OakNorth Business

OakNorth Business

Business banking

0 ratings
3 reviews
Free

Details

Released
June 29, 2023
Updated
November 2, 2026

Features

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About

This business banking app helps UK-registered companies scale quickly with a streamlined application process. It offers interest-earning savings accounts, fee-free spending, and robust security features. Manage multiple accounts, add team members with specific permissions, and integrate with accounting software.

✓Open accounts in days
✓Earn interest on savings
✓Fee-free Visa debit card
✓Multi-user access with permissions
✓Payment approval workflows
✓Xero, Sage, NetSuite integration
✓Dedicated Business Partner
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+1

What's New in OakNorth Business

1.74.1

November 2, 2026

Just a few small tweaks to keep things running smoothly. If you have any feedback, let us know in the app.

User reviews

Locked me out

Told me to change my passcode and take a selfie. App kept on crashing on the selfie screen. FFS.

Great App; Great Team

Business Banking app is no different to the Personal Savings app: easy-to-use and ever-reliant.

Banking for Entrepreneurs

I’ve just signed up with OakNorth as my business bank.

The whole team has been hands on helping me to open my account and get set up.

Looking forward to working closely with the team to offer my feedback!

Developer apps

FAQ

What is the eligibility criteria for OakNorth Business?

To apply for an OakNorth Business account, your company must be registered in the UK with Companies House, have an annual turnover of £1M or more (or deposits of at least £100K), and you must be a UK tax resident aged 18 or over. Specific criteria apply to property companies and different company types.

How long does it take to open an OakNorth Business account?

You can open an OakNorth Business account in days, not weeks or months. The application process via the app is designed to be quick, taking approximately 10 minutes to complete.

Does OakNorth Business offer savings accounts?

Yes, OakNorth Business includes a built-in easy-access savings account where you can earn interest on idle cash. You can also open a Notice account that tracks the Bank of England base rate or a Fixed Term account for predictable earnings.

Can I manage multiple company accounts with OakNorth Business?

Yes, if you run a group of companies or have several different business interests, you can open multiple company accounts as and when you need them through the OakNorth Business app.

What security features does OakNorth Business provide?

OakNorth Business prioritizes security with multi-factor authentication, biometrics, superior fraud detection systems, and strong encryption. Your eligible deposits are also protected up to £120,000 by the Financial Services Compensation Scheme.

Can I integrate OakNorth Business with my accounting software?

Yes, you can sync your OakNorth Business account with popular accounting software like Xero, Sage, or NetSuite. This ensures your transactions are automatically up to date across all your platforms.

How does OakNorth Business handle team access and payments?

You can add team members to your account and set specific permissions for each user. Roles like requester or approver can be assigned, enabling a payment approval workflow to effectively manage spending and set up bulk payments.

Is OakNorth Business available on multiple platforms?

Yes, you can manage your OakNorth Business account seamlessly on both the mobile app and the web interface, providing flexibility for your business operations.