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Start up bank account

24 months transaction fee-free banking, then pay as you go

Give your business the best possible start

24 months transaction fee free banking, then pay as you go

Only pay for unarranged borrowing and some additional services

Standard tariff will apply when free banking period ends

Hassle-free accounting software

FreeAgent holds all your invoices and expenses in one place

Fee-free for RBS business customers

A simple way to take payments online

Use Tyl to make it simple for your customers to pay you

Get money into your account next day. Fees apply

Access your account however it suits you

Bank when you need to with online, mobile and telephone banking

Build your business community

Learn from experts and other business owners

A programme of networking events to help your business

Help and support for new businesses

Useful tools to help you with business planning, cash flow forecasting and more

Expert advice when you need it

Expert business advice and guidance whatever stage you're at

We know what it takes to run a business, and we're here to help yours grow. We've got useful tips, business tools and welcoming communities where you can learn and thrive.

Switch to Royal Bank

The Current Account Switch Service will do all the work when it comes to switching, moving everything across from your old account all within 7 working days, including Direct Debits and standing orders. All you need to do is tell us the details of your old bank account and when you want the Switch to start.

Current Account Switch Guarantee (PDF, 60KB)

A Guide to Switching Current Accounts (PDF, 532KB)

How does the Switch Service work?

Ready to apply?

Thanks for choosing our start up bank account, let’s get started.

We also offer

Supporting female entrepreneurs

We’re committed to supporting female business leaders to achieve their ambitions by empowering them and breaking down barriers. Find out more about Women in Business programme and how to apply for the UK’s most exciting and accessible start-up programme for women.

UK residents with new UK projects can apply. Eligibility (including type of project), and specific criteria apply. Fees apply, see the help centre for more details.

Apply for our Business Credit Card

No annual fee for the first year (normally £30)

56 days interest-free credit period on purchases

Control your account in real time and check your balance on the go

Grow your business network

Apply to meet with experts and like-minded businesses, as well as gain access to a wealth of free learning tools to set up and grow your business through our free Business Growth Events.

Simple charges with no minimum monthly charge

At the end of your 24 month free banking period, you'll move onto our Standard Tariff. See our full list of business account charges:

Business account charges booklet (PDF, 550kb)

Summarised business account charges booklet (PDF, 81kb)

Government backed loan schemes

If you are looking to open a Start up account in order to apply for the government-backed Bounce Back Loan Scheme, please note you will only be eligible for this loan with RBS if:

You were an existing RBS Personal or Business customer on or before 4 May 2020

You can evidence that your business was established before 1 March 2020

You can certify that your business has been adversely impacted by Coronavirus

You're a UK resident with a business or registered charity based in the UK

Useful info about this account

Apply now

Thanks for choosing our Start up bank account. Let's get started...

Before you continue...

If you are looking to open a Start up account in order to apply for the government-backed Bounce Back Loan Scheme, please note you will only be eligible for this loan if:

 

You were an existing RBS Personal or Business customer on or before 4 May 2020

You can evidence that your business was established before 1 March 2020

You can certify that your business has been adversely impacted by Coronavirus

You're a UK resident with a business or registered charity based in the UK

Are you...
OK, so you're an existing customer. Is the bank account for...

Great, please make sure you're eligible to apply

  • You're aged 18 or over
  • You're the owner or director of the business you’re applying on behalf of
  • Your registered business address must also be in the UK, Channel Islands, Isle of Man or Gibraltar or you should be registered for tax purposes in one of those jurisdictions
  • You haven't been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree

Please take some time to review the important info

 

 

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

Thanks! Looks like you’re all set and ready to begin

By starting your application, you confirm that you're giving us consent to run a credit check on you and any other people listed on your application.

 

For more information on accessibility, visit our Accessibility page.

Do you have a relationship manager?

Call your Relationship Manager

You should have a direct number for them. You can discuss applying for an additional Startup business account with them. They can start the application for you and arrange to get the appropriate signatures.

 

When can I call?

Business and Relationship Managers are available 9am-5pm Monday to Friday.

No problem. We can still help

For businesses in Scotland, please call us on 0345 600 2230.

 

If your business will be based in England or Wales, please give us a call on 0345 307 0900

 

Relay UK Service:

18001 0345 600 2230 (Scotland)

18001 0345 307 0900 (England and Wales)

Mon to Fri 9am-5.30pm (excl. public holidays)

For more information on accessibility, visit the Accessibility page. 

Calls may be recorded for training and monitoring purposes. To see how much your call might cost, visit the call charge information page.

Great, please make sure you're eligible to apply

  • You're aged 18 or over
  • You're the owner or a director of the business you’re applying on behalf of
  • Your registered business address must be in the UK, Channel Islands, Isle of Man or Gibraltar or you should be registered for tax purposes in one of those jurisdictions
  • You haven't been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree

Please take some time to review the important info

 

 

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

Thanks! Looks like you’re all set and ready to begin

By starting your application, you confirm that you're giving us consent to run a credit check on you and any other people listed on your application.

 

Relay UK Service: 18001 0345 600 2230 (Scotland)

18001 0345 307 0900 (England and Wales)

Mon to Fri 9am-5.30pm (excl. public holidays)

For more information on accessibility, visit the Accessibility page. 

Calls may be recorded for training and monitoring purposes. To see how much your call might cost, visit the call charge information page.

Great, please make sure you're eligible to apply

  • You're aged 18 or over
  • You're the owner or a director of the business you’re applying on behalf of
  • Your registered business address must be in the UK, Channel Islands, Isle of Man or Gibraltar or you should be registered for tax purposes in one of those jurisdictions
  • You haven't been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree

Please take some time to review the important info

 

 

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

Thanks! Looks like you’re all set and ready to begin

By starting your application, you confirm that you're giving us consent to run a credit check on you and any other people listed on your application.

 

Relay UK Service: 18001 0345 600 2230 (Scotland)

Mon to Fri 9am-5.30pm (excl. public holidays)

For more information on accessibility, visit the Accessibility page.

Calls may be recorded for training and monitoring purposes. To see how much your call might cost, visit the call charge information page.

Additional support for your business

Ways to bank

Choose the most convenient and easiest way for you to bank. We offer Digital Banking, Mobile Banking and Bankline. Business banking at its best.

Tax-record keeping, VAT and more

Does the mere mention of those items give you sweaty palms and a feeling of dread? We’re on hand to help you.

Grow your business network

Meet with experts and like-minded businesses, as well as gain access to a wealth of free learning tools to set up and grow your business through our free Business Growth Events.