Good Business Sense
Committed overdraft and Price Promise from RBS
At RBS we understand how important small businesses are to the economic success of the country. They safeguard the jobs of millions and help sustain the entire economy. At this difficult time small businesses are under pressure as never before and they need support and commitment from their bank, so we're backing them by:
- Keeping overdrafts for small businesses in place for a whole year.
- Not increasing pricing on overdrafts until at least the end of 2011.
RBS have given a commitment not to increase small business customer's overdraft pricing until the end of 2011 unless the risks associated with lending to them have increased. We also pledge to continue to provide committed overdrafts to businesses for the agreed committed period, which means that their overdraft facility will stay in place for 12 months from the date of agreement.
The committed overdraft pledge applies to RBS Business Banking customers with a turnover of less than £1million. It is subject to customers staying within their agreed terms and conditions. The price promise only relates to the interest rate charged on your account. Standard fees apply.
- Find out more on our overdraft services
- To find out how RBS can continue to support your business throughout these uncertain times download our Guide to Trading through the Economic Downturn
(PDF, 150KB)
RBS are committed to giving Small Businesses support to keep trading with confidence. To find out more speak to your Relationship Manager.
If you want to switch your business banking to RBS simply apply online or request an appointment.
