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.

It's easy to apply

Drop in to complete an
application form

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
Account
Monthly
Fee
Maximum
Transaction
per month
A £5 5
B £10 20
C £15 35
D £25 70
E £40 125
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 want to open an account with us?

New Business account customers receive 18 months free banking when you join TSB

Start-up

   Switching to TSB

  

All business accounts

 

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

Call us on 0345 835 3865 

Call

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Speak to a Relationship Manager on 0345 835 3858.
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