Business Banking Tariff
See Business Interest Rates or Business Credit Card Interest Rates
You can also download your account tariff:
| Business Tariff | |
|---|---|
| Open to | Available to Business Customers (including companies, partnerships, limited liability partnerships, sole traders, clubs & societies, charities and Schools) |
| Introductory offer | 25 months’ free banking** – for start-ups opening their first account within 12 months of beginning trading or 25 months’ free banking** – for established small businesses switching to Clydesdale Bank from another provider See Freebanking for more information |
| Service / Description / Price | |
| Business Tariff | £6.50 per month |
| Automated Entries | |
| Direct Debits, Standing Orders and other automated debits | 30p |
| Credits | 30p |
| Credit via the ATM Deposit Cash and Cheque Option | No charge (Charges for Cash Paid In and Cheques Remitted are still applicable at the rates shown below) |
| Manual Entries | |
| Cheques and other manual debits | 70p |
| Credits | 70p |
| Cheques | |
| Cheques Remitted | 30p per cheque |
| Cash | |
| Cash Paid In | 65p (per £100) |
| Cash Paid Out | 65p (per £100) |
| Cash Exchanged | £1.30 (per £100)* *Only applies to amounts greater than £100 |
| Borrowing Charges | |||
|---|---|---|---|
| Debit Interest Rate | |||
| Per Annum (%) |
EAR† (%) |
Fees | |
| Planned Borrowing |
Negotiable
|
||
| Unplanned Borrowing^ | 29.25 | 33.51 | |
| Unplanned Borrowing^ Professional Firms Clients Account |
29.25 | 32.62 | |
| Daily Unplanned Borrowing Fee‡ |
£25.00 | ||
| Arrangement Fees for Loans and Overdrafts (you will be advised when this charge shall be applied at the time) |
Negotiable
|
||
^ In the event that you exceed your borrowing arrangements without prior agreement, a higher rate of interest will be charged on the excess borrowing.
** 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.
‡ 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 currently £25.00.
| Other Day to Day Charges | |
|---|---|
| Returned Item Fee: Standing Orders, Direct Debits and Cheques which you authorise but which we return unpaid | £16 per item |
| We will not charge the Returned Item Fee if the value of the unpaid item is £16.00 or less. This is the Returned Item Fee Buffer Amount. | |
Debit card transactions
| Transaction Type | Retailer/ ATM location | Currency | Fees | |
|---|---|---|---|---|
| Debit Card Cash withdrawal | Within the EEA (including UK) | Currency is Pound Sterling, Euro, Swedish Krona or Romanian Leu | Fee not charged | Where a foreign purchase transaction is refunded by a retailer, the purchase transaction amount will be credited back to the account based on the exchange rate on the day of refund. Any fee charged for the original transaction will not be refunded. For any Foreign Transaction reversals, any fee charged will be reversed. |
| All remaining currencies | 3.75% of transaction value, min £1.50 | |||
| Outside the EEA | All currencies (including Pound Sterling) | 3.75% of transaction value, min £1.50 | ||
| Debit Card Payments | Within the EEA (including UK) | Currency is Pound Sterling, Euro, Swedish Krona or Romanian Leu | Fee not charged | |
| All remaining currencies | 2.75% of transaction value, min £1.50 | |||
| Outside the EEA | All currencies (including Pound Sterling) | 2.75% of transaction value, min £1.50 | ||
Debit card payments in a foreign currency are limited to £10,000 per day for retail/private debit Mastercard contactless cards and £5,000 per day for all others.
| Charges for our Most Common Additional Services | |
|---|---|
| Inward Foreign Payments | |
| Bankers Drafts (up to & including £100,000) | £30.00 per draft |
| Stopped Cheque | £10 (per cheque) |
| Night Safe Issue | Nil |
| Night Safe Rental | £60 per annum £6 per month |
| CHAPS Payment (same day payment) (Cancellation, fate enquiries and amendments may attract an additional charge of £18.00. Fate enquiries or Investigations initiated after 6 months may be charged at £50; and after 12 months may be charged at £100. Additional agent charges may also be applied. Back valuation of payments, where requested, may incur additional charges which will be advised to you at the time of your request) |
£25 |
| Copies of confirmations/advices | £5 per item |
| Audit Letters | £27.50 (per hour) (minimum £27.50) + VAT |
| Statements Additional statement Duplicate statement |
£2.00 per copy £5.00 per copy |
| Status Enquiry | £10 + VAT |
Receiving Money From Outside The UK
| Transaction Type | Location | Currency | Fee |
|---|---|---|---|
| SEPA | No Charge | ||
| SWIFT | * Within the EEA | All Currencies including Sterling up to £100 (or equivalent) | No Charge |
| Currency is Euro, Swedish Krona or Romanian Leu over £100 (or equivalent) | No Charge | ||
| All remaining currencies including sterling over £100 (or equivalent) | £7.00 | ||
| SWIFT | Outside the EEA | All currencies under £100 (or equivalent) | No Charge |
| All currencies under £100 (or equivalent) | £7.00 | ||
| Copies of confirmations/ advices | £5.00 per item | ||
* List of countries within the EEA
Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czehc Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy,Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK
| Other Services | |
|---|---|
| BACSTEL-IP Public Key Infrastructure (PKI) |
|
| New Issue PKI Smartcard | £70 (per 3 year life cycle) |
| Replacement PKI Smartcard | £70 (per 3 year life cycle) |
| Additional PKI Smartcard | £70 (per 3 year life cycle) |
| Signing Solution Software | Nil |
| International Services | |
| Your Branch or your Relationship Manager can provide you with details of the wide range of services which we offer | Please ask your Relationship Manager or a member of staff for further details and a copy of the International Tariff |
For further details on any of our charges please contact your local branch or Business Manager.
† EAR (Effective Annual Rate) - The Effective Annual Rate is used to express the cost of borrowing on current accounts. The EAR takes account of the interest rate charged, the frequency it is levied to accounts and compounding of interest, it does not include overdraft fees.
You can find impartial information and guidance on money matters on the “Money advice service” website.
Clydesdale Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more.