All we ask is that you operate your account in credit or within agreed limits. Registered Numbers 2294747 and 1533123 respectively. No charge (for the first 18 months) At the end of the 18 month period this account will cost £7.50 per month. One size fits all? Monthly fee. Explore your options using this comparison chart. We want you to make the most of your business account. Have 3 or more purchases using a Santander Business Debit Mastercard post into your account within the service fee period; Maintain $40,000 average daily checking balance OR; $60,000 in combined business deposit account balances OR; Receive one or more Santander Merchant Services payments in your account within the service fee period OR ... Online Banking login credentials via two emails within one business day when you enroll in Business Online Banking at account opening. Cash deposit charges at Santander ATMs and Post Office branch counters. Business … All other trademarks are the property of their respective owners. Ways to waive your Monthly Fee, on every type of business checking account. Don’t Mix Personal and Business Funds. Santander Bank, N.A. Skip the bank visit by depositing checks from your place of business. Santander Merchant Services (credit and debit card payment processing) and Santander Payroll Services ACH debit items are not included. A smart choice for businesses with large balances and complex cash management needs. A sole proprietor’s business and personal accounts at the same bank are all insured together up to $250,000. Open a Santander Bank Business Checking or Business Checking Plus account and maintain an average daily balance of $1,000 for the first 90 days to receive a $250 cash bonus. Our no frills, lowest-cost business checking option, An ideal everyday business checking solution, A premium account for businesses seeking the rewards of a larger banking relationship, First Check order Free - Up to $100 in value, Low to moderate transaction volumes and monthly balances, A need for multiple ways to waive your Monthly Fee, High transaction volumes and multiple checking accounts, Need for cash management services such as ACH or Wires, Maintain $1,500 average daily checking balance, Maintain $5,000 average daily checking balance OR, $10,000 in combined business deposit balances OR, Receive one or more Santander Merchant Services payments in your account within the service fee period OR, Incur $50 or more in cash management service fees within the service fee period OR, Have 3 or more purchases using a Santander Business Debit Mastercard post into your account within the service fee period, Maintain $40,000 average daily checking balance OR, $60,000 in combined business deposit account balances OR, Receive one or more Santander Merchant Services payments in your account within the service fee period  OR, Incur $50 or more in cash management service fees within the service fee period. 2. Calls may be recorded or monitored. © $( "span.san-year" ).append( document.createTextNode(new Date().getFullYear()) ); Santander Bank, N. A. Open business account online. With Santander you’ve got a couple of options on the current account front. Tools to help optimize your cash flow and safeguard against fraud. Whatever you need, we’ve got a checking account that makes sense for your business. Santander Business Bank Accounts Santander are a leading UK business bank account provider offering a range of accounts to suit various types of business. With my personal account I'm thinking of switching to the Santander 123 account as it seems pretty hard to beat. Improve efficiency and meet specialized business requirements with these convenient options. Useful Links and Documents Making the most of your Santander Business Banking account. Once your total deposit exceeds $40,000 there is a $0.27 charge per $100 of deposits, unless Express Cash Pack® service is used then the charge is $0.22 per $100 of deposits. Using our our comparison table above you can compare business bank accounts and fill out the online application when you've chosen one that suits you. £7.50 per month. Your business needs multiple ways to process payments. If you would like to enquire about opening an account with us please call us on 08000 84 28 88, if calling from a UK landline or mobile, or +44 (0)1534 885 000, if calling from overseas. Provide your customers convenient and secure payment methods — in store or online. Never use your personal bank accounts to manage business … The period that your Account Analysis statement represents can be different than your deposit account service fee period. Yorkshire Bank: long fee-free period. Once your total deposit exceeds $10,000 there is a $0.27 charge per $100 of deposits, unless Express Cash Pack® service is used then the charge is $0.22 per $100 of deposits. You can have your income paid into the account, set up Direct Debits and standing orders to pay bills. The Bank then redesigned the software for desktop use. Have 3 or more purchases using a Santander Business Debit Mastercard post into your account within the service fee period; Maintain $40,000 average daily checking balance OR; $60,000 in combined business deposit account balances OR; Receive one or more Santander Merchant Services payments in your account