If you submitted an application before 28 September we will be in touch. We will update our website as soon as we are able to open accounts for new customers. An individual other than a sole trader or a partner acting on behalf of a partnership. Sorry, we are only accepting Business Current Account applications from existing TSB Personal Current Account customers at this time. Manage your money 24/7 with our Mobile App or our internet Banking service. Our free text alerts service delivers regular account balances and transactions as text messages to your mobile phone. With a TSB business account you can access your money when it's convenient for you: We are only accepting new Bounce Back Loan Scheme applications if you are: Eligible PCA customers need to apply for a TSB BCA before applying for a Bounce Back Loan. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 191240. Starting out or looking for a new bank? Up to £300 cashback each year. Pay no fees on your first £1,000 of sales, Specialist support to help grow your business can be found from Enterprise Nation and Funding Options, Earn one of the best rates on the high street^ and access your money for whatever you need, whenever you need it, with our Business Instant Access savings account, If you’re switching then our dedicated team will make sure the switch goes smoothly, which is also backed by the Current Account Switch Service guarantee. Elsewhere, 25 months of free day-to-day banking is hard to beat. We’ll let you know if we need this. Not all telephone banking services are available 24/7. 9. If you need help with something specific, let us know what it relates to or search a topic. Please find  Discounted monthly fee of £5 for start-ups for 18 months and switchers for 12 months (£12.50 standard monthly fee). Registered in Scotland, no. Click 'Get another Starling account' from the account switch screen in-app and select 'Business account for sole traders'. We're open anytime and anywhere. (Please note that due to the schemes' eligibility criteria not all TSB business customers will be covered by these schemes). If you’d like this in another format such as large print, Braille or audio please ask in branch. Santander. If you don’t already have an account with TSB we won’t be able to accept your application for a Business Current Account. Permanent TSB. * Based on 981 surveys with TSB Business customers conducted by Motif, an independent market research agency, between May and July 2020. We will update our website as soon as we are able to open accounts for new customers. If you have a hearing or speech impairment you can contact us using Text Relay or Textphone on 0345 835 3852 (lines are open 8am – 6pm Monday to Friday, 9am – 2pm Saturdays). Follow our step-by-step tutorial to get back online from the safety of your home. Whatever your growth ambitions, we’re here to help you thrive. The Business Extra account from TSB charges a monthly maintenance fee, and charges for different types of transactions. Fill out the contact information form. †† This includes the use of debit cards to withdraw cash over branch counters and where a bank giro credit is paid using either a debit card or a cheque drawn on your account and processed as cleared funds. Follow our step-by-step tutorial to get back online from the safety of your home. If you maintain an average balance of £10,000 or more during a charging cycle, we won’t charge you the monthly fee. With over 500 branches and access via Post Offices, TSB is a good choice for sole traders who prefer branch service. The scheme will close to applications on 30 November 2020. If you are looking to open a new Business account or apply for a Business loan, simply contact your local branch or call our team on 1890 500 177 (+353 1 2124045) to set-up an appointment to discuss what you will need to open an account.You can also discuss your application for credit with our advisor in advance of submitting an application. Read more about our lending commitments to you (PDF, 400KB). SC95237. key documents and further information on our legal page. If you would like to open a new business account we’re here to help. Explore our Business Internet Banking service, Service Quality Indicators for our Business Current Accounts, Read more about our lending commitments to you (PDF, 400KB), An existing TSB Business (BCA) or Personal Current Account (PCA) customer, and, Your TSB account was open by 11 May 2020, and, You were using the account for your day-to-day business banking needs and you meet the scheme eligibility criteria explained on the. Speak to a Business Advisor by calling 0345 835 3858, You are a sole trader, partner or director, An existing TSB Business (BCA) or Personal Current Account (PCA) customer, and, Your TSB account was open by 11 May 2020, and, You were using the account for your day-to-day business banking needs and you meet the scheme eligibility criteria explained on the. Read more about our lending commitments to you (PDF, 400KB). When you apply for a BCA we will ask you for your 2018-2019 tax return or additional documents, so please have that ready. See our fees for services not covered by free banking. Services that cost us more to process are going to cost you more to use; for instance, writing and accepting cheques. We understand that some smaller businesses may have been using their TSB Personal Current Account for business trade. Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service. 