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Business Current Accounts

Whichever you choose, you get a Debit Card, Cheque book (if you want one), optional Savings Accounts, as well as Business Internet Banking app.

Account featuresBusiness Current AccountBusiness Choice AccountProfessional Firms Client Account
Available toAll businessesAll businessesAll businesses hold and manage clients' funds
Free banking
(subject to qualifying criteria)
Yes
Yes
Free banking period for Start Ups and Switcher subject to qualifying criteria [1]
No
No
Yes
Yes
Free banking only applies to designated client accounts
Base rate linked credit interestNo
No
Yes
Yes
Yes
Yes
Monthly Fee & Transaction Charges
(Unless Free Banking applies as above)
Business Banking Tariff Guide
Yes
Yes
Yes
Yes
Yes
Yes
Planned borrowingPlanned borrowing (subject to status) is when you have agreed an overdraft limit with us on your business account, allowing you to continue to make payments up to the value of your agreed overdraft limit.
Subject to lending assessment. Security may be required.
Yes
Yes
Yes
Yes
Yes
Yes
Unplanned borrowingUnplanned borrowing happens when you exceed the amount available in your account, including any overdraft facility, without first agreeing it with us. The fee is applied for each business day that we make a payment where your unplanned position is greater than the value of your unplanned borrowing buffer. [2]
(Unplanned Debit Interest & Daily Unplanned Borrowing Fee applies)
Yes
Yes
Yes
Yes
Yes
Yes
Returned item feeThis fee will be charged when there is not enough money in your account or agreed overdraft to make a payment and we refuse the request we will not change the returned item fee if the value of the unpaid item is £35.00 or less. This is returned item fee buffer amount.Yes
Yes
Yes
Yes
Yes
Yes
Business Internet Banking, Mobile & TelephoneYes
Yes
Yes
Yes
Yes
Yes
Apple Pay and Google PayYes
Yes
Yes
Yes
Yes
Yes
Contactless Debit MastercardYes
Yes
Yes
Yes
Yes
Yes
How to apply?Find out more about this Business Current accountFind out more about this Business choice accountFind out more about this Professional Firms Client account

Charities, Clubs and Societies

Whichever you choose, you get a Debit Card, Cheque book (if you want one), optional Savings Accounts, as well as Business Internet Banking, app and phone.

Account featuresCharity Choice AccountClubs & Societies Current AccountClubs & Societies Choice Account
Available toRegistered charitiesClubs, societies, unregistered charities and non-profit making organisationsClubs, societies, unregistered charities and non-profit making organisations
Free banking
(subject to qualifying criteria)
Yes
Yes
Free day-to-day banking if your charity's turnover is under £1 million [3]
Yes
Yes
Free day-to-day banking if you have 10 or less transactions a month [4]
No
No
Base rate linked credit interest
(if applicable)
Yes
Yes
No
No
Yes
Yes
Monthly Fee & Transaction Charges
(Unless Free Banking applies as above)
Business Banking Tariff Guide
Yes
Yes
Yes
Yes
Yes
Yes
Planned borrowingPlanned borrowing (subject to status) is when you have agreed an overdraft limit with us on your business account, allowing you to continue to make payments up to the value of your agreed overdraft limit.
Subject to lending assessment. Security may be required.
Yes
Yes
Yes
Yes
Yes
Yes
Unplanned borrowingUnplanned borrowing happens when you exceed the amount available in your account, including any overdraft facility, without first agreeing it with us. The fee is applied for each business day that we make a payment where your unplanned position is greater than the value of your unplanned borrowing buffer. [2]
(Unplanned Debit Interest & Daily Unplanned Borrowing Fee applies)
Yes
Yes
Yes
Yes
Yes
Yes
Returned item feeThis fee will be charged when there is not enough money in your account or agreed overdraft to make a payment and we refuse the request we will not change the returned item fee if the value of the unpaid item is £35.00 or less. This is returned item fee buffer amount.Yes
Yes
Yes
Yes
Yes
Yes
Business Internet Banking, Mobile & TelephoneYes
Yes
Yes
Yes
Yes
Yes
Apple Pay and Google PayYes
Yes
Yes
Yes
Yes
Yes
Contactless Debit MastercardYes
Yes
Yes
Yes
Yes
Yes
How to apply?Find out more about this Charity Choice accountFind out more about this Clubs & Societies Current accountFind out more about this Clubs & Societies Choice account

[1] From 15th April 2021, this offer applies to small and medium Business Banking customers with a turnover of less than £6.5 million switching their main Business Current Account or start ups opening first account within 12 months of beginning trading. No charges apply to cash or cheque deposits and withdrawals, Direct Debits or other automated transactions. Borrowing facilities available subject to status, fees apply. Charges for “additional services” and “borrowing charges” are not part of the free banking offer and are highlighted in our Business Banking Tariff Guide. Cash limit (paid in, paid out or exchanged) of £250,000 per annum. At the end of the free banking period, you will move to our Business Banking Tariff Guide.

[2] In the event that you exceed your borrowing arrangements without prior agreement, a higher rate of interest will be charged on the excess borrowing. As explained in the Terms and Conditions applicable to your Account, Unplanned Borrowing that totals less than the Buffer Amount will not attract the Daily Unplanned Borrowing Fee. The Buffer Amount is detailed in the Business Banking Tariff Guide.

[3] Charities Choice Account - Registered Charities with turnover of less than £1m per annum qualify for free transactional banking. No charges apply to cash or cheque deposits and withdrawals, Direct Debits or other automated transactions. Our Business Banking Tariff Guide details charges and fees that apply.

[4] Clubs & Societies Current Account - Not for profit with 10 transactions or less per month qualify for free transactional banking. No charges apply to cash or cheque deposits and withdrawals, Direct Debits or other automated transactions. Our Business Banking Tariff Guide details charges and fees that apply.

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