OakNorth Business

Need a bank account for your growing business? You’re in the right place. The OakNorth business account empowers companies to scale at speed. Apply via the app – it only takes 10 minutes. Available to companies registered in the UK. See the full eligibility criteria below. **Why OakNorth?** - Open an account in days, not weeks or months. If you run a group of companies or have several different business interests, you can open multiple company accounts as and when you need. - Earn interest on idle cash with a built-in easy-access savings account. You can also open a Notice account that tracks the Bank of England base rate, or choose a Fixed Term account and know exactly what you’ll earn. - Send and receive payments quickly and securely, even amounts over £1 million. - Spend fee-free with the OakNorth Visa debit card, and order as many cards as your team needs – at no extra cost. - Open additional current accounts instantly and categorise your funds however you like. - Add team members to your account, and set permissions for each user. - Assign your team the roles of requester or approver and set up a payment approval workflow to manage spending. - Set up bulk payments on web and track them in the app. - Sync your account with Xero, Sage or NetSuite to keep your transactions automatically up to date across platforms. - Get notified about all the important stuff: transactions, statements and account activity. - We’re big on security. Benefit from multi-factor authentication, biometrics, superior fraud detection systems and strong encryption. - Your own dedicated Business Partner – someone who knows you and your business so you never have to repeat yourself. - Manage your account seamlessly on both the app and web. **Eligibility criteria** You can apply for an account if: - Your company has an annual turnover of £1M or more, or deposits at least £100K. For property companies, assets exceed £1M. - You’re a director of one of the following: Limited Company, Private Unlimited Company, PLC, LLP, Overseas Company, or select Private Limited Companies. - Your company is registered and active with Companies House in the UK. - You’re a UK tax resident, registered with HMRC. - You’re aged 18 or over. If you have any questions or need help, contact our team by emailing [email protected]. OakNorth is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (under registration number 629564) and the Prudential Regulation Authority. Your eligible deposits with OakNorth are protected up to a total of £120,000 by the Financial Services Compensation Scheme. Registered in England (no. 08595042) at 57 Broadwick St, London, W1F 9QS, UK.