Whether you're interested in the smaller business community, are planning to start a business or have an existing business, we have a package for you.
Our most popular package is FSB Business Essentials which includes a whole range of benefits and products designed to make your business fly
A suite of legal benefits including a dedicated helpline, bundled insurance products and a range of online information to keep your business safe. Plus a whole range of negotiated benefits to help save you money and win business.
Our Business Creation package is designed to make starting a business simpler, allowing you time to focus on what's important - making it a success.
Specialist company formation benefits, access to FSB networking, business banking and a range of products to help get you setup in business.
Joining FSB Connect is free and is a great way to be part of the FSB Community and have your voice heard.
You'll be able to access specialist networking events with like-minded members of the community and have your say in our Big Voice survey panel.
Whatever your circumstances, we have a package to suit you and your business. Click the button below to see which benefits are included in each package and start your FSB journey.
'Within a few weeks of joining we'd taken advantage of FSB’s Online Legal Documents. We started a graduate programme and access to these documents gave us an understanding of the legal side, and has helped us to create a number of processes and procedures.'
'When we first took on a member of staff, we used the online legal document template library. FSB does more important stuff than you think it does, there are lots of member benefits, probably more than we actually use.'
'Having somebody like FSB behind you is fantastic. There is a whole team behind the organisations, whatever is required: support, advice, finance, you know that you’re not alone, you’ve got FSB.'
We represent a diverse range of businesses from retailers to marketing agencies and just about everything in between. Take a look at more member stories and see how we could help your business fly.
More Member Stories
We offer three packages to suit your business needs. Joining FSB Connect is free, our Business Essentials package starts at £172.50 in the first year and our specialist Business Creation package has an introductory price of £99 in the first year.
Whether you are a sole trader, a limited company or a partnership, a business account is essential to grow your company. It keeps your finances in order and separates your business transactions from your personal accounts. You can also feel confident knowing your finances are being looked after in a way that’s designed to help you as a business owner.
But with so many bank business accounts available, alongside ongoing crimes, like money laundering, fraud and identify theft, qualifying for an account isn’t a straightforward process.
From explaining about different business account requirements to listing those documents often needed to open an account, this article aims to give the information you need to qualify for business banking.
Business bank accounts tend to be split into categories according to different company factors, and they can vary from bank to bank. This can include the size of a business, how long it has been trading, and its annual turnover – the amount of money it has taken in sales over a 12-month period.
For instance, a business account from one provider, which is aimed at small companies, might just be for those firms with an annual turnover below £1 million. An account for another provider, aimed at medium-sized business, could be for companies with a turnover of between £1 and 2 million. Meanwhile, a start-up account might just be for those companies who have been trading for less than 12 months.
This means your business might need to fit certain requirements for particular accounts. When enquiring about business accounts with many banks online you will also automatically be directed to applications for certain accounts, according to the details you give about your company.
Depending on what business account you apply for, you will need to provide information to show that your company meets its required guidelines. This could include the number of employees in your business and details about your company history.
In order to comply with legality regulations around money laundering and identity theft, banks will carry out different checks before you can open a business account with them.
This can include credit checks and checking your company details, such as the full business address, your estimated turnover, and evidence to show your business is registered in the UK, like your Companies House registration number. Companies House is the official government organisation that keeps a record of all UK companies.
The bank may also need to check the details of those people who will have direct access to the account, such as your finance manager and company directors.
For these checks to be carried out, you will need to show copies of documents that verify your business, which the bank can keep for their records.
Documents you might need to provide to open a business account can include:
It’s worth also pointing out that documents required for different types of businesses can vary. In addition to the above, this could include:
Limited companies – copy of your certificate of incorporation
Partnerships – copy of your partnership deeds or the contract of your co-partner
New business and start-up companies – your business plan and cash flow forecast
Established business – a given number of years of your audited accounts
While your company needs to be right for certain business accounts, you should make sure they are right for you too.
When deciding where to open your business account and before applying for one, it’s wise to talk to different banks to see what their business specialties are to find the right fit for your company.
For instance, some banks might focus on financing for small businesses, while others might be specialists in property or loans for equipment. They may even have key people on their team who have expertise or experience in your industry or line of work. This can be beneficial in giving you specific financial advice when you need it most.
With the aim of giving our members the best help and support to manage their company finances, we provide The Co-operative Bank’s FSB Business Banking account. This specialised account, exclusively for FSB members, is designed to suit your company needs so you can focus on what’s important: your business. Benefits of the account include:
To find out more about our business banking services and how FSB can help you, visit our FSB Business Banking page or speak to a member of our team.
FSB members are entitled to a specially tailored bank account from the Co-operative Bank, giving you the freedom to focus on running your business.
National Federation of Self Employed & Small Businesses LimitedSir Frank Whittle Way / Blackpool / FY4 2FE. National Federation of Self Employed & Small Businesses Limited (FSB) is registered in England, number 1263540