Santander Business Bank Account

Up to 18 Months Free Banking for Business Start-ups

If you are thinking of starting up or have a new business and need a bank account then the award winning Santander start-up account for businesses with a turnover of less than £250,000 could be for you.

Santander Start-up Extra Business Current Account

Santander business banking logo

The Santander Start-up Extra business bank accounts have been developed from the extremely popular Alliance and Leicester banking account which free and unlimited day to day banking for up to 18 months.

  • 12 months free banking or 18 months if you have a Santander personal account
  • Free telephone and online banking
  • Free access to a local business manager for expert advice
  • Free access to online start-up guides
  • Convenience of banking at Post Office branches
  • Click here for more information and apply online

Get Free Business Banking for Life with a Small Monthly Fee

The new UK Santander Bank offers free business banking forever which is the account taken from the old Abbey Group. Now you can apply for this excellent account online. You'll receive :

  • Completely fee free banking forever
  • Free internet and telephone banking
  • Easy online application
  • Nominal monthly fee covers all charges

An Overview of the Santander Business Current Account

With the new nominal monthly fee you can safely budget your banking each month without any nasty surprises and you can apply for this account online in a matter of minutes.

Here's a summary of what Santander offer on for current customers and those switching for turnovers up to £1 million :

For existing Santander Customers

  • Free business banking for life subject to limits below
  • Nominal monthly fees (between £7.50 and £20)
  • Includes a debit card
  • Free internet banking
  • Free telephone banking
  • Cheque book and regular statements
  • Overdraft available at 5.9% above base rate
  • Interest paid on savings balances

For Businesses Switching to Santander

  • Free day to day business banking subject to limits below
  • Fee free overdraft for a year matched to your current arrangements for the first year
  • Manage your account online
  • Free internet banking
  • Free telephone banking

There are some limits on this free banking offer although there are no such limits when you take an account with Alliance and Leicester (although the same limits apply for cash deposits as with Santander below).

  • All day to day transactions are free except for cash deposits which are covered by a monthly fee as follows :
  • £7.50 monthly fee with free cash deposits of £1,000 then 50p per £100
  • £12.50 monthly fee with free cash deposits of £3,000 then 50p per £100
  • £20.00 monthly fee with free cash deposits of £5,000 then 50p per £100
  • There are no limits on credits via BACS, debit card payments, direct debits, standing orders, bill payments and transfers between your accounts.

Click here to apply for this account online

Other Santander Business Savings Accounts

Santander offer various levels of interest for business savings but the rates are low because of the low base rate. There are two main accounts for deposits and savings as follows:

  • Santander business direct saver account - that pays 0.25% on balances up to £9,999 and 1.00% on deposits of £10,000 and more. This is an instant access account and there are no penalties for withdrawing and you can deposit up to £2 million
  • Fixed rate business bond that pays 2.30% interest on balances of £50,000 to £2 million where you lock the amount away for at least one year. Interest is paid when the bond matures and there are penalties for early withdrawal.

Other Santander Business Banking Services

Santander also offer various other business services as follows:

  • Commercial mortgages where you can borrow from £25,000 to £1 million to buy premises or expand your business. You can choose between variable and fixed interest rates and have a decision normally within 3 days.
  • Vehicle finance for the purchase of new and used vehicles for business purposes
  • Business insurance offered in conjunction with AXA insurance
  • Relationship managers to help you develop your business
  • Merchant services for accepting credit and debit card payments either at your premises or online over the internet.

More About Santander Bank

The Santander Bank is a Spannish bank originally founded in 1857 and in the UK aquired Abbey in 2004, Bradford and Bingley branch network in 2008 and Alliance and Leicester in the same year. Since then Santander is slowly rebranding the first two acquisitions. They are currently the second largest mortgage lender in the UK.


business bank account