{"componentChunkName":"component---src-templates-tide-templates-kv-2-template-index-tsx","path":"/knowledge/business-banking-switch/","result":{"pageContext":{"slug":"business-banking-switch","contentful_id":"1g7jJBlt9QDgUsJv4CFUko","title":"How to switch business bank accounts","metaDescription":"Businesses are switching banks to access cash rewards and premium benefits under a new switching scheme available to customers in over 40 UK banks.","isNoindex":false,"seo":null,"hero":{"title":"Business Banking Switch","description":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Switching your business bank account can help you find one that is more suitable for your business’s needs. Another bank might offer a better deal for your business.\",\"marks\":[],\"data\":{}}]}]}"},"heroImage":{"image":{"gatsbyImageData":{"images":{"sources":[{"srcSet":"https://images.ctfassets.net/7y9qslt4dryp/eqNMvhq1CUlgD2BCCt0rJ/4e3d3ddd1c15bdcafa6b4d0e74b12f57/3.png?w=84&h=159&q=80&fm=webp 84w,\nhttps://images.ctfassets.net/7y9qslt4dryp/eqNMvhq1CUlgD2BCCt0rJ/4e3d3ddd1c15bdcafa6b4d0e74b12f57/3.png?w=168&h=319&q=80&fm=webp 168w,\nhttps://images.ctfassets.net/7y9qslt4dryp/eqNMvhq1CUlgD2BCCt0rJ/4e3d3ddd1c15bdcafa6b4d0e74b12f57/3.png?w=335&h=636&q=80&fm=webp 335w","sizes":"(min-width: 335px) 335px, 100vw","type":"image/webp"}],"fallback":{"src":"https://images.ctfassets.net/7y9qslt4dryp/eqNMvhq1CUlgD2BCCt0rJ/4e3d3ddd1c15bdcafa6b4d0e74b12f57/3.png?w=335&h=636&q=80&fm=png","srcSet":"https://images.ctfassets.net/7y9qslt4dryp/eqNMvhq1CUlgD2BCCt0rJ/4e3d3ddd1c15bdcafa6b4d0e74b12f57/3.png?w=84&h=159&q=80&fm=png 84w,\nhttps://images.ctfassets.net/7y9qslt4dryp/eqNMvhq1CUlgD2BCCt0rJ/4e3d3ddd1c15bdcafa6b4d0e74b12f57/3.png?w=168&h=319&q=80&fm=png 168w,\nhttps://images.ctfassets.net/7y9qslt4dryp/eqNMvhq1CUlgD2BCCt0rJ/4e3d3ddd1c15bdcafa6b4d0e74b12f57/3.png?w=335&h=636&q=80&fm=png 335w","sizes":"(min-width: 335px) 335px, 100vw"}},"layout":"constrained","width":335,"height":635.9999999999999,"placeholder":{"fallback":"data:image/png;base64,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"}}},"imageDesktop":{"gatsbyImageData":{"images":{"sources":[{"srcSet":"https://images.ctfassets.net/7y9qslt4dryp/eqNMvhq1CUlgD2BCCt0rJ/4e3d3ddd1c15bdcafa6b4d0e74b12f57/3.png?w=146&h=277&q=80&fm=webp 146w,\nhttps://images.ctfassets.net/7y9qslt4dryp/eqNMvhq1CUlgD2BCCt0rJ/4e3d3ddd1c15bdcafa6b4d0e74b12f57/3.png?w=292&h=554&q=80&fm=webp 292w,\nhttps://images.ctfassets.net/7y9qslt4dryp/eqNMvhq1CUlgD2BCCt0rJ/4e3d3ddd1c15bdcafa6b4d0e74b12f57/3.png?w=584&h=1109&q=80&fm=webp 584w","sizes":"(min-width: 584px) 584px, 100vw","type":"image/webp"}],"fallback":{"src":"https://images.ctfassets.net/7y9qslt4dryp/eqNMvhq1CUlgD2BCCt0rJ/4e3d3ddd1c15bdcafa6b4d0e74b12f57/3.png?w=584&h=1109&q=80&fm=png","srcSet":"https://images.ctfassets.net/7y9qslt4dryp/eqNMvhq1CUlgD2BCCt0rJ/4e3d3ddd1c15bdcafa6b4d0e74b12f57/3.png?w=146&h=277&q=80&fm=png 146w,\nhttps://images.ctfassets.net/7y9qslt4dryp/eqNMvhq1CUlgD2BCCt0rJ/4e3d3ddd1c15bdcafa6b4d0e74b12f57/3.png?w=292&h=554&q=80&fm=png 292w,\nhttps://images.ctfassets.net/7y9qslt4dryp/eqNMvhq1CUlgD2BCCt0rJ/4e3d3ddd1c15bdcafa6b4d0e74b12f57/3.png?w=584&h=1109&q=80&fm=png 584w","sizes":"(min-width: 584px) 584px, 100vw"}},"layout":"constrained","width":600,"height":1139,"placeholder":{"fallback":"data:image/png;base64,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"}}}}},"pageComponents":[{"id":"dc002f09-393f-5662-a9be-de8a33c4df71","sys":{"contentType":{"sys":{"id":"templatesV2SectionListOfExpandedItems"}}},"title":"Are you thinking about switching banks?","items":[{"icon":"Hand holding bag of money","title":"Switching to another bank","description":{"raw":"{\"data\":{},\"content\":[{\"data\":{},\"content\":[{\"data\":{},\"marks\":[],\"value\":\"If you're unhappy with your business's current account, switching to another bank is relatively easy. Most banks will move everything from your old bank account to your new one, including any direct debits and standing orders.