• Switch your account to TSB

    Moving your business bank account to TSB is much easier than you might think. Even if you're unhappy with your current bank, you may not want the added hassle of switching. That’s why we’ll give you a team dedicated to managing your change over, leaving you free to concentrate on your business. And, to make your decision to move even easier, we'll give you 18 months’ free day-to-day business banking to welcome you to TSB.

  • Reasons to switch to TSB

    • 18 months' free day-to-day banking
    • A dedicated team who will take the hassle out of moving your account
    • Choose the tariff you move on to that suits your business
    • Manage your account online, by phone or at one of our 631 high street branches
    • For sole traders with a turnover of less than £125,000 you can also open your account in one of our local branches

  • Smooth move promise

    • Re-direct all standing orders and direct debits
    • Transfer your old balance to your TSB account
    • Deal with the closure of your old account

    And we'll make you a promise:

    If anything goes wrong with the switch, as soon as we are told we'll refund any interest or charges you have incurred on your old or new account as a result of a delay caused by us. This doesn't cover charges or interest resulting from required tasks you or your old bank don't complete.

  • Account features

  • Free day-to-day banking can make all the difference to a new business. It makes sure that every single penny you earn goes towards creating a successful business.


    • Banking on your doorstep - we have a large branch network in the UK, so there should always be one nearby.
    • Banking on your computer - our Internet Banking service is currently used by over half of our business customers.
    • Banking on your mobile - receive daily updates on your account balance via our Text alerts service.
    • Banking on your phone - speak to a Business Advisor who can deal with your account queries and requests using our Internet Banking demo service.

    During the first 18 months you will not be charged for:

    • Paying in or taking out cash
    • Paying in or issuing cheques
    • Paying standing orders and direct debits
    • Unlimited deposits and withdrawals
    • No minimum account balance required

    All we ask is that you operate your account within agreed limits, for example not going overdrawn without prior agreement.

    See our fees for services not covered by free banking

    Once your free banking period ends, you have the option of moving to one of our alternative tariffs. Which one is best for your business will depend on the number and type of transactions you typically do. 

    Fixed Fee Account

    Simply pay a fixed monthly fee for a certain number of transactions - with five levels to choose from to suit your needs. And if those needs change, you can simply change your plan.

    Read more about Fixed Fee

    Business Extra Tariff

    Pay individual charges per transaction instead of a fixed monthly fee. This tariff is suitable for customers who use large cash transactions.

    Read more about Business Extra

    Electronic Business Tariff

    If you use electronic or automated ways of banking you can benefit from lower charges for those types of transactions. You pay per transaction and not a fixed monthly fee.

    Minimum balance of £1 applies.

    Read more about Electronic Business

    Compare these tariffs

    With a TSB business account you can access your money when it's convenient for you:

  • Check you're eligible

    When you apply you need to confirm that:

    • You are a sole trader, partner or director
    • You are aged 18 or over
    • You require the account for business use
    • You have read the Terms and Conditions
  • Before you apply

  • Have this information to hand

    • Applicant(s) details  
    • Information about your business
    • Consent for credit check
  • Useful documents

    Please find key documents and further information on our legal page.

  • Business debit card

    Our Business Debit Card gives you a quick, easy and cost-effective way to settle your day-to-day business expenses. 

    Key features:

    • No annual fee
    • Withdraw money from a cash machine
    • Save on cheque transaction charges

    Find out more and apply

  • Business credit card

    The TSB Business Credit Card offers you a straight forward, flexible way to manage cash flow, stay in control of business expenses and could reduce your bank charges.

    Key features:

    • £32 annual fee per card
    • Up to 45 days interest free credit on Sterling purchases if your balance is paid in full by the due date on your previous and latest statements
    • You could reduce your bank charges by using your card instead of writing cheques

    Find out more and apply



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