Your money is protected up to £85,000 by the Financial Services Compensation Scheme.
Apply online at whatever time of day works for you.
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*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.
*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.
*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.
When you save with Aldermore you have the added peace of mind that comes from knowing your money is protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Please bear in mind that any deposits you have above the limit are unlikely to be covered.
To open a business account with us you must be:
When you apply to open an Aldermore account you must give us details of a current account in your business’s name. We call this your linked nominated account. Your business current account provider must be a UK bank or building society, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Your business current account must allow electronic transfers to be made and received, and we may ask you to send us a bank statement to confirm your account details.
There are certain types of bank account that we can’t accept as your linked nominated account, as they aren’t fully licensed and regulated. These include accounts held with e-money providers.
We can't accept client money or hold accounts in trust.
We need to check your identity and address before we can open an account for you. This will mostly be done electronically, but we may need you to send some identification to us.
If we ask you to provide identification documents, we'll include details about how to do this when we get in touch.
No, we don't apply any fees or charges for standard account services. We may charge you for any exceptional, non-standard services which are available on a discretionary basis.
Yes, we offer fast and simple account opening; you can apply online at your own convenience and you'll have safe and secure online banking 24/7.
Yes, you'll have 14 days from the day you open your fixed rate account to close it without any penalties or giving us any notice.
If you've opened an easy access account you can close it at any time with no notice or penalties.
At Aldermore, we don’t offer current accounts, but we're working in collaboration with Zempler Bank who does. Zempler provide options, such as Business Go and Business Extra, designed to simplify and improve your banking experience.
Business Go
Designed for those who are just getting started or like to keep things simple. You can apply in minutes with no monthly fee.
Business Extra
For businesses with higher transaction volumes, there’s Business Extra built for payments, which includes cashback and extra benefits for a monthly fee.
To find out more, visit Zempler Bank.
We'll do everything we can to keep you safe and secure when you bank with Aldermore.
At Aldermore, we're working in collaboration with Zempler Bank (formerly Cashplus), who offer two business current account options:
Business Go
Designed for those who are just getting started or like to keep things simple. You can apply in minutes with no monthly fee.
Business Extra
For businesses with higher transaction volumes, there’s Business Extra built for payments, which includes cashback and extra benefits for a monthly fee.
These accounts are designed to simplify your banking experience with features like invoicing, VAT submission, and integration with UK accounting software, all backed by human customer service.
Are you saving for the unexpected? What about expansion? If you are unaware of the business savings options that are out there, click here to learn more.
Click here to discover the reasons for choosing a business savings account rather than a personal one, and vice-versa.
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