\",\"nodeType\":\"text\"}],\"nodeType\":\"paragraph\"}],\"nodeType\":\"document\"}"}},{"icon":"Lock","title":"Apply online","description":{"raw":"{\"data\":{},\"content\":[{\"data\":{},\"content\":[{\"data\":{},\"marks\":[],\"value\":\"To switch to a new bank, apply for a business account online and write a note that you are switching during the application process.\",\"nodeType\":\"text\"}],\"nodeType\":\"paragraph\"}],\"nodeType\":\"document\"}"}},{"icon":"Wallet","title":"Provide old bank account details","description":{"raw":"{\"data\":{},\"content\":[{\"data\":{},\"content\":[{\"data\":{},\"marks\":[],\"value\":\"You'll need to provide your old bank account details and tell the new bank when you want the switch to start. Under no circumstances will you ever be asked for any passwords.\",\"nodeType\":\"text\"}],\"nodeType\":\"paragraph\"}],\"nodeType\":\"document\"}"}}]},{"id":"24741a06-bf2e-5701-a5fb-84a96b41fc6e","sys":{"contentType":{"sys":{"id":"templatesV2SectionListOfExpandedItems"}}},"title":"How to switch business bank accounts?","items":[{"icon":"Banking institution","title":"Small fee","description":{"raw":"{\"data\":{},\"content\":[{\"data\":{},\"content\":[{\"data\":{},\"marks\":[],\"value\":\"It's standard practice that banks charge a small fee to their business clients per transaction.\",\"nodeType\":\"text\"}],\"nodeType\":\"paragraph\"}],\"nodeType\":\"document\"}"}},{"icon":"Document and coins","title":"Pay a fixed amount","description":{"raw":"{\"data\":{},\"content\":[{\"data\":{},\"content\":[{\"data\":{},\"marks\":[],\"value\":\"You'll pay a fixed amount with every payment or bank transfer, something that, over time, can add up to a substantial amount. \",\"nodeType\":\"text\"}],\"nodeType\":\"paragraph\"}],\"nodeType\":\"document\"}"}},{"icon":"Document and coins","title":"Better rate","description":{"raw":"{\"data\":{},\"content\":[{\"data\":{},\"content\":[{\"data\":{},\"marks\":[],\"value\":\"This is why shopping around for an account with a better rate might save you money in the long run as a small business owner.\",\"nodeType\":\"text\"}],\"nodeType\":\"paragraph\"}],\"nodeType\":\"document\"}"}}]},{"id":"6594ef77-75cd-5cd9-9731-705ff4b6b95e","sys":{"contentType":{"sys":{"id":"templatesV2SectionListOfExpandedItems"}}},"title":"What is the Current Account Switch Service?","items":[{"icon":"Rocket","title":"Five to seven working days","description":{"raw":"{\"data\":{},\"content\":[{\"data\":{},\"content\":[{\"data\":{},\"marks\":[],\"value\":\"This free service allows you to switch your current account from one bank to another in five to seven working days. \",\"nodeType\":\"text\"}],\"nodeType\":\"paragraph\"}],\"nodeType\":\"document\"}"}},{"icon":"Plant vase","title":"Close your old account","description":{"raw":"{\"data\":{},\"content\":[{\"data\":{},\"content\":[{\"data\":{},\"marks\":[],\"value\":\"It's easy to do, and once the switch is complete, you can close your old account and start using the new one immediately. \",\"nodeType\":\"text\"}],\"nodeType\":\"paragraph\"}],\"nodeType\":\"document\"}"}},{"icon":"Money bill","title":"Payment redirections","description":{"raw":"{\"data\":{},\"content\":[{\"data\":{},\"content\":[{\"data\":{},\"marks\":[],\"value\":\"As part of the switch, payments on your behalf, such as salary and subscription payments, will be moved to your new account once the account is open. Payment redirections can be set up for any credits or debits from your old account for up to three years.