Business bank accounts

Check the app or Online Banking to see if a tiered cashback rate applies to your account.

You can still earn up to £1,000 cashback per month on a tiered cashback rate, but you’ll earn slightly less cashback until your eligible card spend is more than £5,000.

How the tiers work

As your total monthly card spend increases, you can unlock higher cashback rates. The cashback rate applied to each purchase is based on your current tier, regardless of the individual purchase amount. 

Earning up to 0.5% cashback

The cashback rates shown for each tier in the table are for accounts with up to 0.5% cashback. At the start of a new calendar month, your first purchase will always receive the 0.1% cashback rate. 

Here's an example:

John runs a small business and makes a few card purchases each month:

• His first purchase of £500 earns £0.50 cashback at 0.1%.

• His second purchase of £3,000 earns £3 cashback at 0.1%. This payment also unlocks Tier 2.

• His third purchase of £2,000 earns £5 cashback at 0.25%. Since his total monthly card spend is now more than £5,000, any further purchases in the same calendar month earn 0.5%.

In this same scenario, if John’s first payment were £6,000, he would earn £6 cashback at 0.1%. However, that single payment would also unlock both Tier 2 and Tier 3, meaning all other purchases in the month earn 0.5%.

Earning up to 1% cashback

The cashback rates shown for each tier in the table below are for accounts with up to 1% cashback. At the start of a new calendar month, your first purchase will always receive 0.25% cashback. 

Here's an example:

John runs a small business and makes a few card purchases each month:

• His first purchase of £500 earns £1.25 cashback at 0.25%.

• His second purchase of £3,000 earns £7.50 cashback at 0.25%. This payment also unlocks Tier 2.

• His third purchase of £2,000 earns £10 cashback at 0.5%. Since his total monthly card spend is now more than £5,000, any further purchases in the same calendar month earn 1%.

In this same scenario, if John’s first payment were £6,000, he would earn £15 cashback at 0.25%. However, that single payment would also unlock both Tier 2 and Tier 3, meaning all other purchases in the month earn 1%.