These business current accounts are for businesses that are over 1 year old. 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. Published August 2020. Whether you're looking for a bank account, credit card, loan, mortgage or something else, we're here to help you. We are covered by the Financial Ombudsman Service (FOS). Our helpful community of likeminded people will be happy to answer any questions that you have. 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. Please check our branch locator if you need to visit for the latest information.. To access the Bounce Back Loan Scheme, you must have had an account with us before 2 March 2020. To receive an offer, customers must complete their switch and close their Royal Bank of Scotland account by 30th June 2021 at the latest. Opens in a new browser window. We’re getting a huge amount of interest in our Business Bank Account at the moment. See how Royal Bank of Scotland could help your business, from business bank accounts, business lending and other everyday banking services. Visit a branch. 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. 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. Please note that any data sent via e-mail is not secure and could be read by others. *Applies to small businesses, including individuals setting up their first business bank account. We are only able to accept Bounce Back Loan applications from customers who had an account with us before 2 March. Business users should continue to access their accounts through the Business Internet Banking service. To access your personal accounts, you no longer need to use a token. Tailor the tools and support you need for your business. So IMHO it would be a lot More Helpful if someone at QB could actually investigate the Bank of Scotland Business account link code and see if it is actually working or not. 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. How do I open a Business Account? Bank of Scotland Ellon 10.00 AM - 2.00 PM 10.00 AM - 2.00 PM 10.00 AM - 2.00 PM 10.00 AM - 2.00 PM 10.00 AM - 2.00 PM Closed Today Closed Today 5 The Square Cash payments (in or out) You will need to open a Business Current Account or a Loan Servicing Account. 4. You will need to open a Business Current Account or a Loan Servicing Account. Anything over £1500 per month. Our Bank of Scotland Basic Account may be available if you don’t meet the conditions for one of our other current accounts. 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. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct … It's a basic account to help you manage your money. View business account opening guide on UK Finance web site. Due to FSCS eligibility criteria not all business customers will be covered. You can compare features of Bank of … The current lockdown means our branch opening hours have changed. FreeAgent is free subject to client retaining their RBS … … Not happy with your current bank? SC327000. Due to FSCS eligibility criteria not all business customers will be covered. See how Royal Bank of Scotland could help your business, from business bank accounts, business lending and other everyday banking services. Please Enter to access social media links. Please check our branch locator if you need to visit for the latest information.. How to choose a business bank account. Take a look at our Coronavirus help page for other useful resources and answers for frequently asked questions. State Bank of India’s business bank account is a current account that provides convenient, easy and instant access to your account and funds. 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 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. 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. Registered in Scotland no. ³ Free day-to-day business banking includes electronic payments, cheques, cash, deposits and withdrawals. The current lockdown means our branch opening hours have changed. All we ask is that you operate your account in credit or within agreed limits. That’s why we give you 12 months free day-to-day business banking* and specialist support when you want it. Find out more about the scheme and how it protects your money. Whichever is the case, you can usually switch your business bank account using the Current Account … Visit the Bank of Scotland Twitter page. Business savings and deposits | Royal Bank of Scotland Opens in a new browser window. Find out what you’ll need to provide using the simple business … The Royal Bank Business … 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. 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. Bank of Scotland Business Bank Accounts Bank of Scotland provide a range of business banking solutions covering various commercial shapes and sizes. Click here to find out more about Apple Pay and click here for Google Pay. We have now completed the changes to how you access your accounts online. Please compare your options below, and choose the account that's right for your business. Business Current Account Features and benefits. We’re planning to start accepting applications again early next year. Please contact us on the numbers below. We provide current accounts for UK registered businesses with simple banking needs and up to 2 directors, owners (shareholders) or partners. Like I say the B of S Corporate … To find out more you can read the statement of responsibilities, which details what’s expected of us, the lender, and you, the borrower. SC327000. 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. Eligible deposits with Bank of Scotland plc are protected up to a total of £85,000. To qualify, each calendar month simply pay at least £1,000 into your … Please note, new customers cannot open a Business Current Account to access the Bounce Back Loan Scheme. This might be because you’re bankrupt, in financial difficulty, or if we’re not able to obtain information about your credit history. Cash payments  (in or out) Specific advice should always be sought in each instance. Reward current accounts - Earn £4 a month back in Rewards for 2 or more Direct Debits - 2 of those Direct Debits needs to be at least £2 each. 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 Royal Bank of Scotland branch locator Find your nearest branch using our branch locator (opens in a new window). Bank of Scotland Location Bank of Scotland Lochmaddy 10.00 AM - 2.00 PM Closed Today Closed Today Closed Today 10.00 AM - 2.00 PM Closed Today Closed Today manage your account online and by phone. 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 best business bank account differs depending on your banking needs. 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. 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. 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). 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 … © Bank of Scotland plc 2015. 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. Whether you're saving for bills, equipment or business expansion - our savings accounts let you earn interest and have instant access to your funds. 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. 