What is a Business Operating Account?

When it comes to running a business, few things are more essential than a reliable banking partner. And at the heart of most businesses’ financial setup is an Operating Account.

It’s the financial engine room, the control centre, the place where your day-to-day transactions flow in and out. But what exactly is it, and why is it so important?

What does an Operating Account do?

Put simply, it’s the main account a company uses for day-to-day financial activity.

From receiving payments from clients to paying suppliers, running payroll, managing direct debits, and reconciling books; it’s your everyday account that keeps a business functioning financially, and allows you to act on your ambition.

An Operating Account is designed specifically for business use, allowing multiple users, integration with accounting software, and robust cashflow management tools.

It’s the central hub for business banking for organisations of all sizes.

Who is it for?

This account is ideal for any business that needs to manage regular financial operations.

Whether you're a start-up looking for your first business bank account, a growing SME, a regulated financial institution, or a large corporate managing complex cashflows, an Operating Account manages your working capital.

From regulated financial institutions, and Virtual Asset Service providers, to tech firms, manufacturers, retailers and consultancies - every sector benefits from a dedicated business current account.

Why open one?

The Operating Account checklist …

• Professionalism: Receive and make payments using a business-named account.

• Clarity and Control: Keep business and personal finances separate for clearer reporting.

• Efficiency: Automate payments, set upstanding orders, and streamline payroll.

• Cashflow Visibility:Real-time tracking and insights help manage your liquidity.

• Integration: Sync with accounting tools to reduce admin.

An Operating Account isn’t just a place to store money - it’s a powerful tool to help serve your business ambition with confidence.

Learn more about our Operating Account!