Let's get started. The start up offer provides customer with a free banking and is available for 18 months. Visit our Support Centre to find the latest news, updates and practical advice for your business. We offer Online Banking, Mobile Banking and Bankline. Please read the information below before proceeding to apply: It will take you approx. Thanks for choosing our Business bank account. 3. Some of the features and benefits of NatWest’s sole trader business bank account. Choose the most convenient and easiest way for you to bank. This form should not be used to make changes to the information that the Bank holds about your business or any key account parties. Calls may be recorded for training and monitoring purposes. If your business will be based in Scotland, please give us a call on 0345 307 0600. Just keep your accounts up to date and submit your tax return on time. The account features have been designed to provide affordable and appropriate products and services to each segment. 20 minutes to fill this application out. We reserve the right to change or withdraw the start up offer without prior notice. NatWest is a well known high street bank in the UK and has been part … No minimum monthly charge - only pay for what you use, Just pay for certain transactions, unarranged borrowing, international payments and Bankline charges, See a full list of business account charges (PDF, 48KB), Our business customers can benefit from their own dedicated Relationship Manager, providing a single point of contact for your business (turnover and eligibility criteria apply), Link your business bank account directly with FreeAgent, Invoices, expenses and bank accounts in one place, FreeAgent is free for NatWest business customers, As a Natwest Business customer, you can access and apply for FreeAgent, Most banking activities available through Online Banking, UK based telephone banking lines open 24/7, 365 days a year. Start-up business account. To apply for a NatWest Business credit card, you must be a UK resident aged 18 or over and maintain a business bank account in the same legal entity name with NatWest. Legally, you can use your personal bank account for both business and non business transactions or you can set up a second personal bank account to use for your business. We’re on hand to help you. Your money is held in a ring-fenced account. For businesses in England or Wales, please call us on 0345 711 4477. As long as you bear that in mind, there is no legal reason why you cannot use tht bank account. Please follow our guidance here (opens in a new window) to ensure we have all of the information we require to process your account change. With Bankline you can view all your accounts on one profile, create multiple users with customised roles and make payments of all sizes securely. In the same list of 14 business current account providers, NatWest also ranked 5th for online and mobile banking services, 8th for SME overdraft and loan services, 9th for relationship/account management, and 11th for service in branches. Step 4. By starting your application, you confirm that you're giving us consent to run a credit check on you and any other people listed on your application. A business account designed for smaller businesses; Access to FreeAgent their free accounting software; Online banking; Award-winning mobile banking app; Telephone banking; Dedicated team to assist with business planning; Includes a Visa debit card Choose the most convenient and easiest way for you to bank. You only have to do this if you’re trading as a limited company, partnership or trust, in order to work out and report taxes correctly. Whether you are just getting started, or are already in business, FreeAgent could save you time and make it easier to manage your business finances. I am a sole trader and presently bank with the Bank of Scotland. Thank you for choosing a Royal Bank of Scotland Business Account. 1. A number of providers have created bank accounts that have been designed for those who are sole traders. If you run a limited company, your limited company’s registered name will appear as the bank account name. Fees apply, see the help centre for more details. If your business will be based in Scotland, please give us a call on 0345 307 0600. As a sole trader, you can use your personal bank account for your business finances but taking this approach can make life harder in the long run. Step 4. The best sole trader bank account depends entirely on your needs! It's important for you to understand how we use and share your information. As a sole trader, you are not legally required to have a business bank account – and like many, you can use your personal account for things like business purchases and paying staff. To help you get off to the best start, we have compiled this guide to sole trader bank accounts. It is available for eligible customers who are over 18 and have the right to be self-employed in the UK. One of the first things you need to organise when starting a business is a dedicated business bank account. Promoted It offers online banking, a banking app and telephone banking as standard, as well as some extra support intended to help new businesses. Many sole traders find they prefer to go with a traditional bank, while others like to try new technology and work with an exclusively mobile bank. Mettle is an e-money business bank account by NatWest that is provided by Prepay Solutions (PPS), a trading name of Prepay Technologies. Copyright © National Westminster Bank plc 2020, Lending options if your business has been affected by Coronavirus, Please choose an option below to continue, Switching to a Natwest Business bank account, Coronavirus Large Business Interruption Loan, Repayment holiday on existing business loans, Understanding your Coronavirus Business Interruption Loan, Bonds, guarantees and standby letters of credit, Get your business off the ground and moving, Coronavirus Bounce Back Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme (CBILS). How do I make my sole account into a joint account information below before proceeding to apply '' section which! Major task, and Commercial account one by post get off to the best business bank account and when want! The right to be aware of this in terms of overdrawn directors loans, s455 tax etc taxes easier. What it takes to run a limited company, your guide to switching your account to us (,. 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