Business Banking Tariff

See Business Interest Rates or Business Credit Card Interest Rates

Business Tariffs
	Business Tariff
Open to	Available to Business Customers (including companies, partnerships, limited liability partnerships, sole traders, clubs & societies, charities and Schools)
Introductory Offer	Two years’ free banking – for start-ups opening their first account within 12 months of beginning trading or 18 months’ free banking**** – for established small businesses switching to Yorkshire Bank from another provider See Freebanking for more information
Service / Description / Price
Business Tariff	£5.00 per month
Automated Entries
Direct Debits, Standing Orders and other automated debits	30p
Credits	30p
Manual Entires
Cheques and other manual debits	70p
Credits	70p
Cheques
Cheques collected	30p per cheque
Cash
Cash Paid In	65p (per £100)
Cash Paid Out	65p (per £100)
Cash Exchanged	£1.30 (if over £100)* *Only applies to amounts greater than £100

Borrowing Charges
	Debit Interest Rate		Fees
	Per Annum (%)	EAR† (%)
Planned Borrowing	Negotiable
Unplanned Borrowing^	29.25	33.51
Unplanned Borrowing^ Professional Firms Clients Account	29.25	32.62
Daily Unplanned Borrowing Fee‡			£25.00
Arrangement Fees for Loans and Overdrafts (you will be advised when this charge shall be applied at the time)	Negotiable

^ In the event that you exceed your borrowing arrangements without prior agreement, a higher rate of interest will be charged on the excess borrowing.

** New Small Business Banking customers only with a turnover of less than £2m. Small business switching their main business current account or Start Ups opening first account within 12 months of trading. Borrowing requirements between £0 - £250,000 . Cash limit of £250,000 per annum. Free day-to-day banking means that “Service Charge” will not apply during your free banking period. At the end of this period, you will move to the Business Tariff. Charges for “Additional Services” and “Borrowing Charges” are not part of the free banking offer. No interest is paid on credit balances. We will review each business on a case by case basis to ensure they meet the qualifying criteria.

‡ As explained in the Terms and Conditions applicable to your Account, Unplanned Borrowing that totals less than the Buffer Amount will not attract the Daily Unplanned Borrowing Fee. The Buffer Amount is currently £25.00.

Other day to day charges
Returned Item Fee: Standing Orders, Direct Debits and Cheques which you authorise but which we return unpaid	£34.50 per item
Notification Fee	£0.50 per item
The above fees will be debited as one amount and be shown on your account as an ‘Unpaid Charge’ of £35

Debit Card Transactions
ATM Transactions	3.75% of transaction value. Min £1.50
Purchase Transactions	2.75% of transaction value. Min £1.50
These fees and limits apply if you use a card where the card transaction is made using an ATM or supplier based overseas

Charges for our most common additional services
Bankers Draft (up to & including £100,000)	£30.00 per draft
Stopped Cheque	£10 (per cheque)
Special Presentation of a Cheque	£15
Night Safes On Issue Per Quarter	£15 £15
CHAPS Payment (same day payment) (Cancellation, fate enquiries and amendments may attract an additional charge of £18.00. Fate enquiries or Investigations initiated after 6 months may be charged at £50; and after 12 months may be charged at £100. Additional agent charges may also be applied. Back valuation of payments, where requested, may incur additional charges which will be advised to you at the time of your request)	£24
Copies of confirmations/advices	£5 per item

Inward Foreign Payments
Paid to customer’s account with this Bank Up to £100 (or equivalent)	No Charge
Over £100 (or equivalent)	£7.00
Copies of confirmations/advices	£5.00 per item
Audit Letters	£27.50 (per hour) (minimum £27.50) + VAT
Certificate of Interest Paid	£5
Statements Additional statement Duplicate statement Daily statements Weekly statement Fortnightly statement	£2.00 per copy £5.00 per copy £0.50 per day £0.50 per week £0.50 per forthnight
Status Enquiry	£10 + VAT

Other Services
BusinessOnline Internet Banking
Invoice Finance
Administration Charge	Negotiable
Discounting Fee	Negotiable
Arrangement fee/Renewal fee (you will be advised when this charge shall be applied at the time)	Negotiable
Funds In Use Limit Increases	1% of uplift + VAT
Drawdowns within availability, but in excess of funds in use limit, to be cleared within 14 days	0.5% of the funds drawn over the funds in use limit - Min fee £25 + VAT - Max fee £250 + VAT
Drawdowns in excess of availability to be cleared within 14 days	1% of funds drawn - Min fee £25 + VAT - Max fee £500 + VAT
Additional Audits	Negotiable - minimum £500 + VAT per visit
Recalculations of Reserves	1% of additional funding generated Min fee £25 + VAT Max fee £250 + VAT
Late submission of control accounts and/or other Invoice Finance specific management information required	£100 + VAT
Administration charge for instigating legal recovery action on unpaid invoice	The greater of £150 or 10% of claim
Re-registration of Affidavit (every 5 Years) *fee applies to Partnerships & Sole Traders only	£450 + VAT*
Yorpay®
Monthly Service Fee	£2 per month
Registration Fee
Up to 20 beneficiaries	£30
21 to 40	£50
more than 40	£150
Charge per transaction	32p
Charge per submission	£3
Additional beneficiaries	£2 (minimum £10)
Over Limit referral Error in submission	£40 each occasion Non-conformance charge of £10 per occurrence in any of the following circumstances: - non-scheduled submissions - incomplete details - fax not received on time - discrepancies in additions/totals - invalid pssword used - BACS processing date invalid
BACS user fees
Charges per submission:-
BACSTEL	£1.50 (£1.00 via bureau)
Charge per item:-
Less than 2,000 BASC transactions per annum	7p
2,000 to 20,000 BACS transactions per annum	6p
Over 20,000 BACS transaction per annum	5p
Charge for exceeding credit limit	£40
BACSTEL-IP Public Key Infrastructure (PKI)
New Issue PKI Smartcard	£70 (per 3 year life cycle)
Replacement PKI Smartcard	£70 (per 3 year life cycle)
Additional PKI Smartcard	£70 (per 3 year life cycle)
Signing Solution Software	Nil
International Services
Your branch or your Relationship Manager can provide you with details of the wide range of services which we offer	Please ask your Relationship Manager or a member of staff for further details and a copy of the International Tariff.

For further details on any of our charges please contact your local branch or Business Manager.

† EAR (Effective Annual Rate) - The Effective Annual Rate is used to express the cost of borrowing on current accounts. The EAR takes account of the interest rate charged, the frequency it is levied to accounts and compounding of interest, it does not include overdraft fees.

Other services

Internet Banking

Business Banking Tariff