Business Plus Current Account

Convenient, straightforward business banking

Ideal for customers who prefer to bank online and by phone.



Our Business Plus current account is an interest paying current account designed for businesses that make fewer banking transactions

If you do most of your business banking online and on the telephone, Business Plus could be just what you need.


What does it cost?
The monthly account management fee is £5. Additional charges apply when you withdraw cash or pay in cash or cheques at a branch.


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.

  • Convenient - manage your day to day transactions over the phone or online
  • Branch access - use our branches to pay in cash and cheques and withdraw cash
  • Support - access to your Relationship Manager
  • Credit interest - earn interest when your account is in credit
  • Free automated transactions - most automated transactions are free of charge
  • Loans, savings and more - apply for an overdraft, a loan or one of our business savings accounts

Business Plus Tariff
The business plus tariff is cost-effective for businesses that prefer to bank online or over the phone. It includes a £5 monthly maintenance fee to cover the cost of providing you with the basic account services such as cheque books and paying-in books.



Banking methodBusiness plus tariff
BACS Direct DebitsFree
Standing ordersFree
Other automated paymentsFree
Cheques and other debits84p per payment
Cash out at branches95p per £100 withdrawn
Telephone faster paymentFree
Telephone Non-Faster PaymentFree
Internet Faster PaymentFree
Branch Faster Payment£3
Other branch payment84p
Automated creditsFree
Manual Credits84p per receipt
Cash paid in at branches95p per £100 paid in
Cash in - Business Quick Deposit service84p per £100
Cheques paid in at branches32p per item
Cash exchanged at branches£1.85 per £100
Account maintenance charge/fee£5 per month

Charges for the services you’ve used are applied monthly and you'll be given at least 14 days' notice of the amounts to be charged, including details of our calculations.

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 periodsDate debited from your account
3 October – 30 October 200930 November 2009
31 October – 4 December 2009 31 December 2009
5 December – 31 December 2009 29 January 2010
01 January – 29 January 201026 February 2010
30 January – 26 February 2010 31 March 2010
27 February – 01 April 201030 April 2010
02 April - 30 April 201028 May 2010
01 May - 28 May 201030 June 2010
29 May – 02 July 2010 30 July 2010
03 July – 30 July 2010 31 August 2010
31 July – 03 September 2010 30 September 2010
04 September - 01 October 2010 29 October 2010
02 October – 29 October 2010 30 November 2010
30 October - 03 December 2010 31 December 2010
04 December - 31 December 2010 31 January 2011

Charges for other services are available on request.

It's not our general policy to pay legal and valuation charges. Details of our competitors' pricing can be found on the British Bankers' Association web site.

Charges for additional services


ServiceCharge
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 overdraftno charge
Stopping payment instructions (eg. cheque) 1£10 per instruction
Obtaining a special cheque clearance£15 per cheque
Credit opened£12 to set up
Duplicate records (eg. copy of statement)£5 per request
Certificates of balanceno 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

Business Plus Rates

Rates effective from 19th March 2009



Gross rate %AER %Net rate %
£0 - £1,9990.050.050.04
£2,000 - £9,9990.050.050.04
£10,000 - £24,9990.050.050.04
£25,000 - £99,9990.050.050.04
£100,000 - £249,9990.050.050.04
£250,000+0.050.050.04

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.

We only charge one Paid Referral Fee per day, even if more than one item is paid from your account on that day. The Paid Referral Fee is payable in addition to interest.

All Unpaid Item and Paid Referral Fees will be accrued and charged in line with your monthly charging period.

1Unless the cheque is lost or stolen.


Apply now

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Call us

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