Island Business Banking Account

Island Business Banking Account

A business banking account that’s designed to meet the day-to-day needs of start-ups and small businesses. The monthly fee is £8.50.

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Business banking made simple

Everything you need for day-to-day business banking.

Let’s break it down

Terms and conditions expandable section
Your guide to bank charges (PDF, 93KB)
Business Banking Charges Guide (PDF, 102KB)
Account conditions (PDF, 173KB)
General Terms and Conditions (PDF, 174KB)
Business Debit Card - terms and conditions (PDF, 159KB)
Business Debit Card - user guide (PDF, 205 KB)

To apply for a Business Debit Card or an overdraft, you'll need to have an established relationship and hold a business current account with us. All applications are subject to eligibility checks.

Open an Island business banking account

Frequently asked questions

What are the fees and charges for this account? expandable section
Your guide to bank charges (PDF, 93KB)
Business Banking Charges Guide (PDF, 102KB)
What documentation will I need to provide to open an account? expandable section

You'll need proof of identity and address for all key parties, plus any required business documentation.
How long does it take to open an account? expandable section

Once we've received all required documentation, forms and mandates, our onboarding team will keep you updated throughout the process.
Can I manage my business current account online? expandable section
Yes. Use Online for Business or our Business Banking app to:

make and manage payments
view balances and transactions
access digital statements
receive payment alerts
upload and pay in cheques.
How many free payments can I make? expandable section

Your first 100 electronic payments each month are included at no extra cost. See our Business Banking Charges Guide (PDF, 102KB) for full details.
How do I report my card as lost or stolen? expandable section

If your business debit card is lost or stolen, report it immediately to help protect your account.
How do I get a new PIN number? expandable section

If you've forgotten your business debit card PIN, we're here to help. Contact us and we'll guide you through the next steps.

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