Sprint ahead with our choice of business bank accounts

A new account usually takes around 5-10 days to open, though if any of the following apply to your application, we may need extra information from you and this could impact the opening timelines: 

• You have more than 2 individuals detailed as owners/officials
• You take cash payments
• You undertake overseas transactions
• You are a Club, Society, Charity, Non Personal Trust (we are unable to open accounts for Personal Trusts)

• Once you’ve submitted your application, you’ll get a thank you email 
• If any information is missing, you will be contacted by phone or email and the application will not progress until the information is received
• Unless you are a single party, you will be required to complete a mandate, possibly a tax declaration and acknowledge Business account terms. These documents can be completed digitally via Adobe e-sign
• Once your account is open, we’ll send you an email with the account details. Your debit card and Online details will arrive shortly after.
• If we’re unable to progress your application for any reason, we will notify you by email. 

• Give us a detailed description of your business in your application
• If you’re a start-up, provide a realistic estimate on your turnover.  We know this can be challenging, but your best estimate is fine.
• Provide clear and detailed information particularly in the trading activity section within the application
• Make sure any additional parties linked to the account return the required documents 
• If we ask for anything else via email or phone after you’ve submitted your application, then check you’ve done or sent it 
• For personal identification after the application, read the onscreen prompts within Mitek, our trusted online identification and security partner, to understand what documents are valid
• Use the application hub within our online system to check for updates

• Incorrect or expired documents
• Incomplete or limited information on your business
• Adverse credit score
• Dishonesty and fraud
• Certain business types and countries you are linked with 

As part of your application, we'll use our trusted third party supplier Mitek to verify your identity. This will include ID document checks, and a selfie upload using your phone or webcam.

It’s quick, it’s safe, and they’ll delete all copies of your documents and data as soon as your identity check is done.

Mitek are likely to ask for:

• Photo ID, such as: driving licence, passport or EU ID card
• A short video or selfie to compare with your photo ID

Mitek might also need to see a proof of address, such as: a driving licence, utility bill, bank statement or tax document.

You’ll need to make sure the documents you use exactly match the information you enter in your application. For more information, visit What is Mitek?

Asked for a debit card? It’ll arrive in the next few days

Activate your card to pay bills, take out and pay in cash

Chosen the option for online banking in your application? We’ll send you detailed instructions on how to activate it after your account is open

Activated your online banking? Now you can order a card reader and get our mobile banking app*

Didn’t select the option for online banking? It’s easy to apply after your account is open. Find out more about online banking

If you’ve requested Bankline, a member of the Bankline team will be in touch to discuss this service once your current account is open.

Applied for a currency account(s)? You’ll receive your currency account(s) details within a few days after your current account has been opened

*Our app is available to all online banking customers with a UK or international mobile number in specific countries. Fingerprint login is available on selected devices. 

You are able to switch your Business Current Account or your business banking to another provider while retaining your business loan with us. We may require you to open a fee free loan servicing account and will confirm if this is required as part of the switching process. A fee-free Loan Servicing Account is not a Business Current Account. This account will purely be used to facilitate your loan and will be free of any transaction charges.

We’ll start processing your application as soon as we’ve opened your current account. First we’ll carry out our standard lending and security checks, then let you know our decision shortly afterwards. 

If your application is successful, we’ll send out your welcome pack, card and PIN, separately in the post. This process normally takes 10-12 working days, after we’ve opened your current account. 

We’ll let you know your agreed credit limit right away. You can also apply to change this limit as soon as we’ve opened your account. 

If you’ve got any questions about your credit card, please contact us on: 

0345 301 6263

Relay UK: 18001 0345 301 6263

Monday – Friday, between 8am – 5pm

A loan servicing account is only required if you are currently in the process of applying for a business loan and you do not have or wish to have a business current account with us.

This account will only enable you to deposit funds with the bank to meet your monthly loan repayment. It CAN NOT be used to support day to day business transactions like taking payments from customers or making payments to suppliers and for this you will need to apply for a business current account.

If you have business current account with us you will be able to apply for loans and overdrafts in the future without the need to open an additional loan servicing account.