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An online business bank account for all the upstarts

Designed for businesses with a turnover of less than £1million, the M Account for Business is a Five Star Rated online business bank account that gives you free digital banking for all your everyday needs.

QuickBooks and Xero

3 months of QuickBooks or Xero fee-free

Terms and conditions apply

View offer

3 months of QuickBooks or Xero fee-free. T&Cs apply

View offer

A closer look at our online business bank account

Who's it for?

  • Start-Ups
  • Sole traders
  • Limited Companies
  • Limited Liability Partnerships
  • Partnerships
  • Those with an annual turnover less than £1million

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.
Find out more

The serious bits

What you'll need to apply for a Business Account online
Alongside other UK banks and UK Finance, we've agreed to a basic set of information that you'll need to supply to set up your new business bank account online. This simple guide will help you work out what information you need.

View the guide Link opens in a new window
Our switch guarantee
Switching your business bank account 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.
Current Account Switch Guarantee logo
More on switching
Protecting your money
Your eligible deposits with Virgin Money are covered up to £85,000 per business.
FSCS protected logo
View the FSCS guarantee

Check this account's right for you

Is your business eligible? Read the important info

  • Annual turnover of less than £1million
  • Based and operated in the UK
    (excluding Channel islands, Isle of Man & Northern Ireland)
  • Have owners, directors, senior management and account signatories over 18 years old
  • Not currently bankrupt
  • Have never been disqualified as a company director
  • Operate in or trade with Crimea (Ukrainian territory), Iran, North Korea or Syria
  • Are a shell bank
  • Undertake money services business as a primary or secondary business activity (e.g. bureau de change, money transmitters and cheque encashment agencies)
  • Are a medicinal cannabis related business
  • Are an unregistered high value dealer
  • Have nominee shareholders within the business structure
  • Financial information, including business turnover
  • Companies House name or registration number
    (If applicable to your business)
  • Three years of personal address history for anyone you want to operate and use this account, plus anyone who owns or controls 25% or greater of the business
  • If your business is a Limited Company, Partnership or a Limited Liability Partnership, we'll also need this information for any Directors, Partners, Members of Senior Management (Chairperson, Chief Executive/Managing Director)
  • The authority to apply for this account on behalf of the business
  • A business email and mobile phone number
  • You may need to provide a live selfie and an identity document to confirm who you are with our identity partners Mitek
  • If proof of trading is not provided at outset it must be as soon as information becomes available, within 6 months or your account is at risk of being closed

Ready to apply?

Before applying please make sure you have read the following documents:

Please select one of the following:
We'll need to do a Companies House search to find your business. If your business is newly registered it can take up to 72 hours for their records to be updated, so you may need to come back later.

We'll need to do a Companies House search to find your business. If your business is newly registered it can take up to 72 hours for their records to be updated, so you may need to come back later.

Do you have a business partnership agreement?

You don't need to have a partnership agreement to open an account but a well worded agreement can really help minimise disruption to the operation of your partnership account on a change of partners.

Have a look at our helpful partnership agreement guide for more information.


An easy way to track, budget and pay

Show your money who's boss with our super-smart online business banking 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.

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