24/7 online and mobile banking. If you’re a sole trader or limited company with no other directors or shareholders, and have had a personal or business product or account with us for at least 6 months, you may be able to open your account over the phone. It will always be updated clearly within the app You must have been trading for a minimum of 18 months to apply for an overdraft. To find out more, including conditions on these schemes visit our Coronavirus Support page. Visit one of over 500 high street branches. CBILS will close to applications on 30 November 2020. To help encourage sole traders to open a business account, TSB is offering customers a free Square Reader (worth £39) to take payments easier on the go. This enables us to support more local businesses right across the UK, and improving customer service in all areas of our banking offer remains a priority to us. Banking on your mobile – check your balance and make payments to existing payees with our Mobile App. This is to allow us to focus on supporting our existing customers through this unprecedented time. MadeSimple will automatically forward your contact details to TSB, and you will be emailed a link to the TSB online application process (within 24 hours of your company being formed). The Countingup business current account is an e-money account provided by Prepay Technologies Ltd (PPT) which is an electronic money institution authorised and regulated by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN … If your business is eligible to apply for a Bounce Back Loan and you’ve been using a TSB Personal Current Account until now, you will need to apply for a TSB Business Current Account (BCA) before applying for a Bounce Back Loan. ... depending on the type of company you run and account you want. In the same list of 14 business current account providers, TSB also ranked 14th for online and mobile banking services and relationship/account management, 12th for SME overdraft and loan services, and 7th for service in-branch. Whether you’re a sole trader or a multi-national, a new business or a long-established society or school, you’ll enjoy dedicated support from our UK-based business specialists. If you did not have a TSB Business Current Account on 1 March 2020, we will need to see additional documents to show your business was trading before then. During the first 6 months you will not be charged for: All we ask is that you operate your account within agreed limits, for example not going overdrawn without prior agreement. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 191240. All LINK machines will give you an on-screen warning of charges, in advance, allowing you to continue or cancel the transaction. Your Business Banking Call Centre is available from 8am to 6pm Monday to Friday and 9am to 2pm Saturday (excluding UK public holidays). ... the Bank of Ireland can allow sole traders to open their account without visiting a branch. Take care of your day-to-day banking when you need to. With our Business Internet Banking service, you can do business at any time of the day or night. An existing TSB Business (BCA) or Personal Current Account (PCA) customer, and Your TSB account was open by 11 May 2020, and You were using the account for your day-to-day business banking needs and you meet the scheme eligibility criteria explained on the Bounce Back Loan Scheme page . However, when my customers are making payments to the account they can now only do this by entering my personal name because of the new account name checking process being rolled out. If you need help with something specific, let us know what it relates to or search a topic. How do I apply? The difficulty in opening a business bank account leads many to continue to use their personal account. TSB Bank plc. Guidance for TSB Personal Banking customers running businesses. Two or more businesses under common ownership or control (including by the same individual or group of individuals) are considered to be a group. You can: Make payments via Faster Payments or BACS, Manage your standing orders and Direct Debits, Export statements into your finance package, Delegate day-to-day banking tasks and much more. Interest on your credit balance. Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service. This is to allow us to focus on supporting our existing customers through this unprecedented time. I opened a Sole Trader account with Starling a few months ago - all good and the payment notifications are very useful. Our new platform continues to deliver real benefits for our business customers, including a new mobile banking app and a market-leading business savings account. Banking at the Post Office - pay in cash and cheques at any Post Office counter. Its 25-month free period is generous, with no fees for cash, cheques, standing orders and direct debits. For now, Starling’s business account is only available if you are a sole trader who already has a Starling personal account; or an owner of a limited company and you are the only person with significant control over it. There is a range of support available for businesses which can be found on the government’s website. 2 We'll waive the £3 monthly maintaining the account fee in any month you pay in £1,500 or more.. 3 Earn monthly credit interest of 0.60% AER Annual Equivalent Rate AER means Annual Equivalent Rate. This could be business transactions in your TSB Personal Current Account or additional documents. The option to choose the TSB business current bank account is presented to you during your company registration. I want a new bank account for my business venture but, as a sole trader, cannot see the benefit of a business account, with its heavy charges, over an ordinary current account. Whether you’re a large multinational, or a sole trader just starting out, you’ll likely find that Ireland offers the infrastructure and support you need to flourish. The owner of any non-TSB cash machines may charge you for their services. You will need to provide a few details such as name, type and address and tell us what your business is. If you don’t already have an account with TSB we won’t be able to accept your application for a Business Current Account. Your Business Banking Call Centre is available from 8am to 6pm Monday to Friday and 9am to 2pm Saturday (excluding UK public holidays). As part of an independent regulatory survey, customers were asked how likely they would be to recommend their business current account provider to other SMEs. 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