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.
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.
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.
You may also need to pay fees for branch service and Post Office service, as well as lodgement and withdrawal fees.
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.
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 Interest is paid on maturity, and the funds can also only be withdrawn once the term is completed.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.
General inquiries: 0345 8509 515
District customer support: 02890 311377
Small businesses: 0345 266 6555
Business investment account: 0345 850 9515
Pros
Cons
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| Telephone support | |
| In-app or live chat | |
| Contact form | |
| Branch support |
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.
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