[1] Offer applies to new Small Business Banking customers with a turnover of less than £2 million switching their main business current account or start ups opening first account within 12 months of beginning trading. No charges apply to cash or cheque deposits and withdrawals, Direct Debits or other automated transactions. Borrowing facilities up to £250,000 available subject to status, fees apply. Charges for “additional services” and “borrowing charges” are not part of the free banking offer and are highlighted in our business banking tariff. Cash limit (paid in, paid out or exchanged) of £250,000 per annum. At the end of the free banking period, you will move to our business banking tariff. ↩

[2] Clubs & Societies - Not for profit with 10 transactions or less per month qualify for free transactional banking. No charges apply to cash or cheque deposits and withdrawals, Direct Debits or other automated transactions.
Business Choice Charities - Registered Charities with turnover of less than £1m per annum qualify for free transactional banking. No charges apply to cash or cheque deposits and withdrawals, Direct Debits or other automated transactions.↩

[3] In the event that you exceed your borrowing arrangements without prior agreement, a higher rate of interest will be charged on the excess borrowing. As explained in the Terms and Conditions applicable to your Account, Unplanned Borrowing that totals less than the Buffer Amount will not attract the Daily Unplanned Borrowing Fee. The Buffer Amount is detailed in the Business Banking Tariff. ↩