Current account options
- Royalties Business
- Business Current Account
- Business Plus Account
- Business Offset Service
- Business Banking Direct
Accessing your account
Useful information
Royalties Business
Fix your transaction fees -
plus enjoy additional benefits
and savings
Budgeting just became a whole lot easier - with a business current account that fixes your transaction fees and pays credit interest. Add savings such as a 1% APR discount on Small Business Loans and vehicle breakdown cover, and the benefits soon add up.
With Royalties Business, you'll never have to worry about mounting transaction charges. That's because you will pay a single monthly fee - allowing you to make as many debits and credits as you like.
It could be just what you're looking for - especially if you have a high number of transactions going through your account every month.
More than just easy budgeting
There are plenty of extra benefits with Royalties Business, to help your business. For example, you can take advantage of a tailored RBS Business Loan and discounted annual card fees.
We also have savings on Vodafone upgrades and new connections - as well as valuable business advice from our Mentor Service.
Business banking
- Loans- 1% discount off the standard rate for Small Business Loans up to £25,000
- Business MasterCard- £10 off the annual card fee for each card (normally £30)
- Asset Finance- need a vehicle? Save up to £250 on the facility fee for the first road-going vehicle you finance you finance. This is not applicable to existing customers.
- Streamline- 25% off the monthly fee of Streamline Online - Streamline's web-based financial planning business tool
Protection
- Breakdown cover- Green Flag's Roadside Assistance is included. Please refer to the Breakdown Cover policy booklet for full details of conditions and exclusions.
- Life insurance- 5% off premiums for the term of the plan
- Business travel- if you choose Royalties Gold for your personal banking, you can upgrade your travel insurance cover to include business as well as personal travel
Business services
- Mentor- 5% off our mentor service, giving advice and consultancy in the crucial areas of employment law and health and safety. (Except 12 month contracts and tax mentoring)
- Mobile phones- £50 bill credit on each Vodafone connection and upgrade
Personal banking
- Royalties Gold savings- we'll cut your usual monthly Royalties Gold fee in half, if you choose this personal banking package. Available for up to four directors or owners, and only while the business holds a Royalties Business account.
Ways to apply
- Speak to your Business Manager
- Visit your local branch - find your branch
Monthly fee
- £25- annual turnover up to £100,000
- £55- annual turnover from £100,000 to £250,000
| Additional Services | Charge |
|---|---|
| Certificate of balance/interest | No charge |
| Statements - Standard - Duplicate/historic | No charge £5 per request |
| Audit letters - extracting and supplying information to your external auditors | £25 + VAT per hour (min £25) |
| Status enquiries - if you request an opinion on one of our customers | £10 + VAT |
| Returns inward - cheques paid into your account returned unpaid by drawer's bank | £4 each |
| Night safe wallet usage fee | £2 per occasion lodged |
| Open credit facility - arranging for you to cash cheques at another bank/branch | £5 to set up |
| Recall of automated credit - where an automated payment has been wrongly initiated due to an oversight on your part | £5 |
| Stopping a cheque - lost or stolen cheques are not subject to this charge | £10 |
| Same day value payments (CHAPS) | £20 per payment |
| Special presentations - a cheque can be specially presented by post to determine quickly (generally the following business day) whether or not the payment will be made | £15 |
| Standard cheque books | No charge |
| Sterling draft | £10 |
| Cheques, Standing Orders, Direct Debits returned unpaid | £35 |
| Items referred prior to payment | £30 per day (max £120 per month) |
| Bankers' Automated Clearing Services (BACS) files referred | £40 per file |
| Charge for court orders/legal processes served on the Bank brought by a third party against a customer | £25 minimum |
| RBS Autopay - makes it easy for you to make regular payments, such as weekly wages. | The charge to set up an initial 'Autopay beneficiary library', the list of people and accounts you want to make payments to is a minimum of £16.25 and a maximum of £81.25. We then charge you £3.25 for each addition or amendment to that list. If the instructions you give us are not valid, late, unscheduled or over your agreed limit, we will charge you £9 for each reason, on each occasion, up to a total of £18 for each instruction. |
These charges will normally be debited to your account when the service is provided. Any charges incurred by another bank on your behalf and claimed from us by that bank will be charged to you at the reciprocal agency rate agreed between the two banks. For details of charges for international services or other services not included here, please contact your local branch or Business Relationship Manager.
It is not our general policy to pay legal and valuation fees/charges on transfer of security.
Unarranged borrowing
Unarranged borrowing will be charged at 29.5% per annum. You may also incur charges for any administration or monitoring costs associated with unarranged borrowing.
Unpaid Item Fee
An Unpaid Item Fee of £35 (subject to a maximum of £140 per day) will be payable if:
- you informally request an overdraft by issuing instructions for a withdrawal or other payment; and
- the payment cannot be met from the funds in your account or any unused arranged overdraft; and
- we decide in our discretion not to make the payment
The fee is charged on the day we decide not to make the payment.
Paid Referral Fee
A Paid Referral Fee of £30 will be payable if:
- you informally request an overdraft by issuing instructions for a withdrawal or other payment; and
- the payment cannot be met from the funds in your account or any unused arranged overdraft; and
- we decide in our discretion to make the payment so that an unarranged overdraft is created or increased.
We only charge one Paid Referral Fee per day, even if more than one item is paid from your account on that day. The total fee for a calendar month, capped at £120 per month, will be debited to your account on the sixth business day of the month after the month in which the transactions took place. The Paid Referral Fee is payable in addition to interest.