Unity Trust Bank is a socially responsible commercial bank. If you’re using this bank, you can be confident that your finances are being used to fund helpful projects in your local community.
It offers current accounts and savings accounts to businesses, as well as business loans.
What business bank accounts are available for Unity Trust Bank customers?
Business owners can apply for a current account or savings account.
Unity Current Account
The Unity Current Account is available for businesses with an annual turnover up to £2 million.
Businesses with turnovers under £100,000 will pay no fees on transfers in and out of the account. Those with a turnover between £100,000 and £2 million will pay 15p for every debit and credit account.
The account fee is £6 per month, charged quarterly. You can pay money into the Post Office, NatWest, RBS and Ulster Bank. There is no debit card available with this account.
Unity Custom Account
This account is for businesses with a turnover over £2 million. It comes with a dedicated account relationship manager and account fees are negotiable.
You can deposit money at branches of the Post Office, NatWest, RBS or Ulster Bank. There is no debit card available with this account.
Business savings accounts
Unity Trust Bank offers an instant-access account, and notice accounts with terms of 30 days and 90 days.
The instant-access account doesn’t pay interest on balances.
To open a notice account, you’ll need to deposit at least £500,000 (or £2 million for the 30-day account). The interest rates on this account are only available upon request.
How to apply for a Unity Trust Bank business account
You can apply for an account on the Unity Trust Bank website. Simply choose your account and the click on the red “Apply” button.
Alternatively, scroll to the bottom of the page and click the “Switch to us” button. Unity Trust Bank is part of the Current Account Switch Service that guarantees a seamless switch within seven days.
Pros and cons
Pros
Your finances will be used to fund socially responsible projects.
No transfer fees for businesses with low turnovers.
Cons
No debit cards available with current accounts.
No eye-catching perks available with current accounts.
No interest paid on its instant-access savings account.
You’ll need at least £500,000 to open a notice savings account.
Customer service information for Unity Trust Bank
Email support
Telephone support
In-app or live chat
Contact form
Branch support
Our verdict
It’s great that Unity Trust Bank has committed to funding socially responsible projects, but there aren’t that many perks available with its business banking products. The lack of debit cards, and the high balances needed to open a savings account, are huge flaws, for example.
There are many business bank accounts out there, so do your research before you commit you and your business to just one. See our guide to the best business bank accounts to find one that suits you best.
Get started by visiting Unity Trust Bank’s website and sign up for an account. If you have read this review and decided that Unity Trust Bank’s account is not for you, you can also compare other business bank accounts on the market.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
Matthew Boyle is a banking and mortgages publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife. See full bio
Matthew's expertise
Matthew has written 285 Finder guides across topics including:
Helping first-time buyers apply for a mortgage
Comparing bank accounts and highlighting useful features
XTB and eToro are cheap investment platforms with a lot to offer. We compare the features, fees, account types and more – side by side in eToro vs XTB.
Freetrade and Hargreaves Lansdown are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Freetrade vs HL.
Bestinvest and Hargreaves Lansdown (HL) are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Bestinvest vs Hargreaves Lansdown.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Advertiser Disclosure
Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
