Why switch?

Cloud
Business bank accounts are not all the same – it pays to find the bank that works best for you. Here are some things to consider.

Manage your money

What are the limits on ATM withdrawals and cash deposits?

Does the account offer bookkeeping tools to manage invoices, payroll and taxes?

Will the account inform you about payment due dates to avoid charges?

Charges & rates

Do they offer free card processing devices, saving you money on sourcing from a third party?

What are their overdraft charges and interest rates?

Do they offer free currency exchange when transferring money abroad?

Support & advice

Does the account offer access to insightful experts who can help you with day-to-day business issues?

Does it offer relationship managers who can provide long-term support and advice?

Compare bank service levels

The Competition and Markets Authority (CMA) publishes independent data
that enables people to compare banks' service levels.

Annually, an independent survey polls 1200 customers of each of the 16 largest business current account providers in Great Britain and approximately 600 customers of each of the 5 largest providers in Northern Ireland if they would recommend their provider to other small and medium-sized enterprises (SMEs).

 

 

Thinking of switching? See what others are saying.

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You choose your switch date

You can choose and agree a switch date with your new bank or building society. Just make sure you allow seven working days for the switch to take place and that your chosen date isn't a Saturday, Sunday or Bank Holiday.

Consider the benefits of switching

Answer a few quick questions and get a personalised checklist of things to consider when deciding whether or not to switch your bank account.

Any questions?

See some of the most commonly asked questions about switching.