Need a business banking solution for your growing business? You’re in the right place.
OakNorth business banking empowers high-growth businesses with over £1m turnover, £1m in real estate assets, or £100k+ deposits, to scale at speed. Full eligibility criteria can be found below.
Apply via the app now - it’ll only take 10 minutes.
WHY OAKNORTH?
- Open a business current account in days, not weeks or months
- Earn 3.85% AER* interest on idle cash with easy-access savings
- Access to your own dedicated Business Partner – someone who actually knows you and your business, so you never have to repeat yourself
- Send and receive payments quickly and securely, including large amounts (£1M+)
- Issue your team with as many Visa debit cards as needed, and safeguard team spending §
- Add your entire team to your account, and set roles and permissions for each user
- Set up payment approvals to mirror your usual workflow
- Get notified about all the important stuff: transactions, statements and essential account activity
- We’re big on security: From multi-factor authentication and biometrics to superior fraud detection systems and strong encryption, you and your money are safe with us
ELIGIBILITY CRITERIA:
You can apply for an OakNorth business banking account if:
- Your company has a turnover of over £1 million or you want to deposit a minimum of £100k
- In case of a property company, your company has assets of over £1 million
- You are a Director at any one of the following company types: Limited Company, Private Unlimited company, PLC, LLP, Overseas Company or certain types of Private Limited companies.
- Your company is registered in the UK with Companies House
- Your company has an active status on Companies House
- You are a tax resident in the UK (registered with HMRC), and no other countries
- You are aged 18 years or over
* Variable rate correct as of 4-Jul-2024.
§ Spending limits coming soon.
If you have any questions or want to know more about OakNorth, reach out to us via [email protected].
We’re a fully regulated UK bank. Not only are we regulated and authorised by the Financial Conduct Authority and the Prudential Regulation Authority, but we’re also covered by the Financial Services Compensation Scheme (FSCS), meaning all eligible deposits are too (up to £85K).
OakNorth is registered in England (no. 08595042) at 57 Broadwick Street, London England W1F 9QS, United Kingdom.