- 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. about ring-fencing and Bank Structural Reform Legislation. 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. 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. *Applies to small businesses, including individuals setting up their first business bank account. 2The representative APR is an illustration of the rate that the majority of customers will receive. Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. 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). Visit the Bank of Scotland Facebook page. More information on Lloyds Banking Group can be found at lloydsbankinggroup.com. Open an account. 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. If you don’t already have an account with TSB we won’t be able to accept your application for a Business Current Account. 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. 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. Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered. 19 out of 10 is based on formal credit applications and is an average across the period January 2017 - December 2017. Mortgage Application Tracker. Opens in a new browser window. © Bank of Scotland plc 2015. That’s why we give you 12 months free day-to-day business banking* and specialist support when you want it. A guaranteed switch in 7 working days, from when your account is opened using the Current Account Switch Service. You can track your mortgage only once you’ve received your mortgage reference number from us.. This figure is not necessarily the rate you will be receiving and is for illustrative purposes only. All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business. Opens in a new browser window. 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. Free day-to-day business banking includes cheques, standing orders, cash, UK Sterling Direct Debits, deposits and withdrawals. Lloyds Bank Business Accounts for New Businesses. Manage your money 24/7, at home or on the go. SC327000. I finalize my application. 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). Our business bank accounts are designed to simplify everyday banking and make managing your money easier – even from home. The NatWest Business credit card is subject to status and for business use only. Check your eligibility in minutes for a UK small business loan or overdraft up to £25k. It then takes into account the effect of compounding - charging interest on interest - on your debt. Please note, new customers cannot open a Business Current Account to access the Bounce Back Loan Scheme. KEEPING YOU SAFE ONLINE We use the latest online security measures to protect your money, your personal information and your … 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). We are aware of fraudsters sending fake texts that can drop into a thread of genuine Bank of Ireland text messages. 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. 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. Opens in a new browser window. Free everyday banking. 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. To find out more you can read the statement of responsibilities, which details what’s expected of us, the lender, and you, the borrower. Lloyds Banking Group is a financial services group that incorporates a number of brands including Bank of Scotland. It is the rate you would pay if you go overdrawn to the full limit of your facility for the entire year. Your registered business must be in the UK and you should be registered for tax purposes in the UK. 3EAR stands for equivalent annual rate. Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. Visit the Bank of Scotland Facebook page. 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. If you have, great! 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). Your credit rating is not affected and there's no obligation to apply Log in. Charges for unarranged overdrafts are charged separately. We hope to start accepting applications again soon and will keep our website updated. We asked customers how likely they would be to recommend their business current account provider to other SMEs. Now open to early access. 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. Find out more and apply Account opening information. Login to track your Application status Mortgage Reference number Date of Birth (DD/MM/YYYY) Surname: Your … Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 169628. We are covered by the Financial Ombudsman Service (FOS). Our business bank account is for businesses that have been trading for a year or more, with a turnover of under £2m. Bank of Scotland Business Account for new businesses. Opens in a new browser window. 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. Eligible deposits with Bank of Scotland plc are protected up to a total of £85,000. All we ask is that you operate your account in credit or within agreed limits. We will update our website as soon as we are able to open accounts for new customers. Find information and inspiration from a variety of experts. Thank you for choosing Royal Bank of Scotland for your mortgage. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 169628. Find out how Scotland launched the world’s first zero emissions, fully electric fire engine. Find out what additional financial support is available for businesses impacted by coronavirus. Other customers may get a different rate based on their individual circumstances. 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. Lloyds Banking Group is a financial services group that incorporates a number of brands including Bank of Scotland. Current Account. No interest paid on balances over £5,000. 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. Applies to unsecured overdrafts up to £25,000. General banking & account queries. We approve 9 out of 10 loan and overdraft applications ¹, Please Enter to access social media links. Find out what you need to do and how long the process takes. 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. Close. Thank you for your understanding at this time. You will need to open a Business Current Account or a Loan Servicing Account. We do everything we can to make your first months in business as easy as possible. 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). 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. Current Account. Registered in Scotland no. You're unlikely to trigger this if you're, say, a freelance writer getting earnings transferred into the account. Opening business bank accounts in Scotland When you set up your company in Scotland, you need to open a business bank account. 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, 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. Your satisfaction has always been the priority of each of our employees. Visit now and you could have an account number and sort code on the same day. Insights, guidance and the latest need to know, all in one place. This site is intended for UK residents unless otherwise stated. Because we put your satisfaction first, we will always be here for you. 