Switching to Clydesdale Bank
The Current Account Switch Service makes switching your bank account to Clydesdale Bank simple and straightforward.
Why choose Clydesdale Bank?
25 months’ free day-to-day banking
Eligible SMEs enjoy free banking for 25 months when switching to or opening a Business Current Account, if you have a turnover under £2m. No charges for day-to-day banking for initial period. Cash transaction limit of £250,000 p/a. Excludes international and CHAPS payments. Qualifying criteria applies.
Innovative new online banking
Bank on the go with online banking and our mobile banking app.
Personal service
We offer a relationship-based approach to banking.
Tailored funding
We work closely with you to help you get the right funding for your business. Subject to status and eligilbity..
Interested in switching?
If you’re interested in switching to Clydesdale Bank, you can apply for your new current account and organise your switch online. Eligibility criteria applies.
Business Banking Switching Scheme
Clydesdale Bank is participating in the Business Banking Switching Scheme.
How does the service work?
If you’re a small business, charity or trust, the Current Account Switch Service takes the hassle out of switching your account to Clydesdale Bank. As part of the Switch Guarantee, we’ll handle it all for you and keep you updated along the way. The service is free to use and takes just 7 working days to complete.
- Contacting your old bankWe’ll contact your bank within 2 working days to let them know you’re switching and request to transfer your details.
- Transfer balance & paymentsWithin the next 5 working days we’ll transfer your balance and automated payments (in or out) to your new account*.
- Account closureWe’ll arrange for your old account to be closed on the date you’ve chosen. You can continue to use your old account until your switch date.
- Automatic redirectsAny accidental payments made to your old bank account in the future will be automatically redirected.
- Your new detailsWe’ll give your new details to anyone who makes a payment to your old account.
*If you have a debit balance on your old account, you'll need to either pay this off or arrange a planned borrowing limit with us (subject to status and eligibility), before your switch starts, otherwise your account will not be closed.
The Current Account Switch Service is available to:
Businesses
that employ fewer than 50 employees, and have an annual turnover of no more than £6.5m (including sole traders, partnerships and small businesses)
Small charities
Small charities with an annual income of less than £6.5m
Small trusts
with a net asset value of less than £6.5m
Larger business looking to switch?
While the Current Account Switch Service is only available to smaller business, if you’re a larger business looking to switch to us, we’ll make sure you get the support you need. As part of our Payment Transfer Service, we can help you transfer your direct debits and standing orders to your new account. You’ll need to transfer your balance and close your old account yourself. But don’t worry – your relationship manager will guide you through the whole process to make sure nothing important gets missed.
This service is still free, but it may take longer than 7 working days and isn’t backed by the Current Account Switch Guarantee.
Current Account Switch Guarantee
We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.
- The service is free to use and you can choose and agree your switch date with us.
- We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
- If you have money in your old account, we will transfer it to your new account on your switch date.
- We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
- If there are any issues in making the switch, we will contact you before your switch date.
- If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.
Popular questions about switching
What if our old bank does not use the Current Account Switch Service?
What happens to payments that people send to my old account?
What if I don’t want to use the Current Account Switch Service or close my old account?
Your new account
Whichever account you choose, you’ll have access to a range of services and support to help make managing your money and accounts simpler.
- Online banking (plus mobile app) to help you manage your money on the go
- Payment services, including CHAPS, Bacs, Faster Payments and international payments
- Competitive interest rates and charges
- Access to our network of branches and business centres
Interested in switching?
If you’re interested in switching to Clydesdale Bank, you can apply for your new current account and organise your switch online. Eligibility criteria applies.
Get in touch
If you’ve got any questions or you’d like to discuss your requirements with our business team, get in touch.
Available Monday - Friday, 8.00am - 6.00pm