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Existing customers

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.

Switch to a Business Plus account now (opens in a new tab)

Other Accounts (not available to open)

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.

Compare tariffs

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®.

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®.

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®.

Unarranged Overdrafts charges and Unpaid item fees

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

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

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.

How to switch tariffs

Start your tariff switch

Choose which of our business current account tariffs suits you best and complete the short online form.(opens in a new tab)

We use Adobe Sign for this kind of request. Adobe will pass the information you provide to us in a secure manner and won’t process it in any other way. Information on how we use your data can be found in our Data Privacy Notice.

Call

Call us Monday to Friday 8am to 6pm, Saturday 9am to 2pm (excluding bank holidays) on 0345 835 3865.

Existing customers

Business Plus

Other Accounts (not available to open)

Fixed Fee tariff

Electronic Business tariff

Business Extra tariff

Compare tariffs

See tariff charges

Unarranged Overdrafts charges and Unpaid item fees

See Unarranged Overdraft charges and Unpaid item fees

How to switch tariffs

Start your tariff switch

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