To apply you must be aged 18 or over, be resident in the Channel Islands, Isle of Man or Gibraltar and be the owner or director of the business you’re applying on behalf of. Your registered business address must be in the Channel Islands, Isle of Man or Gibraltar, and/or the business must be registered for tax purposes in one of those jurisdictions.
The business must have a single layer of ownership with no nominee shareholding structures. All owners, directors or shareholders must be resident in the Channel Islands, Isle of Man or Gibraltar. Cash takings must not exceed 20% of the annual turnover.
Switch your account to NatWest International
The Current Account Switch Service makes switching current accounts from one UK bank or building society to another simple, reliable and stress-free.
The service is available to consumers and small businesses, charities and trusts and allows you to choose a switch date that suits you.
The Current Account Switch Service is not available for accounts held in Gibraltar.
What happens when you switch?
This service is only available to switch current account products. Any other products you have with your old bank will not be moved at the same time.
The switching process will not begin until your business current account has been opened which can take up to 20 weeks to complete.
The Current Account Switch Service will contact your old bank and confirm if the switch can go ahead.
Once it's confirmed, your 7-day switch will start.
Your regular payments such as Direct Debits and standing orders will be moved across.
We'll talk to your old bank about transferring your balance over to your new account.
The balance from your old account will be transferred to your new account.
Your new account will be ready to use and your old account will be closed.
Permissions to Third Party Providers
If you have given permissions to Third Party Providers to make payments on your behalf, or to access your financial data, access to these services won’t be transferred automatically to your new account as part of the Current Account Switch Service.
What switch options are available?
You don't have to make a complete switch from one provider to another, it’s possible to make a partial switch too. Here’s a quick look at the main differences between full and partial switches.