\",\"nodeType\":\"text\"}],\"nodeType\":\"paragraph\"}],\"nodeType\":\"document\"}"}}]},{"sys":{"contentType":{"sys":{"id":"templatesV2SectionHowDoesItWork"}}}},{"id":"23bbe9a5-c7a6-54c5-b7d2-44d81e5a7e44","placeholder":"Trustpilot carrousel","sys":{"contentType":{"sys":{"id":"templatesV2SectionTrustpilotCarrousel"}}}},{"title":"How to apply","descriptionCards":[{"title":"New bank plc","icon":"House and coins","description":{"raw":"{\"data\":{},\"content\":[{\"data\":{},\"content\":[{\"data\":{},\"marks\":[],\"value\":\"If you are eligible to switch to a new bank plc — one that is registered and regulated by the financial conduct authority — you will need to follow these steps:\",\"nodeType\":\"text\"}],\"nodeType\":\"paragraph\"},{\"data\":{},\"content\":[{\"data\":{},\"marks\":[],\"value\":\"\",\"nodeType\":\"text\"}],\"nodeType\":\"paragraph\"}],\"nodeType\":\"document\"}"}},{"title":"The steps","icon":"Wallet","description":{"raw":"{\"data\":{},\"content\":[{\"data\":{},\"content\":[{\"data\":{},\"marks\":[],\"value\":\"Go to the website of the bank you want to switch to, such as NatWest or RBS to apply. Enter your account number and sort code to confirm your eligibility. Browse and compare offers from participating banks. Choose an offer and apply.\",\"nodeType\":\"text\"}],\"nodeType\":\"paragraph\"},{\"data\":{},\"content\":[{\"data\":{},\"marks\":[],\"value\":\"\",\"nodeType\":\"text\"}],\"nodeType\":\"paragraph\"}],\"nodeType\":\"document\"}"}},{"title":"Meet the eligibility criteria","icon":"Money bill","description":{"raw":"{\"data\":{},\"content\":[{\"data\":{},\"content\":[{\"data\":{},\"marks\":[],\"value\":\"If you meet the eligibility criteria and all account checks are completed, any bank that is authorised by the financial conduct authority and the prudential regulation authority will expect the following:\",\"nodeType\":\"text\"}],\"nodeType\":\"paragraph\"}],\"nodeType\":\"document\"}"}},{"title":"Businesses with turnover of £400k+","icon":"Money bill","description":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"If you've been trading for more than a year and have sales of more than £400k in the last 12 months, the bank will, in most cases, assign you a dedicated business development manager to help with the switch.\",\"marks\":[],\"data\":{}}]}]}"}},{"title":"Businesses with turnover under £400k","icon":"Plant vase","description":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"If you've been trading for less than 12 months, or your business had sales of less than £400k in the last 12 months, you will need to call the bank's customer service number for more details about switching.\",\"marks\":[],\"data\":{}}]}]}"}}],"sys":{"contentType":{"sys":{"id":"templatesV2SectionFinancialProductInfo"}}}},{"title":"Estimate your costs today","description":"If you're ready to take your business to the next level, use our business loans calculator to get an idea of what you can afford.","calculatorType":"Business loans","sys":{"contentType":{"sys":{"id":"templatesV2SectionCalculator"}}}},{"sys":{"contentType":{"sys":{"id":"templatesV2SectionAccordion"}}},"title":"Learn more about switching bank accounts","accordion":{"accordionItem":[{"id":"ea8ee275-0f61-57b8-b44a-d309e5fd223d","label":"Is my bank participating in the scheme?","content":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"If your bank is registered in England and Wales with a registered office in either country, it will most likely be signed up for the big switch. How can I check? On their website, you can \",\"marks\":[],\"data\":{}},{\"nodeType\":\"hyperlink\",\"data\":{\"uri\":\"https://www.currentaccountswitch.co.uk/banks-building-societies/\"},\"content\":[{\"nodeType\":\"text\",\"value\":\"check if your current bank is participating\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"text\",\"value\":\" in the Current Account Switch Service. Over 40 UK banks and building societies are signed up for the Current Account Switch Service. \",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"heading-3\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Which banks offer incentives?\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"There are currently nine banks that offer incentives, and the independent Banking Competition Remedies Limited has chosen them.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"unordered-list\",\"data\":{},\"content\":[{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Arbuthnot Latham & Co.\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Clydesdale & Yorkshire Bank\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"The Co-operative Bank\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Hampden & Co.