Startup Business Bank Account | NatWest

Startup Business Bank Account

Starting a new business?

Our startup package could help you get started

Start a new application

Just to double check before you continue

Please make sure you've read this important information about our 18 months free 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 18 months.


What isn't included?

Charges for “Unarranged Borrowing”, “Additional Services” & “Bankline Charges” are not part of the free banking offer.

 

What happens when the 18 months 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 18 months, you can always talk to us, about some of the alternative charging options we have too.

  

Applications for our fee free business credit card or £500 overdraft offer, are subject to approval and NatWest 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.


Please now choose your type of business

(So we can tell you the type of information we may need and direct you to the right application)

Continue a saved application

Continue your saved online application

Recently saved your online business account application?

You can continue your application by logging back in using
the email address and password you signed up with.

Did you apply online as a Limited Company?

Right now you can only continue your online application between:
                      
                   07:00 - 23.15 Monday - Saturday
09.00 - 17.15 Sunday  

This is because one of the services we use to check your Company Details does not yet run outside these times.          

                  

Continue

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

Helping your startup business, get started!

18 months 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 18 months.

 

What isn't included?

 

Charges for “Unarranged Borrowing”, “Additional Services” & “Bankline Charges” are not part of the free banking offer.

 

What happens when the 18 months 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 18 months, you can always talk to us, about some of the alternative charging options we have too.

No annual fee for the NatWest Business Credit Card for the first 12 months

This offer applies to UK businesses when an NatWest 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 NatWest 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.

  • NatWest 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

 

 

 

Applications for our fee free business credit card or £500 overdraft offer, are subject to approval
and NatWest 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.


 

                                 

Entrepreneurial Spark 

Entrepreneurial Spark is the world’s largest free business accelerator for early stage and growing ventures.

As a key ambassador, we've opened our own doors, to help!

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Support for your business

Business Matters

Women in business

Financial Healthcheck
Add your signposting title here… Call us to book your Healthcheck

To arrange your free Financial Healthcheck please either contact your Business Manager directly or call us on 0345 7114477.

Looking to switch to NatWest?

Already have a business account somewhere else? Learn more about how we could help with your business banking and how switching to us works

Learn more about switching

Ready to apply?

        

Start a new application
Continue a saved application

Continue your saved online application

Recently saved your online business account application?

You can continue your application by logging back in using
the email address and password you signed up with.

Did you apply online as a Limited Company?

Right now you can only continue your online application between:
                      
                   07:00 - 23.15 Monday - Saturday
09.00 - 17.15 Sunday  

This is because one of the services we use to check your Company Details does not yet run outside these times.          

                  

Continue
Not sure if this is the right account for your business?
Not sure what the right business account for you is?

The below table should help you understand which one of our business bank accounts is best for your current business, based on the age of your business and what your forecasted or existing annual turnover is.

New Business
(Trading less than a year)
_______________________

 

Projected turnover of under £1m:

Startup Package

Projected or existing turnover between £1m-£2m:

Business Current Account

Projected or existing turnover of £2m or over:

Commercial Current Account

Existing Business
(Trading more than a year)
________________________

 

Projected turnover of under £1m:

Business Current Account

Projected or existing turnover between £1m-£2m:

Business Current Account

Projected or existing turnover of £2m or over:

Commercial Current Account

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