When starting a business, something that is often overlooked is the cost of banking.
Unlike a personal bank account, business banking charges cover everything, from depositing cash, direct debits, and cheques to using banking facilities like overdrafts, loans and business finance.
The good news is your new business qualifies for a period of free banking offered by a number of different high street banks.
We have listed the free business banking deals on offer from the most popular high street banks.
the yorkshire bank offer
- Two years’ free banking*
- For start-ups opening their first account within 12 months of beginning trading
- 18 months’ free banking*
- For established small businesses switching to Yorkshire Bank from another provider
- see www.ybonline.co.uk for more details.
12 months free Business Banking if your business is in its first year of trading with an annual turnover of less than £250,000 and you’re opening your first business current account. After this free business banking period, you will move to our £7.50 per month tariff.
Plus, if you’re an existing Santander personal current account customer, or if you switch your personal current account to Santander at the time of application, you’ll get 6 months extra – 18 months free Business Banking in total.