Startup Business Bank Account | Royal Bank of Scotland

Bank accounts for business startups

Starting a new business?

Our startup package could help you get started

Business Banking is available to those aged 18 or over

Our startup package is available to businesses that have been trading less
than a year and have a projected, or existing, annual turnover under £1m


What if the business you're starting, has an expected annual turnover of over £1m?

Looking for a current account for your not for profit organisation?

Helping your startup business, get started!

2 years free business banking

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 wont 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 Published Tariff.

If your business needs change in the 2 years, you can always talk to us, about some of the alternative charging options we have too.

No annual fee for the Royal Bank of Scotland Business Credit Card for the first 12 months

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.


  • The annual fee is normally £32 per each card issued

  • To apply for the Royal Bank of Scotland Business Credit Card, you must be a UK resident aged 18 or over.

  • 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 juridictions.

  • Royal Bank of Scotland Business Credit Card is subject to status and for business use only

Learn more about the Business Credit Card

You could also apply for an arrangement fee-free overdraft facility of £500

To give you the option of some extra help with your cash-flow, our startup package gives you the chance to apply for an overdraft when you're opening your business current account (if you're eligible).


If you applied for a £500 limit and were succesful, there wouldn't be an arrangement fee for the first 12 months. Typically this would be £50.


Important information

For the £500 overdraft startup offer - we do charge interest on monies borrowed at a fixed rate of 6.5% for the

initial agreement period (subject to status).


  • Overdraft facility is subject to application and approval.

  • Overdrafts are for over 18's only

  • £50 annual fee applies after the 12 month period subject to agreement on renewing overdraft

Discover the full price comparison for business overdrafts




Applications for our fee free business credit card or £500 overdraft offer, are subject to approval
and Royal Bank of Scotland reserves the right to change or withdraw the startup offer without prior notice.

If you apply for any other credit facilities, security may be required and product fees may apply.



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FreeAgent is a free cloud based business account software, integrated with your bank account. More than 50,000 small businesses and freelancers use FreeAgents software to manage and maintain their business accounts.

Service is currently free to Royal Bank customers. To qualify you need to share your FreeAgent information with us. Read more and give your permission on the sign up page. 

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