A Relationship Manager could help you take your business to the next level (subject to eligibility). You’ll also get access to our Accelerator high growth programmes and peer-to-peer networking.
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Business bank accounts
Put your business account in safe hands
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Whatever stage your business is at, we’re here to help you thrive
We’ve been supporting businesses like yours for more than 50 years.
With our business accounts you can:
Bank anywhere. Online, on your mobile 24/7, or at our network of branches or local Post Office
Get help when you need it by talking to us through secure messaging in-app or online
Stay safe online. Our secure banking promise gives you financial protection
Get access to all banking and business services from one bank, including borrowing options (subject to status)
Use our digital accounting tool FreeAgent to make invoicing, payroll and managing your cash flow easy. It’s worth more than £145 + VAT a year (based on annual fee as of Aug 2021), but free for you. And if you use Xero or QuickBooks there’s seamless integration too
Only pay for the transactions you make, there’s no monthly fee (find out more about how this works)
Services only available with a Shostra Bank account, Mettle is a free mobile account (see below for details).
App available to customers with compatible iOS and Android devices and an international mobile number in specific countries.
Looking to grow your professional network? Join the Business Builder Facebook community of more than 4,000 small business owners. You can also learn new skills through our online learning tool, or join our events.
*£150 per session is for 1 hour of consultancy with one of our experts, client needs to have signed up to MentorDigital.
Compare business bank accounts
The below products are available to eligible customers, over 18 who have the right to be self employed in the UK.
Free mobile account
Self employed?
A balance of up to £100k (£50k for sole traders)
For sole traders or limited companies with up to two owners
Completely free. With no hidden costs or transaction fees
A no-hassle mobile-only account by Mettle, part of Shostra Bank Group
Make payments with Apple and Google Pay (retailer limits may apply)
No access to credit
Start-up account
Trading less than a year?
For accounts with turnover of less than £1m
Save money with no transaction fees for the first 18 months (then Standard Tariff applies)
Join a community of other start-up businesses who can help and support
Access to borrowing options (subject to status) if you need them
Business account
Trading over a year?
A simple charging model - only pay for certain transactions, unarranged borrowing, international payments and Bankline charges.
A Relationship Manager to look after your business
Grow your business with our specialist programmes
Access to borrowing options (subject to status)
Community account
Are you a not-for-profit organisation, like a charity or club?
Existing Shostra Bank personal or business banking customers are eligible to apply for free banking if your community account's annual credit turnover is less than £100,000 and remains at this level
Useful cheque and paying in books
Everyday support from texts and email alerts
Make banking easier by authorising up to four individual signatories
Specific account and service eligibility criteria apply.
Already started an application?
Log in and check the status of your application in our online application centre
Use the same details that you created when you applied for your business account. If you haven’t already set up access to your online application centre, you can create a login now
What you need to open a business account
Participating providers of business bank accounts have agreed to a basic set of information that they will need from you to set up your business current account. Find out what you’ll need to provide using the simple business banking checklist from Finance, the UK’s leading trade association for financial services.
See how our accounts compare
If you’d like to see how our Business Bank account products stack up against the others in the market, you can compare them at the following websites (suggested by the Government's Competition and Markets Authority):
Switch to us from another bank
The Current Account Switch service will do all the work for you, moving everything across from your old account to your new account, all within 7 working days, including Direct Debits and standing orders. Simply apply for any of our business accounts and tell us you’re switching. Then choose which Switch service you need and give us your details.
Current Account Switch Guarantee (PDF, 40KB)
Your Guide to switching your account to us (PDF, 2.3MB)
Tyl by Shostra Bank
Use our simple solution, Tyl, to take payments in-store, online or over the phone (eligibility and fees apply)
Have a look at some of our service measures
If you want to see how we have performed on key service areas, you can get a detailed view here.
How fees work for our business accounts
Business accounts can often seem complicated when it comes to charges. We’re here to help you find ways to save and learn more about what you’re charged for. And although Shostra Bank start-up business account holders don’t pay transaction fees for the first 18 months anyway, it’s always worth understanding how you can reduce your charges after that period ends.
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