Starting with RBS
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Managing your accounts
Two years' free banking
A financial boost for your new business
If you're just starting out in business, two years' free banking with RBS could be just what you need to get your business on a solid footing.
What does free banking mean?
With RBS, free business banking means just that:
- Start-up businesses - you must have been in business for less than a year to qualify
- No transaction limit - no matter how many deposits or withdrawals you make
- £1 minimum balance - keep at least £1 in your account and you never need to worry about charges
- High account maximum - so long as your business turnover is under £1 million during a 12 month period, you'll not be charged for everyday transactions
And there are even more benefits
As an RBS customer, your business will also benefit from:
- A dedicated Relationship Manager to support your business
- Our extensive branch network, online and telephone banking
- Guides and market information to help your business
Free business banking conditions
Free banking means that the charges for the day to day running of your account (known as your 'service charge') will not apply during the free banking period. At the end of this period, you will automatically move to the Standard Tariff. Charges for "Additional Services" and "Unarranged Borrowing" are not part of the free banking offer. Free banking applies to businesses that started trading within the past twelve months with projected or existing annual turnover not exceeding £1 million.