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.. Thank you for your understanding at this time. From the Moneyfacts Best Business Current Account Provider for 18 years running. Opens in a new browser window. Available for a range of mobile devices, you can now bank on the move with Mobile Banking. Free business banking includes cheques, standing orders, cash, UK Sterling Direct Debits, deposits and withdrawals. The first £1500 per month. Ask a question about Bank of Scotland Business Bank Account. Already have an account? get free presentation cheques to use when making a large donation or awarding a major prize. 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. 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. ² Twelve months’ free day-to-day business banking for customers when switching from a business account held elsewhere. 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 we ask is that you operate your account in credit or within agreed limits. Account Features & Benefits. Registered in Scotland no. Please note that any data sent via e-mail is not secure and could be read by others. See your bank Terms and Conditions. Visit the Bank of Scotland Facebook page. 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. 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. 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. 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. Features of this account: Available. Royal Bank of Scotland's foreign currency current account could help to mitigate the risks your business may face trading globally. Royal Bank of Scotland's foreign currency current account could help to mitigate the risks your business may face trading globally. A guaranteed switch in 7 working days, from when your account is opened using the Current Account Switch Service. Thank you for your understanding at this time. All we ask is that you operate your account in credit or within agreed limits. We are covered by the Financial Ombudsman Service (FOS). Lloyds Banking Group is a financial services group that incorporates a number of brands including Bank of Scotland. Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). 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. We have a team of specialists that can answer your questions depending on your expected yearly turnover. Review alternative sources of business finance and compare products and services. SC327000. Your registered business must be in the UK and you should be registered for tax purposes in the UK. FreeAgent is free for RBS business customers. This is for information only and should not be relied upon as offering advice for any set of circumstances. Who offers business bank accounts? Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. Find out more about this solution. 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. On the 'Account summary' page, select the account … For the attention of Private Banking clients who use a token. Lloyds Bank has written to 13,000 personal and business customers, saying it will no longer be able to offer banking services once the Brexit transition period ends on 31 December. Perhaps you need more advanced services from a business bank account, or your head’s been turned with money-saving offers from another bank. What you get with your Business Current Account… Mobile payments are now available: You can make quick, easy and contactless payments using your phone/ devices. In order for us to point you in the right direction we need to ask you a few questions. 1|2|3 Business Current Account Discounted monthly fee of £5 for start-ups for 18 months … The requirement to publish the Financial Conduct Authority Service Quality Information for business current accounts can be found here. 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. More information on Lloyds Banking Group can be found at lloydsbankinggroup.com. ; Debit card with contactless for everyday purchases and for easy cash access at home and abroad Visit the Bank of Scotland Linkedin page. Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. The safest way to bank with us right now is from home … 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 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. 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. Visit the Bank of Scotland Facebook page. Simple business banking for new and established businesses. Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered. Opens in a new browser window. On the 'Account summary' page, select the account you wish to close. To access your personal accounts… To close a personal current account online: Log in to Digital Banking at www.rbsdigital.com (opens in a new window). 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. Before posting your question please check to see that it has not already been asked. 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. Please check our branch locator if you need to visit for the latest information. Our Select bank account has no monthly fee, and has an option to apply for an Arranged Overdraft, it also comes with a contactless debit card. To close a personal current account online: Log in to Digital Banking at www.rbsdigital.com (opens in a new window). Find out what you’ll need to provide using the simple business banking checklist from UK Finance, the … 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 Find out more about this solution. Free electronic payments include UK Sterling Direct Debits, Standing Orders, Debit Card Transactions, Bank of Scotland/Other Bank … Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. 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. 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. Thanks for asking a question. 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. Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered. 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. 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. “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 … To access the Bounce Back Loan Scheme, you must have had an account with us before 2 March 2020. 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. Bank of Scotland | Bank Accounts | Closed Accounts. 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. 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. 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. ¹ Applies to small businesses, including individuals setting up their first business bank account. Link your business bank account directly with FreeAgent. In July 2019, we ran a customer satisfaction survey on current accounts in England, Scotland, Wales and Northern Ireland. We have now completed the changes to how you access your accounts online. Opens in a new browser window. Visit the Bank of Scotland Linkedin page. Important . 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. Take a look at our current accounts help and support. Please contact us on the numbers below. We have a team of specialists that can answer your questions depending on your expected yearly turnover. Over 18, who have the right to be self employed in UK. Applies to small businesses, including individuals setting up their first business bank accounts, business and! And Northern Ireland relied upon as offering advice for any set of circumstances purposes the... Questions depending on your Banking needs is that you operate your account in credit or within agreed limits:... And services 'Account summary ' page, select the account you wish to.! 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