RBS and NatWest business account holders 'can access funds at the Post Office'

RBS and NatWest business account holders 'can access funds at the Post Office'
Date of Publication: Wednesday, 10 November 2010 00:00

Business account customers with two major financiers can now access their finances at branches of the Post Office.

Companies with business accounts with the Royal Bank of Scotland (RBS) and NatWest will now be able to access their finances through the Post Office, it was announced yesterday (November 9th 2010).

In news that is also of note for customers eager to compare savings on current account packages with the two financiers, the government has revealed such consumers will be able to conduct their fiscal business at branches of the Post Office as part of its plans to rejuvenate the institution.

Edward Davey, minister for postal affairs and MP for Kingston and Surbiton, has spoken of the Conservative-Liberal Democrat alliance's desire to "turn the Post Office network around" as it is regarded by the coalition as a "tremendous national asset".

The administration has therefore pledged £1.34 billion worth of funding for the organisation over the next four years, with Mr Davey adding that he is "particularly pleased" with the agreement to allow RBS and NatWest business account holders to control their affairs from there.

By Kate Guthrie
Wednesday, 10 November 2010 00:00
Bookmark and Share

Make a comment on this article

Please enter the following letters in the box below.
We're very sorry for this but we just need to ensure
that you are not a computer.

Top Business Credit Cards

Balance Transfers
Typical APR (variable)
View Full Table >
No Products Currently Listed

Top Business Accounts

Free Banking Duration
Interest Paid
View Full Table >
Starting a business? Enjoy up to £850 of free start-up benefits including 18 months’ free business banking
for 18 months
No credit checks or interview required - Apply instantly online in minutes. £69 per year – No charge for receiving bank transfers or for setting up Direct Debits, loads up to £1,000 in a calendar month are FREE, a 0.25% fee will apply on loads over £1,000 per calendar month
for N/A
No Credit Check basic bank account. Open to everyone 18+ & UK resident. £12.50 per month. Create Standing Orders & Direct Debits! Charge for 'depositing' money to account, either as cash or transfer.
for N/A

NatWest Business Start-up Account

  • ***Call NatWest on 0333 355 9427 to find out more***
  • 18 Months free Business Banking* - Free Business Banking is available for Businesses which are less than 12 months old with an annual turnover not exceeding £1 million
  • Mentor Aware - help to manage your risks with our Employment Law and Health & Safety support tool
  • No annual fee on your Business Credit Card – apply for a NatWest Business Credit Card in the first six months of opening your account and we’ll waive the annual fee for your first year.
  • Free Start-up courses - help to get you started with our online courses
  • Free unlimited transactions – no matter how many deposits or withdrawals you make, as long as your business turnover is less than £1 million
  • £1 minimum balance – keep at least £1 in your account and you never need to worry about charges
  • Free Online, Telephone and Mobile banking – pay bills and make transfers 24 hours a day, seven days a week (available to all business current account holders)
  • Start your business with NatWest today!
  • * = Free banking means that the charges for the day to day running of your account (known as your 'service charge') will not apply during the free banking period. At the end of this period, you will automatically move to the Standard Tariff. Charges for "Additional Services" and "Unarranged Borrowing" are not part of the free banking offer. Free banking applies to businesses that started trading within the past twelve months with projected or existing annual turnover not exceeding £1 million.

Cashplus Business Current Account

  • Instant online application process
  • No paper forms or interview required
  • No credit check required to open an account
  • The low cost alternative to High Street Banks:
  • - Free to load up to £1,000 per month at the Post Office, a 0.25% fee will apply on loads over £1,000 per calendar month (At other retail outlets this will also have a £3 fee that will apply)
  • - Free to set up Direct Debits
  • - Free inbound bank transfers
  • - 3 Free outbound bank transfers per month - £0.99 per transfer thereafter
  • Comes with MasterCard Debit Card – no card transaction charges
  • Fees: £69 per year & £2 per ATM withdrawal
  • No hidden fees
  • No introductory free period – just constantly low pricing
  • Additional card & replacement up to £5.95
  • Direct Debit Rejected payment fee up to £15.00 (capped at £60.00 per month)

CardOne Banking Guaranteed Business Account

  • CardOneBanking offers the following:
  • Guaranteed Acceptance
  • Sortcode & Account Number
  • Pay money in at any Post Office or Barclays Branch
  • Create Standing Orders and Direct Debits with this account.
  • 24 hour account management by Phone, Text and Online Banking
  • Dedicated Account Manager
  • NO OVERDRAFT FACILITY – No risk of going overdrawn
  • NO CREDIT CHECKS! – Guaranteed to be accepted, regardless of your past credit
  • YOU must be 18+ and UK resident
  • £12.50 monthly management fee
  • Charges to transfer or deposit funds:
  • £5 to £249 = £5
  • £250 to £499 = £8
  • £500 to £749 = £13
  • £750 to £999 = £20
  • £1000+ = £30