bank account details

Bank:

Bank of Scotland Business Banking

Account:

Business Current Account

No transaction charges for 12 months for both start-ups and switchers. Reverts to standard tariff after free period. Customers also receive no transaction charges (except for special charges) and no overdraft arrangement fees (if switching) for the first 12 months. Offer applies to individuals setting up the first business bank account for a business within the first 12 months of trading. Guarantees to beat the existing overall package of any business turning over a minimum of £50k pa that bank with Barclays HSBC LloydsTSB or NatWest (on a published tariff). If savings cannot be proved over a 12 month period switchers will be compensated with £500 (excludes Scotland). Turnover under £1m .

Standing Charge:

Free

Cheque Withdrawal:

53p

Cheque Credit:

25p

Cheque Withdrawal:

53p

Cash Withdrawal via ATM:

Free

Cash Withdrawal via branch:

0.59%

Direct Debits:

34p

Standing Orders:

45p

Cash Exchange:

1.25%

Auto Credits:

30p

Deposits:

55p

Auto Credits:

30p

CHAPS:

£20 (£25 manual and £12 online)

Cost per month:

22.5% ABR per annum

Equivalent Annual Rate:

Free

Fee:

£30 maximum 1 per day

Charge for letter:

£30

Internet Banking:

Yes

Telephone Banking:

Yes (24 hours a day 365 days a year)

UK-based Call Centre:

Yes

Relationship Manager:

Yes but from a range of managers.

Post Office Facility:

No

Branch Access:

Yes via Halifax or HBOS branches.

Merchant Acquiring:

Yes

Notice Period:

Instant access

£1 - £499:

0.00%

£500 - £999:

0.00%

£1,000 - £2,499:

0.00%

£2,500 - £4,999:

0.00%

£5,000 - £9,999:

0.00%

£10,000 - £24,999:

0.00%

£25,000 - £49,999:

0.00%

£50,000 - £99,999:

0.00%

£100,000 - £249,999:

0.00%

£250,000 - £499,999:

0.00%

£500,000 - £999,999:

0.00%

£1,000,000 upwards:

0.00%