An exclusive offer for you.

Here’s a quick overview of what you’ll get when you switch to a TSB Business current account.

Up to £3,200 Cashback*

  • 25 months free day-to-day business banking**.
  • Access to an instant access savings account with a 1% Gross/AER (variable) interest rate
  • We promise to match the interest rate of your existing Royal Bank of Scotland (RBS) or NatWest overdraft for at least 12 months. Find out more about our products that help you to borrow well.
  • Get 2.5% cashback on your RBS or NatWest loan when you switch to a TSB business loan. T&Cs apply. 9.94% APR representative*** (fixed) for a £13,000 loan over 60 months, subject to approval.
  • A Fraud Refund Guarantee to protect you. T&Cs apply. Find out more.
 
T&Cs apply. Offers subject to change.
 
***Representative Example^ based on an assumed loan amount of £13,000 over 60 Months, an annual interest rate of 9.06% p.a. (fixed) applies with an initial arrangement fee of £250, and monthly repayments of £273.12. Representative 9.94% APR (Fixed). Total repayable £16,387.38.
 

The TSB Business current account is suitable for you if:

  • Your business is owned by one or more individuals only, and not by any other company or business.
  • You have a single business current account to switch to us under the Business Banking Switch Scheme.
  • You don’t need a business credit card.
 
switch guarantee
 

Useful documents to have handy:

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A form of identification

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Proof of business address, if it's not the same as your home address

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Your existing TSB online banking login details, if you have them

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A solicitor's confirmation of the trust, if your business is a trust


Applying to get your exclusive offer is quick, easy and secure. And because your switch is guaranteed by the Current Account Switch Service (CASS), it’s completely hassle-free. Your switch will usually happen within 7 working days of your account being opened, which is subject to approval.

You can bank in over 500 TSB branches as well as any of 11,500 Post Office branches. You can also use telephone banking and online Banking 24/7. Our new business banking app lets you check your balance and make payments on the go. And you can keep track of your business finances with our free text alerts service.

We’re here to help the smaller, independent businesses like yours. So that’s why our business current account comes with fair and simple charges and services to support your business. For example, a free Square Reader so you can take card payments on the go. You’ll also get access to our partners’ expertise, business networks and funding options. It’s all part of our commitment to help you run and grow your businesses now and in future.

Read more about the business banking terms and conditions including the T&Cs for our cashback offer, overdraft rate match promise and our loan cashback offers.

 
switch guarantee

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Business Marketplace.
 

Get the right loan for your business by using our Business Marketplace^^. We’ve partnered with Funding Options who search online from over 50 different lenders. You can then compare loan options to make sure you borrow well.
 

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Free Square Reader.
 

You can take card payments on the go with a free Square Reader and pay no fees on your first £1,000 of sales. There are no long-term contracts and you get the money in your account as soon as the next business day. T&Cs apply.

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Free 1-year membership to Enterprise Nation.

Enterprise Nation are the UK’s most active small business network. Once you've opened your TSB Business current account, you can access their free specialist digital support so you can see what's working and where your online presence could use some help. T&Cs apply.

TSB Fraud Refund Guarantee Logo

Fraud Refund Guarantee

We believe if our customers are victims of transactional fraud on their TSB account, they shouldn’t have to fight for a refund. Even if you make an honest mistake, whether it’s accidentally clicking on something you shouldn’t, or sharing some sensitive information without thinking. As long as you’re an innocent victim, we’ll refund you. TSB is the first bank in the UK to offer anything like this level of cover to customers.

Full details including the terms and conditions that apply can be found on our Fraud Refund Guarantee page.


*£3,000 cashback will be paid within 30 days after the 3-month anniversary of the completion of the account switch through CASS for that account, providing the account is still open and we have validated your switch with RBS/NatWest.
And if the average monthly balance across your TSB Business and savings accounts in the first 3 months after your switch is over:
  • £50,000 we'll increase your payment by £200, so your total cashback is £3,200
  • £100,000 we'll increase your payment by £500, so your total cashback is £3,500
  • £200,000 we'll increase your payment by £1,000, so your total cashback is £4,000
 
** Subject to staying within agreed limits and not going overdrawn without arranging this first.
 
AER stands for Annual Equivalent Rate, which shows what the interest rate would be if interest was paid and compounded once each year. Gross rate is the contractual rate of interest payable before income tax is taken off. Interest is calculated daily and paid monthly.
 
When you switch your overdraft to TSB. Overdraft subject to approval. T&Cs apply. We may ask for evidence of your current overdraft rate.
 
Subject to status and lending criteria. We may ask for evidence of your existing loan details.
The APR will vary depending on the loan amount and term. Annual Percentage Rate Representative (APR Representative) is the advertised rate (or a lower rate) we reasonably expect at least 51% of people who are accepted for and enter into the loan agreement as a result of the advertising or marketing will pay. 
 
^^ 2.5% loans cashback offer applies only to loans switched from RBS or NatWest as part of the Business Banking Switch scheme, not for loans through TSB Business Marketplace.