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 method | Business plus tariff |
|---|---|
| BACS Direct Debits | Free |
| Standing orders | Free |
| Other automated payments | Free |
| Cheques and other debits | 84p per payment |
| Cash out at branches | 95p per £100 withdrawn |
| Telephone faster payment | Free |
| Telephone Non-Faster Payment | Free |
| Internet Faster Payment | Free |
| Branch Faster Payment | £3 |
| Other branch payment | 84p |
| Automated credits | Free |
| Manual Credits | 84p per receipt |
| Cash paid in at branches | 95p per £100 paid in |
| Cash in - Business Quick Deposit service | 84p per £100 |
| Cheques paid in at branches | 32p 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 periods | Date debited from your account |
|---|---|
| 3 October – 30 October 2009 | 30 November 2009 |
| 31 October – 4 December 2009 | 31 December 2009 |
| 5 December – 31 December 2009 | 29 January 2010 |
| 01 January – 29 January 2010 | 26 February 2010 |
| 30 January – 26 February 2010 | 31 March 2010 |
| 27 February – 01 April 2010 | 30 April 2010 |
| 02 April - 30 April 2010 | 28 May 2010 |
| 01 May - 28 May 2010 | 30 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
| 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 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 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 |
Business Plus Rates
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.
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
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