If you are changing to an account that has a fee, the new fee will apply and be calculated from the date your account becomes active. We expect to open sole trader accounts within 2 weeks and limited companies within 4, once all information is received. They have bank accounts aimed at limited companies, partnerships, sole traders and charities. Free for new startups and sole traders for 18 months. What is a business angel (angel investor)? Dubbed the “Netflix of Digital Banks”, Mettle has already seen attention from Forbes, Financial Times and The Spectator, offering cash flow forecasting and showing a commitment to a new approach to banking. Please make sure your Limited Company has already been registered with Companies House for at least 48 hours before starting your application with us. Natwest’s take on a sole trader business account is definitely an interesting one, with no monthly charge unless your transactions are less than £5 and, for start-ups and new businesses, 18 months of free business banking and a dedicated start-up package. They can start the application for you and arrange to get the appropriate signatures. Business use only. Ideal for business owners in Northern Ireland, Ulster Bank’s sole trader account caters for businesses turning over £2m or under and is covered by the current account switch guarantee, helping customers join in under seven working days. Once one of the largest banking organisations in the world, the Royal Bank of Scotland (RBS) came unstuck in the financial crisis of the late 2000’s. Fees are £6.50 a month, but can be deferred for new customers running small businesses for up to 2 years. NatWest Group - Supporting customers, news, investors and sustainability You only have to do this if you’re trading as a limited company, partnership or trust, in order to work out and report taxes correctly. Personal details for any directors, partners, members or signatories. Royal Bank of Scotland. Registered Office: Henry Duncan House, 120 George Street, Edinburgh, EH2 4LH. Both our personal and sole trader accounts are quick and easy to set up with our two-step verification process. For anyone that uses their Halifax current account for personal and business use and to who doesn't already know, you can apply for a BBL with Lloyds or Bank of Scotland. FreeAgent is an accounting software specifically designed to meet the needs of small businesses, freelancers and accountants. Registered in Scotland no. By starting your application, you confirm that you're giving us consent to run a credit check on you and any other people listed on your application. Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. Royal Bank of Scotland offers 18 months free day-to-day business banking for new start-up businesses on their current account. Scottish businesses are supported by the Bank of Scotland’s business mentoring programme. Coronavirus and Royal Bank Business - We're committed to supporting our customers who may be affected. If only takes a few minutes to apply for Digital Banking, and if you have a business debit card, you may get instant access to your accounts. Thank you for choosing a Royal Bank of Scotland Business Account. If your business is new or you starting out with HSBC, you can benefit from 18 months of free day-to-day banking, while benefiting from HSBC’s network of business support tools and guidance — including HSBC's business specialists and Knowledge Centre — to encourage further growth. This type of bank account is separate from your personal bank account, and usually comes with different features and services. Royal Bank of Scotland Group RBS has just under 500 branches in the UK and cover the world through a network of international offices. If you apply for credit facilities, security may be required and product fees may apply. Charges for unarranged borrowing, additional services, Bankline and international payments are not part of the free banking offer. SC316774 - One Edinburgh Quay, 133 Fountainbridge, Edinburgh, Scotland, UK EH3 9QG The app is designed to reduce the amount of time spent focused on banking and finance and isn’t offered to high-risk and high-volume industries, making it a noteworthy sole trader business account. For more information on accessibility, visit our Accessibility page. Lloyds Bank Business Accounts for New Businesses. There’s a quarterly maintenance fee and lower transaction fees for online payment methods. 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