Following Court approval on 23 February 2026, Virgin Money’s business transferred to Nationwide on 2 April 2026. This means that a maximum of £120,000 of your combined eligible deposits with Virgin Money and Nationwide are protected under the Financial Services Compensation Scheme (FSCS).
Business current accounts
Accounts to build your business on
From sole traders to big businesses, find the best account for you – including our Five-Star Rated M Account for Business.
View M Account for Business
Accounts for businesses big or small
M Account for Business
No monthly account fee – plus free day-to-day online banking
For sole traders, startups, partnerships and small businesses with an annual turnover under £1m
- Unlimited 0.25% cashback plus extra rewards on your business debit card purchases*
- Five-Star Rated by Moneyfacts
- Apply online in minutes
- Xero accounting software free for 6 months helps you take control of Making Tax Digital†
Business Current Account
25 months’ fee-free banking for eligible businesses
For small and medium-sized businesses with an annual turnover under £6.5m
- 0.35% cashback plus extra rewards on your business debit card purchases*
- Five-Star Rated by Moneyfacts
- Apply online in minutes
- Xero accounting software free for 6 months helps you take control of Making Tax Digital†
Business Choice Account
For medium and large-sized businesses with an annual turnover over £6.5m
- 0.35% cashback plus extra rewards on your business debit card purchases*
- Discounts on business purchases*
- Xero accounting software free for 6 months helps you take control of Making Tax Digital†
Professional Firms Client Account
For businesses that handle client funds, like solicitors and accountants
- No monthly fee for designated client accounts
- Make unlimited deposits and withdrawals
- Xero accounting software free for 6 months helps you take control of Making Tax Digital†
Special offer
Xero free for 6 months
Get everything you need for Making Tax Digital with our free business accounting software offer.
Fancy free Xero business accounting software for your first 6 months? You can choose from different packages for any size and type of business – whether you’re self-employed or a growing small business.
Using software like Xero can save you time and effort on your business admin. You can even take photos of receipts to instantly manage your expenses.
Just open one of our business current accounts to claim your special offer.
Terms and conditions apply.
View Xero offer
Our Five-Star Rated current accounts
We don't like to brag, but it's good for you to know that our M Account for Business and Business Current Account have been awarded the highest rating from Moneyfacts Group plc of Five Stars based on standout features, which set us apart from the rest of the market.
5 benefits of a business bank account
Opening a business bank account can help you control your cashflow, manage your taxes and even boost your credit rating.
1. Save time and reduce admin
A business current account helps you stay on top of your bills, expenses and customer payments. And with everything in one place, doing your tax return won’t feel such a chore!
You can open an account online, then manage it 24/7 with our app and online banking.
2. Separate your business and personal finances
Using separate personal and business accounts makes it easier to see how well your business is doing.
For added control, you can even open more than one business current account. For example, using one for payroll and one for day-to-day banking.
3. Pay fast. Get cashback!
You can get up to 1% cashback and extra rewards on business purchases with our Business Credit Card and debit cards.**
They’re ready to go with Apple Pay and Google Pay too: giving you fast, flexible payments anytime, anywhere.
4. Integrate with business and accounting tools
Our online bank accounts work seamlessly with business software such as Sage and QuickBooks. This can save time and effort when paying bills, taking payments and running payroll.
And when you open an account, you can get Xero accounting software free for 6 months.† Great for cutting down admin and taking control of Making Tax Digital Link opens in a new window.
5. Boost your credit rating
Having a well-managed business bank account is a great way to build your business credit rating.
This can then make it easier to get a business overdraft or credit card. And if you’re looking to expand or buy equipment, it can help you get a business loan.**
** Credit is subject to status. † Terms and conditions apply.
M Account for Business
The free online account with big benefits: perfect for every type of small business.
- £0 monthly account fee
- Unlimited cashback on debit card spending
- Xero free for 6 months
- Free day-to-day app and online banking
Terms and conditions apply.
Good to know
Are you an existing customer?
All our helpful information that you might need in one place.
Got a question?
See the answers to the questions we get asked the most.
Current account information
The Financial Conduct Authority asks us to share some information about our business current accounts which can be found here.
How to open a business bank account
It takes just a few minutes to apply online for a business bank account.
When you apply, we need some info about you and the setup of your business. And we also need details about:
- what your business does
- any countries you trade with
- your business finances, including turnover
You can find out more about what you need to open a business bank account on the UK Finance website Link opens in a new window.
It takes just 15 minutes†† to apply online for an M Account for Business – our business current account with no monthly fee.
If you’re a sole trader or limited company, it then takes us a couple of days to open your account, post your new debit card, and get everything ready for you to use our online banking.
It can take a bit longer for our other business current accounts, and for applications from partnerships, limited liability partnerships, or charities, societies and clubs.
But whichever account is right for you, we’ll keep you in the loop and let you know if we need any more info.
††15min average for Sole Director Limited Companies and Sole Traders (August 2025 - October 2025).
Your business in your hands
You can manage your account online or in the app. It's packed with super-smart tools to put you in control of your cash.
Read more about online banking and our app
iOS 14.7 or above
Android 8.0 or above
Apple Pay is a trademark of Apple inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries.
Google, Google Play and Google Pay are trademarks of Google LLC.
Banking services built for business
Use our map to find your nearest Virgin Money Branch and the services it offers. You can book a meeting room or request an appointment online.
For everyday banking, find your nearest Post Office or Banking Hub. Need better access to cash in your area? Request a cash assessment from LINK.
Discover banking services near you
Virgin StartUp
We work with Virgin StartUp to provide support, mentoring and training to our customers. They’re all about helping the founders of businesses get up and running and ultimately thriving.
There's meetup events for people thinking of starting up. Masterclasses and Scale Up events are paid for sessions that help owners navigate the trickier subjects like marketing, brand building raising finance and legal or HR challenges.
Discover more