Business Banking

Switching business bank accounts

Unlike personal banking, there's no Current Account Switch Service guarantee for most business accounts — you're responsible for moving direct debits, standing orders and payment details yourself. That makes planning the move properly worth the extra effort.

5 min readUpdated May 2026
Key points
  • There's no automatic switching guarantee for most business accounts
  • Export a full list of direct debits and standing orders before switching
  • Update every supplier, customer and invoice template with new details
  • Keep the old account open briefly with a small buffer before fully closing it

Is there an automatic business bank switch service?

A handful of newer providers offer switching support, but most business moves are manual — budget a few weeks to redirect everything, not a few days.

What should you list before switching business bank?

Export a full list of direct debits, standing orders and card-linked subscriptions from your old account before you close anything.

Who needs your new bank details?

Update invoice templates, supplier records and any payment links with your new account details, and keep the old account open briefly to catch stragglers.

When should you close your old business account?

Keep the old account open with a small buffer balance for 60-90 days after the switch, since occasional payments can take a while to catch up to the new details.

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