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Santander Business Banking
3.9(4,127 reviews)
FSCS ProtectedInternational NetworkCompetitive Rates
Overview
Santander offers business banking services backed by international banking expertise, competitive interest rates, and growing digital banking capabilities.
Banking Features
business Account
personal Account
savings Account
current Account
multi Currency
overdraft Facility
business Loans
credit Cards
debit Cards
mobile App
online Banking
branch Network
atm Network
phone Support
relationship Manager
Pros
- Competitive savings rates
- International banking connections
- Generous free transaction allowance
- Improving digital services
- Good business support
Cons
- Higher minimum deposit
- Smaller branch network than competitors
- Mixed customer service reviews
- Complex account structures
Best For
Businesses with Spain/LatAm connections
Companies prioritizing savings rates
SMEs with moderate transaction volumes
Businesses seeking competitive rates
FSCS Protected • FCA & PRA Regulated
Fees
monthly Fee
£7.50
transaction Fees
35p per transaction after 30 free
cash Withdrawal Fee
Free at Santander ATMs
international Transfer Fee
£15-£25
overdraft Rate
6.8% - 9.8% APR
atm Fee
£1.50 at other banks
Interest Rates
savings Rate
1.6% - 2.6% AER
business Savings Rate
2.0% - 3.2% AER
overdraft Rate
6.8% - 9.8% APR
loan Rate
5.9% - 11.8% APR
Regulation
Regulators
FCAPRA
Deposit Protection
FSCS Protected
Protection Limit
£85,000 per person
Services
Branch Count
450
ATM Network
2400
Support Hours
8am-8pm Mon-Sat, 9am-5pm Sun
Account Opening
5-10 days
Ratings Breakdown
service
3.8
fees
4.1
app
4
reliability
4.2