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.


Why OakNorth?

- Open an account in days, not weeks or months.
- Earn 3.35% AER* interest on idle cash with easy-access savings.
- 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.
- Get notified about all the important stuff: transactions, statements and account activity.
- We’re big on security. Benefit from multi-factor authentication, 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 a turnover of £1 million+ or deposits a minimum of £100,000. For property companies, assets exceed £1 million.
- You are a Director of one of the following company types: 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 are a UK tax resident, registered with HMRC.
- You are aged 18 or over.

*Correct rate as of Thu 7 Nov


If you have any questions, email joinbusinessbanking@oaknorth.co.uk.

We’re a fully regulated UK bank. Not only are we regulated and authorised by the Financial Conduct Authority and the Prudential Regulation Authority, but we’re also covered by the Financial Services Compensation Scheme (FSCS), meaning all eligible deposits are too (up to £85K).

OakNorth is registered in England (no. 08595042) at 57 Broadwick Street, London England W1F 9QS, UK.