24 October 2019

TSB extends free banking for business customers to 25 months

Free day-to-day banking increased from 18 months to 25 months to further support growing businesses

TSB is introducing one of the longest free business banking offers currently available in the market by extending its free day-to-day Business Plus Bank Account offer from 18 months to 25 months.   

At a time when many banks are pulling back on their support for SMEs, TSB is investing in ways to help businesses right across Britain to continue to expand.

The key product features of the account are:

  • 25 months free day-to-day banking offer (See Editors’ notes).
  • A simple and transparent tariff - after 25 months, if the business maintains an ongoing average balance of £10,000, there is no monthly fee.
  • Businesses are eligible for a free Square card reader plus no fees on your first £1,000 of sales so you can make a sale anytime, anywhere.
  • Businesses are eligible for specialist support from both Enterprise Nation and Funding Options to help boost their digital capability through advice and support to help grow their business.
  • Access to one of the best instant savings accounts in the market currently paying 1% Gross/AER.

This new benefit forms part of TSB’s commitment to small business banking, with a multi-million-pound investment programme under way to build new banking services for small businesses. Underpinned by a branch network right across Britain, TSB has the potential to help local economies everywhere to thrive and prosper.

Catherine Douglas, TSB’s Director for Business Banking, says:

“Small businesses are the driving force behind the ongoing economic success of the country.  We are delighted to be able to extend our free banking offer to 25 months as it will help more businesses to run and grow.”

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TSB Media Relations

T: 020 7003 9421 | media@tsb.co.uk

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The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions. ‚Äč

Notes to editors

TSB is a full-service challenger bank, with over 200 years of heritage, a trusted brand and a mission to make banking better for all UK consumers. 

TSB serves over five million customers with a comprehensive range of products across many channels including branches right across Britain.  

For further information about TSB Bank plc, please visit our website www.tsb.co.uk.