With you for the long haul
You’re nearing the end of your fee-free period and your account will soon move to a monthly fee of £8.50. Even after this change, your Business Account continues to offer the tools, support and security you rely on. It’s designed to grow with you as your business evolves.
The business account that goes further for you
Digital tools and support you can rely on
- Manage your business banking easily through our mobile app.
- Get help from real people when it matters most.
Confidence your finances are protected around the clock
- Eligible deposits are covered by FSCS protection up to £120,000, offering extra security when you need it.
- Proactive fraud controls continually monitor your account activity to help keep your money secure.
Stay on top of your payments at a time that suits you
- Enjoy 100 free out‑payments every month and unlimited incoming payments.
- Send money within the UK or internationally at times that suit your schedule, helping you stay on top of your outgoings.
- Manage payroll, bills and HMRC payments in one place, with clear tools to help you track each step.
- Standing orders, Direct Debits and Faster Payments give you the flexibility to manage payments in the way your business needs.
Ongoing help and support right from the start
What are the exact changes?
From 10 July, some fees for Business Accounts are changing.
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A table showing which Business Account costs are increasing, and what they were previously Payment type
Current fee
New fee from 10 July 2026
Payment type
Monthly account fee
Current fee
£8.50 a month for each account
New fee from 10 July 2026
£10 a month for each account
Payment type
Cash paid in
Branch counter, cash machine, depositpoint™, Nightsafe or other third-party deposit method like the Post OfficeCurrent fee
£1.50 every £100
New fee from 10 July 2026
£1.60 every £100
Payment type
Cash paid out
Cash withdrawn at a branch counter or third-party, like the Post OfficeCurrent fee
£1.50 every £100
New fee from 10 July 2026
£1.60 every £100
Payment type
Cheque paid in
Branch counter, cash machine, depositpoint™, Nightsafe and Postal ChequeCurrent fee
£1.00
New fee from 10 July 2026
£1.20
Payment type
Cheque paid out
Current fee
£1.00
New fee from 10 July 2026
£1.20
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A table showing which Business Account costs are increasing, and what they were previously Payment type
Current fee
From 10 July 2026
Payment type
Electronic Payments (out)
Direct debits, faster payment debits, standing orders, internet bulk payments and online/Phonebank payments. Applies to payments made through Online for Business only.Current fee
Free for the first 100 payments, then £0.20
From 10 July 2026
No fee
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A table showing which Business Account costs are increasing, and what they were previously Payment type
Payment type
Cash paid in
Immediate Deposit Machine or Automated Deposit Machine£0.85 every £100
Payment type
Cheque paid in
Immediate Deposit Machine or Business Mobile Banking app£0.85
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Use our online charges calculator to crunch the numbers.
Frequently asked questions
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You can forecast the cost of updated charges by using the tariff calculator, which helps you estimate costs based on how you use your account. You can also review the charging brochure for full details of fees and charges. View the terms and conditions.
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We understand that cash and cheque banking may be important for how you run your business. While some of the costs for these services are increasing, others will stay the same. Immediate and Automated Deposit Machines, as well as the Business Mobile Banking App, will still be available at the same price. Day to day electronic payments are now also included at no additional cost - so you have access to other payment options for your business.
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We regularly review our fees and charges to make sure we’re providing value to you. While some fees are increasing, we're removing charges for day-to-day electronic payments through Business Internet Banking to help make things simpler and easier to manage.
Charges for some cash and cheque services are increasing due to the rising cost of processing these types of payments. Charges for paying in cash or cheques using Immediate and Automated Deposit Machines, or the Business Mobile Banking app, will stay the same.
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Day-to-day electronic payments made through Business Internet Banking are now included within your account at no extra cost. This includes direct debits, standing orders, faster payments, internet bulk payments and internet or phonebank payments.
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Changes to cash, cheque and electronic payment charges will take effect from 10 July 2026. If your account is currently within the introductory offer period, you won't pay the monthly account fee until your introductory period ends - we’ll remind you before this happens. If your introductory period finishes on or after July billing month, the new monthly account fee will begin from that point.
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We hope you stay with us, but if the changes don't feel right for you, you can ask us to close your account before the changes take effect. You won’t be charged to close your account. Find out more about closing your account here.
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Independent service quality survey results
Business current accounts
Published February 2026
As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of each of the 17 largest business current account providers if they would recommend their provider to other small and medium-sized enterprises (SMEs*). The results represent the view of customers who took part in the survey.
Overall service quality
We asked customers how likely they would be to recommend their business current account provider to other SMEs.
*SMEs include businesses, clubs, charities and societies with an annual turnover/income of up to £25m (exclusive of VAT and other turnover-related taxes).
Ranking
The requirement to publish the Financial Conduct Authority Service Quality Information for Business current accounts can be found here.