Santander Business Account Overview

Santander  Business Bank Accounts logo

Santander business banking is available for a range of criteria. Find out more about what accounts are available, how to open one, and what features you could expect. Santander Business Bank Accounts

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Information written by Dan Barraclough Last updated on 22 June 2022.

Santander is a multinational bank with roots going back to 1879. It has over 450 branches in the UK currently and has won the Business Moneyfact ‘Best Business Bank of the Year’ every year from 2015 to 2021.

Santander has a variety of business accounts, offering online and mobile banking. Read on below to learn more about Santander business banking’s features and more.

What business accounts do Santander offer?

Santander business banking currently offers two current accounts and one treasury account, which we’ll provide a little information about below.

Santander 1|2|3 Current Account

Startups currently get a discounted monthly fee for the first 18 months.. This account also currently includes cashback each year and unlimited Santander ATM cash deposits.

Business Current Account

On the Business Current Account, Santander currently offers free everyday banking to startups for 18 months, charging a fee after that period.

Treasury Account

This account is designed specifically for non-profit organisations, such as charities, societies, and clubs, it currently offers free everyday banking.

» COMPARE: Business bank accounts

How do I open a Santander Business Account?

You can apply to open a Santander Business Account online via the official website. Santander provides an application checklist to help you figure out which documents you’ll need before you apply.

Alternatively, if you are eligible, you can switch to Santander business banking within seven days using the Current Account Switch Guarantee service.

You can also compare business bank accounts through the comparison tool at the top of this page to help potentially find the right deal for your business.

» MORE: How do I open a business bank account online?

What features does the Santander Business Account offer customers?

Santander business banking currently offers a wide range of features, including:

  • Discounted monthly fees and free introductory periods for start ups
  • Online and mobile banking
  • Business credit card
  • Accept card payments using Elavon
  • Fixed-rate business bonds
  • Business savings accounts
  • Text and email alerts

How does Santander compare to other banks?

Santander Business Account details
FCA regulated Yes
FSCS protection Yes
Licensed bank Yes
Free UK transfers Yes
Cash deposits Yes
Free ATM withdrawals Yes
Integration with account software Yes
International transfers Yes
Create and send invoices Yes

What do other Santander Business Account reviews say?

Below, you’ll find several Santander business banking reviews.

  • App Store: 4.5 out of 5, based on 3 reviews
  • Google Play: 3.5 out of 5, based on 556 reviews
  • TrustPilot: 1.3 out of 5, based on 4,486 reviews

This information is correct as of 05/05/2022.

Conclusion

Santander has a range of services, accounts and finance options available to support smaller and larger businesses.

Overall, Santander business banking could be an option for businesses looking to get up and running with discounted banking fees within its first year.

Something to consider is that Santander has won ‘Best Business Current Account Provider’ 19 years in a row.

Santander Business Account FAQs

Who owns Santander?

The Santander bank is part of Banco Santander.

Do Santander charge for business accounts?

Yes, Santander currently charges monthly fees on its business current accounts.

How much can I transfer with my Santander business account?

Daily transaction limits may apply, depending on the current account you choose. You’ll need to contact Santander directly to see how much you can transfer each day.

Is there a Santander business online app?

Yes. The business app is available on the App Store and Google Play store.

Can I get a Santander Business Account?

You can apply for a Santander business banking account via the Santander website. You might need specific documents and photographic IDs in order to complete your application.

You can compare business bank accounts using the comparison tool on this page if you want to see deals from different providers.

» MORE: How many business bank accounts should I have?

How long does it take to open a Santander Business Account?

Santander is backed by the Current Account Switch Guarantee, which means you can switch to Santander business banking within seven days.

Is there a Santander business credit card?

Yes. Santander currently offers a credit card for those with either a 123 Business Current Account or Business Current Account.

About the author:

Dan is an experienced writer of B2B and B2C content, having written for start-ups, small businesses and household name brands. His specialist topics include finance, insurance and business energy. Read more

Services offered by this provider may change over time. Always check Ts&Cs.

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