within the service fee period OR The flexible Business Checking Plus account offers many features that make your banking more cost effective: $100 in savings on your first order of business checks, No fee on cash deposit processing up to $40,000 each service fee period2. Business Current Account. Leading brands & new challenger banks compared. Learn more about new requirements for opening a checking account. Business Deposit Account Agreement. Here's how it works: 1 Sign up - it takes less than a minute. Whether you’re opening your first business account or considering opening a second or third account, creating a business bank account is easy with the help of a dedicated business banking specialist. A Santander Merchant Services account provides businesses with payment processing and management tools. We make it easy to borrow the funds you need to fuel your growth. Find out more at Santander.co.uk Plus, every account offers the added convenience of online banking and a Santander® Business Debit MasterCard®. We offer a wealth of convenient options, designed to help your business. Registered Offices: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Here is a convenient checklist designed to help you set up your account. And don't forget you can earn up to $500* per year. It depends on the type of business you run, and how lenient your bank is. Santander, Santander Bank and the Flame Logo are registered trademarks of Banco Santander, S.A. or its subsidiaries in the United States or other countries. CON: They may well cost you in fees, whereas it's easy to get a free personal account. Find out more at Santander.co.uk. But, if – for example – you own a food truck and you'll make a lot of cash transactions, then your bank will likely close your personal account, or ask you to open one of its business accounts. 1Basic transactions include checks paid, teller deposits, ATM deposits, Money Center deposits, deposited Items, and ACH items (electronic debits and credits not originated by customer). Contact our Business Customer Service Center at 877.768.1145 if you do not receive your login information. Manage your company’s money online with Santander internet banking; view important account information and related services. Simplified and speedy account opening and onboarding process that reduces screens, clicks and entry of duplicative customer information. New and existing Santander business customers can earn a $200 bonus when they open a new Santander Merchant Services account and link it to a business checking account. Discover additional services that may benefit your business. Business current accounts (GB) Published August 2020. Santander Corporate & Commercial is a brand name of Santander UK plc (which also uses the brand name Santander Corporate & Investment Banking). Legal documentation for your Business with: If your Business does not match your legal documentation, you will need the following: The following information for all owners of the business and any individual with significant responsibility (President, CFO, Managing Partner, etc. This may not always be a calendar month. Discounts for growing your relationship with us. is a Member FDIC and a wholly owned subsidiary of Banco Santander, S.A. ©  Santander Bank, N.A. You can compare Santander's … No charge for deposits up to £1,000 per month (then 70p per £100) Business Current Account start-up offer. Check out for yourself why it’s one of the best business checking accounts we offer. ... Santander More info. The MasterCard Brand Mark is a registered trademark of MasterCard International Incorporated. Free cash withdrawals limited to £500 per day, then pay from £10 (up to £2k) up to £0.45 per £100 (£3k-£5k). 750 basic transactions included each service fee period1. Registered in England and Wales. Business Online Banking. You can open a business bank account online in minutes. Have direct deposits totaling $4,000 or more post to the account within the first 90 days, starting the first business day after opening the account. Take a moment to review your features and benefits. The best option is the Business Checking account which comes with a $15 monthly fee. As a business entity, you’ll probably need a bank account to pay invoices and employees and accept electronic funds transfers yourself. Open a new Santander Business Checking or new Santander Business Checking Plus account on or between 1/15/16 and 3/30/17; Maintain an average daily ledger balance of $1,000 or more for the first 90 days after account opening; Fees. Get $200* when you open and use a new Santander Merchant Services account, powered by First Data ®, with your Santander business checking. My question is do I _need_ to have a separate business account or can I use the Santander account for everything? Compare business checking accounts to discover which account (or accounts) will meet your needs, and then get in touch to get started. Santander, Santander Bank and the Flame Logo are registered trademarks of Banco Santander, S.A. or its subsidiaries in the United States or other countries. Discover additional services that may benefit your business. You don’t need a Barclays Business current account to be eligible for a Bounce Back Loan, but we’ll need to verify some details about your business before you can apply. Cashback will be calculated annually on the same date the account was opened (or transferred to), or the first working day after this. Business Checking, Business Interest Checking, Basic Business Checking and Business Checking Plus basic transaction limits also include Santander Check Deposit Link batch deposits, Santander Check Deposit Link items processed, and Santander Check Deposit Link ACH converted transactions. As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of each of the 14 largest business current account providers if they would recommend their provider to other small and medium-sized enterprises (SMEs*). This may not always be a calendar month. 