Our switch offer: free banking on everyday transactions for 2 years.
Other fees may apply. Eligibility criteria, terms and conditions apply.
To be eligible for 2 years free banking on everyday transactions when you switch:
Your business's projected or existing annual turnover must be below £2m.
You'll need to make a full switch from an eligible business bank account to a NatWest business bank account using the Current Account Switch Service (CASS).
You can't switch a Royal Bank of Scotland or Ulster Bank business current account to NatWest.
If you're not eligible for the offer, you can still use the CASS to switch your account if your turnover is under £6.5m. Find out more about eligibility.
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.
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.
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.
For new businesses with bold ideas
Our account for businesses trading less than a year with turnover of less than £1m.
For established businesses with big ambitions
Our account for businesses with turnover above £1m. Or, for businesses with turnover below £1m who have been trading for over a year.
For charities, clubs, and non-profits
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.
The below tools and products are available to customers and non-customers.
FreeAgent is the Friendliest Software of the Year, Institute of Certified Bookkeepers Luca Awards 2023.
Manage your people anywhere, anytime, on any device with free tools from MentorDigital.**
Our Entrepreneur hub offers a range of programmes and tools, plus you could tap into a network of specialists and peers who could offer help and guidance as you grow.
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. †
*FreeAgent is free for as long as you retain your NatWest business bank account.
**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.
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.