Our most popular business bank account
M Account for Business
Unlock free online business banking, cashback, discounts, smart tools and easy switching with our Five-Star Rated business bank account
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.
M Account for Business eligibility- No monthly fee and free online business banking
- 0.25% cashback on debit card purchases
- Fast digital sign up
- Five-Star Rated by Moneyfacts
Featured business bank account benefits
No monthly fee
£0
per month
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.
Boost your Cashback
0.25%
M Account for Business customers will earn 0.25% Cashback on debit card purchases. Terms and exclusions apply. Link opens in a new window
Nail our trades offer
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0.5% cashback
Earn 0.5% cashback on trade and home improvement store spending and 0.25% on everything else – with no limit on the amount of cashback you can get.
15% off mobile and gadget insurance
Save on cover for up to two devices with Protect Your Bubble.
10% off business insurance
Save on Superscript business insurance, including public liability, tool cover and more. Plus get free commercial legal protection when you take out a new policy.
10% off business breakdown cover
Save 10% on cover for your first 12 months with Green Flag Business breakdown cover.
No set-up fee on asset finance
Save on our business asset finance with no set-up fee.
Coffee on us!
Get a £4 Costa Coffee voucher every month for 12 months.
Start a trades application
Terms and conditions apply
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.
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 £85,000 per business. Provided through the Financial Services Compensation Scheme (FSCS).
How to open an M Account for Business
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 £1m
- 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
- 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 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
- 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 youApply for an account
Open an M Account for Business to get free online banking, cashback, smart tools and more…
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.