Opening an account

You can apply for an OakNorth business account if:

  • You’re aged 18 or over
  • Your business has a turnover of over Β£1 million, or you plan to deposit at least Β£100,000
  • If you’re a property company, you hold assets worth over Β£1 million
  • You’re a director of 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 and active on Companies House

You’ll find more detail in our Terms and Conditions, including the full eligibility criteria.

If that sounds like you, take the first step and apply now.

To apply for an OakNorth business account, you’ll first need to check that you’re eligible – this helps us make sure our account is right for your business.

Once that’s done, you’ll be asked to complete a short form. It only takes a few minutes and gives us a better picture of your business and banking needs.

If you meet our eligibility criteria, you’ll be invited to download the OakNorth Business app and complete your full application.

Once you’ve submitted your application, we’ll get back to you as soon as we can or in some cases, to request any additional info. Timelines can vary slightly depending on the business, but we’ll keep you in the loop every step of the way.

While it’s free to have an OakNorth business bank account, and most transactions are fee-free, certain activities may incur charges, such as ATM withdrawals and international transactions. For a detailed breakdown, see our limits, fees and restrictions page.

As a customer, you get access to a dedicated OakNorth Business Partner – someone who understands your business and can help you get the most out of your account.

Your Business Partner will:

  • Be your main point of contact
  • Offer support that’s tailored to your sector and day-to-day banking needs
  • Help you explore new opportunities, assess your goals or talk through funding needs
  • Be on hand when something goes wrong – no long waits or multiple follow-ups

You can reach your Business Partner via the β€˜Help’ section in the app or web platform. Choose to call, email or book a meeting – whatever works best for you.

Note: Your Business Partner can’t offer financial advice.

Looking for something else?

Explore our resources hub for step-by-step video guides and helpful tips and tricks to support you on your way.