Business Savings FAQs

Frequently asked questions for our business savings customers

Business savings FAQs

Can I manage my account online?

At the moment, online and app access isn’t available. But don’t worry—you can manage your account easily by giving us a call on 0121 557 2551 or email businessaccounts@thetipton.co.uk.

Who can open a Business Saver Account?

If you're a registered and active Sole Trader, Partnership, or Limited Company, you're welcome to apply.

What if I’m having trouble with the online application?

If DocuSign or the web form isn’t working for you, feel free to get in touch for support on 0121 557 2551 or email businessaccounts@thetipton.co.uk and we’ll be happy to help.

What documents will I need to apply?

We like to keep things simple. All we ask for is a PDF bank statement (dated within the last 3 months) for your nominated account.

Can I check how my application is going?

Of course, Just give us a call on 0121 557 2551 or email businessaccounts@thetipton.co.uk and we’ll be happy to update you.

Will you run a credit check?

No - We only carry out electronic checks to confirm your identity and meet UK anti-money laundering rules. These checks won’t affect your credit score, though they may appear on your credit report.

Can I switch to a different Business Saver Account?

Yes, you can switch to another account in our Business Savings range.
We may need signatures from all account holders, depending on the type of account - just get in touch and we’ll guide you through it.

How long does it take to open an account?

Once we’ve received your completed application, we aim to have your account up and running as soon as possible, this is normally within 2 – 3 working days of your application.

How can I keep track of my account without online access?

We’ll send you a monthly statement so you can stay on top of your savings. If you ever need an update in between, just give us a call on 0121 557 2551 or e-mail businessaccounts@thetipton.co.uk

Can I change the person who manages the account?

Yes, you can. Just email us at businessaccounts@thetipton.co.uk to get started. We’ll need to verify the new operator’s identity and have them agree to our terms and conditions.

Can I access my money early if I accept a penalty?

We understand that flexibility is important, but unfortunately, early access isn’t available on notice accounts. You’ll need to wait until the full notice period has passed.

Is my money protected under the FSCS?

Yes, it is. If you're a Sole Trader, Partnership, or Limited Company, your savings are protected up to £85,000 under the Financial Services Compensation Scheme (FSCS). You can check your eligibility here

Business Savings FAQs