Danske Bank business banking review

Danske Bank provides business banking and investment accounts for large businesses, charities and community organisations.

Danske Bank

Danske Bank is a Danish bank that also offers business bank accounts in the UK. In this guide, you’ll learn all you need to know about Danske Bank business accounts and how they compare to other options.

Compare Danske Bank’s business accounts

Name Product Account fee Bank transfers Requires credit check Arranged overdraft Accounting integrations Account management Key benefits Business bottom txt Link
Danske Small Business Digital
£9 per month
Free
N/A
Branch, online, app & phone
View details
Danske Small Business
£14 per month
Free
N/A
Branch, online, app & phone
View details
Danske Charity Account
£2.50 per month
Free
N/A
Branch, online, app & phone
View details
loading

What is Danske Bank business banking?

Danske Bank provides business banking options for companies of all sizes, as well as specialised accounts for charities and community organisations. It offers business current accounts, savings accounts, business credit and debit cards, forex and business finance.

As well as its online banking platform District, Danske Bank also has business centres to handle small and medium-sized businesses, and a corporate team dedicated to large businesses.

How does Danske Bank business banking work?

Danske Bank District

District is Danske Bank’s online business banking platform that lets business customers access and manage their business accounts, including viewing transactions and making payments and transfers. You can also use District to transfer your invoices and files into your accounting software program and contact the bank directly.

Danske Bank business banking features

  • Free Mastercard debit card
  • Cash management tools
  • Deposit accounts
  • Dedicated advisers
  • Overdraft option
  • Online, mobile and phone banking
  • Business credit card options

Danske Bank business banking fees

Danske Large Business account
  • District access fee: £10 per month
  • Online payment fees: £0.40/£0.70 per transaction
  • Monthly account fee: £7
  • Automated transaction fee: £0.45
Danske Small Business account
  • District access fee: Free
  • Online payment fees: £0.05 per transaction
  • Monthly account fee: £14
  • Automated transaction fee: £0.10
Danske Small Business account (digital-only)
  • District access fee: Free
  • Online payment fees: Free
  • Monthly account fee: £9
  • Automated transaction fee: Free

You may also need to pay fees for branch service and Post Office service, as well as lodgement and withdrawal fees.

Danske Bank savings accounts

Danske business investment account

This is an instant access savings account that lets you earn interest on your surplus cash while retaining access to it whenever you need it. Interest is calculated daily and applied on a quarterly basis, and you can access the funds in the account at any time using online banking. The account has a minimum balance of £1, with no maximum balance limits.

Danske fixed term deposit account

The Danske fixed term savings account lets you invest from £5,000 for a variety of fixed terms, provided you also maintain a Danske business current account or investment account. Interest is paid on maturity, and the funds can also only be withdrawn once the term is completed.

You can get a fixed term deposit for a period of one week up to a maximum of five years.

Danske Bank business banking contact details

General inquiries: 0345 8509 515

District customer support: 02890 311377

Small businesses: 0345 266 6555

Business investment account: 0345 850 9515

Pros and cons of Danske Bank business banking

Pros

  • Advanced online business banking platform (District).
  • Business credit card options.
  • Linked savings and investment accounts available.

Cons

  • Monthly fees for the account and to access the District online banking portal.
  • Might be more suited to larger businesses.
  • No British branch network.

Customer service information for Danske Bank

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Our verdict

Companies of all sizes can bank with Danske Bank, but its offerings are probably more skewed towards larger businesses. The Denmark-headquartered bank doesn’t operate a branch network in Great Britain, although it does have dedicated business support telephone lines, and it operates a specialist business banking online platform called District. However, there is a £10 monthly fee for large business customers to access District, on top of the £7 monthly account fee and other transaction charges.

Get started by visiting Danske Bank’s website and sign up for an account. If you have read this review and decided that Danske Bank’s account is not for you, you can also compare other business bank accounts on the market.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

More guides on Finder

Go to site