Unlock your cash flow potential. At Yorkshire Bank we take a flexible approach to business borrowing.
Lending is subject to status and eligibility.
All we'll need from you is the date you want the switch from your old account to ours to happen. You can tell us when you apply, the service is free to use and takes just 7 working days to complete.
As part of the Switch Guarantee, we’ll handle it all for you and keep you updated along the way.
*If you have a debit balance on your old account, you'll need to either pay this off or arrange a planned borrowing limit with us (subject to status and eligibility), before your switch starts, otherwise your account will not be closed.
The Current Account Switch Service moves your current account from one bank or building society to another in just seven working days. If there are any holdups which mean you lose or pay interest or other charges, you'll be refunded. The whole process is quick, reliable and guaranteed.
We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.
For more information go to www.currentaccountswitch.co.uk
If we agree, you'll also be able to transfer your overdraft to us using the Current Account Switch Service. Just tell us before starting your switch. We'll let you know if you're eligible.
that employ fewer than 50 employees, and have an annual turnover of no more than £6.5m (including sole traders, partnerships and small businesses)
Small charities with an annual income of less than £6.5m
with a net asset value of less than £6.5m
While the Current Account Switch Service is only available to smaller business, if you’re a larger business looking to switch to us, we’ll make sure you get the support you need. As part of our Payment Transfer Service, we can help you transfer your direct debits and standing orders to your new account. You’ll need to transfer your balance and close your old account yourself. But don’t worry – your relationship manager will guide you through the whole process to make sure nothing important gets missed.
This service is still free, but it may take longer than 7 working days and isn’t backed by the Current Account Switch Guarantee.
Whichever account you choose, you’ll have access to a range of services and support to help make managing your money and accounts simpler.
Not all banks or building societies in the UK offer the Current Account Switch Service. We can still help you switch your account and any regular payments to us when we are unable to use the Current Account Switch Service.
As your new bank we will take care of everything, managing the switch process from start to finish. This service is completely free; however it isn't covered by the Current Account Switch Guarantee.
Once you have opened an account with us, we will ask you to complete a simple form and then we'll contact your old bank or building society within two business days to request a list of all your regular payments and regular credits received into your account for the last 13 months. Your old bank or building society should send us this information within five business days.
Once we receive the information from your old bank or building society we will arrange for any Standing Orders, Direct Debits and any regular credits made to your account to be transferred to your new account with us within five business days. We will contact you to agree a date to complete the switch.
The Current Account Switch Service will redirect payments to your new account. Each time an electronic payment is redirected an automatic message is sent back to the originator advising them of the new account details so they can update their records. Some organisations may contact you directly to confirm your details have changed.
Our Payment Transfer Service could be the answer if you’re not eligible for the Current Account Switch Service, or don’t want to use it.
This service lets you transfer your direct debits and standing orders from your old account to your new one over a three month period. You can make all the changes from the same date or at different times.
With the Payment Transfer Service your old account stays open and we won’t give your new account details to anyone who makes payments to your old account.
The Payment Transfer Service isn’t covered by the Current Account Switch Guarantee. However it is available to all customers and for more types of current account.
From 14 August, we’ll stop setting aside money for payments due on a Monday, which means the money will still be in your account over the weekend. Please ensure you have enough money in your account for Direct Debits and standing orders due on the Monday (or the next working day after a bank holiday).Continue to Yorkshire Bank Internet Banking as normal
A new version of our app is now available – If you don’t receive automatic app updates, we recommend you update to the latest version now before proceeding.
From 14 August, we’ll stop setting aside money for payments due on a Monday, which means the money will still be in your account over the weekend. Please ensure you have enough money in your account for Direct Debits and standing orders due on the Monday (or the next working day after a bank holiday).Continue to Virgin Money Business Internet Banking