Working out which business bank account tariff's best for you
You can compare our business banking tariffs side by side using the table below. Your relationship manager will help you weigh up the options.
Compare tariffs based on your typical monthly account activity.
Business Account Tariff comparison table
| Transaction type |
Business Plus Account |
Fixed Fee Account |
Business Extra Account |
Electronic Business Tariff |
| Fees |
| Monthly fee |
£5 - (waived if average balance in the month is £10,000 or more) |
£5 to £40 |
£5 |
£5 |
| Minimum balance |
None |
None |
None |
£1 each month |
Correct as at 17/07/2018.
Electronic business tariff – Minimum balance
You need to keep a minimum balance of £1 in your account each month. If you go overdrawn at any time then you'll pay our standard "Business Extra" tariff on all transactions you make during that charging cycle. We calculate charges from the 10th of one month to the 9th of the next. And the first regular statement you receive following each charging period will show you any transaction charges. Your account will be charged 23 days after the date of the statement.
| Transaction type |
Business Plus Account |
Fixed Fee Account |
Business Extra Account |
Electronic Business Tariff |
| Account payments |
| Cheque |
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) |
65p |
65p |
| Direct Debit |
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) |
40p |
Free |
| Standing order |
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) |
40p |
Free |
| Telephone Banking |
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) |
15p |
Free |
| Debit card transaction (excluding ATM) |
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) |
40p |
Free |
| Internet Banking |
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) |
15p |
Free |
| Other UK cash machine withdrawals |
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) |
45p* |
Free |
| Other debit |
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) |
65p |
65p |
| Cash withdrawals from a TSB Cash Machine |
Free
|
Free |
Free |
Free |
| Transfer (transfer to another TSB Business Account in your name with the sort code starting 30, 77 or 87) |
Free
|
Free |
Free |
Free |
Correct as at 17/07/2018.
* The owner of the machine may also charge you for the transaction. All LINK machines will give you an on-screen warning of charges, in advance, allowing you to continue or cancel the transaction.
| Transaction type |
Business Plus Account |
Fixed Fee Account |
Business Extra Account |
Electronic Business Tariff |
| Account receipts |
| Automated credit (includes telephone and Internet banking) |
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) |
20p |
Free |
| Automated credit - Faster Payments inbound |
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) |
20p |
Free |
| Credit paid in at TSB |
Cheques in are charged at 70p and cash is charged at 0.70% (so £100 cash is 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) |
70p |
65p |
| Credit paid in at another bank |
Cheques in are charged at 70p and cash is charged at 0.70% (so £100 cash is 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) |
70p |
65p |
| Credit paid via nightsafe |
Free
|
Free |
Free |
Free |
| Other credit |
Cheques in are charged at 70p and cash is charged at 0.70% (so £100 cash is 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) |
70p |
65p |
| Transfer (transfer to another TSB Business Account in your name with the sort code starting with 30, 77 or 87) |
Free
|
Free |
Free |
Free |
Correct as at 17/07/2018.
| Transaction type |
Business Plus Account |
Fixed Fee Account |
Business Extra Account |
Electronic Business Tariff |
| Other services |
| Cash paid in |
70p per £100
|
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) |
57p per £100 |
89p per £100 |
| Cash paid out at TSB counter |
70p per £100
|
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) |
62p per £100 |
89p per £100 |
| Cash exchanged |
70p per £100
|
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) |
£1.65 per £100 |
£1.65 per £100 |
| Cheque paid in |
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) |
28p |
Correct as at 17/07/2018.
| Unauthorised borrowing daily fee |
Charge |
| The first time you overdraw your account or exceed your agreed limit with us by £50 of more, an Unauthorised Borrowing Daily Fee is chargeable. After that, the charge will continue daily until the account is within its existing limit or in credit. |
£10 per day for an unauthorised balance of £50 up to and including £200, or £20 per day for an unauthorised balance above £200.
We will not charge you a daily fee for more than 10 days in any one billing period and we will not charge a daily fee for unauthorised positions up to £50. |
| Unpaid item |
Charge |
| We charge each time we have to return a cheque unpaid or there is insuffcient money in your account to pay a standing order* or UK Sterling Direct Debit. |
£7.50 for each item not paid. We will not charge you for unpaid items up to the value of £7.50 and we won’t charge you this fee more than 3 times per day. |
Unauthorised borrowing fee
The first time you overdraw your account or exceed your agreed limit with us by £50 or more, an Unauthorised Borrowing Fee (UBF) is chargeable. After that, the UBF is chargeable every time you increase your unauthorised borrowing by £50 or more from the previous day's closing balance unless a higher limit is agreed with us or until the account is within its existing limit or in credit.
Unpaid item
We charge each time we have to return a cheque unpaid or there is insufficient money in your account to pay a standing order* or Direct Debit.
* For standing orders, where, on the date that such a payment is due to be made there is not enough money in your account to make that payment, we will attempt to complete the payment again in the afternoon of the same day and also make an additional retry attempt the following morning (“the retry period”). You will only be charged if all three tries are unsuccessful, and this will be charged after the final try has failed. We’ll contact you every time we return an item unpaid. Any unauthorised borrowing or return item charges will be accrued into one lump sum and charged on a monthly basis.