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 switch, leaving you free to concentrate on running your business.
The Current Account Switch Service makes it simple and stress-free to move everything across from your old bank. You can choose a switch date to suit you and it only takes seven working days from start to finish. We will even close your old account for you.
Business bank accounts that include an overdraft can switch using the Current Account Switch Service. And if you’d like to have an overdraft with your new bank account, speak to us before starting your switch. When you apply for your account we will be able to tell you if you’re eligible for an overdraft – but this is dependent on our lending criteria and your credit status.
Reasons to switch to TSB
We believe that smaller, independent businesses and organisations play a vital role in the success of communities, right across the UK. And that’s why we’re continuing to invest in products and services to help you run and grow your business now and in the future. To welcome you to TSB, our Business Plus account will give you 25 months free day to day banking*. You can open your account and then you can start your switch.
25 months free day-to-day banking*
Dedicated team to take the hassle out of switching your account
Free Square Reader to take card payments easily. And pay no fees on your first £1,000 of sales
Grow your business with specialist support from Enterprise Nation and Funding Option
Pay in cash and cheques at any Post Office counter
Manage your account online, on our Mobile App, over the phone or through our extensive branch network
*Subject to staying within agreed limits and not going overdrawn without arranging this first
Backed by the Current Account Switch Guarantee
The Current Account Switch Guarantee ensures your account will switch on a day of your choice. Your payments will be automatically transferred and redirected to your new account, and in the unlikely event anything goes wrong with your switch, we will refund any interest and charges (incurred on your old or new current accounts) as a result of this failure as soon as it’s brought to our attention. And to make your decision to move even easier we’ll give you 25 months free* day to day business banking to welcome you to TSB. We’ll switch your Business Current Account in just seven working days.
Choose to switch to us when you apply, or at any time after
You can choose the date you want your account to switch
It’s simple and stress-free to switch and we’ll have it done in just seven working days
We will transfer all your existing payments for you – those going out, like Direct Debits and standing orders, those coming in like receipts from your customers and all payees you already have set up
Any payments made to or requested from your old account will be automatically redirected to your new account for at least three years. We will also contact the sender and give them your new account details
Are you an RBS or NatWest business banking customer?
If so, you might be able to switch your account to us under the Business Banking Switch scheme.