Bank Account Details
You have chosen to view more details on the following account:
Bank:
Alliance and Leicester Commercial Bank
Account:
Free Business Current Account Issue 3
Free banking FOREVER if account is maintained within specific transaction limits.
Start ups opening this account receive up to 2 years free banking free business planning software and access to a free 24 hour telephone advice service. Must deposit £1k per month or £5 charge is applied.
Unlimited free non cash transactions.
First £3k cash credited per month is free then a charge of 50p% is applied.
Up to £250 cash withdrawal free per month then: £251 to £2000 = £10; £2001 to £3000 = 50p%; £3001 to £5000 = 45p%; over £5000 = 35p%. Turnover up to £1m.
charges (per month)
Standing Charge:
Free
Cheque Withdrawal:
Free
Cheque Credit:
Free
Cheque Withdrawal:
Free
Cash Withdrawal via ATM:
Free
Cash Withdrawal via branch:
see conditions
Direct Debits:
Free
Standing Orders:
Free
Cash Exchange:
1.65%
Auto Credits:
Free
Deposits:
Free
Auto Credits:
Free
CHAPS:
£20
unsecured overdraft
Cost per month:
17% ABR
Equivalent Annual Rate:
Free
Fee:
Free
Charge for letter:
Up to £30
extra services
Internet Banking:
Yes
Telephone Banking:
Yes (8.00am - 6.00pm Mon to Fri 8.00am- 2.00pm Sat)
UK-based Call Centre:
Yes
Relationship Manager:
No
Post Office Facility:
Yes - Access to the Post Office Network
Branch Access:
Yes but only via atm deposit machines.
Merchant Acquiring:
Yes via Elavon.
interest rates (gross)
Notice Period:
Instant access
£1 - £499:
0.25%
£500 - £999:
0.25%
£1,000 - £2,499:
0.25%
£2,500 - £4,999:
0.25%
£5,000 - £9,999:
0.25%
£10,000 - £24,999:
0.25%
£25,000 - £49,999:
0.25%
£50,000 - £99,999:
0.25%
£100,000 - £249,999:
0.25%
£250,000 - £499,999:
0.25%
£500,000 - £999,999:
0.25%
£1,000,000 upwards:
0.25%
