Switch in five steps
You’ll be covered by the Current Account Switch Guarantee every step of the way
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.
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).
Open one of our three current accounts based on your organisation’s annual turnover:
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
We’ll manage everything so that your Direct Debits, Standing Orders, and balance are all transferred to your new current account
To find out how your data will be used before, during and after the switch read the Current Account Switch Data Privacy Notice.
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:
You’ll need to:
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.
The Current Account Switch Service is eligible for:
You can cancel your switch up to seven working days before your switch date. If you do want to cancel, speak to your new bank, who can guide you through this process.
The Current Account Switch Service will not interfere with this process and any debit card or Direct Debit transactions that you have asked your bank to stop should remain stopped after you switch.
Charges (including debit interest) and fees may be applied to your old account, without giving you the usual notice. To find out more, please contact your old bank.
*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.