Switch to a Royal Bank of Scotland business bank account

Let us take the headache out of switching

What can I expect to happen?

Day 1 and 2

The Current Account Switch Service will contact your old bank and they confirm if the switch can go ahead.

Day 3

Your new account will be set up and regular payments, like your salary will be moved across. We will also advise you how to set up your bill payments.

Day 6

We talk to your old bank about transferring your balance over.

Day 7

Your balance will then be transferred and your old account will be closed. And that’s your switch complete.

Choose your account...

Startup account

You’ve been trading less than a year and your turnover is less than £1m

24-months transaction-fee free business banking (Standard Published Tariff after)

Dedicated start-up package including access to our Business Builder learning platform and Business Growth events

Online and phone banking

Mobile banking app

Business account

You’ve been trading over a year

Expert support from your own Relationship Manager (subject to turnover and eligibility)  

Grow your business and build your local network by applying for our Entrepreneur Accelerator programme

Online and phone banking

Mobile banking app

Community account

You’re a not for profit organisation

Free banking if your annual credit turnover is less than £100,000 

Cheque book and paying in book

Apply for a Debit card

Mobile banking app

What you’ll need to open an account

Participating providers of UK business bank accounts have agreed to a basic set of information that they will need from you to set up your UK business current account.

Find out what you’ll need to provide using the simple business banking checklist from UK Finance, the UK’s leading trade association for financial services.

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)

Useful info about our business accounts

Third Party Provider (TTP) Permissions

If you have given permissions to Third Party Providers to make payments on your behalf, or to access your financial data, access to these services won't be transferred automatically to your new account as part of the Current Account Switch Service.

1. Before you close your old account, check whether you have any Third Party Provider permissions set up and if so, who with.

2. Once your new account is open, you can give your permission to the Third Party Provider to access your new account by providing them with your new account details. You will need to contact the Third Party Provider directly yourself to set this up.

3. If you are unsure as to whether your new bank will support Third Party Provider permissions on your account, you will need to discuss this ahead of your switch with your new provider who will be able to advise you of this.

Please check your new provider's terms and conditions for more information about Third Party Providers.

Something else we can help you with?