Our business savings accounts have been created for small and medium-sized UK based businesses that have:
- Fewer than 250 employees
- A total balance sheet of less than £36.5m or a turnover of less than £42.5m
- All owners, directors, senior management and account signatories over 18 years old
This account isn't designed for:
- UK pension schemes
- UK public authorities
- Charities, church bodies, places of worship
- Trusts and foundations
- Clubs and societies
Additional eligibility criteria
It's also not suitable for businesses that:
- Operate within sanctioned countries - Iran, Syria, North Korea or Crimea (Ukrainian territory)
- Have an ownership structure with more than three tiers.
- Have bearer shares within their ownership structure.
- Are looking to use the account for money held or received for a client (often known as Client Accounts).
- Are a Relevant Financial Institution under ring-fencing rules.
- Are a shell bank, unlicensed bank or consumer credit agency or Scottish Limited Partnership.
- Undertake money services business as a primary or secondary business activity.
- Facilitate human trafficking.
- Are known or suspected of money laundering or tax evasion