Sorry, we are only accepting Business Current Account applications from existing and active TSB Personal Current Account customers at this time. If you don’t already have an account with TSB we won’t be able to accept your application for a Business Current Account. This is to allow us to focus on supporting our existing customers through this unprecedented time. If you submitted an application before 28 September we will be in touch. We will update our website as soon as we are able to open accounts for new customers. Please check back here for updates.

Business Bank Accounts

6 Months Free* Business Banking

Whether you're considering switching your business banking account to us or just starting out, we offer 6 months* free day-to-day business banking.

*Subject to keeping your account within agreed limits and not going overdrawn without arranging it first.
 
Current Account switch guarantee

Government backed lending schemes

Bounce Back Loan Scheme (BBLS)

We are only accepting new Bounce Back Loan Scheme applications if you are:

  • An existing TSB Business (BCA) or Personal Current Account (PCA) customer, and
  • Your TSB account was open by 11 May 2020, and
  • You were using the account for your day-to-day business banking needs and you meet the scheme eligibility criteria explained on the Bounce Back Loan Scheme page.

Eligible PCA customers need to apply for a TSB BCA before applying for a Bounce Back Loan.

The scheme will close to applications on 31 March 2021.

If you are applying for a TSB Business Current Account only

We are receiving high volumes of 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.

If you are applying for support through the Bounce Bank Loan Scheme

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.

See our Bounce Back Loan Scheme page for more information, including the scheme’s eligibility criteria.

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 apply for 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.

If you did not have a TSB Business Current Account on 1 March 2020, we will need to see additional documents to show your business was trading before then. This could be business transactions in your TSB Personal Current Account or additional documents. We’ll let you know if we need this.

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. CBILS will close to applications on 31 March 2021.

To find out more, including conditions on these schemes visit our Coronavirus Support page.

If you don’t bank with TSB please speak to your existing bank about the government backed lending support available. There is a range of support available for businesses which can be found on the government’s website.

Business Plus banking account

Key features for start ups and switchers:

  • 6 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

  • Use a Square reader to take chip & PIN and contactless payments. Pay no fees on your first £1,000 of sales

  • Specialist support to help grow your business can be found from Enterprise Nation and Funding Options

  • Earn one of the best rates on the high street^ and access your money for whatever you need, whenever you need it, with our Business Instant Access savings account

  • 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.
 

Keep your account on the move

Up-to-date financial information is important to any business. Now there's another way to keep track of your finances.

Our free text alerts service delivers regular account balances and transactions as text messages to your mobile phone.

 

Online for 24/7 business

With our Business Internet Banking service, you can do business at any time of the day or night. You can:

  • Check your up-to-date balance

  • Transfer money between your accounts.

  • Make payments via Faster Payments or BACS

  • Manage your standing orders and Direct Debits

  • Export statements into your finance package

  • Delegate day-to-day banking tasks and much more

 

What you'll need to open an 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.

Click on the business accounts checklist

Our service

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 80% of customers are satisfied or completely satisfied with our Business Banking services.*

* Based on 925 surveys with TSB Business customers conducted by Motif, an independent market research agency, between October and December 2020.
 
 
 
 

You can check our service status here

Independent service quality survey results

As part of an independent regulatory survey, customers were asked how likely they would be to recommend their business current account provider to other SMEs.

Ranking

Financial Conduct Authority - Service Quality Indicators

FCA Logo

 

Find out information about Business Current Account Services.

 
 
 

 
 
 

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