HAS YOUR BUSINESS OUTGROWN YOUR BANK?

When standard business banking starts to feel like a ceiling rather than a foundation, it may be time for something different. OakNorth was designed for fast-growing businesses that need more flexibility, more expertise, and a bank that can keep pace with their ambitions.

Built for UK companies with £1m+ turnover, £1m+ in assets, or a minimum £100k deposit.

Check if you're eligible Prefer to see if first? Book a demo

Your business has outgrown your bank. We built OakNorth for exactly this moment.

As businesses grow, their banking needs often become more complex. What worked in the early days may no longer provide the flexibility, support or scalability required to move forward with confidence.

That’s the gap OakNorth was built to fill.

Founded in 2015 by entrepreneurs who experienced this frustration first-hand, we combine the agility and technology of a digital bank with the security, expertise and personalised service your business actually needs at this stage.

We call it banking for the “Missing Middle” — and if you’re reading this, you’re probably in it.

Everything a scaling business needs. Nothing you don't.

Open in days, not months

Apply in under 10 minutes. We'll normally have you up and running in days – not the weeks or months you've come to expect from the traditional high street banks. Scaling businesses can't afford to wait.

Multi-company accounts under one login

Running multiple entities? Manage all your businesses from a single dashboard at no extra cost. Switch between companies, track balances, and control user permissions – all in one place.

A dedicated Business Partner, not a call centre

Every OakNorth customer gets a named Business Partner who knows your business. Call, email, or book a meeting – they're there when you need them.

Security you can bank on

Multi-factor authentication, biometric login, and fraud detection as standard. Your eligible deposits are protected up to £120,000 by the Financial Services Compensation Scheme — the same protection as any high street bank.

Fee-free cards and payments at scale

Send and receive payments up to £1m+ via Faster Payments or CHAPS. Pay up to 250 recipients at once with bulk payments. Issue as many Visa debit cards as your team needs — at no extra cost.

Earn interest on your cash

Earn up to 3.50% AER on balances with our business savings accounts. Easy-access option available – or lock in a higher rate up to 3.50% AER with our notice accounts. Business savings are only available to Business Current Account holders.

27 hours 23 minutes to open – I’ve opened many bank accounts with many providers and this is a clear record – it’s like the 100 meters vs. a marathon!

Jeremy Gledhill, CFO at Honey

It took about as much time to set up the OakNorth account, as it does to order something off Prime…I’m usually difficult to impress – but I genuinely was surprised at how easy it was.

Richard Pearce, Co-Founder, Verto

I have been so impressed by the speed and transparency with which OakNorth operates. If the major clearing banks want to learn about how to genuinely do things differently, they should be looking at OakNorth.

Surinder Arora, Co-Founder and Chairman of Arora Group

The experience with OakNorth was genuinely delightful – fast, flexible, and focused. They may not be the cheapest lender in the market, but the quality of the experience makes the extra cost well worth it.

Paul Crookes and Dave Walker, Founders of CWC

We found OakNorth to be dynamic and entrepreneurial, but with an appreciation for rich insight and considerate decision-making.

Sophie Lawler, CEO of Total Fitness

OakNorth are utterly unique in their approach and have been a dream to work with – they are the only lender I’d recommend for entrepreneurs in high growth.

Matthew Mills, CEO of Deliciously Ella

We were up and running in days - which was impressive in itself - but what really stood out was how effortlessly OakNorth handled our multiple businesses and how seamless the payments experience was. Our Business Banking Partner felt like an extension of our team: proactive, commercially savvy, and genuinely invested in our growth.

Hayden Daniel Glynn, CFO at Charles Alexander Finance Limited

As a VC-backed, tech-led company committed to driving sustainable change, we wanted a banking partner that shared our forward-thinking mindset. OakNorth stood out for its modern platform, quick onboarding, and a genuinely digital-first approach to business banking. It’s rare to find a bank that understands the needs of high-growth, impact-driven businesses — but OakNorth gets it.

Orla Sheilds, CEO, Kamma

OakNorth has been instrumental in supporting our growing ecosystem of climate tech innovators by offering best-in-class business banking services. Their focus on sustainability and tailored solutions is helping our companies thrive and scale.

