*No charges for cash/cheque deposits, withdrawals, Direct Debits or other automated transactions for an initial period. Cash transaction limit of £250,000 p/a. Qualifying criteria applies.
*No charges for cash/cheque deposits, withdrawals, Direct Debits or other automated transactions for an initial period. Cash transaction limit of £250,000 p/a. Qualifying criteria applies.
Contact us about a general enquiry.
Unlock your cash flow potential. At Yorkshire Bank we take a flexible approach to business borrowing.
Lending is subject to status and eligibility.
Businesses turning over less than £2 million qualify. Annual cash transaction limit £250k. Other fees & qualifying criteria apply. T&Cs online.
25 months’ free day-to-day banking
Eligible SMEs enjoy free banking for 25 months when switching to or opening a Business Current Account, if you have a turnover under £2m. No charges for day-to-day banking for initial period. Cash transaction limit of £250,000 p/a. Excludes international, CHAPS and BACS payments. Qualifying criteria applies.
Innovative new online banking
Bank on the go with online banking and our mobile banking app.
Personal service
We offer a relationship-based approach to banking.
Tailored funding
We work closely with you to help you get the right funding for your business. Subject to status and eligilbity.
If you’re interested in switching to Yorkshire Bank, you can apply for your new current account and organise your switch online. Eligibility criteria applies.
Yorkshire Bank is participating in the Business Banking Switching Scheme.
If you’re a small business, charity or trust, the Current Account Switch Service takes the hassle out of switching your account to Yorkshire Bank. As part of the Switch Guarantee, we’ll handle it all for you and keep you updated along the way. The service is free to use and takes just 7 working days to complete.
*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.
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 days and isn’t backed by the Current Account Switch Guarantee.
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.
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.
See all switching FAQs See all switching FAQs
Period 1st July 2018 to 31st December 2018:
Commitments Old Bank
|
Target
|
Target %
|
Achieved %
|
---|---|---|---|
Forward new bank, and/or Small and Medium Enterprises (SME) as requested, details of SME's existing direct debits ("DDs") and standing orders ("SOs") following receipt of request to do so from SME or new bank (authorised by SME). | By close of business on the second working day following the working day of receipt of the request. |
80
|
100
|
Action request by new bank (authorised by SME) or by SME to cancel DDs and SOs. | By close of business on the second working day following the working day of receipt of the request or, where a later date for action is specified by, or agreed with, new bank or SME, by such later date. |
80
|
100
|
Where applicable, action request by new bank (authorised by SME) or by SME to transfer, in the manner requested, the available balance remaining in SME's account with it to new bank or to SME. If requested by SME or by new bank (authorised by SME), close account. | By close of business on the third working day following the working day of receipt of the request. An additional working day is applicable where the SME or new bank (authorised by SME) has requested closure of the account (i.e. a total of four working days to close the account whether it has a credit or zero balance). |
80
|
100
|
Where applicable, on receipt of sufficient cleared funds from new bank or SME to clear balance of SME's overdraft (including interest and costs), level off SME's account (showing the balance as zero) and, if, in addition, requested by SME or new bank (authorised by SME), close account. | Within 3 working days following the working day of receipt of the funds from SME or new bank. An additional working day is applicable where the SME or new bank (authorised by SME) has requested closure of the account. |
80
|
100
|
Period 1st July 2018 to 31st December 2018:
Commitments New Bank
|
Target
|
Target %
|
Achieved %
|
---|---|---|---|
Following receipt of details of regular payments (DDs and SOs) from old bank or SME set up, in accordance with any instructions from SME, new SOs and DDs, in relation to the latter by sending a transfer advice to DD originators advising them of details of both the old bank and the new bank. |
By close of business on the third working day following the working day of receipt of details of such regular payments or, where a later date for action is specified by, or agreed with, SME, by such later date. |
80
|
100
|
Where applicable and requested by SME, send request to old bank to transfer to it the available balance remaining in SME's account with old bank. | By close of business on the second working day following the working day of receipt of the request to do so by SME or, where a later target date for the transfer has been agreed with SME, in sufficient time to enable the transfer to take place by such later date. |
80
|
100
|
Where applicable, and provided SME has put new bank in a position to do so, action request to transfer to old bank funds, in accordance with SME's instructions, to clear balance of SME's overdraft (including interest and costs) remaining in SME's account with old bank. | By close of business on the second working day following the working day of receipt of the request or, where a later date for the transfer has been agreed with SME, by such later date. |
80
|
100
|
We are so committed to ensuring the smooth transfer of your account that, if we don't deliver our promise to you, we will compensate you for the inconvenience.
If you experience a delay in the transfer process then please let us know by writing to your account manager with the details in the first instance.
*"Credit History Report" means an accurate statement of a business customer's credit performance over the preceding most recent 12 month period (or over such lesser period as it shall have maintained a business current account with the Bank).
Whichever account you choose, you’ll have access to a range of services and support to help make managing your money and accounts simpler.
If you’re interested in switching to Yorkshire Bank, you can apply for your new current account and organise your switch online. Eligibility criteria applies.
If you’ve got any questions or you’d like to discuss your requirements with our business team, get in touch.
Available Monday - Friday, 8.00am - 6.00pm
You are here: Business Banking > Small Business > Switching business accounts
We’ve been working hard to bring Yorkshire Bank and Virgin Money together to give our website and digital services the full Virgin Money treatment. You’ll soon be able to view and manage your account(s) using the Virgin Money Internet Banking service.
There’s nothing you need to do – we’ll take care of it all. Your account and login details will remain the same and you’ll still be able to login using the link on the Yorkshire Bank website.
We’ll be back in touch when the new service is ready to use. If you need to contact us, you can still get in touch using the normal contact information.
The team at Virgin Money
Continue to Internet BankingWe’ve been working hard to bring Yorkshire Bank and Virgin Money together to create a bigger, bolder and brighter bank. You’ll soon begin to see the Virgin Money logo on things like your statements, letters and your Business Internet Banking service.
There’s nothing you need to do – we’ll take care of it all. Your account and login details will remain the same and you’ll still be able to login using the link on the Yorkshire Bank website.
We’ll be back in touch when the new service is ready to use. If you need to contact us, you can still get in touch using the normal contact information.
The team at Virgin Money
Continue to Internet BankingYou can find impartial information and guidance on money matters on the “Money advice service” website.
Yorkshire Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more.