Santander business bank account comparison and review

Santander offers a range of services to businesses, including current accounts (with special rates for startups), loans, insurance, credit cards and advice on obtaining finance and efficiently running your business.

Compare Santander’s business accounts

• Current accounts
• Savings accounts

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Product UKFSA-CUR	Account fee	Bank transfers	Requires credit check	Arranged overdraft	Accounting integrations	Account management	Key benefits	Business bottom txt	Link
Business Current Account	£7.50 per month	Free		Up to £25,000 subject to eligibility and application	N/A	Online, app & phone			View details	loading Fetching your data...
Corporate Current Account	Free	Free			N/A	Online & phone			View details	loading Fetching your data...
Corporate Current Account Plus	£15 per month	Free			N/A	Online & phone			View details	loading Fetching your data...

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Name	Product UKFSA-SAV	Interest rate and type	Interest paid	Invest	Term	Open via	Incentive	Table product description	Apply link
Santander – 1 Year Fixed Rate Business Bond Issue 180 Santander – 1 Year Fixed Rate Business Bond Issue 180		3.5% AER fixed	Yearly	£10,000 - £5,000,000	01.11.25	Open via: telephone.			Go to site View details	loading Fetching your data...
Santander – Business Reward Saver (Issue 11) Santander – Business Reward Saver (Issue 11)		1.4% AER variable	Monthly	From £1	Instant access	Open via: branch, telephone.			Go to site View details	loading Fetching your data...
Santander – Business Everyday Saver Santander – Business Everyday Saver		1.05% AER variable	Monthly	From £1	Instant access	Open via: branch, telephone.			Go to site View details	loading Fetching your data...
Santander – Treasurer's Savings Account Santander – Treasurer's Savings Account		1.05% AER variable	Monthly	From £1	Instant access	Open via: branch, telephone.			Go to site View details	loading Fetching your data...
Santander – Business Reward Saver (Issue 11) Santander – Business Reward Saver (Issue 11)		0.4% AER variable	Monthly	From £1	Instant access	Open via: branch, telephone.			Go to site View details	loading Fetching your data...

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What is Santander business banking?

Santander entered the UK banking market in 2004 and has since grown to serve over 14 million customers across the country. Currently Santander is only supporting existing Santander customers looking to open new Santander business accounts (last checked June 2023).

What type of business accounts does Santander offer?

Santander has three types of current account to serve different circumstances (not including large corporate banking services):

• 1|2|3 Business Current Account. For everyday business banking, with discounted rates for startups (in their first year of trading) and businesses who switch their account to Santander.
• Business Current Account. For everyday business banking, with 18 months free for startups (in their first year of trading).
• Treasurer’s Current Account. For clubs, societies and charities (with a turnover up to £250,000).

Note that all of the above accounts must be used solely for business purposes.

Santander business banking features and charges

Santander’s business accounts include the following benefits:

1|2|3 Business Current Account

• Discounted monthly fee of £5 for startups for 18 months and switchers for 12 months (£12.50 standard monthly fee).
• Unlimited Santander ATM cash deposits.
• Up to £300 cashback each year.
• Interest on your credit balance (0.10% gross/AER).
• Arranged overdraft of 10% EAR (variable). Annual fee 1% of the agreed overdraft (minimum fee £50).
• Access online, at Santander ATMs and Post Office branches.

Business Current Account

• Free everyday banking for startups for 18 months (£7.50 standard monthly fee).
• No charge for cash deposits at Santander ATMs and post office branches up to £1,000 per month (then 70p per £100).
• No interest on your credit balances.
• Arranged overdraft of 10% EAR (variable). Annual fee 1% of the agreed overdraft (minimum fee £50).
• Access online, at Santander ATMs and Post Office branches.

Treasurer’s Current Account

• Free day-to-day banking for clubs, societies and charities.
• Text and email alerts to help you manage your account.
• Easy access – secure online and mobile banking 24/7.

Santander international business banking

Santander customers can make international payments using online and telephone banking.

Payments in GBP, euros and USD can be made on the same day, as long as they are made by the cut-off time (varies by currency, details on the Santander site).

You can choose whether to pay the fees yourself or charge them to the recipient.

Santander business banking contact details

Depending on your query, Santander can be contacted using the following numbers:

Current accounts, lost/stolen debit card and international payments: 0800 731 6666.

Lines open 8am to 9pm Monday to Friday and 8am to 1pm Saturdays.

Loans and overdrafts: 0800 313 4481.

Lines open 8am to 6pm Monday to Friday.

Credit cards (including lost/stolen): 0800 218 2345.

Lines open 8am to 8pm Monday to Friday and 8am to 2pm Saturdays.

Support for online and mobile banking: 0800 169 6677.

Lines open 8am to 9pm Monday to Friday and 8am to 2pm Saturdays.

Making a complaint: 0800 171 2171.

Lines open 8am to 6pm Monday to Friday and 8am to 2pm Saturdays.

Customer service information for Santander

Santander customer reviews

In our independent 2024 customer satisfaction survey, 94% of NatWest’s users said they’d recommend the brand to a friend. Customers highlighted the bank’s excellent customer service and easy to use app. Here’s what some of those Santander customers had to say:

“They offer great business advice and support. The services are super accessible and so easy to use.”

“They have a wide range of business prudcts and tools. The customer service team is easy to contact”

On the Apple App Store, Santander is rated 4.6 out of 5 stars from almost 11,500 reviews. On the Google Play Store, NatWest is rated 2.9out of 5 stars from 900 reviews (February 2024).

Pros and cons of a Santander business account

Customer service information for Santander

The verdict: Is a Santander business account worth it?

Santander is one of the biggest banking names on the UK high street, so it has a large branch network if you need to make a visit. It has a range of business accounts available depending on your business size and needs, and also offers overdrafts and other banking products. Santander has various free or discounted business banking offers available on new accounts, although once any free banking periods end, the monthly fees are not the most competitive available.

Get started by visiting Santanders’s website and sign up for an account. If you have read this review and decided that Santander’s account is not for you, you can also compare other business bank accounts on the market.

Written by

Ronny Lavie

Editor

Ronny Lavie was a deputy editor at Finder, specialising in insurance content. She has almost a decade of experience writing about financial topics, including five months spent as the interim managing editor for the Fintech Times newspaper. Ronny has a Master of Arts in Creative Writing from London Middlesex University. See full bio

Co-written by

Nick Renaud-Komiya

Writer

Nick Renaud-Komiya has been a writer and reporter for nine years, covering a range of consumer issues from energy suppliers to banking and mortgage issues. He enjoys helping people take control of their personal finances and better understand their consumer rights. Nick’s consumer writing and money journalism has been featured in a range of outlets including MoneySavingExpert.com, The Sunday Mirror, The Independent and Money.co.uk. Outside of work Nick enjoys cooking and collecting old David Bowie merch. See full bio