(Please note that due to the schemes' eligibility criteria not all TSB business customers will be covered by these schemes). TSB Bank plc is covered by the Financial Services Compensation Scheme and the Financial Ombudsman Service. Read more about our lending commitments to you (PDF, 400KB). TSB adheres to The Standards of Lending Practice for business customers which are monitored and enforced by the Lending Standards Board. TSB Bank is your financial partner for business loans, ag loans, checking account and savings account products, IRA. SC95237.Īuthorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 191240. Registered Office: Henry Duncan House, 120 George Street, Edinburgh, EH2 4LH. Not all telephone banking services are available 24/7. Your Business Banking Call Centre is available from 8am to 6pm Monday to Friday and 9am to 2pm Saturday (excluding UK public holidays).Ĭalls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service. If you have a hearing or speech impairment you can contact us using Text Relay or Textphone on 03 (lines are open 8am – 6pm Monday to Friday, 9am – 2pm Saturdays). We work with FCA authorised and regulated firms who may pay us a commission for referring you to them but this has no impact on our content and helps keep this website free to use.If you’d like this in another format such as large print, Braille or audio please ask in branch. Companies are ranked in no particular order and higher ranking does not imply one company is better than another. Learn more Business Services We have a range of services for a better business banking experience, and to ensure both you and your business are covered. We can't recommend any of the products and/or services featured on the site. Message us Call 0800 872 226 Business Accounts Financial solutions to suit your business needs. We are not a lender, bank, broker and/or other financial institution and as such we are not authorised or regulated by the FCA to offer financial advice. Poor scores in independent service quality survey.ĭisclaimer: .uk is a business finance and lending research and information website publisher.Just one current and savings account to choose from.High interest on the savings account, compared to other easy access accounts.25 months’ free everyday banking when you switch.Simple products that could suit a wide variety of small businesses.Smart Money People – 2.54/5 (based on 28 reviews) Trustpilot – 3.4/5 (based on 14,007 reviews) In the same list of 14 business current account providers, TSB also ranked 11th for online and mobile banking services, 12th for relationship/account management, and 7th for service in-branch. TSB ranked 9th in a list of the 14 largest business current account providers for overall service quality in an independent survey. 3/5 for customer service, communication, transparency of charges, online banking and service in-branch, and 2/5 for complaint handling, telephone banking and mobile app. Some think TSB advisors are helpful and friendly, and their business has everything it needs, but others are very disappointed by slow service. Smart Money People reviewers are also split down the middle. There are only six public reviews on .uk, which are mixed. With Online for Business, you can view all your sterling business current accounts in one place make Faster Payments, bulk and international payments view. Trustpilot reviewers are mixed with many reviewers unhappy with TSB’s customer service, citing online glitches and unexpected charges. At the time of writing, TSB are not accepting new business credit card applications. There’s also an arrangement fee of £100-250, depending on the terms, amount, and length of the loan. Interest rates are 9.94% APR representative (fixed). Business finance and loansīorrow between £1,000 and £100,000, and repay over 1-25 years or up to £25,000 as an unsecured loan. There’s also an arrangement fee of £100-250, depending on the terms, amount, and length. TSB overdrafts are charged at 10.65% EAR representative for overdrafts above £7,000, and the amount you can use depends on your circumstances. You can open and manage your account over the phone, in-branch, and online. If your balance falls below £4,999, interest rates are significantly lower at 0.05% Gross/AER. Savings accountīusiness customers can only set up an Easy Access Savings Account, giving them interest rates of 0.30% Gross/AER (variable) on balances of £5,000 plus. Switchers can get 25 months’ free day-to-day banking if they stay within the terms of their account. TSB will waive the fee if your balance stays above £10,000. The business account can be managed online and on the app 24/7, and costs £5 a month. TSB offers two current accounts – one for small businesses, and one for charities and not-for-profits. TSB Business Banking Services Current Accounts
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