Find all the information you need about your TSB business account here. Some accounts are no longer available to open, and you may be better switching to a Business Plus account.
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Business Plus
There's only one business current account that’s available to open, our Business Plus account.
Business Plus is a straightforward business bank account that’s built to handle your day-to-day needs. As well as all the features you’d expect from a business account, you can also:
- Add a Business Debit Card to your account for a quick and easy way to pay for goods and services
- Deposit cash and cheques at the Post Office or any TSB branch
- Receive account updates via text alerts
If you change an existing account to Business Plus you can keep the same account number, sort code, Direct Debits, debit cards, and other account activity.
If you’re on a Fixed Fee Tariff, you pay one monthly fee for your day-to-day banking each month, provided you remain within your plan. There were five plans available:
| Fixed fee account | Monthly Fee | Maximum Transaction per month | Maximum Cheques Paid in Limit | Maximum Cash Limit |
|---|---|---|---|---|
| A | £5 | 5 | 5 | £50 |
| B | £10 | 20 | 10 | £150 |
| C | £15 | 35 | 15 | £250 |
| D | £25 | 70 | 30 | £500 |
| E | £40 | 125 | 50 | £1000 |
This account also offers:
- Free cash withdrawals from any TSB cash machine (daily limits apply)
- Free, unlimited transfers to and from another TSB account in your business's name
- Change your plan to match your busy or quiet periods, as many times as you like
Credit interest is not paid on this account.
Our Electronic Business Tariff was available for businesses that needed electronic, automatic banking. This has now been replaced with our Business Plus account.
Charges for this account include:
- £5 monthly account maintenance fee
- Individual charges per transaction
- Lower cost charges for electronic or automated transactions (if your account is at least £1 in credit)
- Free Direct Debits
- Free BACS debits or credits
- Free debit card transactions (excluding ATM)
Credit interest is not paid on this account.
Our Business Extra tariff gives you a clear view of what you're paying for individual transactions and day-to-day banking. This account was designed to help our customers with large cash transactions.
There’s an account maintenance fee of £5 a month for this account with individual charges per transaction.
The benefits of Business Extra tariff include:
- Free cash withdrawals from any TSB cash machine (daily limits apply)
- Free transfers to and from another TSB account in your business's name (with the sort code starting 30, 77 or 87)
Credit interest is not paid on this account.
Electronic Business Account
| UK transactions in Sterling | Business Plus tariff | Electronic Business tariff |
|---|---|---|
| Monthly fee | £5 | £5 |
Electronic payments in or out including Direct Debits, standing orders and faster payments |
Free | Free |
| Internet Banking, Telephone Banking and Mobile app payments | Free | Free |
Business debit card transactions, including cash withdrawals (daily cash limits apply) Non-TSB cash machines may charge you for their services. |
Free | Free |
| Transfer between TSB accounts in your name | Free | Free |
| Cheques and postal orders paid in/cheques paid out | 70p | 89p |
| Cash per £100 paid in or out | 70p | 89p |
| Cash per £100 exchanged | 70p | £1.65 |
Charges apply to cheques paid in at both a TSB branch or a Post Office® branch. Cash withdrawals from a Post Office® branch are treated as a Business debit card transaction. Daily cash withdrawal limits apply. Find a Post Office®. |
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Business Extra Account
| UK transactions in Sterling | Business Plus tariff | Business Extra tariff |
|---|---|---|
| Monthly fee | £5 | £5 |
Electronic payments in or out including Direct Debits, standing orders and faster payments |
Free | 40p |
| Internet Banking, Telephone Banking and Mobile app payments | Free | 15p |
Business debit card transactions, including cash withdrawals (daily cash limits apply) Non-TSB cash machines may charge you for their services. |
Free | 40p per transaction, Free cash withdrawal |
| Transfer between TSB accounts in your name | Free | Free |
