Business Account Charges by RBS Bank

Thcharges for the day to day running of your account are detailed These charges together form your ‘service charge’. The charging periods for transactions forming part of your service charge generally end when your statement is produced. The charges are then applied 14 days later.

Business Current Account –Standard Tariff

You will pay a fixed amount for each transaction that you carry out on your Business Current Account. For details of charges on your Business Current Account see ‘Standard Tariff’

Business Plus Account

If you bank online or over the telephone you may prefer the Business Plus Account which includes free automated transactions. For details of charges on your Business Plus Account see ‘Business Plus Tariff’ on

Business Plus is only available to business customers with an annual turnover of less than £250,000 and less than £25,000 total borrowing.

Foundation Account –Standard Tariff

If you’re starting your first business and have no trading history, or if you have a poor credit history, our Foundation Account could be just what your business needs. It provides straightforward, transaction-based business banking, giving you and your business time to establish a credit and trading record. For details of charges on the Foundation Account see ‘Standard Tariff’

Royalties Business Account

You will pay a fixed monthly fee from only £25 covering you for every day transactions. In addition, there are plenty of extra benefits to help your business, for example, you can take advantage of discounted RBS Small Business Loan rates and annual card fees. For details of charges on the Royalties Business Account see ‘Royalties Business Account’

Treasurers Account Tariff

A simple way to manage your organisation’s finances. There are no transaction charges on frequently used services.

Start-ups

If you are starting a new business, we give you two years’ free banking.

Free banking means that the charges for the day to day running of your account (known in this leaflet as your “service charge”) will not apply during the free banking period. At the end of the free banking period, you will automatically move to the Standard Tariff detailed on pages 5 and 6. Charges for “Additional Services” and “Unarranged Borrowing” detailed in this leaflet are not part of the free banking offer. Free banking applies to businesses that started trading within the past twelve months with projected or existing annual turnover not exceeding £1 million.