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Landline 0161 798 9999

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Free Business Banking & Cash Back
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RBS Bank Business Bank Account

12 Months free* business banking - RBS Bank Business Current Account

Good banking services are essential to running a successful business.

We have teamed up with RBS to offer the best in business banking.

In order to trade as a Limited Company, you require a business bank account (you will not be able to pay in cheques made out to a Limited Company into a personal account).

Through our arrangement with RBS, Formations Direct offer a simple company formation and business bank account service. This means that as well as completing the formation of your new company, we will also help you to apply for a business bank account.

How it works:

  • On incorporation, your details will be sent to RBS via a secure link
  • Within 48 hours RBS will call you to open your account. Under most circumstances you will not need to visit a branch
  • Once your account has been opened, you can claim up to £75* cash back

Why use RBS?

RBS’ Small Business Bank Accounts was made to help your business have a promising start. With exceptional support and a full 2 years* of free banking, it is easy to see why RBS is one of the top banks for small businesses in the UK.

What RBS Give You

  • 2 years free banking**
  • 24/7 all year round business service and support
  • Manage your accounts online, by RBS mobile banking app, by phone or in branch
  • Receive alerts informing you of your account activity

Take a Bank account with any packages and claim upto £75 cashback* once your account is open


The RBS bank account is subject to normal bank credit and money laundering checks.

You’re Eligible If...

  • You require an account for business use
  • You are a sole trader, partner or director
  • You are over 18
  • You are a UK Resident

Sorry, but if you are not resident in the UK, we cannot offer you a bank account under this scheme.

Terms & Conditions

*Cash back only applies to UK customers who applied for their bank account through Formations Direct after August 1st 2016 and open a RBS Business Current Account within 3 months of application.

**Available to start-ups with an annual turnover less than £1 million, where the business has been trading for less than one year. RBS reserves the right to alter, amend or foreclose this offer without prior notice. All credit applications are subject to approval. Over 18’s only.

Free banking will commence from the date your account is opened and means that the charges for the day-to-day running of your account (known as your ‘service charge’) will not apply during the free banking period. Charges for ‘Unarranged Borrowing’, ‘Additional Services’ and ‘Bankline Charges’ are not part of the free banking offer. At the end of this period, you will automatically revert to the Standard Published Tariff. However, you will also have the opportunity to select a different tariff if your business banking needs have changed.

This offer is only available to companies with UK resident directors and shareholders. Companies with overseas or nominee directors and shareholders are not eligible for this offer.

This offer is only available to Limited Liability Partnerships or companies Limited by shares

Where accountants buy from Freephone 0800 085 45 05
Landline0161 798 9999
UK Company Formation Agent: Formations Direct Ltd Co. Reg.No. 4267328 (England). VAT Reg No GB 874 6436 87. All information on this web site is ©2014.
Use of this web site assumes agreement with our Terms and conditions