\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Handelsbanken\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Metro Bank\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Santander UK\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Starling Bank\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"TSB\",\"marks\":[],\"data\":{}}]}]}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"If the bank you were thinking of switching to isn't included in the list above, you can still \",\"marks\":[],\"data\":{}},{\"nodeType\":\"hyperlink\",\"data\":{\"uri\":\"https://www.fundingoptions.com/knowledge/business-current-accounts/banks/\"},\"content\":[{\"nodeType\":\"text\",\"value\":\"compare business current accounts\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"text\",\"value\":\" to find the one with the best terms and conditions.\",\"marks\":[],\"data\":{}}]}]}"}},{"id":"d7577904-170b-54a3-b078-ea92e45d0652","label":"Why switch?","content":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"The incentives will vary between cash and non-monetary offers. It might be an extended period of free business banking or access to premium benefits or even lower transaction fees.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Once you enter your details and are confirmed eligible, you can see the relevant offers available.\",\"marks\":[],\"data\":{}}]}]}"}},{"id":"138d4c6a-57e6-5181-a2a7-c86bac116055","label":"Check third-party provider permissions before you switch","content":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Permissions given to Third Party Providers (TPPs) to make payments on your behalf or access your financial data won't be transferred automatically to your new account as part of the Current Account Switch Service.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"unordered-list\",\"data\":{},\"content\":[{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Before closing your bank account, check whether you have any TPP permissions\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Once your new account is open, you can give any TPP access to it by providing them with your new business's current account details. You'll need to contact the TPP directly to set this up\",\"marks\":[],\"data\":{}}]}]}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]}]}"}}],"expandedAccordionItems":null}},{"sys":{"contentType":{"sys":{"id":"templatesV2SectionDisclaimer"}}},"disclaimer":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Please note that the information above is not intended to be financial advice. You should seek independent financial advice before making any decisions about your financial future.\",\"marks\":[{\"type\":\"italic\"}],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"It’s important to remember that all loans and credit agreements come with risks. These risks include non-payment and late-payment of the agreed repayment plan, which could affect your business credit score and impact your ability to find future funding. Always read the terms and conditions of every loan or credit agreement before you proceed. Contact us for support if you ever face difficulties making your repayments.\",\"marks\":[{\"type\":\"italic\"}],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Funding Options, now part of Tide, helps UK firms access business finance, working directly with businesses and their trusted advisors. Funding Options are a credit broker and do not provide loans directly. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. Funding Options can introduce applicants to a number of providers based on the applicants' circumstances and creditworthiness. Funding Options will receive a commission or finder’s fee for effecting such finance introductions.\",\"marks\":[{\"type\":\"italic\"}],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\\n\",\"marks\":[],\"data\":{}}]}]}"}}],"author":null}},"staticQueryHashes":["1250078025","1659198851","3682024094","3753363658"]}