George Garnett, Senior Venture Associate, Sustainable Ventures

Get started in 3 steps

Check your eligibility

Make sure you meet the requirements to open an OakNorth business account. You will need to be a UK registered business, able to complete digital identity checks, and have an annual turnover above £1 million or plan to deposit a minimum of £100k. You can read the full eligibility criteria here.

Apply online in minutes

Tell us a little about your business, add your company details, and complete your identity and security checks. Most businesses complete the application in under ten minutes.

Get approved and start banking

Once your application is reviewed and approved, you can access your account online, invite your team, set permissions, and start making and receiving payments right away.

Check my eligibility

Ready to make the switch? Let's check you're eligible

It takes 2 minutes.

You can apply for a business banking account with us if:

Your company has a turnover of over £1 million
In case of a property company, your company has assets of over £1 million
You are a Director at any one of the following company types: Limited Company, Private Unlimited company, PLC, LLP, Overseas Company or certain types of Private Limited companies
Your company is registered in the UK with Companies House
Your company has an active status on Companies House
You are aged 18 years or over

Fill out the form to get started

By submitting this form you are applying for OakNorth Business Banking and agree to us processing your data as described in our Privacy Notice and Cookie Policy.

Questions we know you're asking

Less than you’d expect. You can simply open an account with OakNorth while keeping your existing accounts open so there’s no gap in your ability to make or receive payments. Most businesses are fully up and running within a few days of being approved. Your dedicated Business Partner will guide you through the process and make sure nothing falls through the cracks.

Yes. Your eligible deposits are protected up to £120,000 by the Financial Services Compensation Scheme (FSCS) — the same level of protection you’d have with any high street bank. OakNorth Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

It means you get a named individual who knows your business — not a rotating team, not a call centre. You can reach them by phone, email, or by booking a meeting. For most of our customers, it’s the single biggest difference from banking anywhere else.

Most businesses complete the online application in under 10 minutes. You’ll need to provide some basic company details and complete identity and security checks. Once approved, you can access your account, invite your team, and start making payments straight away.

No monthly account fees, no fees for debit cards, and no charges for standard UK payments. Full details are available in our Key Product Information documentas well as the fees, limits here.

Yes. If you run more than one entity, you can manage all of them from a single OakNorth login at no extra cost. Switch between companies, track balances separately, and control team permissions — all in one place. It’s particularly popular with founders running group structures or multiple trading entities.

Your business has earned a bank that keeps up with it.

Join the scaling UK businesses already banking with OakNorth. Check your eligibility in 2 minutes.

Check my eligibility Not ready yet? Book a demo first

Notes

^† No account fees as of 4th July 2024 but subject to change. ^‡ Variable rate correct as of 18th December 2025. ^****Rate correct as of 18th December 2025. The interest rate for this account is variable and will track the Bank of England Base rate plus or minus a fixed spread (this is the rate that we add or subtract from the Bank of England Base rate). When applying, you will have full clarity on the interest rate (which will include the Bank of England Base rate and the spread). So, if the Bank of England Base rate goes up, your rate will go up; and if the rate comes down, your rate will follow. The interest rate on your account will be updated on the same day to reflect the change made to the Bank of England Base rate. Interest is paid on your whole balance once it exceeds £100,000. Balances of £99,999 and under do not earn interest. Read the Terms and Conditions here.

You understand and acknowledge that the business current account and the mobile app are being provided on an “as is” basis without warranty of any kind. Whilst we will constantly endeavor to improve our product(s), we cannot guarantee that they are free from lags, bugs or a slower than intended response time. Your and our liability in relation to the product is covered in full within the Terms and Conditions. Any communication by an OakNorth business partner is merely a statement of facts and not a recommendation or advice of any kind including with respect to any financial projections, estimates or forecasts related to any product being offered. You are requested to rely on your own analysis before investing/purchasing.

This Visa card is issued by Transact Payments Limited. Transact Payments Limited is authorised and regulated by the Gibraltar Financial Services Commission. Visa is a trademark owned by Visa International Service Association and used under license.

OakNorth Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Financial Services Register number: 629564. The Financial Services Register can be accessed at www.fca.org.uk/register. Registered Office: 57 Broadwick Street, London W1F 9QS, Registered in England No. 08595042.

Key Product Information | Terms and Conditions | FSCS Information Sheet | Privacy Notice