Freestyle Banking - HSBC Business Direct Bank Account

Business Direct is the right business bank account for you:

  • if you want up to 18 months free business banking* and then free
    banking within transactional limits.
  • if you want a business bank account which gives you the flexibility of online, telephone and text message banking.
  • if you do not use cash and receive few cheques.
  • if you have an annual turnover of less than £500,000.

The table below provides further inforamtion on the Business Direct bank account provided through the Freestyle all-inclusive service.

Service Description Price
Account Maintenance Fee Monthly charge Free
Automated Credits An electronic credit paid into your business bank account Free
Bill Payment A payment which is debited to your business bank account via telephone banking and credited to a beneficiary Free
Cash Machine Withdrawal** Cash withdrawn from cash machine Up to �1,000 free per month, then 2% of value withdrawn
Cheques Paid Cheques written 20 free per month, then �1 per cheque
Direct Debit Paid / Unpaid Direct Debits paid from or returned to your business bank account Free
Internet Bill Payment A bill paid through Business Internet Banking Free
Standing Order Standing order paid from your business bank account Free
Maestro Debit Debit to your business bank account following a Maestro (card) transaction Free
Other Debits Debit applied to your business bank account Free
Branch Cheques Collected Cheques paid in at branch 20 free per month, then 75p per cheque
Branch Cash in* Cash paid in over branch counter, via paying-in machine or via deposit machine 2% of value deposited
Branch Cash out* Cash withdrawn over branch counter 2% of value withdrawn

* As paying in and withdrawing cash at branches is not within the scope of this service, such transactions will be charged at 2%.

** This is for UK transactions only and some ATM operators may levy a charge.