Current Accounts
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The following fees apply to each Current Account held and are payable
quarterly in arrears in March, June, September and December.
|
| Quarterly management fee |
£45 |
| Automated entries |
48p per entry |
| Manual entries |
78p per entry |
| Cash paid in/out/exchanged |
75p per £100 |
| Cheques paid in for clearance |
40p per cheque* |
| * If the number of cheques paid in for clearance exceed 2,500 per quarter, a separate negotiable tariff is applicable. |
Monitoring of accounts |
| Monthly |
£40 pa per account |
| Weekly |
£160 pa per account |
| Daily |
£600 pa per account |
Bankers Automated Clearing Services (BACS) payments |
| 1-12,499 items per quarter |
20p per item |
| 12,500+ items per quarter |
12p per item |
| (Minimum charge £5 per file) |
|
BACSTEL-IP Smartcards |
£80 per card |
CrownPay & CrownCollect payment/collection services |
|
40p per item |
Statement frequency |
First Set |
Subsequent Set |
| Monthly |
Free |
£30 pa |
| Weekly |
£115 pa |
£60 pa |
| Daily |
£500 pa |
£250 pa |
| The following fees are payable in addition to any Current Account charges. |
Business Cash Card |
| UK transactions: |
| - debit card (SOLO) |
no fee |
| - cash withdrawals |
no fee |
| Non-UK transactions and cash withdrawals (Maestro) |
| - The sterling amount for any non-sterling transactions and cash withdrawals using your Business Cash Card will be calculated by applying the exchange rate provided to us by MasterCard International and a foreign exchange charge of 2.65%. |
Ancillary services |
The following fees are applied at the time of use:
|
| CHAPS payment |
£25 |
| Bankers draft/payment |
£25 |
| Certificate of Interest |
£20 |
| Recall of BACS or CrownPay item |
£10 |
| Stopped cheques |
£20 |
| Items payable to you and returned unpaid |
£10 |
| Audit Letter |
£58.75 inc VAT |
| Special collections |
£15 plus expenses |
| Replacement/copy statements |
£5 per sheet |
| Dishonoured cheque, Direct Debit or Standing Order |
£35 |
| Unarranged Overdraft Borrowing Rate |
26% pa 28.65% EAR |
| |
| International banking services |
| Below are the most common international services used and the fees applicable, which will be charged at the time of use. |
Quarterly management fee
for each currency held |
£45 (or currency equivalent) |
| Telegraphic transfers |
£35 |
| Bankers draft drawn on agent abroad |
£25 |
| Crediting receipts from abroad (where beneficiary bears the charge) |
£15 |
Obtaining proceeds of cheques payable abroad |
| By collection |
0.3% (min £30, max £90) |
| By negotiation (subject to recourse) |
0.3% (min £15, max £90) |
| Negotiation of sterling cheques |
as above, plus interest fee of 1% of value |
| Cheques returned unpaid |
£15 per cheque |
| Enquiry regarding fate of cheque |
£20 (per tracer) |
Expenses, such as cable fees, agents' fees and VAT, where applicable, will be added. Fees relating to obtaining proceeds of cheques payable abroad apply whether or not a cheque is paid. When cheques are negotiated by the Bank on your behalf, the Bank credits your Account immediately. However, there is an unlimited recourse period attached to the negotiation of cheques and if the cheque is subsequently returned unpaid we will be obliged to debit your account. |
|
| Electronic banking |
All charges will be calculated and applied quarterly as one amount, regardless of the service or services you choose.
|
| Coutts Bankline |
|
| No of Accounts |
Monthly Fee Per Account |
| 1-9 |
£15 (max £120) |
| 10-50 |
£10 (max £300) |
| 50+ |
£350 |
| (Minimum subscription £30 per month) |
Crownline
|
| No of Accounts |
Monthly Fee Per Account |
| 1-9 |
£15 (max £120) |
| 10+ |
Max £500 |
| (Minimum payment £30 per month) |
|
| Transaction Charges |
|
| In addition, transaction charges will be applied as follows: |
|
| Inter- account transfers |
Free |
| Immediate Faster Payments |
£3 |
|
Next day / future dated / BACS payments |
25p |
| Telegraphic transfers † |
£25 |
| CHAPS payment |
£15 |
| Bankers draft |
£20 |
|
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Details of fees for services outside this standard tariff can be provided at any time upon request and will be advised to you when you first use the service. Fees for borrowing are assessed separately for each facility.
For further details of any items described here, please contact your commercial banker.
EAR stands for Effective Annual Rate and is the real cost of an overdraft,stated as an annual fee, which takes into account how often interest is charged to the account. All other charges, such as arrangement fees, will be shown separately from the EAR.
For further details of any items described here, please contact your commercial banker.
†Overseas banks may charge their own commission. This charge will be levied if, when sending monies abroad, you opt to add such fees to the Coutts charge to ensure the beneficiary receives the full amount requested.
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