Business banking

Our Business Current Account is suitable for businesses of all shapes and sizes, whether you’re established or just starting out. What's more, the first year is free!*

Why choose The Cumberland?

Flexible banking
Flexible banking

You can bank with us online, with your mobile phone or at one of our 34 local branches.

Switch in 7 days
Switch in 7 days

We'll take care of switching your Current Account from your existing bank or building society.

12 months free*
12 months free*

*We offer 12 months free banking to businesses with a turnover up to £250,000 per year.

Account Options

We have two account options depending on your type of business and daily transactions. Use our banking calculator to work out which account option would be best for your business and how much money you could save by switching your account to us:

Business Current Account Reviews

Managing your account

Internet Banking

Take control of your business finances online, make payments, view balances, transactions and more.

Internet Banking
Mobile Banking app

With our Mobile Banking app you can manage your accounts quickly and easily, wherever you are.

Mobile Banking
Xero Accounting Software

We support the UK’s leading online accounting software, Xero, so you can run your business with ease.

More about Xero

More Information

  • Full account details
    Minimum age
    Must be main business current account
    Current Account Switch Service
    Standing Orders & Direct Debits
    Contactless Visa debit card
    Yes. You can use your debit card to make a payment in pounds. This can be in a shop, online or over the phone.
    Verified by Visa and One Time Passcode protection
    Cash Withdrawal in pounds in the UK at Link cash machines
    £300 per day2
    Mini statements from Cumberland cash machines
    Cash withdrawal at Cumberland branches
    £500 per day3
    Cash withdrawal and debit card payment in foreign currency outside the UK
    Cheque book
    Free (on request)
    Use of all Cumberland branches
    Online banking
    Text alerts
    Customer Service Helpline
    Overdraft facility available
    Yes, an arranged overdraft is available on request, subject to status
    Arranged overdraft interest rate
    3.04% per quarter (12.73% p.a. variable EAR)5
    Unarranged overdraft interest rate
    5.659% per quarter (24.63% p.a. variable EAR)5

    Interest rates correct at 11/08/14. Charges are correct as at 01/10/15

    (1) A standing order is a way we can make regular transfers, on your instruction, of a fixed amount of money from your account to another account. A Direct Debit is where you permit someone else (recipient) to instruct us to transfer money from your account to that recipient. We then transfer money to the recipient on a date or dates agreed by you and the recipient. The amount may vary.

    (2) You can take cash out of your account in pounds at a Link and Visa cash machine, bank or Post Office in the UK.

    (3) You can take cash out of your account in pounds at any Cumberland cash machine.

    (4) Unlike most banks, we won't charge you for making Cumberland Visa debit card payments in a foreign currency, or for cash withdrawal in foreign currency outside the UK (with most Cumberland current accounts). The provider of a cash machine or retailer may apply a charge.

    (5) EAR – Effective Annual Rate.

  • Who can apply

    We welcome new applications from existing customers who live within our branch operating area.

    Some restrictions may apply to new accounts available to existing customers who live outside our branch operating area. Contact us for more information.

    Our operating area is:

    • Cumbria (all CA and LA postcodes)
    • South-West Scotland (all DG postcodes and TD9)
    • West Northumberland (NE45-49)
    • North Lancashire (all PR, FY, LA AND BB1-2 and BB5-7)
  • Fee Information (Charges)

    The Fee Information Documents provide details of the fees for using the main services linked to our business current accounts (known as payment accounts).

  • Current Account Switch Guarantee

    We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days.

    As your new current-account provider we offer the following guarantee:

    • The service is free to use and you can choose and agree your switch date with us.
    • We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
    • If you have money in your old account, we will transfer it to your new account on your switch date.
    • We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
    • If there are any issues in making the switch, we will contact you before your switch date.
    • If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.

    You can read more about the Current Account Switch Service at

    Crystal Mark

    For further information about the Current Account Switch Service, including a list of FAQs, please click here.
  • eSavings account

    Our eSavings account is an exclusive online savings account available to business Internet Banking customers. The account offers instant access via internet and mobile banking and pays a higher rate of interest than our Instant Savings account.

    Full account details.