Below is our simple charging tariff, which you will move on to once your 25 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 Business Banking Charges Guide.
| 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.
