For customers based in Scotland
For customers based in England & Wales
Royal Bank of Scotland Business Account Terms
Business charges information:
Our startup package is available to eligible business owners, aged 18 or over, who open a Business Current or Foundation Account.
Your business must have started trading in the last 12 months and your planned, or existing annual turnover, must not be over £1 million.
Applications for credit are subject to approval and security may be required (which may involve a fee).
Our dedicated switcher team is here to make it easy for you, when it comes to moving your business account to Royal Bank of Scotland.
Give us a call or pop in to one of our branches where we can help by going through our switcher option checklist with you.
This can help you decide if the Full Current Account Switch Service is your best option, or if a partial switch may be more suitable. A partial switch is where your old account would remain open, even after your new Royal Bank of Scotland account is opened.
When you call or visit, our staff can also help you with:
Full Current Account Switch Service
Once you've succesfully opened a new Royal Bank of Scotland Business Current Account and completed the required switching forms, we can switch your account within seven working days.
If you still want to keep your old bank account open, we'll make all the necessary arrangements to move your regular payments to your new Royal Bank of Scotland account, by setting up your existing Standing Orders and Direct Debits.
By switching your startup to Royal Bank of Scotland, see how 2 years free banking and our startup package could help your new business.
What do we mean by free banking?
Most banks charge a service charge for the day to day running of a business account.
With our startup offer, there are no charges for the day to day running of your business current account, so that means you won't be charged a 'service charge'.
The free banking starts from the date your account is opened for 2 years.
What isn't included?
Charges for “Unarranged Borrowing”, “Additional Services” & “Bankline Charges” are not part of the free banking offer.
What happens when the 2 years free banking is up?
At the end of your free banking period, you will automatically go on to the Standard Tariff.
If your business needs change in the 2 years, you can always talk with one of our Business Managers about some of the alternative charging options we have too.
This offer applies to UK businesses when an Royal Bank of Scotland Business Credit Card application has been made within 6 months of opening your Business Current Account.
If you apply for an overdraft of £500 when opening your new business current account, with our startup package, we will waive the arrangement fee for the first 12 months (typically £50).
If you're looking for finance and a loan is the right form of borrowing, we may be able to offer you a business loan which doesn't have a fee to set it up.
Security may be required. Product fees may apply. Over 18s only.
Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.
Our teams of trained Business Managers are here to help. From telling you more about our products & services, to helping identify extra support you may need.
With our Digital Banking service and mobile Business Banking app, you can manage your accounts how and when it suits you.
With Direct Banking, you can speak to a member of staff about your business account 24/7. Or, if you prefer you can select our self-service option.
Digital Banking is available to RBS account holders and our mobile app is available on selected smartphones to RBS customers already registed for Digital Banking with a UK mobile number beginning 07.
0345 300 3915
(Minicom: 0800 404 6160)
Lines are open:
9am - 7pm, Monday to Friday (exc. Bank Holidays)
9am - 2pm on Saturdays
Calls may be recorded.
Accounts in Scotland
0345 600 2230
(Minicom: 0800 404 6160)
Accounts in England & Wales
0345 307 0900
(Minicom: 0800 0681 289)
Lines are open 24 hours, 7 days a week. Calls may be recorded.