Santander Business Current Account

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Running your own business is an extremely exciting prospect, and we want to share in that excitement and help you along the way. So we've designed our Business Current Account for businesses like yours. You choose a simple, fixed monthly fee based on how much cash you deposit each month - the rest of your day-to-day banking is unlimited. Santander Business Banking provides dedicated banking services for customers with an annual turnover of up to £250,000.

For more information or to apply for your Santander Business Account please follow the links provided.

Other current accounts by Santander Business Current Account

AccountInterest (AER)

The account's Annual Equivalent Rate: the interest rate that is paid on in-credit balances over a year. Hover over the red asterisks for more details.

Overdraft Rate (EAR)

The interest or fee that is charged for using the account's overdraft facility.Hover over the red asterisks for more details.

Overdraft buffer

The maximum amount you can go overdrawn without incurring interest fees or penalty charges.

Min Monthly Payment

Some accounts require customers to pay in a certain amount each month. Failure to pay in the agreed amount can result in penalties or loss of account benefits.

Monthly Fee

The amount that the bank charges customers each month to use the account – usually deducted from the account balance every month.

Santander 123 Current Account
  • 1% cashback on water, council tax and Santander mortgage payments
  • 2% cashback on gas and electricity bills
  • 3% cashback on mobile, home phone, broadband and paid for TV packages
3%
  • Interest AER Details
  • 1% AER (variable) interest on balances from £1,000
  • 2% AER (variable) interest on balances from £2,000
  • 3% AER (variable) interest on balances from £3,000 and up to a maximum of £20,000
£1 per day
  • Overdraft Details
  • A Daily Arranged Overdraft Fee of £1 per day capped at 20 days each monthly statement period applies.
£12£500£2MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Age18
Permanent UK Residentyes
Minimum Monthly credit£500
Monthly Fee£2
REVIEW
Representative Example: 0% EAR (variable) Arranged Overdraft. A Daily Arranged Overdraft Fee of £1 per day capped at 20 days each monthly statement period applies. Assumed Arranged Overdraft credit limit: £1,200. Actual amount may differ.

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Other popular current accounts

AccountInterest (AER)

The account's Annual Equivalent Rate: the interest rate that is paid on in-credit balances over a year. Hover over the red asterisks for more details.

Overdraft Rate (EAR)

The interest or fee that is charged for using the account's overdraft facility.Hover over the red asterisks for more details.

Overdraft buffer

The maximum amount you can go overdrawn without incurring interest fees or penalty charges.

Min Monthly Payment

Some accounts require customers to pay in a certain amount each month. Failure to pay in the agreed amount can result in penalties or loss of account benefits.

Monthly Fee

The amount that the bank charges customers each month to use the account – usually deducted from the account balance every month.

Nationwide FlexDirect
  • 5% AER on balances up to £2,500 (conditions apply)
  • Fee-free overdraft for 12 months (subject to approval)
  • Access to special rates and exclusive products
5%
  • Interest AER Details
  • 5.00% AER (4.89% gross p.a.) for in-credit balances up to £2,500 (fixed for the first 12 months) if you pay in at least £1,000 per month.
  • After the first 12 months the rate reverts to 1.00% variable.
  • No interest on balances over £2,500.
0%
  • Overdraft Details
  • Arranged overdraft fees: 0% for the first 12 months
  • 50p per day on balances over £10 thereafter (the first £10 of your arranged overdraft is free)
  • Unarranged overdraft fees: 50p per day on balances up to £10
  • £5 per day on balances over £10 and are capped at £60 per month
  • First time fee refund - Nationwide will refund the first overdraft fees you incur
None£1,000FreeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Age16
Permanent UK ResidentYes
Minimum Monthly credit£1,000
Monthly FeeFree
REVIEW
Representative Example: If you use an arranged overdraft of £1,200 the amount Nationwide will charge you is 50p per day (variable)
Nationwide FlexAccount
  • Free UK & European travel insurance when you pay in £750 per month
  • Discounted personal loans and other Flexclusive product offers
  • No monthly account fee
0%
  • Interest AER Details
  • No interest is paid on in-credit balances on this account
18.90%
  • Overdraft Details
  • Arranged overdraft fees: 0% for the first 3 months (conditions apply)
  • 18.9% EAR (variable) thereafter
  • Unrranged overdraft fees: 18.9% EAR (variable)
  • For every payment that is NOT made over and above your reserve limit, you'll be charged an unpaid transaction fee of £15
  • The total sum of fees (including any paid/unpaid transaction fees) is capped at £75 per statement month
£15NoneFreeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Age18
Permanent UK ResidentYes
Minimum Monthly creditNone (£750 to be eligible for travel insurance)
Monthly FeeFree
REVIEW
Representative Example: If you use an overdraft limit of £1,200 a 18.9% EAR (variable) charge will apply
TSB Classic Plus Account
  • 5% AER on balances up to £2,000
  • To earn 5% AER you must credit your account with £500 each month, register for internet banking, paperless statements and correspondence
  • Rated 5 Star by Defaqto
5%
  • Interest AER Details
  • 5% AER on balances up to £2,000
  • To earn 5% AER you must credit your account with £500 each month, register for internet banking, paperless statements and correspondence.
19.94%
  • Overdraft Details
  • £10 interest-free overdraft buffer
  • If you go overdrawn by more than £10, TSB's Grace Period means that you have until 3.30pm (UK Time) to pay in enough money to avoid any overdraft fees you may incur that day
  • 0% interest on planned overdraft up to £25
  • 19.94% EAR variable and a Monthly Overdraft Usage Fee of £6 apply to amounts of £25 to £1,200
£10£500FreeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Age18
Permanent UK ResidentYes
Minimum Monthly credit£500
Monthly FeeFree
REVIEW
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.94% EAR (Variable)

Our service is free of charge but we may receive a commission from some of the companies we refer you to. These are displayed with a green button.
asteriskAccounts with an asterisks have terms and conditions applied, place your mouse cursor over the asterisk to view the terms.

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Page compiled: 23/11/2014 10:32:21