Switch your business banking to Unity Trust Bank

Switching your organisation’s current account to us is simple. You’ll get expert business banking and will be helping to create a better society

Learn more

Switch to a socially-responsible business bank – start your journey today

Unity Trust Bank is an award-winning independent commercial bank for businesses that share its values. Switching to us is simple and stress-free… and can be completed in just seven working days guaranteed.

If you have an overdraft or charges on your old account, we’ll pay these back from your new account (if you have sufficient funds). Overdrawn when you switch? We may be able to help you pay this off (subject to lending criteria).

Start my switch

The Current Account Switch Service makes switching from one bank or building society to another simple and stress-free.

To find out more, download the Current Account Switch Guarantee and Switching Guide.

New to Unity Trust Bank?

Here’s how you can switch your current account in three steps

If you use our fully managed switch service, you’ll be covered by the Current Account Switch Guarantee every step of the way

Step 1

Select a Unity current account based on your organisation’s annual turnover and complete our online application form.

Step 2

In Section 2 of the online application form, it asks, ‘Would you like to transfer your current bank account(s) to Unity?’.
Select the ‘Yes’ option to switch to Unity Trust Bank.
Populate the appropriate account details and complete the rest of the form.

Step 3

Once the form has been submitted, we will be in touch to confirm details and discuss a switching date with you.

Start my switch

Already an existing Unity Trust Bank Current Account customer?

Head to the Customer Hub to complete a Current Account Switch Agreement*** so we can set up your switch and a Current Account Closure Instruction Form*** to authorise closure of your old account.

On your switch date

Your payments (such as Direct Debits, Standing Orders and Bill Payments) will all be ready in your new account
You’ll see the credit balance from your old account has been transferred to your new account
Any payments accidentally made to your old account will be redirected to your new account
Your old account will be closed and your Unity Trust Bank account will be ready to use

To find out how your data will be used before, during and after the switch read the Current Account Switch Data Privacy Notice.

One-size banking doesn’t fit all

Many of our customers are charities, housing associations and trade unions, so we know that switching accounts might not seem so straightforward. Rest assured we can still help you switch to Unity Trust bank if:

You want to keep your old account open

Called a ‘partial switch’, we can:

Set up all agreed Direct Debits and Standing Orders for you
Let you know what to do and when

You’ll need to:

Arrange for any payments going into your account to be transferred
Keep money in both your old and new account to cover any payments as we cannot redirect your payments

A partial switch can take up to 20 working days to complete and the Current Account Switch Guarantee, the Current Account Switch Agreement and the Current Account Closure Instruction do not apply.

You can’t use the switch service due to your current bank not being part of the scheme

We can still help you become a Unity Trust Bank customer:

Simply print, complete and sign this Account Transfer Request Form and return it to us. We’ll begin the switching process, but your switch won’t be covered by the Current Account Switch Guarantee.

If your business isn’t eligible to use the Current Account Switch Service, you can contact us to discuss your options.

Got a question?

Is my organisation eligible for the Current Account Switch Service?
The Current Account Switch Service is eligible for:
- a SME (any business type other than a charity of trust) with a turnover of less than or equal to £6.5 million with fewer than 50 employees.
- a charity with an annual income of less than £6.5 million.
- a trust with a net asset value of less than £6.5 million.
- Your current bank must be signed up to the Current Account Switch Service.
Does your business or organisation not meet this criteria? Please contact us on us@unity.co.uk or 0345 140 1000 to see how we can help you.
What if I change my mind?

You can cancel your switch up to seven working days before your switch date. If you do want to cancel, speak to your new bank, who can guide you through this process.
What happens to any debit card transactions or Direct Debits that I have asked my old bank to stop?

The Current Account Switch Service will not interfere with this process and any debit card or Direct Debit transactions that you have asked your bank to stop should remain stopped after you switch.
Will I have to pay any fees on my old account?

Charges (including debit interest) and fees may be applied to your old account, without giving you the usual notice. To find out more, please contact your old bank.

If you have a question which we haven’t answered yet, please call 0345 155 9933 to speak to one of our experts. Or you can find out more on the Current Account Switch Service FAQs.

*Over £2m applies to:
• An SME with an annual turnover and/or balance sheet total that does not exceed £6.5 million and employs fewer than 50 people. This definition comes from the banking reform proposals for ring-fencing and it meets the 99% SME threshold requirement in the 2014 Chancellor’s Autumn Statement (as validated by government produced statistics).
• A small charity with an annual income of less than £6.5 million
• A small trust with a net asset value of less than £6.5 million

**The Current Account Switch Agreement and Closure Instruction Form must both be signed in accordance with your old bank mandate and the signatories must also be on your new Unity Trust Bank account.