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. Internet Banking queries . £10 monthly usage fee payable if you go overdrawn by £50 more. To open a Co-operative Bank business account, just follow the easy . Visit the Bank of Scotland Twitter page. 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. And now you can log on using your fingerprint or Face ID on compatible devices. Take a look at our Coronavirus help page for other useful resources and answers for frequently asked questions. 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. steps below: Complete all relevant sections in the application form and write clearly in CAPITAL LETTERS. Different business accounts come with varying features, and you need to see which are available to your business. Browse our variety of bank accounts today, to find the one that’s right for you and apply. The results represent the view of customers who took part in the survey. Application Tracker. A new mobile first UK business bank account designed around you – the small business owner. The Royal Bank Business credit card is subject to status and for business use only. 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. When you set up your company in Scotland, you’ll need to open a business bank account. Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered. Lloyds Bank: More information: Natwest Bank: More information: Metro Bank: More information: HSBC Bank: More information: Royal Bank of Scotland: More information: Open Banking. Opens in a new browser window. SC327000. 4The representative EAR is an illustration of the rate that the majority of customers will receive. This figure is not necessarily the rate you will be receiving and is for illustrative purposes only. *Applies to small businesses, including individuals setting up their first business bank account. Back Connect with us Log On  Log in. Soon we’re introducing new ways to log in to give you an extra layer of security in Business Internet Banking. This is to allow us to focus on supporting our existing customers through this unprecedented time. Registered in Scotland no. We work hard to keep your personal and business data secure, which includes regularly reviewing our privacy notice. Interest calculated daily and charged monthly. 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. Find answers to questions you have about the UK’s transition out of the EU and how it could impact your business. Thank you for your understanding. Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). Our business bank account for businesses that have been trading for a year or more, with a turnover of under £2m. Other customers may get a different rate based on their individual circumstances. 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. This, along with your surname and date of birth, is all you need to login. Please review the latest privacy notice. Your registered business must be in the UK and you should be registered for tax purposes in the UK. Visit the Bank of Scotland Facebook page. How to choose a business bank account. We know the coronavirus situation is a worry, and we’re committed to supporting you and your business through this difficult time. Open Banking allows you to securely share your bank transaction data with trusted third party providers. The requirement to publish the Financial Conduct Authority Service Quality Information for Business current accounts can be found here. If you submitted an application before 28 September we will be in touch. Session Timeout. Business; Professionals; Log On. We are only able to accept Bounce Back Loan applications from customers who had an account with us before 2 March. 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. Other business bank account providers. We’ve made banking simpler, faster and more intuitive to give you the freedom to do what you do best – run your business. In order for us to point you in the right direction we need to ask you a few questions. This is so you’re aware of how we use your data and what your options are. Visit the Bank of Scotland Twitter page. Thanks for applying for a Royal Bank of Scotland bank account, we've received your application. Make it happen. Free day-to-day business banking includes cheques, standing orders, cash, UK Sterling Direct Debits, deposits and withdrawals. The first £1500 per month. It's that simple. The results represent the view of customers who took part in the survey. Due to FSCS eligibility criteria not all business customers will be covered. More information on Lloyds Banking Group can be found at lloydsbankinggroup.com. Opens in a new browser window. Whatever the size of your business, a business bank account is a good way to keep track of your company's finances. This site is intended for UK residents unless otherwise stated. Visit the Bank of Scotland Linkedin page. Make sure you understand the small print. Your screen was inactive so we've logged you out. I open my account online I finalize my application I prefer to book an appointment. We do everything we can to make your first months in business as easy as possible. Charges apply. Opens in a new browser window. We are covered by the Financial Ombudsman Service (FOS). Ensure all key Account Parties and Account Signatories have read the ‘Important information’ section in the application form. Plus, our business banking experts are on hand to help. Total amount payable £9,058.20. 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. All we ask is that you operate your account in credit or within agreed limits. The best business bank account differs depending on your banking needs. Anything over £1500 per month. Review alternative sources of business finance and compare products and services. This will usually arrive within two working days of submitting your application. 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. Visit the Bank of Scotland Linkedin page. 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. Due to current demand, we are currently not accepting applications from new customers for Business Current Accounts in NI. Visit now and you could have an account number and sort code on the same day. - 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. Pay in cheques up to £1000 using the mobile app. 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. 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. Cash payments (in or out) Cash payments  (in or out) A new report reveals insights into how British businesses have increased trade diversion away from the EU. © Bank of Scotland plc 2015. Please note that any data sent via e-mail is not secure and could be read by others. You can easily track your application progress with our helpful online tool. Vantage can also be added to existing Bank of Scotland Silver, Gold and Premier accounts. 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