By choosing a business bank account from RBS, you’ll be able to take advantage of free online accounting software and 24/7 digital banking and phone banking. New businesses and charities can also enjoy fee-free banking. Let’s find out more.
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.
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What types of business accounts are on offer?
Depending on the type of business you run and how long it has been operating you can choose from 3 different business accounts:
Startup account. For businesses that have been trading less than a year and have turnover of less than £1 million. There are no transaction fees for the first 24 months and you’ll have access to business support and networking events.
Business account. For established businesses that have been trading for over a year. You’ll have access to a dedicated relationship manager and specialised programmes to grow your business. There’s no minimum monthly charge – you just pay for what you use.
Community account. For not-for-profit organisations such as charities or clubs. Free banking if your annual turnover is less than £100,000.
How to apply
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:
Your personal details, proof of ID and proof of address.
3 years of address history.
Details of all the partners, members or directors of the business, including their home addresses for the past 3 years.
Business details, including your turnover and tax information and your company’s Registration Number if you’re a limited company.
Pros and cons of RBS business accounts
Pros
Fees are waived for the first 2 years if you’re a startup, while charities can benefit from fee-free transactions if they earn less than £100,000 a year.
No monthly minimum fees – you’ll only be charged for what you use.
Access to free online accounting software.
Option to apply for an overdraft facility and business credit card.
Access to online and mobile banking.
Cons
If you don’t qualify for fee-free transactions, everyday banking can become expensive.
On the Apple App Store, RBS scored 4.8 out of 5 based on over 184,000 reviews. On the Google Play Store, RBS has scored 4.7 out of 5 based on over 101,000 reviews (April 2025).
Our verdict
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.
Frequently asked questions
You will need to be at least 18 years old and the owner or director of the business. Your registered business address must be in the UK, Channel Islands, Isle of Man or Gibraltar or you should be registered for tax purposes in 1 of those jurisdictions. You must also not have been declared bankrupt or received a County Court Judgment or Court Decree.
No, you won't earn interest on your business account balance.
You can manage your account online, via your mobile or by phone – telephone lines are open 24/7, 365 days a year.
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Rachel Wait is a freelance journalist and has been writing about personal finance for more than a decade, covering everything from insurance to mortgages. She has written for a range of personal finance websites and national newspapers, including The Observer, The Mail on Sunday, The Sun and the Evening Standard. Rachel is a keen baker in her spare time. See full bio
Nick Renaud-Komiya has been a writer and reporter for nine years, covering a range of consumer issues from energy suppliers to banking and mortgage issues. He enjoys helping people take control of their personal finances and better understand their consumer rights. Nick’s consumer writing and money journalism has been featured in a range of outlets including MoneySavingExpert.com, The Sunday Mirror, The Independent and Money.co.uk. Outside of work Nick enjoys cooking and collecting old David Bowie merch. See full bio
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