Please note that any data sent via e-mail is not secure and could be read by others. You will need to open a Business Current Account or a Loan Servicing Account. No interest paid on balances over £5,000. Our representative EAR applies to all unsecured overdrafts with a borrowing amount of up to £25,000 for businesses with a turnover of up to £25 million. Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered. To open a Co-operative Bank business account, just follow the easy . We asked customers how likely they would be to recommend their business current account provider to other SMEs. If you are an existing business customer and you require a new account, please contact Business Direct […] All we ask is that you operate your account in credit or within agreed limits. We’ve taken the difficult decision to temporarily stop accepting business account applications from customers looking to switch their banking to us. Your registered business must be in the UK and you should be registered for tax purposes in the UK. Representative example: 5.1% APR based on an assumed unsecured loan amount of £8,000 with 60 monthly repayments of £150.97 at an annual interest rate of 5.0% (fixed). Bank of Scotland Business Account for new businesses. We know the coronavirus situation is a worry, and we’re committed to supporting you and your business through this difficult time. You can track your mortgage only once you’ve received your mortgage reference number from us.. This is so you’re aware of how we use your data and what your options are. Thank you for your understanding at this time. Make sure you understand the small print. We do everything we can to make your first months in business as easy as possible. Open Banking allows you to securely share your bank transaction data with trusted third party providers. This, along with your surname and date of birth, is all you need to login. And now you can log on using your fingerprint or Face ID on compatible devices. You can easily track your application progress with our helpful online tool. Find out what you need to do and how long the process takes. The Royal Bank Business credit card is subject to status and for business use only. Due to FSCS eligibility criteria not all business customers will be covered. Visit the Bank of Scotland Linkedin page. Your registered business must be in the UK and you should be registered for tax purposes in the UK. Eligible deposits with Bank of Scotland plc are protected up to a total of £85,000. We’ve made banking simpler, faster and more intuitive to give you the freedom to do what you do best – run your business. KEEPING YOU SAFE ONLINE We use the latest online security measures to protect your money, your personal information and your … Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. Total amount payable £9,058.20. Free day-to-day business banking includes cheques, standing orders, cash, UK Sterling Direct Debits, deposits and withdrawals. Lloyds Banking Group is a financial services group that incorporates a number of brands including Bank of Scotland. This site is intended for UK residents unless otherwise stated. It is the rate you would pay if you go overdrawn to the full limit of your facility for the entire year. Our business bank account is for businesses that have been trading for a year or more, with a turnover of under £2m. You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action. If a loan is described as having a particular representative APR, then we expect to offer that rate or better to at least 51% of the applicants we accept. Due to FSCS eligibility criteria not all business customers will be covered. 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