Triodos Bank is a European bank that offers business bank accounts to social ventures and charities in the UK that have no monthly account fee but have simple transaction fees. Below we look at reviews for the company along with the accounts they offer, how much they cost and other key things you need to know to help you decide which business bank account provider is right for your business.
Triodos Bank Reviews
Below we look at reviews for Triodos Bank from a variety of websites. Please keep in mind that these reviews are for all of Triodos Bank’s services and so may not fully reflect their business offerings.
Triodos Bank Business Services Plans, Packages & Prices
Triodos Bank offers a single social venture business current account that includes:
- 24/7 online account management
- UK based customer service team
- Postal banking service
- Set up direct debits and standing orders
- Make and receive payments from abroad
- Arrangements for over-the-counter deposits can be made
There are a wide range of charges on their business bank account which includes:
- Automated payments £0.30
- Non-automated payments £0.60
- Cheque draws £0.60
- Internet banking payment out £0.10
Note plans, packages and prices were all accurate at the time of publication (April 2021) but may have changed since then. Please check Triodos Bank’s website for the latest information.
Triodos Bank Background
Triodos Bank is a European bank that has offices in the Netherlands, Belgium, UK, Spain and Germany. Triodos Bank UK is a subsidiary of Triodos Bank NV which is based in the Netherlands and the UK head office is in Bristol. The bank was founded in 1968 and launched in the UK in 1995.
Triodos Bank aims to be a sustainable bank and promotes sustainable finance that helps support individuals and organisations in benefiting the environment. As such they only finance companies that focus on people, the environment and culture, and they are transparent in how they do this.
Triodos Bank offers their business banking services to social ventures and charities with an account that has no monthly account fees and has simple charges for transactions.
Switching To Triodos Bank
If you want to switch to Triodos Bank you can apply online for an account. They operate the Current Account Switch Service so you can select the date you want the switch to happen after your account has been opened and it will take place in seven days. All regular payments and credit balance will be transferred, and your existing account will be closed. This is backed by the Current Account Switch Guarantee.
Additional Business Services From Triodos Bank
Triodos Bank offers a range of business services which include:
Triodos Bank Business Service Availability
To be eligible for Triodos Bank’s business account your business must be located in the UK, have a turnover above £5,000 and the directors/operators must be over 18 years old. Identification will be required to prove who you are and your residential status in the UK.
They do not serve all sectors with their business accounts so it is worth checking their eligibility criteria to see if your business is excluded.
Triodos Bank Business Customer Service and Complaints
You can contact the Triodos Bank customer service team on 0330 355 0355 on Monday-Friday 8am-6pm and Saturday-Sunday 10am-4pm.
Triodos Bank Business Contact
You can get in contact with Triodos Bank by:
- Send a secure message through your internet banking
- Calling 0330 355 0355 (Monday-Friday 8am-6pm and Saturday-Sunday 10am-4pm)
- Post – 50 Frederick Street, Edinburgh EH2 1EX
Triodos Bank Business Services Pros/Cons
- No monthly account fee
- Fairly simple charging structure
- Customer service available at weekends
- Fairly positive customer reviews, although low number
- No branches
- Counter services not available as standard
- Not a well-known bank