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About Business Deposit Accounts

Business owner in a meeting discussing Business Deposit Accounts with the Marsden

You’ve worked hard to build your business, so why not make your savings work hard too? We have a range of accounts available if you’re looking to make more of your business savings.

Our business savings accounts are tailored to help SMEs achieve their goals. Whether that’s saving for short-term needs or long-term investments, we understand the importance of providing a secure and dedicated space for businesses to save.

Can I open a business deposit account?

The accounts are available to small-to-medium sized businesses registered at Companies House. Postcode restrictions apply on some of our products.

You’ll need to have fewer than 250 employees and have either an annual turnover of no more than £42.5 million and/or an annual balance sheet totalling no more than £36.5 million.

You can find out more about the eligibility for our business deposit accounts in the terms and conditions of the account you'd like to apply for. 

Please note, we don't accept funds managed by a third party/aggregator.

How to apply for a business deposit account

  1. 1. Apply for an account by downloading our Business Deposit Application Form. 
  2. 2. Fill in the PDF using Adobe Acrobat, then click 'submit application' on the application form. This feature will only work in Adobe Acrobat.
  3. 3. This will open a new email with the completed file ready to send.
  4. 4. You should hear from us within 5 working days of submitting your application. 

 

Alternatively, you can email the application directly to businesscustomers@themarsden.co.uk or return it by post to the Business Deposit Team, Marsden Building Society, 6-20 Russell Street, Nelson, Lancashire BB9 7NJ.

When we receive your application form, we'll carry out validation checks. If we need any more information from you, we'll contact you. If you don't hear from us within 5 working days, please call 01282 525110.

Our business deposit accounts

Our business deposit accounts

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View the accounts available

View the accounts currently available and read the terms and conditions of each product.

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Apply for an account

Apply for an account

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Submit an application form

You can apply for an account by downloading an application form and completing it using Adobe Acrobat. Your account will be managed by phone or you can request a transaction using the form on this page.

Apply

Already have a business deposit account with us?

You can request a transaction by downloading the form below and completing it using Adobe Acrobat, or calling our Business Deposit Team on 01282 525110

Frequently asked questions

A savings account designed specifically for businesses. Our business deposit accounts can help you save for short and longer-term goals, meaning you can separate the things you’re saving for from your day-to-day business banking.

This depends on whether we need to contact you to request additional documentation. Normally, we aim to complete the process and have your account opened in 5 business days. Once the account has been opened we’ll contact you to request your first receipt via faster payment. We'll confirm when we've received the payment from you.

The number of account holders needed to authorise a withdrawal is up to you. If you decide to operate the account on “one authority”, it’s important that you have your own internal procedures in place as we can’t be held responsible for any fraudulent withdrawals.

When a withdrawal request is received, we’ll need to make contact to validate the request before the withdrawal is processed. If multiple authorities are required, we’ll need to contact each person, which may mean the withdrawal is delayed if we can’t make contact.

We have different methods of contact, including text and phone call.

Our Business Deposit Team are available Monday to Friday by calling 01282 525110 or emailing businesscustomers@themarsden.co.uk

If your enquiry is urgent, the quickest way to contact us is by calling.

Once you submit your application form for a business deposit account, a member of our Business Deposit Team will carry out checks to verify you, your business and your nominated bank account. If this can’t be done electronically, we’ll contact you and ask for the necessary documents to complete our checks. 

We can open accounts for small-to-medium sized UK-based businesses who are registered at Companies House and have a UK current business banking account. Acceptable companies include Limited Companies, Limited Liability Partnerships and Partnerships. Unfortunately, we’re unable to open accounts for sole-traders and reserve the right to refuse to open an account if you’re engaged in high-risk activities or have links to high-risk countries.

Why save with the Marsden?

Why save with the Marsden?

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Find out more about us

We're a safe and secure home for your money, founded over 160 years ago to build something better for the community.

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Get in touch

Get in touch

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Speak to our team

If you'd like to speak to our Business Deposit Team, call 01282 525110 or request a call back.

Request a call back