Provider profileLast checked 8 November 2026
Royal Bank of Scotland Business Current Account
A high-street business current account with no monthly fee, where you pay per transaction, and 2 years of free everyday banking for start-ups and switchers.
- Cheapest plan
- No monthly fee; 2 years of free everyday banking for start-ups (turnover under £1m) and full-switch customers (turnover up to £2m)
- Available in
- UK
- Your money
- Bank · FSCS cover
What it is
The Royal Bank of Scotland plc, registered in Scotland (SC083026). It is authorised by the PRA and regulated by the FCA and the PRA (FRN 114724).
How your money is protected
Eligible deposits are protected up to £120,000 by the FSCS. Royal Bank of Scotland's information sheet says deposits with Royal Bank of Scotland, Drummonds, Holts and Child & Co are added together under one limit; it does not list NatWest.
Our e-money vs bank account guide explains what this means if a provider fails.
Who can open one
Owners or directors aged 18 or over, with at least one UK resident on the application, a business registered for UK income or corporation tax, and no bankruptcy or County Court Judgment. Businesses trading under a year with turnover under £1m apply as start-ups. New customers based in England or Wales without an existing Royal Bank account are pointed to NatWest.
Headline fees
| Fee | Detail |
|---|---|
| Monthly account fee | None on the Standard Tariff |
| Automated payments in or out | £0.35 each, including Faster Payments, Direct Debits, standing orders, automated credits and cash machine withdrawals |
| Cash paid in or out | £0.95 per £100 at a branch, Post Office or deposit machine |
| Manual payments (cash or cheques at a counter or machine) | £0.95 per item, plus £0.95 per cheque |
| Cheques paid in through the app | £0.75 each |
| CHAPS | £25 via Bankline; £30 in branch |
| International payments | £15 via digital banking or Bankline; SEPA £0.35 via digital banking |
| Payments received from abroad | £7 |
| Card payments in a foreign currency | 2.75% |
Limits worth knowing
- Free banking for accounts opened on or after 20 April 2026 ends if cash paid in exceeds £200,000 in any 12 months.
- Free banking doesn't cover unarranged overdrafts, Bankline, international payments or additional services.
- Bankline, the alternative to free Digital Banking, has a monthly fee.
How it compares
- Incard vs RBSFees, cashback, foreign currency, protection and eligibility side by side.
- RBS alternativesAccounts to look at if RBS doesn't cover what you need.
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Our pick for card spendIncard: 1% cashback on ads, software and travel, on a £0 plan
Our pick for UK and Swiss businesses whose main costs go on cards, as long as you don't need bank deposit protection.
Read Incard vs RBSWork out your cashbackCheck eligibility
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- a month on the Free plan, with team cards
- £0
- cashback on ads, software and travel; 0.5% on other eligible spend
- 1%
- IBANs in three currencies
- GBP, EUR, USD
Check Royal Bank of Scotland Business Current Account's current terms
Fees and eligibility can change. Confirm them on the provider's own site before you apply.
Sources
All checked on 8 November 2026. Where a provider's help centre or legal terms differ from its marketing pages, we follow the help centre and terms.
- Royal Bank of Scotland: Business bank account
- Royal Bank of Scotland: Start-up bank account
- Royal Bank of Scotland: Business Current Account and Foundation Account charges (PDF)
- Royal Bank of Scotland: CHAPS and international payments (PDF)
- Royal Bank of Scotland: FSCS information sheet (PDF)
- Royal Bank of Scotland: Business Currency Current Account