Danske Bank Business Account Overview

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  • Danske Bank offers business banking services in the UK. Find out more about their accounts, how you can apply, and what sort of features you can expect.
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Information written by Henry Williams Last updated on 16 June 2022.

Danske Bank has been in operation for over 200 years. Based in Scandinavia, it has a presence providing banking services to small businesses in Northern Ireland, and a growing presence in Great Britain with one branch in London currently.

Danske Bank has a number of offerings for small and large businesses, with online, in-branch, and Post Office banking services available. It also provides loans and overdrafts to help fund growth.

Find out more about Danske Bank’s business offering and what its customers are saying about it.

What business accounts does Danske Bank offer?

Danske currently offers two bank accounts for small businesses with a turnover of less than £1 million.

Danske Small Business is tailored to businesses that like to use both in-branch and online banking services.

Danske Small Business Digital is tailored to businesses that prefer to exclusively use the Post Office network and online banking services.

With both, you receive a Mastercard Business Debit Card and currently get free access to District, Danske Bank’s online financial platform.

The main difference between the two accounts is in the fees for using services.

» COMPARE: Business bank accounts

How do I open a Danske Bank Business Account?

If you already have a business bank account, you can make use of the Current Account Switching Service. Just choose a switch date and Danske Bank will take care of all the logistics by moving any funds, regular payments, and overdrafts to your new bank account.

If you’re opening a business bank account for the first time, you can currently apply to open a Danske Bank Business Account either by phone or in a branch.

» MORE: How to open a business bank account online

What features does the Danske Bank Business Account offer customers?

  • A variety of finance options are available, such as overdrafts, fixed and variable rate loans, bridging loans, and asset, trade and invoice finance
  • Mastercard debit and credit cards
  • Use District, Danske Banks own customisable online financial platform to manage international payments and transactions, manage your company cards, and stay up to date with exchange rates
  • Access banking services, including payments, accounts, and admin, from smartphones or tablets on Apple or Android
  • Use Digital Signing Portal to sign documents from your digital devices

How does Danske Bank compare to other banks?

Danske Bank Business Account details
FCA regulated Yes
FSCS protection Yes
Licensed bank Yes
Free UK transfers Yes, on Small Business Digital
Cash deposits Yes
Free ATM withdrawals No
Integration with account software No
International transfers Yes
Create and send invoices No

What do other Danske Bank Business Account reviews say?

The Danske Bank app has positive reviews from its customers on the app store.

  • App Store: 4.4 out of 5, based on 2,300 reviews
  • On Trustpilot, Danske Bank has 2.2 out of 5, based on 13 reviews

This information is correct as of 3 May 2022.

Conclusion

For small business customers in Northern Ireland, Danske Bank currently offers two small business accounts, which can be used in-branch or digitally.

Danske Bank also gives you access to a range of finance options – such as overdrafts, fixed and variable loans, bridging loans, and asset, trade and invoice finance – so you can find a way to fund growth that suits your particular circumstances.

For businesses that prefer to use mobile and digital services, Danske Bank’s online banking platform is customisable and can be accessed from a range of devices, meaning you can pay suppliers and manage company cards while on the move.

Danske Bank Business Account FAQs

Who owns Danske Bank?

Danske Bank is owned by Danske Bank Group and is the trading name of Northern Bank Ltd.

How do I use my Danske Bank business account online?

Business customers currently get free access to District, Danske Bank’s online banking platform, on which they can manage their finances, make payments, and manage their cards.

Is there a Danske Bank business online app?

Yes, there is a Danske Bank business online app that you can access from different digital devices. You must be registered with District, Danske Bank’s online financial platform, to be able to use the app.

Can I get a Danske Bank Business Account?

If you meet the eligibility criteria then currently you could choose to open a Danske Bank Business Account either over the phone or in-branch.

Where does the Danske Bank operate?

Danske Bank primarily operates in Denmark, Finland, Norway, and Sweden, but also has a presence in Northern Ireland and the Republic of Ireland, the UK, Poland, and the USA.

Is there a Danske Bank business credit card?

Yes, Danske Bank offers its business customers two credit card options, the Mastercard Corporate classic and the Mastercard Corporate Platinum.

About the author:

Henry is passionate about helping individuals and businesses stay informed. Over the last 8 years, he’s written for startup and small business sites, with a focus on finance, insurance, and websites. Read more

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