TSB is only accepting business current account applications from existing customers at this time. If you don’t already have a TSB account, TSB won’t be able to accept your application for a business current account. If you submitted an application before 20 September 2024, it will be progressed and TSB will be in touch. If you’re still interested in business bank accounts, check out our comparison of business bank accounts in the UK 2024.
TSB is a high street bank in the UK that was formerly part of the Lloyds Banking Group and is now owned by Spanish financial group Sabadell. TSB offers a range of banking products to its customers, which includes a business account. We picked it as the best high street business bank account because of the extra support it offers as well as its long introductory fee-free period.
To make comparing even easier we came up with the Finder Score. Fees, features and customer service across 20+ of the most popular banks are all weighted and scaled to produce a score out of 10. The higher the score the better the account – simple.
Read the full methodologyWe currently don't have that product, but here are others to consider:
How we picked theseTSB offers one type of business account, called Business Plus. When you switch to TSB, you won’t pay any account maintenance fees for 30 months if you keep your account within your agreed limits and avoid being overdrawn without an arranged overdraft.
After this free period, you’ll be transferred onto a standard tariff, which includes a monthly fee. But it’s worth noting that if your business account balance averages above £10,000 over the course of a month, you won’t be charged the fee for that month.
On the standard tariff there are also some small charges for cheques and cash. But direct debits, other electronic payments and ATM withdrawals are all still free.
As well as Square and Enterprise Nation, TSB offers deals with other selected partners, including:
You can make international payments from the Business Plus account, but it doesn’t really have any other international banking services or offer a linked euro or dollar account.
The business debit card is operated by Visa, so it can be used by cardholders to make payments anywhere in the world that Visa is accepted.
In our independent 2025 customer satisfaction survey, 83% of TSB’s users said they’d recommend the brand to a friend. Here’s what some of those TSB business customers had to say in our survey:
“Always a person to speak to and not a call centre.”
“They are great and very reliable.”
“Easy to use and do everything online.”
On the Apple App Store, TSB’s business banking app scored 4.8 out of 5 stars based on over 520,000 reviews. On the Google Play Store, the app scored 4.6 out of 5 stars, from more than 235,000 reviews (April 2025).
On the reviews platform Trustpilot, TSB has a score of 4.3 out of 5 – classed as “Excellent” – based on more than 26,000 reviews of the bank as a whole (last updated April 2025).
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Although it’s a high street bank, TSB only offers the one business account, but it is a pretty decent option. You can bank online, by mobile or in-branch, and have the option of a free or discounted Square card reader or terminal to take customer payments. There’s not much in the way of reporting or invoicing tools, like you get with some of the digital-only business accounts (unless you pay), but you can link up to software such as Xero and QuickBooks.
Get started by visiting TSB’s website and sign up for an account. If you have read this review and decided that TSB’s account is not for you, you can also compare other business bank accounts on the market.
By telephone:
0345 835 3858 – lines are open Monday to Friday 8am to 6pm and Saturday 9am to 2pm.
Website live chat:
The automated chat service is available 24/7, then the live chat is staffed by customer support advisers from 9am to 4:30pm on Monday to Friday (excluding bank holidays).
All user-submitted reviews must meet our review guidelines. These set out our standards and expectations, including that the review is from by a genuine user of the relevant product or service and that it is honest, authentic and respectful. We explicitly prohibit fake or otherwise misleading reviews and we check all submissions, but we make no guarantee as to the authenticity of any published review or reviewer. Some reviews may be submitted (regardless of sentiment) in exchange for entry into any competition(s) for which we are the promoter.
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