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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.

  • This offer is only for Limited Companies opening an M Account for Business.
  • Apply online by 11:59pm on Wednesday 30 April.
  • If you're accepted, we’ll put £100 into your account within 30 days of the account opening.
  • The offer is subject to availability, and you can only benefit from this offer once per business.

How to redeem the offer

To be eligible for this offer, enter the code LTD100 at the end of your application, just before you submit. Please read the full Offer Code Terms and Conditions.

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.

View qualifying terms

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
Get started

Good to know

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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.

A guide to the information you need
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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.

Find out how to switch
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Protecting your money

Sleep easy with protection on eligible deposits up to £85,000 per business. Provided through the Financial Services Compensation Scheme (FSCS).

Read the FSCS guide

Check this account's right for you

Is your business eligible? Read the important info

  • Limited Company with up to 10 Directors and/or maximum 4 Ultimate Beneficial Owners
  • Annual turnover of less than £1million
  • Based and operated in the UK
    (excluding Channel islands, Isle of Man & Northern Ireland)
  • Have never been disqualified as a company director
  • Have owners, directors, senior management and account signatories over 18 years old
  • Operate in or trade with Crimea (Ukrainian territory), Iran, North Korea or Syria
  • 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
  • Are a shell bank
  • Have nominee shareholders within the business structure
  • Financial information, including business turnover
  • 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
  • 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
  • Companies House name or registration number
  • Provide information of any Directors, Partners, Members of Senior Management (Chairperson, Chief Executive/Managing Director)
  • The authority to apply for this account on behalf of the business

Ready to apply?

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

Limited company - Continue an application

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.


If you are a Limited Company (with more than 10 Directors and/or more than 4 Ultimate Beneficial Owners), Sole Trader, Partnership, Limited Liability Partnership, Charity, Club or a Society, you are not eligible for this offer but can still open an account.


View our range of business current accounts

Which business bank 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 accounts