Start up bank account

Most banks add a service charge for the day to day running of a business account. We don’t. But you will pay for unarranged borrowing, additional services and Bankline charges. At the end of the 18 months, you’ll go on to our Standard Published Tariff.

Free banking applies to businesses that started trading within the past twelve months with projected or existing annual turnover not exceeding £1 million. 

Over 50,000 small businesses and freelancers use FreeAgent software

This software was the winner of the “Best Financial Services Product or Service” by ScotlandIS in April 2017. It lets you manage and maintain your business accounts, create and send invoices, track time, log expenses and forecast your tax bills.

It’s specifically designed for small businesses and freelancers. In a recent survey, 9 out of 10 customers said that using FreeAgent made them feel more relaxed about their business finances.

What you should know

The service is currently free to NatWest customers. To qualify for this access you need to agree to share your FreeAgent information with NatWest.

No annual card fee for the first year, this is normally £30 per card issued. 

We won't charge an annual fee after the first year if you spend £6000 or more every year from account opening. 

What you should know

To apply for a NatWest Business credit card, you must be a UK resident aged 18 or over and maintain a business bank account in the same legal entity name with NatWest.  Your registered business must be in the UK and you should be registered for tax purposes in the UK. The NatWest Business credit card is subject to status and for business use only.

Applications for our Business credit card are subject to approval. If you apply for any other credit facilities, security may be required and product fees may apply.

Find out more about our Business credit cards

NatWest’s Business Reserve instant account allows you to earn interest while having immediate access to your business savings. If you’re able to lock away your spare cash for 35 or 95 days at a time, you can earn a higher interest rate with the NatWest Liquidity Manager Notice Account.

Find out more and apply for a Business Reserve account

NatWest Online Banking lets you carry our most of your day-to-day banking activities and view up to 7 years of transactions. 

Alternatively, use Telephone Banking and speak with one of our UK based advisors. Our lines are open 24/7, 365 days a year.

What you should know

Online Banking is available to NatWest account holders. To make a payment using our Telephone Banking service you need to be fully enrolled for security purposes.

Our app lets you view your accounts, check recent transactions and make payments.

What you should know

You must have a NatWest business bank account to use our mobile app. The Mobile App is available to Online Banking customers with a UK or international mobile number in specific countries.

Our Business current account supports your day to day banking needs. You can set up Direct Debits for utility payments and Standing Orders to make regular payments to suppliers etc. You can have a chequebook if you need one and you can also set up text alerts.

What are text alerts?

Text alerts are a great way of keeping tabs on your account. You can get a text alert to let you know when your balance is about to go below a certain limit, or to let you know what your balance is at a specific time.  You can set them up when you fill in the online application form or in our Mobile Banking app.

What you should know

Cash withdrawals and cheques have charges attached to them. Please read our Business Account Charges for full information

The Business current account does not pay interest on balances. You might also need a Deposit account if you are likely to hold spare funds. We can set up an automatic transfer to move money between accounts, to maximise your spare funds

Any balances over £85,000 are not covered by the Financial Services Compensation Scheme.

Store receipts as proof of purchase or warranty, handy if you want to return anything

Helpful when completing tax returns or sharing expenses with your accountant

Categorise spend in separate folders, tracking total spend

Learn more about Receipt Management

Mobile App available to Online Banking customers with a UK or international mobile number in specific countries. This service is available to Premier & Business Banking customers only. Available on iOS (9 and above) and Android (4.4 and above).

To find out more about the charges involved check out our charges pages:

Business account charges booklet (PDF, 137kb)

Summarised business account charges booklet (PDF, 81kb)

Switching bank accounts is really easy. Just look out for the question in the online application that asks if you want to use our Switching Service.

Our Switching Service will move everything across from your old account to your new NatWest account, including Direct Debits, standing orders etc., within 7 working days. It’s completely free and is backed by an industry-wide guarantee to ensure the move goes smoothly. The switching offer doesn’t include any fees you may have to pay to end any arrangements with your existing bank.   

Learn more about the Current Account Switch Service