Racing Bank current accounts
A range of current accounts created for the racing industry
We have three current accounts, which offer different features and services, so whatever your involvement in racing, you will find one that’s right for you.
Racing Account
For sole or joint owners who want to keep racing finances separate
Simple, streamlined and entirely online, the Racing Account is for you if you live in the UK and like to keep your racing finances separate from your everyday banking. Entries, winnings, VAT reporting, all in one place.
Multi Owner Account
For syndicates, clubs and partnerships who share transactions
Managing shared finances can be complex. This account simplifies things. It offers one shared account with transparent access for all members and a single view of all racing transactions – all supported by expert service. Ideal for keeping everyone up to date.
Racing Gold Account
For international owners, professionals and companies who want dedicated support and extra flexibility
Our most tailored account, offering the support of a personal relationship manager, greater flexibility and exclusive benefits, making it ideal for international sole and joint owners, professionals and companies.
Helping you even further
Add our Racing Payment Service if you’d like any of these additional benefits:
- Telephone banking
- Add an agent to your account, like a trainer secretary
- A trainer payment mandate agreement, allowing us to pay any racing-related bills
- The ability to operate a USD or EUR currency account
- Paper statements
- Cheque book
- Month-end balance splits to your individual accounts (partnerships only)
These benefits are free for Racing Gold and Private Bank account holders, or if you use our VAT Return Service.
Compare the features of our accounts
| Features | Racing Account | Multi Owner Account | Racing Gold Account |
|---|---|---|---|
| Available to | Sole or joint owners (UK residents only) | Syndicates, clubs, and partnerships | Sole or joint owners, bloodstock professionals and companies |
| Monthly Account Fee | £5 pm | £15 pm | £30 pm |
| Number of accounts included in the fee | One | One | Unlimited |
| Number of free BHA racing transactions per month | 5 | 5 | 10 |
| Additional racing transaction charges | 65p per transaction | 65p per transaction | 45p per transaction |
| Weatherbys VAT Return Service | 10% discount | 10% discount | 20% discount |
| Online and mobile banking | ✓ | ✓ | ✓ |
| Electronic statements incl. VAT breakdown | ✓ | ✓ | ✓ |
| Relationship managed (dedicated banker) | ✓ | ||
| Debit card (commission free overseas) | ✓ | ||
| Overdraft facility (subject to credit criteria) | ✓ | ||
| Weatherbys Racing Payment Service (RPS): – Unlimited access to our payments team – Operate a trainer payment mandate – Optional paper statements – Optional currency accounts – Optional agent(s) on your account | £10 pm or Free to clients who also use the Weatherbys VAT Return Service and clients of Weatherbys Private Bank. For clients who do not have the Weatherbys Racing Payment Service (RPS), each telephone banking payment will be charged at £10 per payment. | £10 pm or Free to clients who also use the Weatherbys VAT Return Service and clients of Weatherbys Private Bank. For clients who do not have the Weatherbys Racing Payment Service (RPS), each telephone banking payment will be charged at £10 per payment. | ✓ |