GROW TOGETHER

REFER A BUSINESS AND SHARE £1,000

Know a scaling business that needs better banking? Refer them today and you’ll both be rewarded with £500 when they open and fund an OakNorth account.

Refer a business and make a difference

At OakNorth, we believe good things are made to be shared. For a limited time, introduce an eligible new business to OakNorth Business Banking and you’ll both earn £500 when they successfully open and fund an account. That’s £1,000 shared – credited directly to your OakNorth accounts. It’s a simple way to support your network and grow together. T&Cs apply.

How it works

Step 1

Share this page with an eligible business you’d like to refer so they can start their application (make sure they enter your details as their referrer!).

Step 2

The referred business must successfully open an OakNorth account and fund it with at least £100,000 within 30 days of their account opening. They must maintain this deposit for 60 days to meet our eligibility criteria.

Step 3

Once successful, we’ll credit £500 directly to the referrer’s OakNorth Business Banking account and £500 to the referred business’ account. To qualify, the referrer’s account must be funded with at least £25,000 for 60 days from the moment they refer the business. 

Step 4

Help other businesses discover the right banking partner while maximising your rewards. You can refer up to 10 eligible businesses (please note: multiple businesses owned by the same shareholder count as one). This offer is open to the first 200 successful referrers – so don’t miss out!

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Become an OakNorth business banking customer

You can apply for a business banking account with us if:

  • 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 
  • You are aged 18 years or over 

Referral Programme Terms & Conditions apply

Fill out the form to get started

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FAQs

To refer a business, you must be an existing OakNorth Business Banking customer. You’ll also need to have funds of at least £25,000 for a period of 60 days in your OakNorth account from the moment the business you referred funds their account 

To be eligible, the refereed business must be a UK business that has not applied to OakNorth Business Banking in the past and must meet the standard eligibility criteria for OakNorth Business Banking.  

The programme is not valid for multi-company accounts or new accounts for an existing company. 

Yes, you can refer up to 10 businesses. As long as they meet our eligibility criteria, both you and the business you refer will each receive £500 credited to your OakNorth Business Banking accounts. 

If the business you referred successfully opens an account and maintains a minimum deposit of £100,000 for 60 days, we’ll notify you once your £500 reward has been credited to your account. If you don’t hear from us, unfortunately, it means the business did not meet the eligibility criteria. 

Once the referred business meets the eligibility criteria, £500 will be credited directly to your OakNorth Business Banking account, and £500 will be credited to the account of the business you referred.

No, the referral programme is only valid for new businesses that are opening a business banking account with OakNorth for the first time. Customers who use the multi-company functionality to open new accounts are not eligible for this programme.

Got questions?

If you have any questions about the programme, please contact us at [email protected] and we’ll be happy to help.

Terms and conditions

Read the full terms and conditions of the programme.