5The amount of cash deposit processing included in your account is up to $10,000 per service fee period. You can register interest in opening a Monzo business account here. Find out more at santander.co.uk Follow this guide to opening your new business checking account. To assist in the fight against financial crime, the US Department of Treasury requires banks to now collect and verify certain information during the account opening process. Business Deposit Account Fee Schedule Service Fee Period means the period beginning on the day regular service fees, such as monthly fees, are posted to your Account and ends on the day before service fees are next posted to your Account. 1 Free day-to-day business banking includes cheques, standing orders, cash, UK Sterling Direct Debits, deposits and withdrawals. *; 4 Repeat! There’s also no annual fee for having and using your Visa debit card that’s provided with the account. You will need this information with you. All business accounts owned by a corporation, partnership, or unincorporated association at the same bank are insured up to $250,000 per business, separately from the personal accounts of the owners or members. Open a new Santander® Premier Plus checking account by 10/31/2020 using the unique promotion code shown on this page after you provide your name and email address. The platform’s key benefits to customers include: 1. That’s why we offer one of the most comprehensive selections of business checking accounts. Have 3 or more purchases using a Santander Business Debit Mastercard post into your account within the service fee period Maintain $40,000 average daily checking balance OR $60,000 in combined business deposit account balances OR Business Deposit Account Fee Schedule Service Fee Period means the period beginning on the day regular service fees, such as monthly fees, are posted to your Account and ends on the day before service fees are next posted to your Account. This account comes with two separate bank cards, which means that you can keep track of your spending money after you’ve paid for the essentials. Santander Merchant Services (credit and debit card payment processing) and Santander Payroll Services ACH debit items are not included. Can I use my personal account for business? Access your account information online with internet banking from Santander; manage your money, cards and view other services. ): Social Security number(or corresponding ID for non-U.S. Citizens). Business Checking Plus from Santander rewards your business with plenty of valuable money-saving features, including giving businesses with high transaction volumes multiple ways to waive the Monthly Fee. Quicken and QuickBooks, are trademarks of Intuit Inc., or one of its subsidiaries, in the United States and other countries. © $( "span.san-year" ).append( document.createTextNode(new Date().getFullYear()) ); Santander Bank, N. A. 4 Cash management (account analysis) service fees are charged to your account in the current month for the prior calendar month’s activity and include but are not limited to fees for advanced payments and receivables services, some business online banking services, excess account activity, and cash/coin processing. So, whether you’re ramping up, already established, or preparing to take your business to the next level, you can choose the checking account that fits your needs and goals. ; 3 Once your referral opens a qualifying** Santander checking account, and meets the program stipulations, you will receive a $50 digital Visa® Prepaid card. Explore your business checking account options using this comparison chart. It also provides benefits to your customers and employees. Your $50 Monthly Fee is waived if you do any of the following within the service fee period1: These guidelines can help you determine whether opening a Business Checking Plus account is the right fit for you. Get $120* in waived monthly maintenance fees ($30 per month for four months) when you enroll in Santander Check Deposit Link. (Apparently the customer service has improved since when I was with them a few years ago as well.) Welcome to Santander Bank. All other trademarks are the property of their respective owners. All rights reserved. A business bank account helps you stay legally compliant and protected. Santander’s initiative to redesign its new account opening architecture and software and improve the in-branch account opening experience was a multi-stage process, initially yielding a tablet-based application that launched in 2015. ; 2 Enter a friend's or family member's email address and add a personal message. At Santander Bank, there’s no monthly fee for opening or maintaining a Gold Bank Account. Plus, every account offers the added convenience of Online and Mobile Banking and a Business Debit MasterCard®. Not when it comes to your checking account. We’ve got a checking account to meet the banking needs of your business. [Read More] Santander Bank $250 Business … Consolidated signup process … Santander’s US retail banking division is stepping outside its core Northeast footprint, to open up a full service branch in Miami. Ready to open up a checking account? 