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BUSINESS BANKING THAT KEEPS PROJECTS MOVING

Backed by 1,000s of UK businesses and £15bn in business lending

One login across multiple projects, entities and accounts

Open new accounts quickly as new sites or projects go live

Human support from Business Partners – no chatbots

Earn up to 3.50% AER interest on savings*

No monthly fees, no transaction fees
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No need to switch your full business banking. Start with one account, for one venture.
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Built for the way construction companies operate

Construction businesses rarely run on a single entity or simple cash flow. Each project brings new accounts, users, approvals and payment flows.

OakNorth is built for contractors, developers and construction groups managing multiple sites at once.

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
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
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

One login across projects and entities

See every site, account and balance in one place.

Open accounts as projects start

New site or contract? Open accounts without starting again.

Project-specific account structures

Separate accounts for operating costs, subcontractors, retentions and reserves.

Granular access controls

Permissions and approval flows for site managers, commercial teams and finance.

Fee-free banking

No monthly fees, no transaction fees, no account limits.

Banking so simple you can do it in your sleep

Business current account

  • Multi-project and multi-entity accounts under one profile
  • Faster Payments, CHAPS and international payments
  • Approval controls and dual authorisation

Business savings

  • Easy access and notice accounts
  • Earn up to  3.50% AER variable
  • Move funds easily between accounts

Visa business debit card

  • Free cards for site teams and office staff
  • Central controls and instant deactivation via app or online banking

Managing your money and business

Check your eligibility

A partner who understands your business

  • Dedicated business partner from day one, with real support from people who understand construction, not call centres.
  • Trusted by construction owners, commercial managers and finance leads scaling multi-site, project-based businesses.
  • Fast, personal service with direct access to your business partner, no waiting on hold and no chatbot runarounds.

Questions we know you're asking

You can apply for an OakNorth business banking account if:

  • Your company has a turnover of over £1 million or you want to deposit a minimum of £100k

  • 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

You can read more about the eligibility criteria in our terms and conditions.

We aim to open all business accounts within a matter of days. Once you submit your application via the app, we will aim to reach out to you within 48 working hours with an update or if any further information is needed. We’ll then be in touch about the status of your application as soon as we have processed it.

Please keep in mind, account opening times can vary from business to business.

If you want to talk about any opportunity, contact your business partner via ‘Get Help’ section in the App 9 AM to 5 PM, Monday to Friday.

Alternatively, you can find more information on how to contact us here.

All customers who have a business current account automatically get access to an easy-access business savings vault (or Earn vault)

The Earn vault is not offered as a stand-alone product.

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. Want to see the platform first? Book a walkthrough.

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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. 

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