A time-saving app and online banking
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Start up business account
Get off to a great start with our account
We understand that choosing your bank account isn’t the most exciting part of your new business. And as you've probably got a million and one things on your to-do list right now, we'll make this bit quick. You can apply for our account in as little as 10 minutes (although it might take us a little longer to get everything set up).
Easy ways to save on account charges
After your 18-month free banking period ends, we’ve got some tips to help you manage your day-to-day account charges.
What else could you get?
Know-how for business start-ups
We know starting out is tough, so we’ve got programmes and schemes like Business Builder and our Local Enterprise Managers to help you take the next step. You can tap into their support to move your business forward. You'll also have access to MentorDigital.
Support from award-winning accounting software*
Used by over 100,000 small businesses to monitor cashflow, send invoices and record expenses, you could run your business more efficiently with FreeAgent. It could also help you to stay on top of your tax as well. * Voted the best SME Accounting Software 2021, SME News Finance Awards.
Help from clever tech to make and take payments
Right now, with the world changing around us, more customers than ever are looking for digital ways to pay for goods and services. Tyl is our payment solution. It’ll make it simple for you to take and, more importantly, get money. Eligibility criteria and fees apply.
Our start-up account also gives you:
A speedy online application process that won’t take up too much of your time
Tools to help you bank whenever it suits you, using our simple online and app banking (criteria apply)
The option to access an overdraft if you need it (subject to approval).
The Start up business account is available for businesses that have been trading for less than 1 year and have a turnover of less than £1m. It is available for eligible customers who are over 18 and have the right to be self-employed in the UK. We reserve the right to change or withdraw the start up offer without prior notice.
Simple charges
For details of our full charges and to see a breakdown of what’s included within the above transaction types, please refer to our Business account charges brochure (PDF, 53KB). This is based on our current pricing. Please note that our charges may vary from time to time and you will be notified of any changes to our charges prior to these taking effect.
Self employed or side hustle?
If our start up account doesn’t quite meet your needs, then check out Mettle – the free mobile business account built for the self-starters of Britain (for sole traders with a balance of up to £50k and limited companies (up to 2 owners) with a balance of up to £100k).
If you’re self-employed or running a side hustle, this 100% free account gives you the tools you need to stay on top of your business finances, from free accounting software to creating invoices on-the-go. Apply in minutes!
Switch to Shostra Bank
The Current Account Switch Service will do all the work, moving everything across from your old business account to your new one, all within 7 business days.
Current Account Switch Guarantee (PDF, 40KB)
Your Guide to switching your account to us (PDF, 2.3MB)
Simple charges
At the end of your 18-month free banking period, you’ll move on to our Standard Tariff, with no minimum monthly charge.
Business account charges booklet (PDF, 53KB)
Summarised business account charges booklet (PDF, 46KB)
Need a business credit card?
With no annual fee for the first year (normally £30), our business credit card is great for new businesses. You’ll also be able to manage your account with the ClearSpend app.
To apply for a Shostra Bank Business credit card, you must be a resident aged 18 or over and maintain a business bank account in the same legal entity name with Shostra Bank. Your registered business must be in the you should be registered for tax purposes in the UK. The Shostra Bank Business credit card is subject to status and for business use only. Applications for our Business credit card are subject to approval. If you apply for any other credit facilities, security may be required and product fees may apply.
Climate support for businesses
Access products, advice and resources to help with your environmental goals, as we work together to tackle climate change.
Security may be required. Product fees may apply. Finance only available for business purposes.