account provider to other SMEs. If you submitted an application before 28 September we will be in touch. Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered. KEEPING YOU SAFE ONLINE We use the latest online security measures to protect your money, your personal information and your … 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 Business Account for new businesses. Lloyds Bank: More information: Natwest Bank: More information: Metro Bank: More information: HSBC Bank: More information: Royal Bank of Scotland: More information: Open Banking. Our business bank account for businesses that have been trading for a year or more, with a turnover of under £2m. Due to FSCS eligibility criteria not all business customers will be covered. 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. *Applies to small businesses, including individuals setting up their first business bank account. Opens in a new browser window. Visit now and you could have an account number and sort code on the same day. Free everyday banking. Lloyds Banking Group is a financial services group that incorporates a number of brands including Bank of Scotland. In order for us to point you in the right direction we need to ask you a few questions. Open Banking allows you to securely share your bank transaction data with trusted third party providers. 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. You're unlikely to trigger this if you're, say, a freelance writer getting earnings transferred into the account. It's that simple. Whatever the size of your business, a business bank account is a good way to keep track of your company's finances. If you don’t already have an account with TSB we won’t be able to accept your application for a Business Current Account. This site is intended for UK residents unless otherwise stated. Charges apply. SC327000. A new mobile first UK business bank account designed around you – the small business owner. Our business bank account is for businesses that have been trading for a year or more, with a turnover of under £2m. Our range of bank accounts can offer you simplicity when managing your everyday spending, or a little bit more, with accounts that include a wide range of insurance benefits. If you are an existing business customer and you require a new account, please contact Business Direct […] Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). 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. Our representative APR applies to all unsecured loans with a borrowing amount of up to £25,000 for businesses with a turnover of up to £25 million. Find out what you need to do and how long the process takes. about ring-fencing and Bank Structural Reform Legislation. When you set up your company in Scotland, you’ll need to open a business bank account. Because we put your satisfaction first, we will always be here for you. The first £1500 per month. The reams of small print that comes with your personal bank account will usually say that you're not allowed to use it as a business account. Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). Please note, new customers cannot open a Business Current Account to access the Bounce Back Loan Scheme. Visit the Bank of Scotland Facebook page. We’ve made banking simpler, faster and more intuitive to give you the freedom to do what you do best – run your business. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 169628. This is so you’re aware of how we use your data and what your options are. Interest calculated daily and charged monthly. © Bank of Scotland plc 2015. But not all parts of the fixed-income landscape are on the same track: developed market government yields are low and prices expensive, while corporate debt has better yields but the risk of default remains real in a fragile economy. Plus, our business banking experts are on hand to help. Lloyds Bank Business Accounts for New Businesses. *Applies to small businesses, including individuals setting up their first business bank account. General banking & account queries. Thank you for choosing Royal Bank of Scotland for your mortgage. Our representative EAR applies to all unsecured overdrafts with a borrowing amount of up to £25,000 for businesses with a turnover of up to £25 million. Visit the Bank of Scotland Facebook page. Different business accounts come with varying features, and you need to see which are available to your business. SC327000. Find out more and apply Account opening information. Your registered business must be in the UK and you should be registered for tax purposes in the UK. Business; Professionals; Log On. We’ve taken the difficult decision to temporarily stop accepting business account applications from customers looking to switch their banking to us. Browse our variety of bank accounts today, to find the one that’s right for you and apply. Our business bank accounts are designed to simplify everyday banking and make managing your money easier – even from home. Open an account. Other business bank account providers. The requirement to publish the Financial Conduct Authority Service Quality Information for Business current accounts can be found here. Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered. Registered in Scotland no. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 169628. It is the rate you would pay if you go overdrawn to the full limit of your facility for the entire year. Mortgage Application Tracker. We are aware of fraudsters sending fake texts that can drop into a thread of genuine Bank of Ireland text messages. Find answers to questions you have about the UK’s transition out of the EU and how it could impact your business. You can track your mortgage only once you’ve received your mortgage reference number from us.. Session Timeout. Soon we’re introducing new ways to log in to give you an extra layer of security in Business Internet Banking. Check your eligibility in minutes for a UK small business loan or overdraft up to £25k. Login to track your Application status Mortgage Reference number Date of Birth (DD/MM/YYYY) Surname: Your … Find out what additional financial support is available for businesses impacted by coronavirus. Make sure you understand the small print. 3EAR stands for equivalent annual rate. 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. Now open to early access. Thank you for your understanding. Your registered business must be in the UK and you should be registered for tax purposes in the UK. 