This page gives you details of our day-to-day banking charges for the Business Extra Tariff.
We will write to you 2 months before your free business banking period ends, asking whether you want to be placed on the tariff you chose when you opened your account or a Fixed Fee Account. Our Fixed Fee Account tariffs give you a maximum number of transactions each month for a fixed fee. This makes it easier for you to budget for your day to day banking – put you in control of your account charges.
Alternatively, you may choose to move onto the Electronic Business Tariff which includes lower cost charges for those electronic transactions if a credit balance of £1+ is maintained.
Our charging cycle runs from the 10th of one month to the 9th of the following month.
Credit interest is not paid as standard on our Business Extra Tariff.
Compare our tariffs side by side
Account maintenance fee (charge made for the basic administration costs of running your account): £5.00 a month
*You will be charged an item fee for each individual payment that you make within a Bulk Payments batch. In addition you will also be charged for the debit made to your account for the total amount of the Bulk Payments batch - charged at the rate of a Direct Debit.
For example, a batch of 10 payments will incur a charge of 10 x 15p for the individual payments as well as 1 x 40p for the direct debit to the account. This makes a total of 11 individual charges.
Payments made through your account are processed in different ways. Find out more information about the cheque clearing process for cheques, automated payments and Internet and Telephone Banking transactions.
**this includes the use of debit cards to withdraw cash over branch counters
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.
We’ll contact you every time we return an item unpaid. Any unauthorised borrowing or return item charges will be accrued into one lump sum and charged on a monthly basis.
**this includes the use of debit cards to withdraw cash over branch counters.
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