| Cheques and postal orders paid in/cheques paid out | 70p | 89p |
| Cash per £100 paid in or out | 70p | In 57p, Out 62p |
| Cash per £100 exchanged | 70p | £1.65 |
Charges apply to cheques paid in at both a TSB branch or a Post Office® branch. Cash withdrawals from a Post Office® branch are treated as a Business debit card transaction. Daily cash withdrawal limits apply. Find a Post Office®. |
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| Fixed Fee Account | Monthly Fee | Maximum Transaction per month | Maximum Cheques Paid in Limit | Maximum Cash Limit |
|---|---|---|---|---|
| A | £5 | 5 | 5 | £50 |
| B | £10 | 20 | 10 | £150 |
| C | £15 | 35 | 15 | £250 |
| D | £25 | 70 | 30 | £500 |
| E | £40 | 125 | 50 | £1000 |
Fixed Fee Account
| UK transactions in Sterling | Business Plus tariff | Fixed Fee A tariff | Fixed Fee B tariff | Fixed Fee C tariff | Fixed Fee D tariff | Fixed Fee E tariff |
|---|---|---|---|---|---|---|
| Monthly fee | £5 | £5 | £10 | £15 | £25 | £40 |
| Electronic payments in or out including Direct Debits, standing orders and faster payments | Free | Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) | ||||
| Internet Banking, Telephone Banking and Mobile app payments | Free | Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) | ||||
Business debit card transactions, including cash withdrawals (daily cash limits apply) Non-TSB cash machines may charge you for their services. |
Free | Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) | ||||
| Transfer between TSB accounts in your name | Free | Free | ||||
| Cheques and postal orders paid in/cheques paid out | 70p | Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) | ||||
| Cash per £100 paid in or out | 70p | Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) | ||||
| Cash per £100 exchanged | 70p | Included in Monthly Fee. Additional transactions or cheques in are charged at 65p and additional cash is charged at 0.65% (so £100 additional cash is 65p) | ||||
Charges apply to cheques paid in at both a TSB branch or a Post Office® branch. Cash withdrawals from a Post Office® branch are treated as a Business debit card transaction. Daily cash withdrawal limits apply. Find a Post Office®. |
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Unarranged Overdrafts
If you ask us to make a payment when there’s not enough money in your account (or you don’t have enough Arranged Overdraft left) we may decide to make the payment by lending you money using an unarranged overdraft. If we do this, interest and fees apply as set out in this table:
| Amount borrowed using an unarranged overdraft | Interest | Daily fee |
|---|---|---|
| Up to £50 | No interest | No fee |
| £50 up to £200 | Annual interest rate of 19.9% per annum on the full amount borrowed using an unarranged overdraft | No fee |
| Over £200 | Annual interest rate of 19.9% per annum on the full amount borrowed using an unarranged overdraft | £1 a day Maximum 10 fee in any monthly charging cycle |
Unpaid item fee
If we return a cheque unpaid, or there’s not enough money in your account (or you don’t have enough Arranged Overdraft left) to pay a standing order or a UK Sterling Direct Debit, we’ll charge you an unpaid item fee as follows:
| Value of item returned unpaid | Fee |
|---|---|
| £20 and under | No fee |
| Over £20 | £3 for each item that’s returned unpaid Maximum 3 fees a day |
Good to know
We calculate interest and fees daily based on the amount you borrow at close of business on that day. We’ll add the unarranged interest and fees, and unpaid item fees, to your account monthly in one lump sum.
Remember you’ve got until 2.30pm (or up to midnight for standing orders) on the day a payment is due to pay enough money into your account to make sure the payment is made, and avoid paying interest and fees. See section 6 of the Business Banking Current Account Terms and Conditions for more information
Further fees and charges for other services can be found in your Business Banking Charges Guide.
Start your tariff switch
Choose which of our business current account tariffs suits you best and complete the short online form.
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Call
Call us Monday to Friday 8am to 6pm, Saturday 9am to 2pm (excluding bank holidays) on 0345 835 3865.