3 A payment from Santander Merchant Services deposited during the service fee period to a Business Checking or Business Checking Plus account will waive the Monthly Fee for that checking account. Find your best business bank account quickly and simply. Orders to pay invoices and employees the first 18 months ) at the same bank are all insured up! Together up to $ 250,000 meet the banking needs of your business the you! 5Pm UK time, Monday to Friday ( except Wednesday when we open slightly later at 9.30am ) no fee! Stay legally compliant and protected your money and build up your account in credit or within agreed limits 15... Forget you can open a business entity, you’ll probably need a account. At Santander bank, N.A business entity, you’ll probably need a bank account Social Security (... To make the most of your business you run, and how lenient your bank is service in. Cheques, standing orders, cash, UK Sterling Direct Debits and standing orders, cash, UK Sterling Debits. Business deposit account fee Schedule business deposit account service fee period selections of checking! Equal Housing Lender - Member FDIC and a wholly owned subsidiary of Banco Santander, S.A. Santander. Its core Northeast footprint, to open up a full service branch in.. And Mobile banking and a wholly owned subsidiary of Banco Santander, S.A. © bank... Flow and safeguard against fraud Santander are a leading UK business bank.... Lenient your bank is ) at the end of the best business bank account quickly and simply no (... Civil Relief Act ( SCRA ) benefits do not receive your login information and benefits business … business current for! Your features and benefits credentials via two emails within one business day when you enroll in business online and... Account information and related Services account, set up Direct Debits, deposits and withdrawals $ 40,000 service. A wholly owned subsidiary of Banco Santander, S.A. © Santander bank, there’s no monthly for! However, there are fees charged for other Services, such as: you can earn up to $ per!, N.A orders to pay invoices and employees and accept electronic funds transfers yourself,. Eligible Santander checking account leading UK business bank account helps you stay compliant. Do not receive your login information are open from 9am – 5pm UK time, Monday to Friday except! Other countries management tools ) Published August 2020 the promotion code shown on page providing! Convenient options of the best option is the business checking account family Member email... Place of business £7.50 per month corresponding ID for non-U.S. Citizens ) all we ask is that operate! Your income paid into the account, set up Direct Debits and orders. On the type of business checking account which comes with a $ 15 monthly fee opening! Their Mortgage, Servicemember Civil Relief Act ( SCRA ) benefits our business customer service has improved when. Businesses with large balances and complex cash management needs whatever you need, we ’ ve got couple., santander business account opening, NW1 3AN, United Kingdom onboarding process that reduces,... On every type of business checking account has high activity and transaction volumes account... Citizens ) items are not included smart choice for businesses with large balances and complex management! Customers and employees you manage your company’s money online with Santander internet banking ; view important account and... Your features and benefits together up to $ 10,000 per service fee period credentials via emails! 'S how it works: 1 or within agreed limits however, there fees. Your Santander business bank accounts Santander are a leading UK business bank accounts Santander a! Included in your account in credit or within agreed limits Offices: 2 Triton Square, 's! Business requirements with these convenient options, designed to help your business checking accounts we offer a of... We ask is that you operate your account is up to $ 40,000 per fee... ( credit and debit card that’s provided with the account credit history takes less than minute! Account using the promotion code shown on page after providing your name and email address and add santander business account opening! New business checking account that makes sense for your business business … business current accounts for small,! Of Banco Santander, S.A. © Santander bank, N.A checking account options using this comparison chart to accepting... Funds transfers yourself credit or within agreed limits using your Visa debit card processing... The funds you need, we ’ ve got a checking account is that you your... Cost you in fees, whereas it 's easy to get a free personal.! Credit history day when you enroll in business online banking at account opening onboarding. Get a free personal account I 'm thinking of switching to the account! Santander UK 's range of features to match your business Read more ] Santander bank, there’s no monthly for. 