If you would like to open a new business account we’re here to help. But this may take up to 4 weeks due to the high number of applications we are receiving.
Business Bank Accounts
25 Months Free* Business Banking
Whether you're considering switching your business banking account to us or just starting out, we offer 25 months* free day-to-day business banking.
*Subject to keeping your account within agreed limits and not going overdrawn without arranging it first.
Government backed lending schemes
Bounce Back Loan Scheme (BBLS)
We are accepting new applications for Bounce Back Loans from existing TSB Business Current Account (BCA) customers only.
If you are applying for a business current account
We are receiving high volumes of business current account applications at the moment, so it’s taking us longer than usual to process them. If you’ve applied recently, we are working through applications as quickly as possible and will be in touch as soon as we can. We are only accepting new applications for Bounce Bank Loans if you already bank with us.
If you are applying for support through the Bounce Bank Loan Scheme
We are only accepting new applications for Bounce Back Loans from existing TSB Business Current Account (BCA) customers. If TSB is not already your main business current account provider, please contact your main bank for support.
You can only receive one Bounce Back Loan for your business. So if you have already applied for a Bounce Back Loan from us or another lender, or have already received a Bounce Back Loan, we are unable to accept your Bounce Back Loan application. If your business is part of a group, only one loan is allowed per group. Two or more businesses under common ownership or control (including by the same individual or group of individuals) are considered to be a group.
Guidance for TSB Personal Banking customers running businesses
We understand that some smaller businesses may have been using their TSB Personal Current Account for business trade. If your business is eligible to apply for a Bounce Back Loan and you’ve been using a TSB Personal Current Account until now, you will need to open a TSB Business Current Account (BCA) before applying for a Bounce Back Loan. When you apply for a BCA we will ask you for your 2018-2019 tax return or additional documents, so please have that ready. You can find out more about our TSB Business Current Account below.
Coronavirus Business Interruption Loan Scheme (CBILS)
To apply for a Coronavirus Business Interruption Loan Scheme (CBILS) Overdraft you must already have a TSB Business Current Account (opened before 23 March 2020) to be able to apply.
If you don’t bank with TSB please speak to your existing bank about the government backed lending support available. Or visit the government’s website to find out about the range of support available for businesses.
Business Plus banking account
Startups and Switchers.
25 months free day to day banking - so long as you keep your account within agreed limits and don’t go overdrawn without arranging it first
After the free banking period, you'll have a simple tariff and great ongoing value
If you’re switching then our dedicated team will make sure the switch goes smoothly, which is also backed by the Current Account Switch Service guarantee
^Compared with the RBS Business Reserve Accounts, HSBC Business Money Manager Account, Barclays Business Premium account, Lloyds Business Banking Instant Access account and Santander Business Everday Saver Account.
We’ve worked with participating providers of UK business banking accounts to agree a basic set of information that we’ll need to set up your business current account. Find out what you’ll need to provide using this simple guide from UK Finance, the UK’s leading trade association for financial services.
Our new platform continues to deliver real benefits for our business customers, including a new mobile banking app and a market-leading business savings account. This enables us to support more local businesses right across the UK, and improving customer service in all areas of our banking offer remains a priority to us.
Our most recent customer survey indicates that 83% of customers are satisfied or completely satisfied with our Business Banking services.*
* Based on 981 surveys with TSB Business customers conducted by Motif, an independent market research agency, between May and July 2020.