Racing Bank current accounts
A range of current accounts created for the racing industry
We currently offer three bank account options: Racing, Multi Owner and Racing Gold.
Racing Account
A simple bank account for UK resident sole or joint owners looking to separate their racing finances from their day-to-day banking.
Multi Owner Account
This account is available to syndicates, clubs and partnerships.
Racing Gold Account
Our flagship account available to sole or joint owners, bloodstock professionals and companies, and also owners who reside outside of the UK.
Looking for more benefits? Add the Racing Payment Service to your account if you require any of the following:
- Access to our telephone banking
- An agent to be added to your account e.g., trainer secretary
- A trainer payment mandate agreement (allows us to pay any racing-related bills, such as training fees, from your account)
- The ability to operate a USD or EUR currency account
- Paper statements
- A cheque book
- Month-end balance splits to individual accounts (partnerships only)
- The cost per account is £10 per month. However, fees are waived if you have a Racing Gold Account, a Weatherbys Private Bank account or if you use our VAT Return Service.
A full breakdown of our account features and charges
| 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. | ✓ |