Provider profileLast checked 8 November 2026
Santander Business Current Account
Business Current Account – Classic, a high-street account for UK businesses with up to two directors, owners or partners, with free UK electronic payments and a £9.99 monthly fee.
- Cheapest plan
- Free for 12 months for start-ups and switchers, then £9.99 a month
- Available in
- UK
- Your money
- Bank · FSCS cover
What it is
Santander UK plc, authorised by the PRA and regulated by the FCA and PRA (Financial Services Register number 106054).
How your money is protected
Eligible deposits are protected up to £120,000 per depositor by the FSCS. Deposits with Santander, cahoot, Santander Business and Santander Corporate & Commercial are added together, and sole trader balances are added to the owner's personal balances.
Our e-money vs bank account guide explains what this means if a provider fails.
Who can open one
Sole traders, partnerships, LLPs and private limited companies registered in the UK, with no more than two directors, owners (shareholders) or partners, each 18 or over and living in the UK. Payment institutions, e-money institutions and payment initiation or account information providers aren't accepted.
Headline fees
| Fee | Detail |
|---|---|
| Monthly fee | £9.99; free for the first 12 months for start-ups and switchers |
| Faster Payments, SEPA and other electronic payments | Free |
| Cash deposits | First £1,000 a month free at Santander cash machines, then £1.25 per £100; £1.25 per £100 at Santander and Post Office counters |
| Cash withdrawals | Free at Santander cash machines; £1.25 per £100 at counters |
| Cheque deposits | £0.70 each |
| CHAPS | £25 |
| International payments | £25 |
| Debit card payments and cash in a foreign currency | 2.95% (no fee at Santander cash machines in Spain) |
| Arranged overdraft | 1.75% of the limit a year (minimum £100), plus 14.94% EAR variable |
Limits worth knowing
- Cash machine withdrawals are limited to £500 a day.
- No interest is paid on the account.
How it compares
- Incard vs SantanderFees, cashback, foreign currency, protection and eligibility side by side.
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See all the accounts we've researched.
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 Santander BusinessWork out your cashbackCheck eligibility
We may earn a commission if you apply.
- 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 Santander 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.