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.
Awarded a Five Star Rating by Moneyfacts plc.
No monthly fee and free day-to-day online business banking.
Eligible deposits are covered up to £85,000 per business.
Switching to us is easy. You choose the date, we'll handle the rest.
The M Account for Business is an easy-to-use online business bank account, complete with money management tools. All with no monthly fee and free day-to-day digital banking.
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
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 for a business bank account?
Before applying for a business bank account, please make sure you have read the following documents:
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.