Merchant Machine

OakNorth Business Fees, Customer & App Reviews In 2025


By: Ian Wright | Last Updated: April 25, 2025

Is a OakNorth business account right for you?

Read real customer reviews below along with more information about the various banking services OakNorth offers to businesses.

OakNorth Customer Reviews

Review Summary

0.0
0.0 out of 5 stars (based on 0 reviews)
Excellent0%
Very good0%
Average0%
Poor0%
Terrible0%

Recent Reviews

There are no reviews yet. Be the first one to write one.

Submit a Review For OakNorth

​

 

OakNorth homepage

OakNorth Reviews From Other Websites

OakNorth Trustpilot Reviews

Review Score (out of 5) Percent 5-Star Reviews Percent 1-star Reviews Total Number of Reviews
4.80 84% 3% 8,904

Source: https://www.trustpilot.com/review/oaknorth.co.uk

OakNorth iPhone & Android App Reviews

App Type Review Score (out out 5) Total Number of Reviews
iPhone 4.80 1,600
Android 4.80 468

Source:

https://apps.apple.com/gb/app/oaknorth-savings/id1476387507
https://play.google.com/store/apps/details?id=com.oaknorth.oaknorthmobilebanking&hl=en_GB

OakNorth Basics

Bank Type Challenger
FSCS Protection Yes, up to £85,000
Branch Locations None, online and phone only
Card Type Mastercard
FCA Number 629564
Online Banking Yes
Mobile Banking Yes
In Person/Branch Banking No

Customer Support Options

Phone Support Available Yes
Email Support Available Yes
Support Via Their App Yes
Web Based Support Yes
In person Customer Support No

OakNorth Business Account Types

Business Current Account Yes
Business Savings Account Yes
Business Credit Card No
Business Overdraft Yes
Accounts For Startups Yes
Accounts For Charities Yes
Accounts For Sole Traders Yes
Joint Business Accounts Available Yes

Opening A OakNorth Business Account

Can You Apply Online? Yes
How Long Does Opening An
Account Typically Take?
Few minutes
Do They Check Your Credit? No
Current Account Switch Service No

Click to open a OakNorth Business Account

OakNorth Business Savings

Types of Business Savings Accounts Fixed Term, Notice Accounts, Easy Access
Lowest Savings Rate (AER) 3.85%
Maximum Savings Rate (AER) 3.85%
Minimum Savings Amount £10,000

Please note these numbers were accurate at the time of publication, but may have since changed. Click to here to see current OakNorth rates

OakNorth Fees & Charges

Free Business Bank Account No
Free Business Account Term Length NA
Cheapest Monthly Account Fee £25
Most Expensive Monthly Account Fee £99.99
Electronic Payment Cost (in/out) Free
Cash Payments Cost (in/out) 70p per £100
Cheques in/out £1 per cheque
CHAPS Payments Cost £17
SEPA Payments Cost No

OakNorth Foreign Currency Accounts

US Dollar (USD) Bank Account No
Euro (EUR) Bank Account No
Interest Paid On Foreign Currencies No

Other Currencies Available:

No

Other OakNorth Business Services

Business Loans Yes
Commercial Mortgages Yes
Invoice Financing Yes
International Payments Yes
Merchant Services Yes
Card Machines No
Free Accounting Software No

Click to visit the OakNorth website

For other business bank accounts see out guide here.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

11 Best Card Machines For UK Small Business From £19

UK Merchant Account & Credit Card Processing Fee Comparison

21 Top Ecommerce Platforms For UK Businesses Comparison

Compare 100+ UK Payment Processing Companies & Merchant Services

Payment Gateways In The UK: What You Need To Know For 2025

Square Card Reader Reviews: UK Payment Fees & Pricing Compared

PDQ Machines: Cheap Chip & Pin Card Payment Terminals From £19

Square Tap to Pay

9 Best Tap To Pay On Apple iPhone & Android UK Options

7 Best Contactless Vending Machine Card Readers In The UK

7 Best Mobile Card Readers With Built-In Receipt Printers

Please note: Merchant Machine is an information and comparison website only.
We do not provide merchant services nor can we recommend which solution is right for you and your business.
Blog · About · Privacy Policy · Terms of Use · Contact Us
Copyright © 2025 Brilliant British Ltd trading as Merchant Machine

Registered Office Address:
3rd Floor Great Titchfield House, 14-18 Great Titchfield Street, London, United Kingdom, W1W 8BD
Company number 10490224