Current account options
- Royalties Business
- Business Current Account
- Business Plus Account
- Business Offset Service
- Business Banking Direct
- Foundation Current Account
Accessing your account
Useful information
Royalties Business
Fix your transaction fees - plus enjoy additional benefits and savings
Budgeting just became a whole lot easier - with a business current account that fixes your transaction fees and pays credit interest. Add savings such as a 1% APR discount on Small Business Loans, and the benefits soon add up.
With Royalties Business, you'll never have to worry about mounting transaction charges. That's because you will pay a single monthly fee - allowing you to make as many debits and credits as you like.
It could be just what you're looking for - especially if you have a high number of transactions going through your account every month.
More than just easy budgeting
There are plenty of extra benefits with Royalties Business, to help your business. For example, you can take advantage of a discounted RBS Small Business Loan rates and annual card fees.
- Loans - 1% discount off the standard rate for Small Business Loans up to £25,000
- Card fee discount - Receive £10 off your Business Credit Card annual fee for both the main and any additional cardholders (Conditions may apply).
- Streamline - 25% off the monthly fee of Streamline Online - Streamline's web-based financial planning business tool
Ways to apply
- Speak to your Business Manager
- Visit your local branch - find your branch
Monthly fee
- £25- annual turnover up to £100,000
- £55- annual turnover from £100,000 to £250,000
| Additional Services | Charge |
|---|---|
| Certificate of balance/interest | No charge |
| Statements - Standard - Duplicate/historic | No charge £5 per request |
| Audit letters - extracting and supplying information to your external auditors | £25 + VAT per hour (min £25) |
| Status enquiries - if you request an opinion on one of our customers | £10 + VAT |
| Returns inward - cheques paid into your account returned unpaid by drawer's bank | £4 each |
| Night safe wallet usage fee | £2 per occasion lodged |
| Open credit facility - arranging for you to cash cheques at another bank/branch | £5 to set up |
| Recall of automated credit - where an automated payment has been wrongly initiated due to an oversight on your part | £5 |
| Stopping a cheque - lost or stolen cheques are not subject to this charge | £10 |
| Same day value payments (CHAPS) | £20 per payment |
| Special presentations - a cheque can be specially presented by post to determine quickly (generally the following business day) whether or not the payment will be made | £15 |
| Standard cheque books | No charge |
| Sterling draft | £10 |
| Bankers' Automated Clearing Services (BACS) files referred | £45 per file |
| Charge for court orders/legal processes served on the Bank brought by a third party against a customer | £25 minimum |
These charges will normally be debited to your account when the service is provided. Any charges incurred by another bank on your behalf and claimed from us by that bank will be charged to you at the reciprocal agency rate agreed between the two banks. For details of charges for international services or other services not included here, please contact your local branch or Business Relationship Manager.
| Autopay Service – all Autopay fees will be taken by monthly Direct Debit from your account. | Charge |
|---|---|
| Autopay monthly service fee | £2 per month |
| Autopay payments | 50p per payment |
| Autopay library – insertions/amendments | £4 for each insertion/amendment (minimum fee of £20 and maximum fee of £100) |
| Non standard processing fee | £10 for each reason on each occasion, up to a total of £20 for each instruction |
It is not our general policy to pay legal and valuation fees/charges on transfer of security.
Unarranged borrowing
Unarranged borrowing will be charged at 29.5% per annum. You may also incur charges for any administration or monitoring costs associated with unarranged borrowing.
Unpaid Item Fee
An Unpaid Item Fee of £35 (subject to a maximum of £140 per day) will be payable if:
- you informally request an overdraft by issuing instructions for a withdrawal or other payment; and
- the payment cannot be met from the funds in your account or any unused arranged overdraft; and
- we decide in our discretion not to make the payment
The fee is charged on the day we decide not to make the payment.
Paid Referral Fee
A Paid Referral Fee of £30 will be payable if:
- you informally request an overdraft by issuing instructions for a withdrawal or other payment; and
- the payment cannot be met from the funds in your account or any unused arranged overdraft; and
- we decide in our discretion to make the payment so that an unarranged overdraft is created or increased.
The Paid Referral Fee is payable in addition to interest.