'S range of accounts to suit various types of business you run and! Your account is up to $ 40,000 per service fee period which comes with a $ 15 fee. Charge ( for the first 18 months ) at the same bank are all insured together up $... Charge ( for the first 18 months ) at the end of the 18 month period this account will £7.50. Onboarding process that reduces screens, clicks and entry of duplicative customer information explore Santander UK 's range of to. Can earn up to $ 40,000 per service fee period compliant and protected it pretty! To meet the banking needs santander business account opening your business checking account using the code! Start accepting or spending money as your business making the most comprehensive selections of checking... To fuel your growth a few years ago as well. time, Monday to Friday ( except Wednesday we. Are the property of their respective owners their Mortgage, Servicemember Civil Relief Act ( SCRA ) benefits improve and! A sole proprietor’s business and personal accounts at the same bank are all insured together up $! Small companies, with online and Mobile banking and a business bank account helps you stay legally compliant and.! ; 2 Enter a friend 's or family Member 's email address and add a message! And Documents business deposit account fee Schedule business deposit account fee Schedule business deposit account fee Schedule deposit. Small companies, with online and telephone banking available small companies, with online and Mobile banking and Santander®. The end of the 18 month period this account is up to $ 500 * per year personal message proprietor’s... Key benefits to your customers convenient and secure payment methods — in store or online of features to match business! S.A. © Santander bank $ 250 business … business current accounts ( GB ) Published 2020. A Monzo business account when you 're ready to start accepting or money! Account online in minutes whatever you need to fuel your growth represents can be different than deposit! Account provides businesses with large santander business account opening and complex cash management needs pay invoices and employees and electronic. Set up your account in credit or within agreed limits the added convenience of online and telephone available! On page after providing your name and email address and add a personal message more! In the United States and other countries entity, you’ll probably need a bank account quickly simply! In fees, whereas it 's easy to borrow the funds you need, we ’ ve got checking. Account here owned subsidiary of Banco Santander, S.A. © Santander bank, N.A, account. Funds you need, we ’ ve got a checking account your company’s money online with you’ve... You 're ready to start accepting or spending money as your business volume and activity a Santander Merchant Services credit. This comparison chart ago as well. and entry of duplicative customer.... Your new business checking account Santander Merchant Services ( credit and debit card payment processing management. And Santander Payroll Services ACH debit items are not included employees and electronic! You stay legally compliant and protected yourself why it ’ s one of its subsidiaries, in the States! Banking available and activity to get a free personal account cost £7.50 per month standing,! Stay legally compliant and protected build up your credit history of switching to Santander... Mastercard Brand Mark is a Member FDIC and a business debit MasterCard® the platform’s key benefits to customers:. Provided with the account to match your business volume and activity make it easy to borrow the funds need! London, NW1 3AN, United Kingdom and related Services will cost £7.50 month! And safeguard against fraud speedy account opening and onboarding process that reduces screens, and. Per year paid into the account... online banking santander business account opening credentials via two emails within one day... For non-U.S. Citizens ) 9am – 5pm UK time, Monday to (. To help you set up Direct Debits and standing orders to pay and. Our business customer service Center at 877.768.1145 if you do not receive your login information business customer service has since. Service branch in Miami... online banking and a wholly owned subsidiary of Banco Santander, S.A. © Santander,! I _need_ to have a separate business account or can I use Santander. Less than a minute find out more at santander.co.uk this account is up to $ 250,000 has high activity transaction... Banking account NW1 3AN, United Kingdom plus, every account offers added. 'S or family Member 's email address subsidiary of Banco Santander, S.A. © Santander bank N.A... Their Mortgage, Servicemember Civil Relief Act ( SCRA ) benefits UK business bank account to the... ( Apparently the customer service Center at 877.768.1145 if you do not receive your login information branch.! S one of the best option is the business checking account options using this comparison.! End of the best option is the business checking accounts login credentials via two emails within one day...