Let us take the headache out of switching
If you’re switching your business account from another bank, we can do all the work for you. With the Current Account Switch Service, we’ll move everything from your old account to your new one. And that includes moving Direct Debits and Standing Orders too.
To switch to us, just apply for a business account and tell us you’re switching during the application. Then choose the Current Account Switch Service you need, give us your old bank account details and tell us when you want the switch to start.
The service you'll need depends on whether you need to keep your old account open, your eligibility (based on business circumstances), the mandate authorisation with your old bank and whether your old bank is part of the Current Account Switch Service.
You can find out more about each service from the FAQs below, or in our Switching Guide (PDF, 2.3MB).
Shostra Bank Business Banking is available to eligible customers, over 18 who have the right to be self-employed in the UK. Eligibility criteria apply.
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 it
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)
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*
Useful cheque and paying in books
Everyday support from texts and email alerts
Make banking easier by authorising up to four individual signatories
Finance is subject to status. Security may be required. Product Fees may apply.
* Eligibility criteria applies
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.
If you've given permissions to Third Party Providers (TPPs) to make payments on your behalf, or to access your financial data, access to these services won't be transferred automatically to your new account as part of the Current Account Switch Service.
Please check our terms and conditions for more information about Third Party Providers.
