Applied 9 days ago, got a call yesterday to discuss. We may require you to open a fee free loan servicing account and will confirm if this is required as part of the switching process. Simple and seamless upgrade experience. RBS has recently launched ClearSpend, a free mobile app and desktop service that gives you control of your commercial card account in real-time and lets employees check their balance on the go. Download the app today. This account can be a Loan Servicing Account with The Royal Bank of Scotland. If you manage your business through a Personal Current Account opened before 2 March and want to apply for a Bounce Back Loan do not apply via this page. These business current accounts are for businesses that are over 1 year old. Perfect for banking on the go, and an easy, quick, secure way to manage your money daily. I'm a sole trader and had previously been using a personal account for business purposes, but had switched to RBS last year and kept the TSB account open for certain payments I wanted to completely segregate. If you use your personal Royal Bank of Scotland account for business purposes and your business was established before 1 March 2020, you will need a business account to facilitate your Bounce Back Loan. You are able to switch your Business Current Account or your business banking to another provider while retaining your business loan with us. NatWest shut my account, trapping £6,000 in there Adam Siddle, a self-employed supervisor for a civil engineering company, suffered a similar fate as Natalie. The Royal Bank app. They are only for personal account holders to verify self employment. We can't pay a single cheque to multiple accounts, you can only pay in one or multiple cheques using a single paying-in slip.. We'll process cheques within 5 working days of receipt. If your bank is supported under the Open Banking regulations you can connect your accounts and credit cards for a complete, real-time view of all your finances and cash flow.. Why should I upgrade? You will need to open a Business Current Account or a Loan Servicing Account. Hi All, wondering if anybody has had a similar experience or may have some sort of idea whats going on with this. Get set up in less than a minute. Don’t get your hopes up for a NatWest feeder account. FreeAgent is free subject to client retaining their RBS business banking current account. If you are a non account holder you are advised you will need to open a business account RBS business banking is available to eligible customers over 18, who have the right to be self employed in the UK. More accurate, reliable, and uninterrupted bank feeds. As part of this change, RBS has launched the ability for you to register and manage your commercial card with QuickBooks. Hmmm interesting I’ll be mentioning that in my compliant to RBS it’s funny only people within the feeder account / BBL departments were saying the whole Scotland thing and I got and email also but any otherRBS advisers I’ve mentioned it to including complaints couldn’t understand it either, when feeder account was rejected I was told to apply with NatWest as … You can deposit up to 10 foreign cheques drawn on overseas banks. To access the Bounce Back Loan Scheme, you must have had an account with us before 2 March 2020. If you've received a letter and/or email from us about completing your business profile and need support in completing Your Business Profile information, please check the Reference on the letter and/or email & call us on: If your Reference is XXXXXXXXXX-1a (XXXXXXXXXX = your 10-digit number) 0203 416 5001 +44 203 416 5001 outside the UK Subject to client retaining their RBS business banking is available to eligible customers over,. 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