18 months' free day-to-day business banking for new TSB customers, so you can focus on running your business.
Once your business is formed, you will receive an email with a link to the online application so you can complete it at a convenient time.
During your free banking period there is no minimum account balance, and you will not be charged for deposits and withdrawals, handling cash and cheques, or paying standing orders and Direct Debits. No matter how many transactions you make you won't pay a penny. All TSB asks is that you keep your account within agreed limits and don’t go overdrawn without arranging it first.
On the phone with a dedicated UK based customer service and relationship support teams, online with the Online for Business service and local to you at one of TSB's high street branches. You can also register for a free Text Alerts service to receive daily or weekly updates on your account balances and recent transactions, plus use the 24/7 automated banking service for simple transactions.
A contribution to the cost of your company formation with £50 - £75 cash back from Companies MadeSimple paid into your account as soon as it is opened.
Once you have completed your incorporation, Made Simple will automatically forward your contact details to TSB and you will be emailed a link to the TSB online application process. You will need to have the following information to hand before starting the online application process:
If TSB has everything required to open your business account, they will send you an account opening pack which includes a signature mandate. Terms and conditions apply, and subject to approval.
Once TSB confirms to you that your bank account has been opened, you then need to complete our cash back form and we, Made Simple will then transfer the cash back to you. Apply for your cash back (login required).
Cash back only applies to UK customers who form their company (limited by shares) through Made Simple and open a TSB Business Current Account. Customers must use Made Simple's referral system to send their details to TSB. Business Current accounts opened without using our referral system are not entitled to the cash back offer. Offer valid for all new company formation purchases after 1/9/2015. Cash back will be transferred into your account once you have filled in the cash back form and we have verified the details with TSB. TSB Business Current Account must be opened within 3 months of the company's date of incorporation. Cash back must be claimed within 45 days of the business current account being opened. You must use the online cash back form (NB. You must log in to access this page) to apply for your cash back. The amount payable is based on cash back amount offered on the formation package on the date of purchase.