Check out our switch offer: free banking on everyday transactions for 2 years.
Other fees may apply. Eligibility criteria, terms and conditions apply.
To be eligible for 2 years free banking on everyday transactions when you switch:
Your business's projected or existing annual turnover must be below £2m.
You'll need to switch to us using the Current Account Switch Service (CASS). The switch will have to be from an eligible business bank account to a NatWest business bank account.
You can't switch a Royal Bank of Scotland or Ulster Bank business current account to NatWest.
Check if your current bank participates in CASS.
If you're not eligible for the offer, you can still use the CASS to switch your account if your turnover is under £6.5m. Find out more about eligibility.
The Current Account Switch Service (CASS) will do all the work for you. It'll move everything across from your old account to your new account, all within 7 working days. This includes Direct Debits and Standing Orders.
We won't switch any Standing Orders with a frequency over a year into the new account. Once your account's open, you'll be able to set up Standing Orders with a frequency of up to 1 year.
Free banking means the charges for the day to day running of your account (known as your service charges) won’t apply during the free banking period. At the end of this period, you’ll be automatically moved to the Standard Tariff. Charges for unarranged overdrafts, Bankline, international payments and any additional services are not part of the free banking offer. For details of our full charges and switcher offer eligibility criteria, please refer to the 'Info about charges' section of this page. CASS is not currently available for Mettle accounts.
The service you'll need depends on whether you need to keep your old account open, your eligibility (based on business circumstances), the mandate authorisation with your old bank and whether your old bank is part of the Current Account Switch Service.
You can find out more about each service from the FAQs below, or in our Switching Guide (PDF, 2.3 MB).
The Current Account Switch Service (CASS) won't transfer any existing permissions you've given to Third Party Providers (TPPs). You'll need to do this yourself once the switch is complete. These permissions could be things like allowing financial comparison websites, money management apps and payment services to make payments on your behalf, or to access your financial data.
Take a look at our terms and conditions for more information about Third Party Providers.
Business Account Terms (PDF, 1.75 MB)
Effective until 6th October 2024
Business Account Terms (PDF, 255 KB)
Effective from 7th October 2024
Important changes to your Business Account Terms (PDF, 140 KB)
Effective from 7th October 2024
FreeAgent is the Friendliest Software of the Year, Institute of Certified Bookkeepers Luca Awards 2023.
Manage your people anywhere, anytime, on any device with free tools from MentorDigital.**
Our Entrepreneur hub offers a range of programmes and tools, plus you could tap into a network of specialists and peers who could offer help and guidance as you grow.
Our savings accounts could help you earn more interest and plan for your business's future.
NatWest Tap to Pay from Tyl by NatWest is an exciting way to take contactless payments from your customers with just your iPhone or Android smartphone. No need for card machines, as everything is app-based on the device you use everyday. Tap to Pay is Wi-Fi and network-ready too, making it seamless and super reliable. †
*FreeAgent is free for as long as you retain your NatWest business bank account. Optional add-ons may be chargeable.
**MentorDigital is subject to app store availability and phone network access. Network provider charges may apply. Some Mentor services incur a cost.
†To be eligible for Tyl by NatWest your business must be based in the UK, and you must be over 18. No monthly hire or PCI fees for Tap to Pay. Transaction fees and limits apply. Some contactless cards not accepted. Users may be charged for data usage by their network operator. Available on iPhone XS or later with iOS 16.4 or later and Android OS 10 or later (base OS 8.1+) with Google Services and NFC. Subject to Tyl eligibility criteria and terms and conditions.