Switch to Royal Bank of Scotland | Royal Bank of Scotland

Switch to Royal Bank of Scotland

Looking for better business banking? We’ll help you make a stress-free switch

Apply online

Upgrade your commercial bank

As a business with over £2 million turnover, it can be a big step to change your primary bank. So we’ve made sure that not only is it easy to switch to us, it also makes good business sense. Discover a range of product and service solutions designed to help your business grow, from dedicated sector expertise to tailor-made financing. Let us take the headache out of switching, while you focus on what's important - your business.

A few things to consider when making the switch
What support will I get?

Your Relationship Manager and dedicated switching team are there to support your business every step of the way.

What if my business requirements are a bit unusual?

Your Relationship Manager will work with you to ensure your move to NatWest is as stress-free as possible.

What about the balance on my existing account?

This depends on the switch option you choose. Your Relationship Manager can talk you through the options available.

What if something goes wrong?

On the rare occasion something goes wrong, we’ll correct the error and refund any interest and/or charges on your old or new account.

What about my regular payments?

We’ll transfer your existing standing orders and direct debits to your new accounts for you.

How we’ll help you switch

First, come and talk with one of our Relationship Managers. Tell them what you’re looking for in a bank. They know your sector already. That’s why they can work out how to fulfill your needs and how best to transfer your account to us.

If your business is eligible, you can select the Full Current Account Switch Service. This is covered by the Current Account Switch Guarantee, where you can switch your accounts within seven working days.

If you're not eligible, or prefer not to use the Full Current Account Switch Service, then the Partial Switch Service may suit your requirements. We'll discuss with you the best way of helping your business move to us.

Accordion

Icon expand Switching banks using the Current Account Switch Service (CASS)

 

 

What is CASS?

CASS is an-industry-wide initiative to help a qualifying business, charity or trust switch banks. It operates under a standard process agreed by all participating banks. CASS guarantees that switching from one bank to another is simple and stress-free.

How does CASS work?

There are two options for switching current accounts - Full or Partial Current Account Switch Service.

  • The Full Current Account Switch Service comes with the Current Account Switch Guarantee. We’ll transfer all existing Direct Debits and Standing Orders. We’ll close your old account and transfer your balance. All this within 7 working days of your new account being ready to operate. All payments to/from your old account will be forwarded and redirected.
  • The CASS Guarantee does not cover The Partial Current Account Switch Service. This service will transfer all existing Standing Orders and Direct Debits with an option for balance transfer and/or close your old account.

Both options are explained in more detail below.

What is eligible for CASS?

To be eligible for the Full Current Account Switch Service, your business must be:

  • an enterprise with a turnover of less than or equal to £6.5 million with fewer than 50 employees
  • a charity with an annual income of less than £6.5 million
  • a trust with a net asset value of less than £6.5 million

What if my business doesn't meet these criteria or I prefer not to use CASS?

In some cases, your business may not be eligible to use CASS or you may prefer not to use it. Perhaps you have another type of account which you’d like to switch. We’ll be delighted to discuss your requirements and to agree the best way of making the switch. If your needs are particularly complex, we'll discuss and agree with you the best way to move to us.

Learn more about the Current Account Switch Service
Accordion

Icon expand Full Current Account Switch Service (CASS)

Once your new Royal Bank of Scotland Business Current Account is open and the switching form completed, the switching process can start. We'll switch your account to us, on a switch date agreed with you, within seven working days.

  • The service is free to use.
  • You pick your own switch date. Once everything is ready we’ll transfer all existing standing orders and direct debits for that date.
  • We’ll manage the switch for you, sending a switch request to your existing bank to close the old account.
  • The credit balance on the old account will be transferred to your new account and the old account will be closed. When you have sufficient cleared funds on your new account, we can repay the outstanding balance at the time of the switch.
  • Under the CASS Guarantee, any payments inadvertently credited or debited to your old account will automatically be forwarded to your new account from completion of the switch.
  • If there are any issues in making the switch, we’ll contact you before the agreed switch date.
  • In the unlikely event that anything goes wrong with the switch, we’ll refund any interest (paid or lost) and charges made on either your old or new current account as a result of this failure.

You can only use the full Current Account Switch Service to switch current accounts. Please advise us if you have other types of account.

Learn more about the Current Account Switch Service

Adobe Reader TM
Free software for viewing PDF files

Download now

Accordion

Icon expand Partial Current Acccount Switch Service (CASS)

If you're not eligible for the Full Current Account Switch Service or maybe prefer to keep your old current account open, this service will enable you to move your account to us.

  • This service is free.
  • We'll make all the arrangements to move your regular payments, or only those you wish to transfer, to your new Royal Bank of Scotland account.
  • We'll set up these Standing Orders and Direct Debits on your new account.
  • We'll provide you with letter templates so you can arrange for any regular credits you receive to be paid into your new account.
  • At a later date, if you wish, we can request closure of your old account on your behalf and arrange for the transfer of any remaining credit balance to you new account.

The Current Account Switch Guarantee doesn’t cover the Partial Current Account Switch Service. This service doesn’t cover commercial accounts. It is applicable to business accounts. There’s a 90 day window in which to complete the switch.

You can only use the Partial Current Account Switch Service to switch current accounts. Please let us know if you have other types of account.

We'll help you make a stress-free switch
Switch to Royal Bank of Scotland
Set Tab for lightbox