• Compare business bank account tariffs

    When you open a new business bank account with TSB we’ve got a special introductory offer for both start-up businesses and for businesses that switch their accounts:

    • 18 months' free day-to-day banking

    Once your free business banking period ends, you have a choice of tariffs that you can move on to, designed to suit your business however large or small it is. We'll write to you two months before and ask you which tariff you’d like to be placed on.

    Some of our specialised accounts for clubs, charities & societies and credit unions remain free - see the individual accounts for details.

  • Fixed Fee Account

    Simply pay one monthly fee to enjoy fixed day-to-day banking charges each month as long as you remain within your plan.

    We have five plans to choose from: 

    Fixed Fee AccountMonthly FeeMaximum Transaction per month
    A£55
    B£1020
    C£1535
    D£2570
    E£40125

    Plus:

    • Free cash withdrawals from any TSB cash machine (daily limits apply)
    • Free unlimited transfers to and from another TSB account in your business's name

    You can change your plan to match your busy or quiet periods, as many times as you like.

    Credit interest is not paid on this account

  • Business Extra Tariff

    Our Business Extra tariff gives you a clear view of what you're paying for individual transactions and day-to-day banking and charges you for as many or few as you need.

    There is an account maintenance fee of £5 a month for this account. Benefits include: 

    • Individual charges per transaction
    • Suitable for customers who use large cash transactions
    • Free cash withdrawals from any TSB cash machine (daily limits apply)
    • Free transfers to and from another TSB account in your business's name (with the sort code starting 30, 77 or 87)

    See the comparison table below for more details of fees and charges on the Business Extra Tariff

    Credit interest is not paid on this account

  • Electronic Business Tariff

    If you use electronic or automatic ways of banking then you could pay less for your banking on our Electronic Business Tariff.

    There is an account maintenance fee of £5 a month for this account. Benefits include:

    • Individual charges per transaction
    • lower cost charges for electronic or automated transactions (if your account is at least £1 in credit)
    • Free direct debits
    • Free BACS debits or credits
    • Free debit card transactions (excluding ATM)

    See the comparison table below for more details of fees and charges on the Electronic Business Tariff

    Credit interest is not paid on this account

  • Working out which business bank account tariff's best for you

    You can compare our business banking tariffs side by side using the table below. Your relationship manager will help you weigh up the options.

    Compare tariffs based on your typical monthly account activity.

  • Business Account Tariff comparison table

  • Transaction type 18 months free banking for start ups and switchers Fixed Fee Account Business Extra Account Electronic Business Tariff
    Fees
    Monthly fee None £5 to £40 £5 £5
    Minimum balance None None None £1 each month
  • Correct as at 4/7/11.

    Electronic business tariff – Minimum balance

    You need to keep a minimum balance of £1 in your account each month. If you go overdrawn at any time then you'll pay our standard "Business Extra" tariff on all transactions you make during that charging cycle. We calculate charges from the 10th of one month to the 9th of the next. And the first regular statement you receive following each charging period will show you any transaction charges. Your account will be charged 18 days (or the next working day) after the date of the statement.

  • Transaction type 18 months free banking for start ups and switchers Fixed Fee Account Business Extra Account Electronic Business Tariff
    Account payments
    Cheque

    Free

    Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) 65p 65p
    Direct Debit

    Free

    Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) 40p Free
    Standing order

    Free

    Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) 40p Free
    Telephone Banking

    Free

    Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) 15p Free
    Debit card transaction (excluding ATM)

    Free

    Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) 40p Free
    Internet Banking

    Free

    Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) 15p Free
    Other UK cash machine withdrawals

    Free

    Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) 45p* Free
    Other debit

    Free

    Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) 65p 65p
    Cash withdrawals from a TSB Cash Machine

    Free

    Free Free Free
    Transfer (transfer to another TSB Business Account in your name with the sort code starting 30, 77 or 87)

    Free

    Free Free Free
  • Correct as at 13/05/13.

    * The owner of the machine may also charge you for the transaction. All LINK machines will give you an on-screen warning of charges, in advance, allowing you to continue or cancel the transaction.

  • Transaction type 18 months free banking for start ups and switchers Fixed Fee Account Business Extra Account Electronic Business Tariff
    Account receipts
    Automated credit (includes telephone and Internet banking)

    Free

    Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) 20p Free
    Automated credit - Faster Payments inbound

    Free

    Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) 20p Free
    Credit paid in at TSB

    Free

    Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) 70p 65p
    Credit paid in at another bank

    Free

    Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) 70p 65p
    Credit paid via nightsafe

    Free

    Free Free Free
    Other credit

    Free

    Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) 70p 65p
    Transfer (transfer to another TSB Business Account in your name with the sort code starting with 30, 77 or 87)

    Free

    Free Free Free
  • Correct as at 13/05/13.

  • Transaction type 18 months free banking for start ups and switchers Fixed Fee Account Business Extra Account Electronic Business Tariff
    Other services
    Cash paid in

    Free

    Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) 57p per £100 89p per £100
    Cash paid out at TSB counter

    Free

    Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) 62p per £100 89p per £100
    Cash exchanged

    Free

    Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) £1.65 per £100 £1.65 per £100
    Cheque paid in

    Free

    Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) 28p 30p
    Cardnet ® envelope paid in

    Free

    Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) Free Free
    BACS - batch file submitted

    Free

    £4.00 £4.00 £4.00
    BACS - debit or credit item

    Free

    10p 10p Free
  • Correct as at 13/05/13.

  • Transaction type 18 months free banking for start ups and switchers Fixed Fee Account Business Extra Account Electronic Business Tariff
    Unauthorised borrowing
    Unauthorised borrowing

    £15.00

    £15.00

    £15.00

    £15.00

    Unpaid item £35 for each item not paid £35 for each item not paid

    £35 for each item not paid

    £35 for each item not paid

  • Correct as at 13/05/13.

    Unauthorised borrowing fee

    The first time you overdraw your account or exceed your agreed limit with us by £50 or more, an Unauthorised Borrowing Fee (UBF) is chargeable. After that, the UBF is chargeable every time you increase your unauthorised borrowing by £50 or more from the previous day's closing balance unless a higher limit is agreed with us or until the account is within its existing limit or in credit.

    Unpaid item

    We charge each time we have to return a cheque unpaid or there is insufficient money in your account to pay a standing order or Direct Debit*.

    * We make payments from your account shortly after midnight at the start of the payment due date or the next working day for payments that fall on a non-working day. If you don't have enough money in your account at this point, we will try to make the payment again after 3.30pm the same day to give you the chance to put extra funds into your account. If there is still not enough money to make the payment, we’ll try one last time shortly after midnight on the next working day.  If that attempt fails because there's not enough money in your account, the payment will not be made, and you will need to contact the beneficiary.

  • Next steps

  • Do you already have a business account and your free banking period is about to expire?

    Call us on 0345 835 3865

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