Business Current Account
Unlock 25 months' free day-to-day banking, Cashback, discounts, smart tools and easy switching with our Five-Star Rated account
After enjoying 25 months' free, you'll automatically start paying £6.50 per month
Here to help your business grow
If you're a new business or just new to Virgin Money, you could qualify for our 25 months' free day-to-day banking offer when you open or switch to this Five-Star Rated business current account.
- Awarded a Five-Star Rating by Moneyfacts plc.
- 25 months' free day-to-day banking.
- Eligible deposits are covered up to £120,000 per business.
- Switching to us is easy. You choose the date, we'll handle the rest.
Business Current Account benefits
No monthly fee
25
months' free
day-to-day banking
With the Business Current Account, you can save on those everyday transactions, giving you more cash to put towards growing your business.
Giving back to your business
0.35%
Business Current Account customers will earn 0.35% Cashback (capped at £500 per calendar year per Debit Card). Terms and exclusions apply. Link opens in a new window
Discounts on business purchases
£££
Mastercard discounts available when you use your Debit Card at selected merchants, including tax software, travel and more. Terms and exclusions apply Link opens in a new window.
A cash limit (paid in, paid out or exchanged) of £250,000 per year applies. Charges for additional services or borrowing charges (as outlined in our Business Banking Tariff Guide are not part of the free day to day banking offer. Excludes international and CHAPS payments.
After enjoying 25 months' free, you'll automatically start paying £6.50 per month.
View qualifying termsTake a closer look at the Business Current Account
Who's it for?
- Start-Ups
- Sole traders
- Limited Companies
- Limited Liability Partnerships
- Partnerships
- Those with an annual turnover less than £6.5million
What does it work with?
- Compatible with Apple and Google Pay
- Can be integrated with SageFrom Business Internet Banking and our app, you can integrate with Sage
- Can be integrated with XeroFrom Business Internet Banking and our app, you can integrate with Xero
- Can be integrated with QuickBooksFrom Business Internet Banking and our app, you can integrate with QuickBooks
- Automated business spending categorisation
What are the features?
- Make free UK bank transfersNo payment charges on UK bank transfers. You can make a domestic bank transfer (we are part of the UK’s Faster Payments network) of up to £30,000 per transaction in your app / on Business Internet Banking
- Mastercard discountsMastercard discounts available when you use your Debit Card at selected merchants, including tax software, travel and more. Savings discounts Terms and Conditions apply
- In-app cheque scanning
- Manage scheduled payments
- Instant payment notifications
- Expert mentoring and guidance from Virgin Startup
- Paper-free statements and most letters
M-Track dashboard
Power up your business data and manage it in one place with our free insights platform.
- Connect with a mix of key business tools.
- Use insights to help dig deeper and plan ahead.
- Access expertise from our business network.
An easy way to track, budget and pay
Show your money who's boss with our business current account tools.
- Manage your ins and outs
- View previous statements. Set up and manage Direct Debits and standing orders.
- Be in the know
- Set your weekly transaction and balance alerts as you like it.
- Tap, touch, ta-da!
- Deposit cheques digitally and pay with Apple Pay and Google Pay.
Good to know
What you'll need to open an account
Together with other UK banks and UK Finance, we've established a basic set of information required to open a new business bank account online.
Switch your current account
Switching to us is straightforward with the Current Account Switch Service. You choose the date you'd like to switch and we'll do the rest.
Protecting your money
Sleep easy with protection on eligible deposits up to £120,000 per business. Provided through the Financial Services Compensation Scheme (FSCS).
How to open a Business Current Account
Check if you can open an account. And find out what you’ll need when you apply.
Check if you're eligible
To open an account, your business needs:
- an annual turnover of less than £6.5m
- an owner, director, senior manager or account signatory aged 18 or over
- to operate and be based in the UK, excluding the Channel Islands, Isle of Man and Northern Ireland
Your business won’t be able to open an account if:
- it has nominee shareholders or bearer shares
- any director has ever been disqualified as a company director
- the person applying for the account is bankrupt
Or if your business is:
- a shell bank
- an unregistered high value dealer
- a business related to medicinal cannabis
- a payment service provider, or plans to register as one
- a bureau de change, money transmitter, cheque cashing agency, or other money services business, as its primary or secondary business activity
- a club, society, unregistered charity, or non-profit organisation, including a community interest company
- involved in, or suspected of, tax evasion or money laundering
- trading with, or operating in, Iran, Syria, North Korea or Crimea (Ukrainian territory)
Bringing Nationwide and Virgin Money together
Virgin Money’s business will become part of Nationwide on 2 April 2026, subject to Court approval.
These changes could impact your protection under the Financial Services Compensation Scheme (FSCS).
Understand what this means for youReady to apply for a Business Current Account?
Before applying please make sure you have read the following documents:
Which account has your name on it?
This isn't the only business current account we can offer you. To help you decide if it's the one for your business, see how it stacks up against the others.
Compare business current accounts