Triodos Bank Business Banking

About Triodos Bank

Triodos Bank are a European bank often included on consumer lists for being one of the most sustainable and ethical banks in the world. Founded in 1980 with the mission to make money work harder to benefit people and the environment, Triodos Bank have more than 700,000 customers across the Netherlands, Spain, Germany, Belgium and the UK.

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

Triodos Bank pros & cons

Pros of Triodos

• Low transfer fees
• Charities benefit from better rates
• Many positive customer reviews

Cons of Triodos

• Only available to existing customers
• Subjective application process
• Does not offer a credit or debit card

Triodos Bank business current account

Triodos no longer provide current accounts to new businesses or charities. They say that if you're an existing customer that needs a new account to contact your relationship manager.

Triodos Bank has one business current account, however they don't issue any debit cards with it. The account is:

• Social Venture Current Account - offers banking with no account service charges, you just pay for your transactions each month, while all internal transfers are completely free.

These are the associate fees:

Eligibility

To be eligible for a Triodos Bank business account you must:

• Be located and operate within the UK
• Be 18 or over
• Have an annual turnover of at least £50,000
• Operate your account in accordance to the terms and conditions

Triodos Bank also only accept businesses that align with their own ethos and values. If you're unsure of whether your business or organisation is like-minded, you can give them a call.

Opening an account

Here's how to open a Triodos Bank business account:

1. Download Triodos' app from the App Store or Google Play
2. Complete their application - Triodos will confirm your eligibility
3. Verify your ID - with photo ID such as a passport or photocard driving licence
4. Once approved you can start banking

Triodos Bank business savings accounts

Triodos no longer provide savings accounts to new businesses or charities. They say that if you're an existing customer that needs a new account to contact your relationship manager.

They offer business savings accounts with notice or fixed term bonds, available to existing businesses and charities.

For variable rate accounts you will see interest rates from 2.02%, while you can fix your savings away for fixed rates from 3.80% AER.

Triodos Bank reviews

Triodos averages a rating of 4 stars on Trustpilot from nearly 600 reviews, with 60% giving them 5 stars.

Their app on the App Store gets 4.7 stars out of 5 based on over 3,200 ratings.

Similarly, Triodos scores 4.7 out of 5 on Google Play, from over 1,400 reviews.

Information correct as of 12th September 2024.