Below is our simple charging tariff, which you will move on to once your 6 months’ free banking has finished. Services that cost us more to process are going to cost you more to use; for instance, writing and accepting cheques.
If you maintain an average balance of £10,000 or more during a charging cycle, we won’t charge you the monthly fee.
Further fees and charges for other services can be found in your Account Charges Explained brochure.
| Business Plus bank account |
| Transaction type |
Charges |
| Monthly fee (waived if average balance in the month is £10,000 or more) |
£5 |
Electronic payments (in or out) - including UK sterling Direct Debits*,
standing orders and faster payments |
Free |
| Internet Banking, Telephone Banking and Mobile app payments |
Free |
| Business debit card transactions, including cash withdrawals †† |
Free |
| Cheques† (per cheque paid in** or out) |
70p |
| Cash (per £100 paid in** or out, or exchanged) |
70p |
| Transfer between TSB accounts in your name |
Free |
† Cheques include postal orders
* For SEPA Direct Debit please see the International Services Tariff Brochure.
** Cash and cheques paid in at a Post Office branch will take an additional day to reach us, and you will need your TSB pre-printed paying-in slip. The charges (for deposits) apply irrespective of whether your transaction is carried out at a TSB branch or a Post Office branch. Daily ATM cash withdrawal limits apply.
†† This includes the use of debit cards to withdraw cash over branch counters and where a bank giro credit is paid using either a debit card or a cheque drawn on your account and processed as cleared funds. The owner of any non-TSB cash machines may charge you for their services. All LINK machines will give you an on-screen warning of charges, in advance, allowing you to continue or cancel the transaction.
