Current account options
- Royalties Business
- Business Current Account
- Business Plus Account
- Business Offset Service
- Business Banking Direct
Accessing your account
Useful information
Business Current Account
The flexible way to manage
everyday business finances
Our Business Current account is designed to save you time and hassle - giving you everything you need to manage your day-to-day finances.
Choose to bank with us, and you can manage your account on the phone, online or at one of our many branches.
Make an appointment
Simply call to make an appointment at your local branch.
Apply by phone
Call us on 0800 068 6939 (Minicom 0800 400 005). Lines are open: Mon - Fri, 8am to 7pm (excluding bank holidays). Calls may be recorded.
Apply online
You can also apply online for our Business Current Account.
Cut your costs
- Charges - our standard business tariff compares well to the competition
- Save on your personal mortgage - if you're a sole trader or simple partnership, the money in your business savings and current account could reduce your personal mortgage payments. To do this you need to use our Business Offset Service.
Cash management
- Ease your cash flow - our committed overdraft puts funds in place, but you're only charged when you use the facility
- Manage surplus funds - free electronic transfers to your Business Instant Access Reserve account
Convenience
- Days, not weeks - if you have all your documents at hand, it usually takes a few days to open your account
- Switching made easy - disappointed with your current bank? Our specialist team make it easy to switch
- Fast pay-ins - our Business Quick Deposit means you can pay-in cash and cheques without having to queue
- Notes and coins - get them on demand, or pre-order from any branch
- Cheque book - for a small fee you can also personalise cheque books with your company logo
- Night safe - most branches allow you to pay-in outside banking hours
Charges and fees
(PDF, 118KB)It is not our general policy to pay legal and valuation fee/charges on transfer of security.
| Additional Services | Charge |
|---|---|
| Certificate of balance/interest | No charge |
| Statements - Standard - Duplicate/historic | No charge £5 per request |
| Audit letters - extracting and supplying information to your external auditors | £25 + VAT per hour (min £25) |
| Status enquiries - if you request an opinion on one of our customers | £10 + VAT |
| Returns inward - cheques paid into your account returned unpaid by drawer's bank | £4 each |
| Night safe wallet usage fee | £2 per occasion lodged |
| Open credit facility - arranging for you to cash cheques at another bank/branch | £5 to set up |
| Recall of automated credit - where an automated payment has been wrongly initiated due to an oversight on your part | £5 |
| Stopping a cheque - lost or stolen cheques are not subject to this charge | £10 |
| Same day value payments (CHAPS) | £20 per payment |
| Special presentations - a cheque can be specially presented by post to determine quickly (generally the following business day) whether or not the payment will be made | £15 |
| Standard cheque books | No charge |
| Sterling draft | £10 |
| Bankers' Automated Clearing Services (BACS) files referred | £40 per file |
| Charge for court orders/legal processes served on the Bank brought by a third party against a customer | £25 minimum |
| RBS Autopay – makes it easy for you to make regular payments, such as weekly wages | The charge to set up an initial ‘Autopay beneficiary library’, the list of people and accounts you want to make payments to is a minimum of £16.25 and a maximum of £81.25. We then charge you £3.25 for each addition or amendment to that list. If the instructions you give us are not valid, late, unscheduled or over your agreed limit, we will charge you £9 for each reason, on each occasion, up to a total of £18 for each instruction. |
These charges will normally be debited to your account when the service is provided. Any charges incurred by another bank on your behalf and claimed from us by that bank will be charged to you at the reciprocal agency rate agreed between the two banks. For details of charges for international services or other services not included here, please contact your local branch or Business Relationship Manager.
Unarranged borrowing
Unarranged borrowing will be charged at 29.5% per annum. You may also incur charges for any administration or monitoring costs associated with unarranged borrowing.
Unpaid Item Fee
An Unpaid Item Fee of £35 (subject to a maximum of £140 per day) will be payable if:
- you informally request an overdraft by issuing instructions for a withdrawal or other payment; and
- the payment cannot be met from the funds in your account or any unused arranged overdraft; and
- we decide in our discretion not to make the payment.
The fee is charged on the day we decide not to make the payment.
Paid Referral Fee
A Paid Referral Fee of £30 will be payable if:
- you informally request an overdraft by issuing instructions for a withdrawal or other payment; and
- the payment cannot be met from the funds in your account or any unused arranged overdraft; and
- we decide in our discretion to make the payment so that an unarranged overdraft is created or increased.
We only charge one Paid Referral Fee per day, even if more than one item is paid from your account on that day. The total fee for a calendar month, capped at £120 per month, will be debited to your account on the sixth business day of the month after the month in which the transactions took place. The Paid Referral Fee is payable in addition to interest.
