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Aug 17 2017

Startup Business Bank Account #open #up #a #business #bank #account #online

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Startup Business Bank Account | NatWest

Most banks charge a service charge for the day to day running of a business account. With our startup offer, there are no charges for the day to day running of your business current account, so that means you wont be charged a ‘service charge’.

The free banking starts from the date your account is opened for 18 months.

What isn’t included?

Charges for “Unarranged Borrowing”, “Additional Services” “Bankline Charges” are not part of the free banking offer.

What happens when the 18 months free banking is up?

At the end of your free banking period, you will automatically go on to the Standard Published Tariff. If your business needs change in the 18 months, you can always talk to us, about some of the alternative charging options we have too.

Applications for our fee free business credit card or £500 overdraft offer, are subject to approval and NatWest reserves the right to change or withdraw the startup offer without prior notice.

If you apply for any other credit facilities, security may be required and product fees may apply.

Please now choose your type of business
(So we can tell you the type of information we may need and direct you to the right application)

To give you the option of some extra help with your cash-flow, our startup package gives you the chance to apply for an overdraft when you’re opening your business current account (if you’re eligible).

If you applied for a £500 limit and were succesful, there wouldn’t be an arrangement fee for the first 12 months. Typically this would be £50.

For the £500 overdraft startup offer – we do charge interest on monies borrowed at a fixed rate of 6.5% for the

initial agreement period (subject to status).

  • Overdraft facility is subject to application and approval.
  • Overdrafts are for over 18’s only
  • £50 annual fee applies after the 12 month period subject to agreement on renewing overdraft
  • Applications for our fee free business credit card or £500 overdraft offer, are subject to approval
    and NatWest reserves the right to change or withdraw the startup offer without prior notice.

    If you apply for any other credit facilities, security may be required and product fees may apply.

    Before applying, please read our important documents, to understand Business Account Terms, costs
    of additional services what our Business Account Charges charges are, outside of free banking periods

    Download NatWest Business Account Terms

    Download our Business Account Charges

    Written by CREDIT


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