From banking online, to banking on your mobile, learn more about the different options we have for managing your bank account with us
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.
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).
Discover the full price comparison for business overdrafts
Before applying, please read our important documents, to understand Business Banking Terms, costs of additional services and what our account charges are, outside of free banking periods
Use Nift, our new tool to help explain your Terms and Conditions
For customers based in Scotland
View your Business Account Terms in Nift
Business Terms:
Royal Bank of Scotland Business Account Terms
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Business charges information:
Download our Business Account Charges
Download our Business Account summarised charges
From banking online, to banking on your mobile, learn more about the different options we have for managing your bank account with us
Already have a business account somewhere else? Learn more about how we could help with your business banking and how switching to us works
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.