Cater Allen Private Bank business bank account comparison and review
Cater Allen Private Bank offers 2 business bank accounts, including an account for charities. There are no monthly or annual account fees to worry about either.

Looking for a business account with low running costs and the ability to hold funds in different currencies? If so, a Cater Allen Private Bank business bank account could be right for you.
To make comparing even easier we came up with the Finder Score. Fees, features and customer service across 20+ of the most popular banks are all weighted and scaled to produce a score out of 10. The higher the score the better the account – simple.
Read the full methodologyDepending on whether or not your business is a charity, there are 2 Cater Allen business bank accounts to choose from:
You can open the Reserve Account if you are a company, sole trader, partnership, or self-employed professional operating through limited company structures such as contractors, consultants, interim managers, freelancers and locums. The account is also available to associations, clubs and societies. The Reserve Account for Charities, as the name implies, is only available to charities.
Account holders must be 18 or older and a UK resident. Accounts are available to existing Cater Allen or Santander UK customers or via Cater Allen registered intermediaries only.
If you are not an existing customer, you will need to contact your financial adviser, accountant or intermediary to apply.
You can usually open an account within 3-5 days, but you will need to provide the following information and documents:
Further information will also be required depending on the type of business you run.
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If you’re looking for a low-cost business account, the Cater Allen Private Bank business accounts are a good place to start. As well as no annual or monthly fees, you’ll also be given a monthly allowance of 30 fee-free day-to-day transactions, making this a competitive offering.
Other advantages include that you can hold funds in pounds, euros and US dollars as well as manage your account online, by phone or by post.
Just remember that unless you’re an existing customer, you’ll need to open the accounts via your financial adviser or intermediary.
If you’re not sure a Cater Allen Private Bank business account is right for you, you can also compare other business bank accounts on the market.
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