Elisei Sergevnin

Switching business bank accounts isn’t something most founders do lightly. Unlike a personal current account, your business account is woven into how your company operates: supplier payments, payroll, direct debits, accounting integrations, card transactions. Moving it all takes time and carries real risk if something goes wrong mid-transition. But staying with the wrong bank carries its own costs. Fees that quietly add up. Payments that get blocked or delayed.

Tuesday February 24th, 2026 At the start of the year, business leaders tend to ask the same questions: What needs to change? Where are the inefficiencies? And what’s getting in the way of growth? From our conversations with SMEs and mid-sized businesses across the UK, one thing is clear: traditional business banking still creates too much friction. Too many silos? Too many processes. Too much time spent managing money rather than using it to grow the business.

At OakNorth, we believe that saving should feel rewarding. That’s why we ran our New Year Prize Draw, giving customers who opened and funded a 9-month Fixed Term account in December the chance to receive a £1,000 prize. We’re pleased to confirm that the winner of our New Year Prize Draw is Maureen Ann Ross.