Why is there a minimum turnover requirement for your business and charity current accounts?

We accept applications for current accounts from organisations with a turnover of above £50,000. Note that there is no turnover requirement if you wish to open a deposit (savings) account for your organisation.

We recognise that this minimum turnover requirement may exclude organisations and businesses that would like to open a current account with us. However, we need to strike a balance between managing an increased demand for sustainable banking and continuing to provide a high level of customer service to our existing customers. 

Our ambition is to make improvements to our business current account in the future, and to be able to offer an enhanced product offering to a wider range of businesses as soon as possible.

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