Business Banking Switching Scheme
What is the Business Banking Switching Scheme?
The Royal Bank of Scotland Group Plc (RBS) has launched an incentivised switching scheme to encourage some of their business customers to switch to another bank. It might sound a bit strange, but it’s a legal requirement that RBS do this to help increase competition in the UK business banking market. The scheme starts on the 25th February 2019 and will continue until 120,000 eligible customers complete the switch.
Who’s eligible to switch?
This scheme is available to existing, eligible RBS business banking customers only. If you’re eligible to switch, you’ll have already been contacted by your bank about switching to another bank.
How is Yorkshire Bank involved?
Yorkshire Bank is one of the banks that eligible customers can switch to as part of this scheme.
Using a fund administered by an independent body, we are able to offer a cashback incentive, alongside some other exclusive incentives. Terms and conditions apply.
Next steps for switching
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If you are eligible to switch as part of this scheme, you will have the opportunity to shortlist Yorkshire Bank on the RBS site and progress to our dedicated switching site.
You will also receive an email from us with a unique link to get back into our switching site, should you need to.
Switching to Yorkshire Bank
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If you’re not part of the Business Banking Switching Scheme, but are interested in switching your business account to Yorkshire Bank, you can still switch to us.*
*Note that cashback and incentives are only available to customers who are eligible to participate in the Business Banking Switching Scheme. Terms and conditions apply.
You 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.