Is your bank asleep at the wheel? Scale at speed with business banking that blends industry know-how with tech innovation.

Put growth at the top of the agenda

Outgrown the start-up stereotype and need a business banking solution that’ll cater to the complex needs of your scaling business? You’ve come to the right place.

Since 2015, we’ve backed countless trailblazing businesses, injecting over £10bn into UK communities by supporting ambitious business growth.

Now, we’re empowering high-growth businesses with a turnover of £1m+, assets over £1m if operating in the real estate sector, or those ready to deposit £100k or more, to scale at speed with our business current account, easy-access savings at 3.85% AER, cards, payment solutions and more.

Over £10bn in business support with unmatched insights to fuel your growth

270 +
Sector insights

We don’t paint all scaling businesses within a sector with the same brush, enabling us to create bespoke solutions for every business.

13 x
More granular

Informed by data more detailed than most other banks and credit tools, we understand your complex business needs.

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 on speed dial (seriously, you’ll get their number)
  • 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 3.85% AER 

  • Next-day savings vault with 3.85% 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 5% 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
  • Safeguard spending with limits for individual card holders§
  • Easily keep track of spending in-app

Managing your money and business

  • Easily make high-value payments via CHAPS (no need to go in-branch)
  • 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
Apply now

A partner who understands your sector

If hold music puts you to sleep, then we’ve got some good news. Whether you need to add a new user to your account or discuss a potential business opportunity, you’ll get a dedicated Business Partner who you can call – and you’ll never have to repeat yourself.

As someone who deeply understands your sector and growing business, they’ll help you tap into new business opportunities through seamlessly connected products and services.

Find out if your business is eligible

Built for speed

Have several entities under one holding company, or are you a property business looking to open accounts for new SPVs? 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.

Tailored to suit businesses poised for growth

Set your team up for success by customising your account to suit your business needs, not the other way around. Hit snooze on overly complicated bank accounts and make your banking work for you thanks to the latest technology.

Idle funds earning nothing?
Earn 3.85% AER in our next-day savings vault
Do multiple team members need access?
Your Business Partner can set that up for you in a matter of minutes
Want greater control over payments?
Easily set up payment approvals for users to mirror your usual workflow
Need Visa business debit cards for multiple team members?
They're free and easy to get your hands on
Don't have time to go in-branch to make large payments?
You can do it via the app with our CHAPs technology

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.


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

Big on security

Superior fraud detection systems and strong encryption.

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

Even bigger dreams for your business?

When you become an OakNorth business banking customer, you can tap into new business opportunities with access to specialist structured finance designed by entrepreneurs with relentless ambition.

One transparent process, start to future

You’ll be front and centre of all decisions and meet key decision-makers within the bank.

Financing in days and weeks not months

Get ahead of the competition with a partner who knows how to keep pace with your business.

Industry experts that can structure capital for your future growth

Our granular insights on each sector help us tailor your funding to your future.

A flexible financing partner that moves in-step with you

We know that sometimes there’s a change of course, and we’ll be there to support you every step of the way.

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

Fill out the form to get started


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 a tax resident in the UK (registered with HMRC), and no other countries

  • 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. You can join the waitlist to open an OakNorth business account on our website here.


* Online banking platform coming soon. No fees as of 4th July 2024 but subject to change. Variable rate correct as of 4th July 2024. § Virtual cards and spending limits coming soon. ****Rate correct as of 8-Jul-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 Registered Office: 57 Broadwick Street, London W1F 9QS, Registered in England No. 08595042. 

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