Business Banking Tariff

Business Banking Tariff

 

See International Tariff

See Business Interest Rates or Business Credit Card Interest Rates

Business Tariff
Open to	Sole Traders, Partnerships and Limited Companies
Introductory offer	New start-up businesses with turnover up to £1m receive 12 months free banking
Service / Description / Price
Standing Charge	Nil
Automated Entries
Direct Debits, Standing Orders and other automated debits	30p
Credits	30p
Manual Entries
Cheques and other manual debits	53p
Credits	53p
Cheques
Cheques Remitted	25p
Cash
Cash Paid In	65p (per £100)
Cash Paid Out	65p (per £100)
Cash Exchanged	£1.30 (if over £100)* *Only applies to amounts greater then £100

Borrowing Charges
	Debit Interest Rate		Fees
	Per Annum (%)	EAR† (%)
Planned Borrowing	Negotiable
Unplanned Borrowing^	29.25	33.51
Unplanned Borrowing^ Professional Firms Clients Account	29.25	32.62
Daily Unplanned Borrowing Fee‡			£25.00
Cheque Card Overdraft Fee			£35.00 per item
Arrangement Fees for Loans and Overdrafts (you will be advised when this charge shall be applied at the time)	Negotiable

^ In the event that you exceed your borrowing arrangements without prior agreement, a higher rate of interest will be charged on the excess borrowing.

‡ As explained in the Terms and Conditions applicable to your Account, Unplanned Borrowing that totals less than the Buffer Amount will not attract the Daily Unplanned Borrowing Fee. The Buffer Amount is currently £25.00.

Other Day to Day Charges
Returned Item Fee: Standing Orders, Direct Debits and Cheques which you authorise but which we return unpaid	£34.50 per item
Notification Fee	£0.50 per item
The above fees will be debited as one amount and be shown on your account as an ‘Unpaid Charge’ of £35

Charges for our Most Common Additional Services
Bankers Draft	£13 (per draft)
Stopped Cheque	£10 (per cheque)
Special Presentation of a Cheque	£15
Night Safe Usage	Nil
Night Safe Rental	£60 per annum £6 per month
CHAPS Payment (same day payment) (Cancellation, fate enquiries and amendments will attract an additional charge of £18).	£24
Inward Foreign Payment
Paid to customer’s account with this Bank Up to £100 (or equivalent)	no charge
Over £100 (or equivalent)	£7.00
Copies of confirmations/advices	£5.00 per item
Audit Letters	£27.50 (per hour) (minimum £27.50) + VAT
Statements Additional/Duplicate statement Daily statements Weekly statements Fortnightly statements	£2.00 per copy £0.50 per day £0.50 per week £0.50 per fortnight
Status Enquiry	£10 + VAT

Other Services
Telebank® Business
If you need more information than you get on your statement, or you need to make a large number of regular payments at the same time you should consider TeleBank® Business. The system is modular, so you need only pay for what you will use and you can always upgrade later. Your relationship manager can arrange a demonstration at your premises if you would like to know more.
Enrolment Fee	£150 + VAT
Installation & Training	£100 + VAT
Modules
Module 1 - Balance and transaction reporting	£40 per month
Module 2 - CHAPS and SWIFT	£20.00 per month
(Individual transaction charges are negotiated with your Relationship Manager when the facility is set up)
Module 3 - BACS	£20 per month, 10p per item transaction charge
Over Limit referrals	£40 each occasion
Invoice Finance
Administration Charge	Negotiable - assessed on an individual basis
Discounting Fee	As per 'Authorised Borrowing'
Overpayment vs. Funds In Use Limit - to be cleared within 14 days	0.5% of temporary uplift - Minimum fee: £25 + VAT - Maximum fee £250 + VAT
Overpayment against availability - to be cleared within 14 days	1% of initial overpayment value - Minimum fee £25 + VAT - Maximum fee £500 + VAT
Additional Audits	£500 + VAT per visit
Recalculation of Reserves	£25 + VAT per request
Funds in Use Increases	1% of uplift
Late Submission of control and/or other Invoice Finance - specific management information required	£50 + VAT if late any more than twice during any 6 month period
Clydepay®
Allows you to make regular payments to employees or suppliers, or collect payments by Direct Debit.
Registration Fee
Up to 20 beneficiaries	£30
21 to 40	£50
More than 40	£150
Charge per transaction	25p (minimum £5)
Charge per submission	Nil
Additional beneficiaries	£2 (minimum £10)
Over Limit referral Error in submission	£40 each occasion Non-conformance charge of £10 per occurrence in any of the following circumstances: - non-scheduled submissions - incomplete details - fax not received on time - discrepancies in additions/totals - invalid password used - BACS processing date invalid
BACS
Payment Charge	Negotiable (minimum charge of £5 per submission)
Charge for exceeding credit limit (including Telebank Business)	£40
Minimum Charge	Nil
BACSTEL-IP Public Key Infrastructure (PKI)
New Issue PKI Smartcard	£70 (per 3 year life cycle)
Replacement PKI Smartcard	£70 (per 3 year life cycle)
Additional PKI Smartcard	£70 (per 3 year life cycle)
Signing Solution Software	Nil
International Services
Your Branch or your Relationship Manager can provide you with details of the wide range of services which we offer	Please ask your Relationship Manager or a member of staff for further details and a copy of the International Tariff