Unity Trust Bank

Unity Trust Bank offers a business current account with tiers based on annual turnover and multi-step payment authorisation. The legal entity is a public limited company based at Four Brindleyplace in Birmingham.

Regulation

The bank is registered under company number 01713124 and financial services register number 204570. It is regulated by the Prudential Regulation Authority and the Financial Conduct Authority.

Account and payments

The listed services are a business current account, Bacs, Faster Payments, international payments and payment authorisation. The account range includes the Unity T1 Current Account and other tiers of the business current account, chosen by annual turnover. Payments can be sent over Faster Payments, including in batches, and over Bacs, with international payments as well. Several people can be required to approve a payment, which suits organisations that have governance rules on who can release funds.

Cash and cheques

Cash and cheques are accepted through a named partner bank network rather than by the bank's own branches.

What to confirm

Tier prices, turnover thresholds and transaction charges are not stated in the published description. A business should compare them with the bank, and also ask about the onboarding documents for its legal form.