Best Business

Clydesdale Bank Business Banking

About Clydesdale Bank

Editorial Team

Clydesdale Bank are a Scottish high street bank that offers both retail and business banking services, with their rich, community-based history, dating back to 1838. In 2018 they were acquired by Virgin Money, alongside Yorkshire Bank, to provide better and brighter business banking experience.

See our full Clydesdale Bank business bank account review of features, fees and how they compare against other online and high street bank accounts.

Clydesdale Bank pros & cons

Pros of Clydesdale Bank

  • Good range of loans and financial products
  • Consolidated service with Virgin Money and Yorkshire Bank
  • Accounts for charities and non-profits are available
  • Account fee may be waived for the first 25 months

Cons of Clydesdale Bank

  • Bad customers reviews in regard to online and mobile banking
  • High-revenue companies are not eligible for fee-free banking

Clydesdale Bank business current accounts

Clydesdale Bank accounts are available to current customers but any new accounts are opened through Virgin Money.

Clydesdale Bank have two current accounts for business. These are the account:

  • Business Current Account - all new and switching business customers will receive 25 months of fee-free banking, so long as their annual turnover is less than £6.5 million.
  • Business Choice Account - businesses that have been operating for more than a year and turnover more than £6.5 million per annum.

These are the standard transaction fees:

Account nameBusiness Current AccountBusiness Choice Account
Annual turnover requirementUp to £6.5 millionOver £6.5 million
Application feeFreeFree
Monthly fee£6.50£6.50
Bank transfers30p30p
Card purchasesFreeFree
ATM withdrawalsFreeFree
Cash deposits65p per £10065p per £100
Cheque deposits30p30p
Interest (AER)0%0%


To be eligible for a Clydesdale Bank account you must:

  • Be a sole trader or be the director(s) of a registered business
  • Have the right to live in the UK
  • Provide proof of address
  • Be at least 18 years old

During your application you will also need the following:

  • Personal details for each business owner (including address, date of birth and contact details)
  • Business details (including business address and contact details, if applicable)
  • Your Companies House registration number (if your business is a Limited Company)

Opening an account

Here's how to open a Clydesdale Bank business account (keep in mind that Clydesdale Bank accounts are only available to existing customers):

  1. To open online sign up from their website
  2. To open in store find your nearest Clydesdale Bank and head on in
  3. Complete their application - Clydesdale Bank will confirm your eligibility
  4. Verify your ID - with photo ID such as a passport or photocard driving licence
  5. Once approved you can start banking

Clydesdale Bank business savings accounts

Clydesdale Bank have three business savings accounts on offer, instant access, notice and fixed term accounts.

See our Virgin Money review to see more.

Clydesdale Bank reviews

Clydesdale customers give them a bad 1.2 out of 5 stars on Trustpilot, from 342 reviews with 92% of them being 1-star.

Information correct as of 29th January 2024.