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Kickstart your business

Hit the ground running with 30 months free* day-to-day banking and specialist support to help bring your dream startup to life.

*Subject to keeping your account within agreed limits and not going overdrawn without arranging it first.
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Our Business Plus account

The small business account to get you off on the right foot.
Learn more about the account.

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Free day-to-day banking

Enjoy 30 months free day-to-day banking. Fees and charges still apply for other services.

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24/7 access

With our Business Banking App and internet banking you can manage your account anytime, anywhere.

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Free withdrawals

Withdraw money from any UK ATM and you pay no fees on transactions using your debit card. Limits apply.

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Business Plus account Charges
Monthly fee Free
Electronic payments (in or out) - including Direct Debits, standing orders and faster payments Free
Internet Banking, Telephone Banking and mobile app payments Free
Business debit card transactions Free
Cheques in or out Free
Cash in or out Free
Trasnfer between TSB accounts in your name Free
 

Free services are for UK Sterling transactions.

If you use an Unarranged Overdraft, you’ll pay interest, and you may pay a daily fee depending on how much the overdraft is.

You’ll also pay the following fees that month:

  • An account fee of £5 per month (if your average account balance is under £10,000 that month).
  • Charges for paying cheques or cash in or out. Paying in UK Sterling with your debit card or bank transfer is still free.
 

We’ll write to you before your free day-to-day banking period ends to let you know. Full details of all other fees and charges that apply during and after the free day-to-day banking period (including the costs of an Unarranged Overdraft) can be found in your Business Banking Charges Guide.

 

After the free period has ended, there’s an account fee of just £5 a month if your account balance is under £10,000 each month. There are also small charges for paying cheques or cash in or out. Paying with your debit card or bank transfer is still free.

Business Plus account 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
 
For full details please see your Business Banking Charges Guide.
 

Unarranged Overdrafts

If you ask us to make a payment when there’s not enough money in your account (or you don’t have enough Arranged Overdraft left) we may decide to make the payment by lending you money using an unarranged overdraft.  If we do this, interest and fees apply as set out in this table:

Amount borrowed using an unarranged overdraft Interest Daily fee
Up to £50 No interest No fee
£50 up to £200 Annual interest rate of 19.9% per annum on the full amount borrowed using an unarranged overdraft No fee
Over £200 Annual interest rate of 19.9% per annum on the full amount borrowed using an unarranged overdraft £1 a day

Maximum 10 fees in any monthly charging cycle

Unpaid item fee

If we return a cheque unpaid, or there’s not enough money in your account (or you don’t have enough Arranged Overdraft left) to pay a standing order or a UK Sterling Direct Debit, we’ll charge you an unpaid item fee as follows:

Value of item returned unpaid Fee
£20 and under No fee
Over £20 £3 for each item that’s returned unpaid

Maximum 3 fees a day

Good to know

We calculate interest and fees daily based on the amount you borrow at close of business on that day.  We’ll add the unarranged interest and fees, and unpaid item fees, to your account monthly in one lump sum. Remember you’ve got until 2.30pm (or up to midnight for standing orders) on the day a payment is due to pay enough money into your account to make sure the payment is made, and avoid paying interest and fees. See section 6 of the Business Banking Current Account Terms and Conditions for more information.

Further fees and charges for other services can be found in your Business Banking Charges Guide.

  Charges
Enterprise Nation Lifetime Membership Free
Square
  • Square card reader and £1,000 of fee-free processing
  • Or, no fees on your first £5000 of sales
  • Or, 30% off Square Terminal and £1,000 of fee-free processing
Free
Square Invoicing Free
Square Ecommerce Website Builder Free
Revenu membership after 12 months £6
 


Small business account specialist support

Make use of our specially selected Marketplace offers that help you get over those early businness hurdles.

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Enterprise Nation

Free for TSB customers

Easy access to trusted advice

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Get tailored support from trusted advisors.

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Make use of practical content.

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Gain top tips with bitesize e-learning.

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Connect with local entrepreneurs on virtual meetups.

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Square

Pick your own offer

Simple, secure payments

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Choose a free Square-reader, no fees on £5,000 of sales, or 30% off a Square Terminal.

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Accept card payments from anywhere – in-store or on the go.

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Build a shop window and take secure payments online.

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Revenu

12 months free

Easy digital payments

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Get paid faster by sending your customers instant account to account payment requests.

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Depending on your business, connect with accountancy tools for automatic reconciliation.

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There’s no middle man — that means you recieve all of the money your customers send.

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Our other Marketplace offers

The small business bank account to get you off on the right foot.

 
 
 

Be the business logo

Funding options logo

 
 
 
 
 

Steps to kick start your business

These simple steps will help you on your way to bringing your dream startup to life.

  • 1

    Open a Business Plus account. I’m not sure where to begin?

  • 2

    Receive your welcome email with next steps.

  • 3

    Sign up to the specialist support you need.

Open a Business Plus account

What you need to apply

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You must be 18 or over and a UK resident

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Your business is registered in the UK


 
 

Personal documents:

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Proof of home address

ID icon

Proof of ID

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Partnership agreement and details about partners


 
 

Business details:

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Nature of business icon

Nature of Business

Proof of business icon

Proof of Business name

Proof of address icon

Proof of Business address

Ready to apply for a Business Plus account?

It’s quick and easy to apply online. We’ll start processing your application as soon as all documentation needed to support your application is received. If we need anything else to get you set up, then we’ll let you know, due to current volume of applications this could take up to 10 working days.