Best Business

Triodos Bank Business Banking

About Triodos Bank

Editorial Team
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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 current accounts

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.

These are some of the main features of banking with Triodos Bank:

  • Ethical banking - your money is used to fund important projects that look to tackle economic, social and community challenges
  • Positive change - Triodos are one of the most sustainable banks in the world, making money work for the common good
  • Friendly UK support - Triodos care about the quality of support their customers receive, focusing on forming a shared-value relationship
  • FCSC protection - deposits are safe under the Financial Services Compensation Scheme (FSCS)

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

These are the associate fees:

Account nameSocial Venture Current Account
Application feeFree
Monthly feeFree
Bank transfers10p
Card purchasesNo card issued
ATM withdrawalsNo card issued
Cheque deposits60p

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

Overdrafts

Triodos Bank offer arranged overdrafts, subject to application. Unfortunately there is no information given on their site.

Triodos Bank 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.

Triodos Bank reviews

Triodos averages a rating of 3.6 stars on Trustpilot from over 300 reviews, with 54% giving them 5 stars.
On the App Store Triodos gets 3.3 stars based on over 100 ratings.

Similarly, Triodos scores 2.9 out of 5 on Google Play, from over 150 reviews.

Information correct as of 7th February 2023.