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. Visit the Bank of Scotland Facebook page. Visit the Bank of Scotland Twitter page. Visit the Bank of Scotland Twitter page. We will update our website as soon as we are able to open accounts for new customers. Anything over £1500 per month. Close. Bank of Ireland will never text you with a message containing a link that asks you for your online banking login details, your credit card number or debit card number. Internet Banking queries . Current Account. Opening business bank accounts in Scotland When you set up your company in Scotland, you need to open a business bank account. I finalize my application. Application Tracker. Find out how Scotland launched the world’s first zero emissions, fully electric fire engine. Your screen was inactive so we've logged you out. The Royal Bank Business credit card is subject to status and for business use only. Please note that any data sent via e-mail is not secure and could be read by others. steps below: Complete all relevant sections in the application form and write clearly in CAPITAL LETTERS. You can easily track your application progress with our helpful online tool. Lloyds Banking Group is a financial services group that incorporates a number of brands including Bank of Scotland. Log in. Total amount payable £9,058.20. We do everything we can to make your first months in business as easy as possible. We are covered by the Financial Ombudsman Service (FOS). Current Account. This, along with your surname and date of birth, is all you need to login. Opens in a new browser window. Cash payments (in or out) We are only able to accept Bounce Back Loan applications from customers who had an account with us before 2 March. We approve 9 out of 10 loan and overdraft applications ¹, Please Enter to access social media links. 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 they would recommend their provider to other small and medium-sized enterprises (SMEs). This site is intended for UK residents unless otherwise stated. I open my account online I finalize my application I prefer to book an appointment. Back Connect with us Log On Log in. Cash payments (in or out) Visit the Bank of Scotland Linkedin page. The account that helps your business make a flying start, including 12 months’ free day-to-day business banking and specialist support when you want it. The best business bank account differs depending on your banking needs. Manage your money 24/7, at home or on the go. Free electronic payments include UK Sterling Direct Debits, Standing Orders, Debit Card Transactions, Lloyds Bank/Other Bank ATM Withdrawals, Internet/Phonebank Debits/Credits, Faster Payment Debits/Credits, Internet Bulk Payments and Automated Credits. Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. Representative example: 5.1% APR based on an assumed unsecured loan amount of £8,000 with 60 monthly repayments of £150.97 at an annual interest rate of 5.0% (fixed). To apply for a NatWest Business credit card, you must be a UK resident aged 18 or over and maintain a business bank account in the same legal entity name with NatWest. And now you can log on using your fingerprint or Face ID on compatible devices. We do everything we can to make your first months in business as easy as possible. 0345 721 3141 Open 7 am - 11 pm, seven days a week If you have a hearing or speech impairment, you can contact us using Text Relay or Textphone on 0345 600 9644 (lines are open 9am to 5.30pm, seven days a week). Charges for unarranged overdrafts are charged separately. Please review the latest privacy notice. Free day-to-day business banking includes cheques, standing orders, cash, UK Sterling Direct Debits, deposits and withdrawals. - A Bank of Scotland UK business account and an Internet Banking username, password and memorable information - A debit/authentication card and card reader to complete the registration If you are not yet registered for Internet Banking, please visit our website. Opens in a new browser window. This figure is not necessarily the rate you will be receiving and is for illustrative purposes only. Other customers may get a different rate based on their individual circumstances. We know the coronavirus situation is a worry, and we’re committed to supporting you and your business through this difficult time. Registered in Scotland no. That’s why we give you 12 months free day-to-day business banking* and specialist support when you want it. If you have, great! Opens in a new browser window. Ensure all key Account Parties and Account Signatories have read the ‘Important information’ section in the application form. More information on Lloyds Banking Group can be found at lloydsbankinggroup.com. All we ask is that you operate your account in credit or within agreed limits. 2The representative APR is an illustration of the rate that the majority of customers will receive. Your credit rating is not affected and there's no obligation to apply To qualify, each calendar month simply pay at least £1,000 into your account, stay in credit (above £0) during the monthly billing period, and pay at least two different Direct Debits from your account. Visit now and you could have an account number and sort code on the same day. Review alternative sources of business finance and compare products and services. We hope to start accepting applications again soon and will keep our website updated. Eligible deposits with Bank of Scotland plc are protected up to a total of £85,000. Visit the Bank of Scotland Linkedin page. It takes into account the interest rate you are charged as a result and how often it’s charged - in this case interest is calculated daily and charged monthly. A new report reveals insights into how British businesses have increased trade diversion away from the EU. Make it happen. © Bank of Scotland plc 2015. This is to allow us to focus on supporting our existing customers through this unprecedented time. 4The representative EAR is an illustration of the rate that the majority of customers will receive. We'll be in youch within 3-5 working days, we just need to check your details and we will get back to you if we need more information. Other customers may get a different rate based on their individual circumstances. If a loan is described as having a particular representative APR, then we expect to offer that rate or better to at least 51% of the applicants we accept. Pay in cheques up to £1000 using the mobile app. Take a look at our Coronavirus help page for other useful resources and answers for frequently asked questions. We want to find a product that’s right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board. If an overdraft is described as having a particular representative EAR then we expect to offer that rate or better to at least 51% of the applicants we accept. You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action. To apply for a Royal Bank Business credit card, you must be a UK resident aged 18 or over and maintain a business bank account in the same legal entity name with Royal Bank. Published August 2020. Please note that any data sent via e-mail is not secure and could be read by others. Due to FSCS eligibility criteria not all business customers will be covered. How to choose a business bank account. All we ask is that you operate your account in credit or within agreed limits. 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 results represent the view of customers who took part in the survey. The NatWest Business credit card is subject to status and for business use only. We work hard to keep your personal and business data secure, which includes regularly reviewing our privacy notice. To access the Bounce Back Loan Scheme, you must have had an account with us before 2 March 2020. Opens in a new browser window. Opens in a new browser window. To find out more you can read the statement of responsibilities, which details what’s expected of us, the lender, and you, the borrower. When there’s an important change we’ll remind you to take a look and share it with anyone within your business who might need to know.