Depending on the type of business you run and how long it has been operating you can choose from 3 different business accounts:
It’s easy and straightforward to apply for a business account on the RBS website. You’ll need to be aged 18 or over, and be the owner or director of the business you’re applying on behalf of.
Information and documents required include:
If you’re after a well-known high-street brand, with the option of banking online and by phone, an RBS business account could be right for you.
If you’re a new business, the startup account offers some much-needed breathing space by waiving banking fees for the first 2 years. Charities can also benefit from fee-free banking, providing they don’t earn more than £100,000 a year.
However, if you don’t qualify for free banking, fees can quickly rack up, so it’s worth comparing what other business bank accounts are available before making your decision.
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