business banking
Control multiple entities, accounts and balances from one place without switching your main bank.
Eligible businesses need turnover above £1m, or £50k+ to deposit.
Top 1%
of commercial banks globally
Up to £120,000
£15.1bn+ lent
to businesses since 2015
Financial services businesses need control, visibility and resilience. From managing multiple regulated entities to cleanly separating operating funds and reserves, your banking should support strong governance as you scale, not slow you down.
One login across your business
View and manage all your entities, accounts and balances in one place, with clear visibility.
Fee-free everyday payments
No monthly account fees, and no charges on Faster Payments, Bacs or CHAPS.
Open accounts as you scale
Set up new accounts quickly for new products, funds or regulated entities, without repeating lengthy applications.
Clear account separation
Use separate accounts for operating funds, reserves or internal ring-fencing, supporting strong governance and control.
Granular access controls
Set permissions and approval flows so finance, compliance and leadership teams see and do only what they need to.
Built-in savings for surplus liquidity
Put excess company cash to work with next-day access or notice savings, while keeping access and control.
Next-day access savings 2.35% AER, available automatically to every current account customer. No separate application. Move funds between your current and savings account via app or web.
| Term | AER Rate |
|---|---|
| 6 months | 4.00% |
| 12 months | 4.25% |
| 24 months | 4.25% |
| 36 months | 4.25% |
BUSINESS PARTNER
Every account comes with a dedicated Business Partner from day one. Real support from people who understand regulated, multi-entity businesses. Reach them by phone or email. No chatbots, no call-centre queues, and no repeating yourself.
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
Fees on FPS, Bacs, CHAPS
Multiple account logins
Account opening
Charges apply
Personal relationship
Weeks to months
Interest on deposits
Call centre
Near-zero rates
Join the scaling UK financial service firms already banking with OakNorth. Check your eligibility in 2 minutes. Want to see the platform first? Book a call.