Electronic Business Tariff

Day-to-day banking

This page gives you details of our day-to-day banking charges for the Electronic Business Tariff.

If you use electronic or automated ways of banking then you may prefer our Electronic Business Tariff, which includes lower cost charges for those types of transactions if a credit balance of £1+ is maintained.

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 plans 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, putting you in control of your account charges.

Alternatively, you may choose to move onto the Business Extra Tariff where instead of a fixed monthly fee, you will pay individual charges per transaction.

Our charging cycle runs from the 10th of one month to the 9th of the following month.

Compare our tariffs side by side

Account maintenance

Account maintenance fee (charge made for the basic administration costs of running your account): £5.00 a month.

Account payments

Transaction Type Charges
Cheque 65p
Direct Debit Free
Standing order Free
Transfer (transfer to another TSB business account in your name with the sort code starting 30, 77 or 87) Free
Debit card transaction (excluding ATM) Free
UK Cash machine withdrawals (we will not charge you for debiting your account but some providers may charge you a fee for using their machines which they will advise you of in advance. Please refer to our brochure 'Your business account charges' for further information on other card transactions.) Free
Other debit 65p
Internet Banking Free
Bulk Payment - per item Free
Bulk Payment - batch direct debit* Free
Telephone Banking

Free

Account receipts

Transaction Type Charges
Automated credit (includes Telephone and Internet Banking) Free
Automated credit – Faster Payments inbound Free
Credit paid in at TSB branch 65p
Credit paid in at another bank 65p
Credit paid via nightsafe Free
Transfer (transfer from another TSB business account in your name with the sort code starting with 30, 77 or 87) Free
Other credit 65p

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.

Other services

Transaction Type Charge
Cash paid in 89p per £100
Cash paid out at TSB counter 89p per £100**
Cash exchanged £1.65 per £100
Cheque paid in 30p
Cardnet® envelope paid in Free
BACS – batch file submitted £4.00
BACS – debit or credit item Free
**this includes the use of debit cards to withdraw cash over branch counters
 

Unauthorised borrowings

Transaction Type Charges
Unauthorised Borrowing Fee £15.00
Unpaid Item £35 for each item not paid

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.

* For standing orders, where, on the date that such a payment is due to be made there is not enough money in your account to make that payment, we will attempt to complete the payment again in the afternoon of the same day and also make an additional retry attempt the following morning (“the retry period”). You will only be charged if all three tries are unsuccessful, and this will be charged after the final try has failed. 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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