An account that enables your Bounce Back Loan to be funded
COVID-19: Application times
It's taking longer than usual to process new account applications. We're working hard to speed this up. Thank you for your patience.
About this account
This account will be used to make repayments to your Bounce Back Loan Scheme
The only transactions allowed are credits to cover the value of your loan repayments
No overdrafts are permitted
No debit card or cheque book will be issued
As this account will only be used for loan repayment purposes, it is free of everyday transaction charges.
Over 18s only. Subject to status. Business use only.
Applying as an existing personal customer?
You can apply for a new business account as an existing personal customer if you meet the following criteria:
Your business was established before 1st March 2020
You operate your business solely through a RBS personal account
Unfortunately if you don’t meet these criteria, we are not able to accept your application.