Santander Business Banking Review

Santander Business Bank Accounts – read our review and compare the features and benefits available from Santander. Make an informed decision to find a bank account that suits your business.

When you're busy running a business, you want your bank to work as hard as you do. With a Santander Business Account, all of your day-to-day banking needs are taken care of. The Santander Business Current Account is open to businesses with a turnover of up to £1 million and with online access you can manage your account 365 days a year from wherever you happen to be. Make a good business decision and switch to Santander today!

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Top 5 Business Banking products

Provider
Account
AER
Free Banking Duration
Interest Paid
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FREE Business Banking for 18 month for Start-ups with turnover below £2m. Business Specialists in branches and face-to-face business review available.
0%
for 18 months
N/A
FREE Business Banking for 12 months for Switchers with turnover below £500k. Switch to HSBC, it will only take seven working days.
0%
for 12 months
N/A
For start-ups opening their first account within 12 months of beginning trading. No charges for cash or cheque deposits and withdrawals, Direct Debits or other automated transactions.
N/A
for 25 months
N/A
For established small businesses switching to Yorkshire Bank from another provider. No charges for cash or cheque deposits and withdrawls, Direct Debits or other automated transactions
N/A
for 25 months
N/A
For start-ups opening their first account within 12 months of beginning trading. No charges for cash or cheque deposits and withdrawals, Direct Debits or other automated transactions.
N/A
for 25 months
N/A

HSBC Business Banking For Start-ups

HSBC
  • 18 months free business banking with NO TRANSACTION LIMITS
  • After 18 months, you pay an account maintenance fee of £5.50 per month plus charges depending on the services you use
  • Support and business reviews from a local in-branch Business Specialist
  • Manage your account with our free Business Internet Banking and Business Telephone Banking
  • 24/7 access to your business account with our award-winning Business Internet Banking service 
  • Business Telephone Banking with UK call centres   
  • Business Text Message Banking to help keep track of your account on the move 
  • Online tips and information through our Knowledge Centre
  • Available for businesses with a turnover below £500k

HSBC Business Banking For Switchers

HSBC
  • 12 months free business banking with NO TRANSACTION LIMITS
  • After 12 months, you pay an account maintenance fee of £5.50 per month plus charges depending on the services you use
  • Support and business reviews from a local in-branch Business Specialist
  • Manage your account with our free Business Internet Banking and Business Telephone Banking
  • 24/7 access to your business account with our award-winning Business Internet Banking service 
  • Business Telephone Banking with UK call centres   
  • Business Text Message Banking to help keep track of your account on the move 
  • Online tips and information through our Knowledge Centre
  • Available for businesses with a turnover below £500k

Yorkshire Bank Small Business Start-up Account

Yorkshire Bank
  • For start-ups opening their first account within 12 months of beginning trading.
  • No charges for cash or cheque deposits and withdrawals, Direct Debits or other automated transactions.

Yorkshire Bank Established Business Switcher Account

Yorkshire Bank
  • For established small businesses switching to Yorkshire Bank from another provider.
  • No charges for cash or cheque deposits and withdrawls, Direct Debits or other automated transactions

Clydesdale Bank Small Business Start-up Account

Clydesdale Bank
  • For start-ups opening their first account within 12 months of beginning trading.
  • No charges for cash or cheque deposits and withdrawals, Direct Debits or other automated transactions.

Clydesdale Bank Established Business Switcher Account

Clydesdale Bank
  • For established small businesses switching to Yorkshire Bank from another provider.
  • No charges for cash or cheque deposits and withdrawls, Direct Debits or other automated transactions

Lloyds Bank New Business Start up Account

Lloyds Bank
  • 18 months free day-to-day banking.
  • Support from a Business Management Team
  • 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
  • There is no limit on the number of deposits or withdrawals, and you do not need to keep a minimum balance in your account to qualify.
  • When your free banking period ends choose either 'Business Extra Tariff' or 'Electronic Business Tariff'.
  • Get a 30-day free trial of our Business Toolbox: a suite of useful online tools to help you start, manage, and grow your business

Lloyds Bank Established Business Switch A/C

Lloyds Bank
  • Interest free overdraft of up to £5,000 while moving
  • During the first 6 months you will not be charged for (terms and conditions apply):
  • - Paying in or taking out cash
  • - Paying in or issuing cheques
  • - Paying standing orders and direct debits
  • There is no limit on the number of deposits or withdrawals, and you do not need to keep a minimum balance in your account to qualify.
  • When your free banking period ends choose either 'Business Extra Tariff' or 'Electronic Business Tariff'.

