Open a Flagstone business account
Protect and grow your business' cash reserves
Why Flagstone?
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Following a single application, we offer our clients access to hundreds of accounts from up to 30+ banks.
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Receive up to £85K FSCS protection for each eligible deposit.
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View and control your money through your own highly secure online Flagstone account –24/7.
What happens next?
- Minimum deposit to open a business account is £250,000.
- For each savings account you open through Flagstone, we receive a small share of the interest (up to 0.30%).
- We're FCA-authorised (reference number 605504) under the Payment Service Regulation 2017 for the provision of payment services.
The minimum deposit required to open a Flagstone platform account is £250,000. The banks and accounts available to you in the platform will vary based on the value of your cash deposits, and the unique circumstances of your business. Cash deposits made through Flagstone platform enjoy the same FSCS protection where eligible per UK authorised bank as if the deposit was placed directly with the bank.
FSCS protection eligibility
All UK based banks and building societies on our platform are members of the Financial Service Compensation Scheme (FSCS).
In the event that one of the UK based banks and building societies on the platform were to go into administration then our client (if eligible) would have a single claim under the FSCS limited to the deposit compensation limit of £85,000 per depositor (£170,000 for joint accounts) per UK bank.
The FSCS protects certain qualifying temporary high balances up to £1 million for six months from when the amount was first deposited.
You do not need to do anything – the FSCS will compensate you automatically.
For more information, please refer to the FSCS website.