Costs and charges
| During first 30 months | After 30 months | |
|---|---|---|
| Monthly fee | £0 per month | £5 per month |
| Business debit card transactions, including cash withdrawals | £0 | £0 |
| Cheques -Per cheque paid in or out. | £0 per cheque | 70p per cheque |
| Cash -Per £100 paid in or out, or exchanged. | £0 | 70p |
| Transfer between TSB accounts in your name | £0 | £0 |
| Electronic funds transfer ‘CHAPS’ payment | £30 | £30 |
Further fees and charges for other services can be found in yourBusiness 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 fee 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.
