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Switch your business banking to Unity Trust Bank

Switching your organisation’s current account to us is simple. Plus you’ll get expert business banking and you’ll be helping to create a better society.

Switch to a socially-responsible business bank – start your journey today

Unity Trust Bank is an award-winning independent commercial bank for businesses that share its values. Switching to us is simple and stress-free… and can be completed in just seven working days guaranteed.

If you have an overdraft or charges on your old account, we’ll pay these back from your new account (if you have sufficient funds). Overdrawn when you switch? We may be able to help you pay this off (subject to lending criteria).

The Current Account Switch Service makes switching from one bank or building society to another simple and stress-free.

To find out more, download the Current Account Switch Guarantee and Switching Guide.

Switch in five steps

You’ll be covered by the Current Account Switch Guarantee every step of the way

Step 1

Open one of our three current accounts based on your organisation’s annual turnover:

  • Under £100k
  • £100k to £2m
  • Over £2m*

Choose your account

Step 2

Tell us you wish to switch to your new Unity Trust Bank current account by:

emailing us@unity.co.uk

or calling 0345 155 9933

Step 3

Complete a Current Account Switch Agreement** so we can set up your switch and a Current Account Closure Instruction Form** to authorise closure of your old account

Step 4

We’ll agree a ‘switch date’ seven working days after your new account has been set up, so just keep on using your old account until the switch date

Step 5

We’ll manage everything so that your Direct Debits, Standing Orders, and balance are all transferred to your new current account

On your switch date

  • Your payments (such as Direct Debits, Standing Orders and Bill Payments) will all be ready in your new account
  • You’ll see the credit balance from your old account has been transferred to your new account
  • Any payments accidentally made to your old account will be redirected to your new account
  • Your old account will be closed and your Unity Trust Bank account will be ready to use

To find out how your data will be used before, during and after the switch read the Current Account Switch Data Privacy Notice.

One-size banking doesn’t fit all

Many of our customers are charities, housing associations and trade unions, so we know that switching accounts might not seem so straightforward. Rest assured we can still help you switch to Unity Trust bank if:

You want to keep your old account open

Called a ‘partial switch’, we can:

  • Set up all agreed Direct Debits and Standing Orders for you
  • Let you know what to do and when

You’ll need to:

  • Arrange for any payments going into your account to be transferred
  • Keep money in both your old and new account to cover any payments as we cannot redirect your payments

A partial switch can take up to 20 working days to complete and the Current Account Switch Guarantee, the Current Account Switch Agreement and the Current Account Closure Instruction do not apply.

You can’t use the switch service due to your current bank not being part of the scheme

We can still help you become a Unity Trust Bank customer:

Simply print, complete and sign this Account Transfer Request Form and return it to us. We’ll begin the switching process, but your switch won’t be covered by the Current Account Switch Guarantee.

If your business isn’t eligible to use the Current Account Switch Service, you can contact us to discuss your options.

Got a question?

If you have a question which we haven’t answered yet, please call 0345 155 9933 to speak to one of our experts. Or you can find out more on the Current Account Switch Service FAQs.

*Over £2m applies to:
• An SME with an annual turnover and/or balance sheet total that does not exceed £6.5 million and employs fewer than 50 people. This definition comes from the banking reform proposals for ring-fencing and it meets the 99% SME threshold requirement in the 2014 Chancellor’s Autumn Statement (as validated by government produced statistics).
• A small charity with an annual income of less than £6.5 million
• A small trust with a net asset value of less than £6.5 million

**The Current Account Switch Agreement and Closure Instruction Form must both be signed in accordance with your old bank mandate and the signatories must also be on your new Unity Trust Bank account.

Close

Business Current Account


Select your annual turnover below to see which Unity Current Account is suitable for you.

Under £100k turnover

£100k to £2m turnover

Above £2m* turnover