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Switch to a NatWest business bank account

Let us take the headache out of switching

All about switching

If you’re switching your business account from another bank, we can do all the work for you. With a Current Account Switch Service, we’ll move everything from your old account to your new one. And that includes moving Direct Debits and Standing Orders too.

To switch to us, just apply for a business account and tell us you’re switching during the application. Then choose the Switch Service you need, give us your old bank account details and tell us when you want the switch to start.

How do I choose the right switching service?

The service you'll need depends on whether you need to keep your old account open, your eligibility (based on business circumstances), the mandate authorisation with your old bank and whether your old bank is part of the Current Account Switch Service.

  • A Full Current Account Switch Service is done within 7 working days, backed by the Current Account Switch Guarantee (PDF, 40KB)
  • A Partial Current Account Switch Service allows customers to select a date up to 90 days and is not backed by the Current Account Switch Guarantee

You can find out more about each service from the FAQs below, or in our Switching Guide (PDF, 2.3MB).

 

What can I expect to happen with a full switch?

Day 1 and 2

The Current Account Switch Service will contact your old bank and they confirm if the switch can go ahead.

Day 3

Your new account will be set up and regular payments, like your salary will be moved across. We'll also advise you how to set up your bill payments.
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Day 6

We talk to your old bank about transferring your balance over.

Day 7

Your balance will then be transferred and your old account will be closed. And that’s your switch complete.

Start up account

Trading less than a year?

For accounts with turnover of less than £1m

Save money with no transaction fees for the first 18 months (then Standard Tariff applies)

Join a community of other start-up businesses who can help and support*

Access to borrowing options (subject to status) if you need it

 

 

Business account

Trading over a year?

A simple charging model - only pay for certain transactions, unarranged borrowing, international payments and Bankline charges.

A Relationship Manager to look after your business*

Grow your business with our specialist programmes*

Access to borrowing options (subject to status)

 

Community account

Are you a not-for-profit organisation, like a charity or club?

Existing NatWest personal or business banking customers are eligible to apply for free banking if your community account's annual credit turnover is less than £100,000*

Useful cheque and paying in books

Everyday support from texts and email alerts

Make banking easier by authorising up to four individual signatories 

What you’ll need to open an account

Participating providers of UK business bank accounts have agreed to a basic set of information that they will need from you to set up your UK business current account. Find out what you’ll need to provide using the simple business banking checklist from UK Finance, the UK’s leading trade association for financial services.

Useful information for when you switch business bank accounts

Check Third Party Provider permissions before you switch

If you've given permissions to Third Party Providers (TPPs) to make payments on your behalf, or to access your financial data, access to these services won't be transferred automatically to your new account as part of the Current Account Switch Service.

  1. Before you close your old account, check whether you have any TPP permissions set up and if so, who with.
  2. Once your new account is open, you can give your permission to the TPP to access your new account by providing them with your new account details. You'll need to contact the TPP directly yourself to set this up.
  3. If you’re unsure as to whether we’ll support TPP permissions on your account, you’ll need to discuss this ahead of your switch with us and we’ll be able to advise you of this.

Please check our terms and conditions for more information about Third Party Providers.

Something else we can help you with?