Advantage Business Current Account
Fixed monthly fee and a host of extras
With Advantage Business, you pay a fixed monthly fee so you always know what the cost of your business banking will be.
Designed for new and established businesses with turnover up to £250,000.
Fixed cost business banking
With Advantage Business you pay a fixed monthly fee, irrespective of the number of transactions. This account is useful if you have a variable number of monthly transactions, and want the certainty of known charges.
Dedicated support
You'll be supported by one of our Relationship Managers - dedicated to helping you make your business a success.
How much does it cost? The monthly fee is just £25 if your annual turnover is under £100,000 and £55 if it’s between £100,000 and £250,000.
Easy account opening Whether you’re starting your first business, upgrading your account or switching from another bank, we help make it easy for you. You can apply online or at your local branch.
Switching made easy For established businesses, our dedicated switching team will help you every step of the way.
With Advantage Business, you and your business could enjoy a range of additional benefits.
Tailored loan rates
Enjoy a 1% APR discount off the standard Small Business Loan rates, for borrowing up to £25,000. Security may be required.
Card fee discount
Receive £10 off your annual Business Credit card fee for both the main and any additional cardholders (Conditions may apply).
Card acceptance
If you collect payments using credit and debit cards online, we’ll give you a 25% discount on our card payment processing service when you open a Worldpay Internet merchant account.
Monthly fee
- £25- annual turnover up to £100,000
- £55- annual turnover from £100,000 to £250,000
If you have to pay account charges in any of the charging periods shown below (left hand column), we will debit them from your account on the dates in the right hand column.
| Monthly charging periods | Date taken from your account |
|---|---|
| 5 November - 2 December 2011 | 30 December 2011 |
| 3 December - 30 December 2011 | 31 January 2012 |
| 31 December – 3 February 2012 | 29 February 2012 |
| 4 February – 2 March 2012 | 30 March 2012 |
| 3 March – 30 March 2012 | 30 April 2012 |
| 31 March – 4 May 2012 | 31 May 2012 |
| 5 May – 1 June 2012 | 29 June 2012 |
| 2 June – 29 June 2012 | 31 July 2012 |
| 30 June – 3 August 2012 | 31 August 2012 |
| 4 August – 31 August 2012 | 28 September 2012 |
| 1 September – 28 September 2012 | 31 October 2012 |
| 29 September – 2 November 2012 | 30 November 2012 |
| 3 November – 30 November 2012 | 31 December 2012 |
| 1 December – 4 January 2013 | 31 January 2013 |
| Quarterly charging periods | Date taken from your account |
| 3 September – 2 December 2011 | 30 December 2011 |
| 3 December 2011 – 2 March 2012 | 30 March 2012 |
| 3 March – 1 June 2012 | 29 June 2012 |
| 2 June – 31 August 2012 | 28 September 2012 |
| 1 September – 30 November 2012 | 31 December 2012 |
Charges for additional services
| Service | Charge |
|---|---|
| Autopay monthly service fee | £2 per month |
| Autopay payments | 50p per payment |
| Autopay library insertions/amendments | £4 for each insertion/amendment (min fee of £20 and max fee of £100) |
| Autopay non standard processing fee | £10 for each reason, on each occasion, up to a total of £20 for each instruction |
| Night safe wallet usage | £2 per occasion lodged |
| Statements, returned cheques inwards and letters about your loans or overdraft | no charge |
| Stopping payment instructions (eg. cheque 1) | £10 |
| Obtaining a special cheque clearance | £15 |
| Credit opened | £12 to set up |
| Duplicate records (eg. copy of statement) | £5 |
| Certificates of balance | no charge |
| Business audit certificates | £27.50 plus VAT (free for clubs, societies and charities) |
| Banker's opinion | £7.24 plus VAT |
| CHAPS | £23 (to pay into another UK bank) £21 (to pay into another NatWest branch) |
| Banker's draft | £12 each |
Charges for other services are available on request.
Advantage Business interest rates
Effective from 19th March 2009
| Gross rate % | AER % | Net rate % | |
|---|---|---|---|
| £0 - £1,999 | 0.05 | 0.05 | 0.04 |
| £2,000 - £9,999 | 0.05 | 0.05 | 0.04 |
| £10,000 - £24,999 | 0.05 | 0.05 | 0.04 |
| £25,000 - £99,999 | 0.05 | 0.05 | 0.04 |
| £100,000 - £249,999 | 0.05 | 0.05 | 0.04 |
| £250,000+ | 0.05 | 0.05 | 0.04 |
Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compounded each year.
Net is the interest rate paid after the deduction of tax.
Unarranged borrowing
Customer's returned items
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.
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.
1Unless the cheque is lost or stolen
Apply now
Call us on
0800 096 8334
Minicom
0800 404 6161
Lines are open: Mon to Fri
8am-7pm (excl. public holidays).
Calls may be recorded

