Business banking

We welcome new applications from new and existing customers who live within our branch operating area, however, we do not accept new accounts from new customers who live outside our branch operating area.

Some restrictions may also 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)

You can take up to £300 cash out of your account in pounds at a Link and Visa cash machine, in the UK. If you come into branch you can withdraw up to £500 cash per day.

An arranged overdraft can be useful for short term borrowing, for example to cover your expenses until income is received. The advantage of an arranged overdraft is it is flexible and you can dip into it at any point over the agreement period.

Arranged overdrafts are available upon request, subject to status.

You need to arrange an appointment at your local branch (Monday to Saturday). Alternatively, call into your local branch and speak to one of our team.

Unless you have an account with us already, we will need you to provide proof of your identity and evidence of your address. Please bring one original document of each. Acceptable documents include:

Proof of identity

• Current valid signed passport
• Current UK photocard driving licence
• Firearms certificate or shotgun licence
• A blue disabled drivers pass
• An EU photocard driving licence

Evidence of your address

• Recent utility bill dated within the last six months (mobile phone bills cannot be accepted though)
• A council tax bill valid for the current year
• Bank, building society or credit union statement dated within the last six months

We also need to verify your business identity. Please bring one original document from:

• Certificate of Incorporation (required for all limited company applications)
• Business Card or Business Letterhead
• Business statements from a Bank or Building Society which confirms the business name and address
• Financial Accounts (signed and dated within the last 12 months)
• Business Plan (new businesses only)

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.