Natwest Business Start-up Account

NatWest
  • ***Call NatWest on 0333 355 9427 to find out more***
  • Two years' free Business Banking* - Free Business Banking is available for Businesses which are less than 12 months old with an annual turnover not exceeding £1 million
  • Mentor Aware - help to manage your risks with our Employment Law and Health & Safety support tool
  • No annual fee on your Business Credit Card – apply for a NatWest Business Credit Card in the first six months of opening your account and we’ll waive the annual fee for your first year.
  • Free Start-up courses - help to get you started with our online courses
  • Free unlimited transactions – no matter how many deposits or withdrawals you make, as long as your business turnover is less than £1 million
  • £1 minimum balance – keep at least £1 in your account and you never need to worry about charges
  • Free Online, Telephone and Mobile banking – pay bills and make transfers 24 hours a day, seven days a week (available to all business current account holders)
  • Start your business with NatWest today!
  • * = Free banking means that the charges for the day to day running of your account (known as your 'service charge') will not apply during the free banking period. At the end of this period, you will automatically move to the Standard Tariff. Charges for "Additional Services" and "Unarranged Borrowing" are not part of the free banking offer. Free banking applies to businesses that started trading within the past twelve months with projected or existing annual turnover not exceeding £1 million.

Natwest Business Switcher Account

NatWest
  • ***Call NatWest on 0333 920 8397 to find out more***
  • “Switch to NatWest and they will credit your account with £150. Switch your overdraft too for another £100.
  • Your account will be credited £150 before the end of the 4th full calendar month after account opening. If you switched overdraft too, an extra £100 will be credited the same day. If you close the account or change tariff before credit is made, you’ll no longer be eligible to receive payment.
  • Offer only available to customers who choose the Business Current Account (Standard Tariff), with an annual t/o of less than £2m, where the business has been trading more than 1 year. NatWest reserves the right to alter, amend or foreclose this offer without prior notice. All credit applications subject to approval. Over 18’s only subject to status.
  • A £10 min monthly charge on Business Current Account (Standard Tariff) applies. Overdraft arrangement fees will apply. Security may be required, for which a fee may apply

Barclays Start-up Business Account

  • Open a start-up account for your new business and you’ll benefit from:
  • Free business banking for 12 months
  • At the end of your free banking you will have a choice of 2 straightforward Price Plans
  • Our Loyalty Reward gives you back more of your account charges the longer you're with us
  • Support and guidance from your Business Banking telephone team with our Service Guarantee
  • The flexibility to manage your account online, by phone, via the Barclays Mobile Banking app 3 or in branch

Barclays Switcher Business Current Account

  • Move your banking to Barclays and you’ll benefit from:
  • Support and guidance from your Business Banking telephone team with our Service Guarantee
  • A choice of 2 straightforward Price Plans that you can switch between to enjoy the charging structure designed around how your business makes and takes payments
  • Our Loyalty Reward, which gives you back more of your monthly charges the longer you bank with us
  • The flexibility to manage your account online, by phone, in branch or using the Barclays Mobile Banking app
  • Get paid instantly using just your mobile number with Barclays Pingit

Cashplus Business Current Account

CashPlus
  • Instant online application process
  • No paper forms or interview required
  • No credit check required to open an account
  • The low cost alternative to High Street Banks:
  • - Free to deposit cash at the Post Office
  • - Free to set up Direct Debits
  • - Free inbound bank transfers
  • - 3 Free outbound bank transfers per month - £0.99 per transfer thereafter
  • Comes with MasterCard Debit Card – no card transaction charges
  • Fees: £69 per year & £2 per ATM withdrawal
  • No hidden fees
  • No introductory free period – just constantly low pricing

CardOne Banking Guaranteed Business Account

  • CardOneBanking offers the following:
  • Guaranteed Acceptance
  • Sortcode & Account Number
  • Pay money in at any Post Office or Barclays Branch
  • Create Standing Orders and Direct Debits with this account.
  • 24 hour account management by Phone, Text and Online Banking
  • Dedicated Account Manager
  • £55 OPENING FEE
  • NO OVERDRAFT FACILITY – No risk of going overdrawn
  • NO CREDIT CHECKS! – Guaranteed to be accepted, regardless of your past credit
  • YOU must be 18+ and UK resident
  • £12.50 monthly management fee
  • Charges to transfer or deposit funds:
  • £5 to £249 = £5
  • £250 to £499 = £8
  • £500 to £749 = £13
  • £750 to £999 = £20
  • £1000+ = £30