Send payments of any size: CHAPS, Bacs, Faster Payments and Bulk Payments, all in a few clicks. No fees, no branch visits, and no waiting around. Every transaction is protected by FSCS and secured with multi-factor authentication.
Fast transfers
Send and receive money instantly with Faster Payments - 24/7, no delays.
High-value made easy
CHAPS transfers completed for free the same day, no branch visits required.
Smooth recurring payments
Stay connected with Direct Debit and Credit. Pay or receive funds seamlessly through Bacs, whether it’s a supplier pulling a Direct Debit or HMRC sending a Direct Credit.
Scale at speed
Pay up to 250 recipients in one go with bulk payments fast, accurate, and fully trackable.
Always protected
Every payment backed by FSCS protection, strong encryption, and real-time fraud monitoring.
Upload your payment file or add recipients manually. Set approval flows that mirror your business, reduce manual errors, and process payments for payroll, suppliers, or contractors.
Your dedicated Business Partner can help configure your workflow and permissions to fit your exact setup.
Cards and payments go hand in hand. If your business needs to manage team expenses, issue debit cards, and keep full control over company spend – explore how OakNorth Visa Debit cards can simplify it all.
Making a payment from your OakNorth account is quick and secure – whether you’re on the web or app.
You can send money to a new or existing recipient by selecting your account, entering the payment details and confirming the transaction. You’ll also choose a payment scheme – Faster Payments for everyday transfers, or CHAPS for anything £1 million or more.
For your security, we’ll guide you through a few quick checks before your payment is sent. Most payments arrive within 2 hours, subject to standard checks.
Bulk payments let you pay up to 250 recipients in one go. Perfect for payroll, supplier invoices or any time you need to pay multiple recipients at once. There’s no monthly cap – you can upload and process as many bulk payments as your business needs.
Here’s how to make a bulk payment:
You can currently hold and make payments in GBP from your OakNorth account.
You can also use your OakNorth Visa debit card in many countries globally. Fees may apply depending on the currency and location – check your card terms for details.
We’re always working to improve our product and will let you know as soon as we support other currencies natively within the account.
Direct debits are a simple way to stay on top of regular payments, including bills or subscriptions. While you can’t set them up directly through OakNorth, you can use the details of any of your OakNorth current accounts to arrange one with the company you’re paying. Once it’s active, it’ll show in your account automatically.
To view or cancel a direct debit, just head to the ‘Payments’ section in the app or web platform.
† No account fees as of 4th July 2024 but subject to change. ‡ Variable rate correct as of 7th August 2025. ****Rate correct as of 9th October 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