Unity Trust Bank business banking review
Discover the pros and cons of Unity business accounts and how they compare to other available business banking options.

Unity Trust Bank is a socially responsible commercial bank. If you’re using this bank, you can be confident that your finances are being used to fund helpful projects in your local community.
It offers current accounts and savings accounts to businesses, as well as business loans.
Business owners can apply for a current account or savings account.
The Unity Current Account is a business account with 3 different tiers depending on your company annual turnover. There is a £6 monthly fee for each tier.
Businesses with an annual turnover of under £100,000 can open the T1 account which charges no transaction fees, while those with a turnover of between £100,000 and £2 million can open the T2 account which charges 15p for each banking transaction.
If you’re a business with an annual turnover of more than £2 million, you can open the T3 account. You’ll pay a range of different transaction costs but you’ll also benefit from a relationship manager.
All businesses can pay money into the Post Office, NatWest, RBS and Ulster Bank. You’ll also get a Corporate MultiPay card which is a charge card that allows you and your team members to make purchases online and instore. You can set individual spending limits for each cardholder.
Unity Trust Bank offers an instant-access account, and a range of fixed term deposit accounts.
There is no minimum or maximum deposit requirement for the instant-access account.
To open a fixed term account, you’ll need to deposit at least £500,000 and be prepared to lock it away for a set period. You can choose from 30 and 90-day terms, as well as 6 and 12 months.
You can apply for an account on the Unity Trust Bank website. Simply choose your account and the click on the “Apply now” button.
Alternatively, scroll to the bottom of the page and click the “Switch today” button. Unity Trust Bank is part of the Current Account Switch Service that guarantees a seamless switch within 7 days.
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It’s great that Unity Trust Bank has committed to funding socially responsible projects, and the monthly fee for the business bank account is relatively low. But overall, there aren’t that many perks available with its business banking products – there are no budgeting or invoicing tools, for example.
There are many business bank accounts out there, so do your research before you commit you and your business to just one. See our guide to the best business bank accounts to find one that suits you best.
Get started by visiting Unity Trust Bank’s website and sign up for an account. If you have read this review and decided that Unity Trust Bank’s account is not for you, you can also compare other business bank accounts on the market.
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