BUSINESS BANKING

EARN UP TO 4.75%* AER
ON BUSINESS SAVINGS

Need a business banking solution for your growing company? You’re in the right place. We support high-growth businesses with over £1m turnover, £1m in real estate assets, or £100k+ deposits. Scale quickly with our business current account, 3.60% AER easy-access savings, cards, payment solutions, and more
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Become an OakNorth business banking customer

You can apply for a business banking account with us 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
  • All Persons of Significant Control in the company must be tax residents in the UK (registered with HMRC), and no other countries
  • You are aged 18 years or over
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Banking so simple you can do it in your sleep

Spend | Business current account

  • Apply in the app in under 10 minutes
  • Open an account in days, not weeks or months
  • Access your account easily: via the app or web banking
  • No monthly fees†
  • A Business Partner who is only a call or email away
  • Open multiple current accounts in just a few clicks, each with a unique account number and sort code
  • Add your entire team to your account and set roles and permissions for each user
  • Set up payment approvals to mirror your usual workflow

Earn | Easy-access savings at 3.60% AER 

  • Next-day savings vault with 3.60% AER interest‡
  • Get access to interest-bearing savings automatically when you open a current account
  • Move money easily between your current account and savings
  • Have larger amounts of idle cash? Earn 4.75% AER on business savings in a 95-day notice account****

Visa business debit card

  • Free business debit cards (physical and virtual§) for you and your team
  • Manage all your business cards in one place and easily deactivate any with a single click 
  • Easily keep track of spending in-app or via web banking

Managing your money and business

  • Easily make high-value payments via CHAPS (no need to go in-branch)
  • Keep an eye on direct debits across all accounts from your payments hub
  • Make and receive payments quickly with Faster Payments Scheme (FPS)
  • Pay and receive direct credits via BACS
  • Tap into new business opportunities with specialist finance
  • FSCS protection on eligible deposits
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Built for speed

We understand that different businesses have distinct needs, so we’ve made account opening quick and simple, even for complex scaling businesses.

Apply for a business current account faster than you can count sheep (<10 mins) and be up and running in as little as a few days – meaning you spend more time on the important things.

Once you’re a customer, you can open multiple current accounts in just a few clicks, each with unique details, to categorise your funds as needed. Setting up these accounts is quick and hassle-free. 

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Trusted, secure, and wide awake

UK bank license

UK-regulated and here for the long haul.

Top 1% globally

We operate in the top tier of commercial banks.

FSCS-protected

All eligible deposits are protected up to £85,000.

Big on security

Superior fraud detection systems and strong encryption.

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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

† No fees as of 4th July 2024 but subject to change. ‡ Variable rate correct as of 2nd August 2024. § Virtual cards and spending limits coming soon. ****Rate correct as of 2nd August 2024. 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 1st day of each calendar month to reflect the change made to the Bank of England Base rate. 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.