Business Banking Fees and Charges

Once your free business banking has come to an end you'll get various fees and charges for every transaction made from your business current (checking) account. Here are the most common and typical amounts.

Banks will change their fees from time to time and not just when interest rates are changed by the Bank of England but at least once per year. They should send you a booklet when things change on your bank account. Most charges are similar but we have compared charges for the main standard fees below:

Standard Fees and Rates

The most commons types of payment and receipts all incur a charge with banks if you are on their standard tariffs. Some paid services such as a Business Plus account incur lower or no fees but will incur a monthly "membership" fee.

• Payments out - manual (40p)
• Standing orders (40p)
• Direct Debits (40p)
• Other automated debits (40p)
• Automated receipts (70p)
• Cash received in branch (60p per £100 deposited)
• Cheques paid in branch (30p)
• Telephone and internet payments (40p)

Other likely Fees

Apart from the standard items shown above there are of course other transactions that a bank will charge for - here are some of them:

• Night safe deposits (£2)
• Stopped cheque (£10)
• Special cheque clearance (£15)
• Duplicate statements (£5)
• Certificates of balances (£8)
• CHAPS (£20)
• Bankers drafts (£12)
• Unauthorised borrowing (£15)
• Unpaid items (£35 each)

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