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BUSINESS BANK ACCOUNT

A business bank account built for scaling companies

Multi-company management, no fees on UK payments, competitive deposit rates and a dedicated Business Partner. Banking for established and scaling businesses.

Eligible businesses need £1m+ annual turnover or £50k to deposit

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FCA Regulated FSCS Protected up to £120,000 £15.1bn+ lent to UK businesses

Top 1%

of commercial banks globally

Up to £120,000

£15.1bn lent

to businesses since 2015

Built for businesses frustrated with traditional banks

How OakNorth compares on the things that slow scaling businesses down

Feature

Fees on FPS, Bacs, CHAPS

Single login, all entities

Account opening

None

Personal relationship

Days

Interest on deposits

Named Business Partner

Up to 4.25% AER

Traditional Banks

Fees on FPS, Bacs, CHAPS

Multiple logins

Account opening

Charges apply

Personal relationship

Weeks to months

Interest on deposits

Call centre

Often little or none

Comparison based on published fee schedules and advertised business account rates of major UK high-street banks. July 2026. Features vary by provider and account type.

DIGITAL BANKING

Everything your growing business needs from its bank

Whatever brought you here, this is what sets us apart

  • Multi-company under one login. Open and manage accounts for all your entities in one place, at no extra cost
  • No fees on UK payments. No charges on Faster Payments, Bacs, or CHAPS
  • A dedicated Business Partner. A named contact who knows your business, reachable by phone or email
  • Large payments, handled reliably. Move significant sums without transactions being held up
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Used by businesses you may know

“
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

“
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

BUSINESS SAVINGS

Put your surplus cash to work

Earn competitive interest on idle balances with Business Savings

Business Notice Account

Term AER Rate
30 days 3.20%
95 days 3.60%
125 days 3.65%

Business Fixed Term

Term AER Rate
6 months 4.00%
12 months 4.25%
24 months 4.25%
36 months 4.25%

Questions from companies like you

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 document as well as the fees, limits here.

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. 

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. 

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. 

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.

Up to 4.25% AER 12 month fixed term

It's time to grow. It's time for OakNorth

Eligible businesses need turnover above £1m, or £50k+ to deposit

Apply Book a call