Yorkshire Bank is now part of a group with Virgin Money and Clydesdale Bank. Since 2021, they started to operate under the Virgin Money brand for their banking operations and have undergone a process of moving their customers over to them and rebranding all their services and consolidating their branch network.
Yorkshire Bank Business Banking Services
Current Accounts
Now provided by Virgin Money.
Savings account
Now provided by Virgin Money.
Overdrafts
Business customers pay 9.0% representative EAR on unsecured overdrafts up to £25,000. There’s also a 2.5% establishment fee, which is charged at a minimum of £120. Yorkshire Bank may ask for security on your overdraft.
Business finance and loans
There are 3 different business loans available from Yorkshire Bank, ranging from £1,000 – £10 million. Repayment terms vary, and interest rates can be fixed or variable.
More on Yorkshire Bank Business Loans & Finance
Yorkshire Bank Reviews and Ratings
Trustpilot reviewers are unhappy with online banking and general account management. Some have been Yorkshire Bank customers for a long time, but have become unhappy with the service they receive.
Smart Money People and Reviews.co.uk are more mixed. Some are very pleased with the speed and efficiency, others are critical of internet banking.
Trustpilot – 1.3/5 (based on 406 reviews)
Reviews.co.uk – 2.75/5 (based on 4 reviews)
Smart Money People – 2.11/5 (based on 27 reviews)
Pros
- Choice of business finance products.
Cons
- They no longer offer bank accounts on their own but through Virgin Money.
- Reviewers are unhappy with online and telephone banking.
- Poor independent rating for online and mobile banking
Website: Yorkshire Bank Business Banking