NatWest charges after 2 years

xnoxxnox

I am with NatWest startup business account. I am pondering what are the fees for it after 2 years of fee free and cannot work it out from leaflets.

Do they charge fee on intra-bank transfers? I.e. will it cost 35p or whatever it is to transfer to/from NatWest personal & NatWest business accounts?

DullGreyGuy

Their charges are changing on the 7th October. It appears there is a 35p charge for transferring between business and personal accounts but no standing fee, the only excluded transactions are between two of your business accounts.

penners324

Find a bank that doesn't charge fees. Starling, Monzo, Virgin

Bookworm105

one possibly large benefit of a business account with Nat west is you get free access to their accountancy software called "FreeAgent"

if you do your own bookkeeping that is worth over £300 pas saving compared to having to buy other software given. for example,  it is now a requirement to submit a VAT return via software. I have a client who is switching from Starling to Nat West for exactly that reason, bank charges in 2 years time when kick in will be eclipsed by the annual software cost saving.