Business less than a year old?
Our account for businesses trading less than a year with turnover of less than £1m.
Our switch offer: free banking on everyday transactions for 2 years
You're eligible for the switch offer if:
Your business's projected or existing annual turnover is below £2m.
You make a full switch to a NatWest business bank account using the Current Account Switch Service (CASS).
Switch offer is not available to customers switching a Royal Bank of Scotland or Ulster Bank business current account to NatWest.
Check if your current bank participates in CASS.
If you're not eligible for the free banking offer, you can still use the CASS to switch your account if your turnover is under £6.5m. Find out more about eligibility.
Free banking means the charges for the day to day running of your account (known as your service charges) won’t apply during the free banking period. At the end of this period, you’ll be automatically moved to the Standard Tariff. Charges for unarranged overdrafts, Bankline, international payments and any additional services are not part of the free banking offer. For details of our full charges and switcher offer eligibility criteria, please refer to the 'Info about charges' section of this page. CASS is not currently available for Mettle accounts.
The Current Account Switch Service will do all the work for you, moving everything across from your old account to your new account, including Direct Debits and Standing Orders, all within 7 working days.
Current Account Switch Guarantee (PDF, 40KB)
Your Guide to switching your account to us (PDF, 2.3MB)
We won't switch any standing orders with a frequency over a year into the new account. Once your account's open, you'll be able to set up standing orders with a frequency of up to 1 year.
When we receive your switch form, the Current Account Switch Service will contact your old bank and confirm if the switch can go ahead. Once they confirm it can, your 7-day switch will start.
Your regular payments will be moved across. We'll reach out to confirm, and advise you how to set up your bill payments.
The below products are available to eligible customers, over 18 who have the right to be self employed in the UK. Specific account and service eligibility criteria apply.
Our account for businesses trading less than a year with turnover of less than £1m.
Our account for businesses with turnover above £1m. Or, for businesses with turnover below £1m who have been trading for over a year.
Existing NatWest personal or business banking customers are eligible for free banking if your community account's annual credit turnover is less than £100,000 and remains at this level.
Log in and check the status of your application in our online application centre
Use the same details that you created when you applied for your business account. If you haven’t already set up access to your online application centre, you can create a login now
These tools and products are available to customers and non-customers.
Manage your people anywhere, anytime, on any device with free tools from MentorDigital.*
Join our Business Builder community to access online modules and events.
Our savings accounts could help you earn more interest and plan for your business's future.
NatWest Tap to Pay from Tyl by NatWest is an exciting way to take contactless payments from your customers with just your iPhone or Android smartphone. No need for card machines, as everything is app-based on the device you use everyday. Tap to Pay is Wi-Fi and network-ready too, making it seamless and super reliable. †
*MentorDigital is subject to app store availability and phone network access. Network provider charges may apply. Some Mentor services incur a cost.
†To be eligible for Tyl by NatWest your business must be based in the UK, and you must be over 18. No monthly hire or PCI fees for Tap to Pay. Transaction fees and limits apply. Some contactless cards not accepted. Users may be charged for data usage by their network operator. Available on iPhone XS or later with iOS 16.4 or later and Android OS 10 or later (base OS 8.1+) with Google Services and NFC. Subject to Tyl eligibility criteria and terms and conditions.
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.
At the end of your 2-year free banking period, you'll move on to our Standard Tarrif, with no minimum monthly charge.
Business Account Charges booklet (PDF, 80KB)
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.
You can find out more about each service from the FAQs below, or in our Switching Guide (PDF, 2.3MB).
If you've given permissions to Third Party Providers (TPPs) - such as financial comparison websites, money management apps and payment services - 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.
Please check our terms and conditions for more information about Third Party Providers.
You can find more information, like whether your current bank participates in the service, on the Current Account Switch Service website.
You’ll need to:
We’ll validate your application the day we receive it, and if we have all the information we need, we’ll start your switch process.
If we need more information to start the switch, we’ll get in touch with you.
If you need an update on the progress of your switch, you can give us a call:
0345 711 4477
+44 870 511 4477 from outside the UK
18001 0345 711 4477 for Relay UK
Calls may be recorded.
To see how much your call might cost, visit the call charge information page.
For more information on accessibility visit our accessibility page.
The criteria for the two switching services are different.
Full switch using the Current Account Switch Service
Your entity needs to be a small business:
Partial switch
This is when you:
To receive the 2-year free banking offer, you'll need:
If your turnover is above £2m, you can still use CASS to switch your account to NatWest as long as you meet the criteria above, but you won't be eligible for free banking.
We won't switch any standing orders with a frequency over a year into the new account. Once your account's open, you'll be able to set up standing orders with a frequency of up to 1 year.
We won't switch any standing orders with a frequency over a year into the new account. Once your account's open, you'll be able to set up standing orders with a frequency of up to 1 year.
We won't switch any standing orders with a frequency over a year into the new account. Once your account's open, you'll be able to set up standing orders with a frequency of up to 1 year.
Sole traders:
If you’re starting a switch, your Debit card with your old bank needs to be:
A number of different things could prevent your switch from happening, such as; you haven’t met all the switching criteria, or if you’ve given the wrong details about your old account.
Yes, if you've already opened a NatWest business account you can use the Current Account Switch Service to complete a full switch of a business account you hold elsewhere. You also may still be eligible for our 2 years free banking switch offer if you choose to make a full switch.
Give us a call and we'll help you get started:
0345 711 4477
+44 870 511 4477 from outside the UK
18001 0345 711 4477 for Relay UK
Calls may be recorded.
To see how much your call might cost, visit the call charge information page.
For more information on accessibility visit our accessibility page.
Yes, however you will need to discuss an overdraft facility with us first. Depending on the lending criteria and your credit status, you might be eligible for the overdraft.
To find out more use our Eligibility checker.