Natwest: The four main accounts available to British businesses  | Personal Finance | Finance


NatWest has offered business support for over 50 years, and has proved a trusted name for people across the country. And with the economic uncertainty brought about by the COVID-19 crisis, many will be looking to secure their business’ finances long-term. Fortunately, there are a variety of options which are available for Britons through NatWest.

This account also offers the perk of 18 months transaction fee free business banking.

Businesses will only be required to pay for unwarranted borrowing and additional services.

After this period, standard tariffs will then apply on a pay as you go basis. 

The account is only available to customers who are over the age of 18, and have the right to be self-employed in the UK.

A final option for British businesses is the NatWest Community Account – specifically designed for not-for-profit organisations.

NatWest provides free banking for these companies, as long as their turnover is less than £100,000.

Once again, 18 months free banking is available if the organisation is a startup and provides additional support.

This includes free accounting software, a Visa debit card, and a chequebook.

At present, NatWest states it is currently prioritising account applications for existing customers.

Its website states: “Unfortunately this means we are not able to accept new applications for customers of other banks.”

However, this is a temporary measure, and business accounts for outside customers will be reopened soon. 

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