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*
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 Options
Pay in cash and cheques at any Post Office counter - it will take an additional day to reach us
Manage your account online, over the phone or through our extensive branch network

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

Backed by the Current Account Switch Guarantee

The Current Account Switch Guarantee ensures your current 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 18 months free* day to day business banking to welcome you to TSB. We’ll switch your Business Current Account in 7 working days.

Account Features

18 months of free day-to-day banking Press to expand/collapse

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.

Benefits

Banking on your doorstep - we have a large branch network in the UK, so there should always be one nearby
Banking at the Post Office - pay in cash and cheques at any Post Office counter. Payments take an additional business day to reach us.
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

Then move to a tariff to suit your business Press to expand/collapse

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.

Your business banking made even easier Press to expand/collapse

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

Visit one of around 550 high street branches. Find your nearest one
Visit one of the 11,500 Post Office branches to deposit cash or cheques. Find your nearest one.
Manage your money 24/7 with our Internet Banking service
Speak to a Business Advisor by calling 0345 835 3858
Receive account updates via text alerts. Find out how

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

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.

Find out more

Start your application for our new Business current account.

Before you start, please note that we are currently not taking applications for current accounts for businesses partially or fully owned by another business (i.e. you have a shareholder that is another business rather than individuals only). Or if you are a club, charity, society or trust. We will open this up to these type of businesses soon, so please watch this space.

Apply now