Your business account uses a tiered subscription model based on your monthly deposits, ensuring you only pay for the level of activity your business requires. New accounts typically benefit from a three-month trial period to help you get started. Following this trial, your monthly fee automatically adjusts up or down based on the total funds you receive each month. Any additional transaction charges are deducted directly from your available balance.
If your sort code is 04-36-15
Your account is provided by Griffin Bank Ltd.
Once your free trial ends, your fee is calculated based on how much you deposit each month:
| Subscription Plan | Starter | Standard | Premium |
|---|---|---|---|
| Subscription Fees per month | £5 per month | £12 per month | £20 per month |
| Max. Total Monthly Deposits ** | £0 – £750 | £751 – £7,500 | Over £7,500 |
| Account Opening Fee | Free | ||
| First Business Banking Card | Free | ||
Transaction charges
Unlike the subscription fee, transaction charges apply from the day you open your account.
| Account Transfers (in/out) or Direct Debits (coming soon) | 3 free per month, then £0.27 |
| Card POS Transaction | Free |
| Foreign Transaction Fees | 3% applied to cleared transaction |
| Customer Service | Free |
| ATM Withdrawal | £1 per withdrawal |
| Post Office Cash Load | £0.5% (£2 min. fee) |
| Replacement Card | £5 |
| Dormancy Fee | £15 (see terms clause 12.4 for more details) |
| Administration fee | £15 (see terms clause 12.4 for more details) |
If your sort code is 23-69-72
Your account is provided by Prepay Technologies Ltd (PPS), and your pricing is based on the model below.
Monthly subscription tiers
After your three-month trial ends, your monthly fee is calculated based on the total amount of money deposited into your account during that period.
| Total Monthly Deposits | Monthly Fee |
|---|---|
| £0 – £750 | £3 |
| £750.01 – £7,500 | £9 |
| £7,500.01 + | £18 |
Because the fee is flexible, it scales with your business. For example, if you deposit £800 one month, you will be charged £9. If your deposits drop to £50 the following month, your fee will automatically decrease to £3. 📉
Transaction fees
Some specific actions are not included in your monthly subscription. These individual charges are deducted from your account as they occur:
| Account transfers (in and out) | £0.30 per transfer |
| Direct Debits | £0.30 per payment |
| ATM withdrawals | £1 per withdrawal |
| Foreign Transactions | 3% of the transaction value |
| Post Office cash loads | 0.5% of the amount deposited |
| Replacement cards | £5 per card |
How fees are paid
All fees and charges are automatically deducted from your business account. If your balance is not high enough to cover a fee at the time it is due, the amount will be taken automatically as soon as funds become available.
We are committed to transparency regarding your costs. If we propose any changes to our pricing structure, we will always provide you with at least two months' notice via email so you can plan accordingly.
How to check your fees in the app
You can view a summary of your current month’s activity and fees at any time:
Open the app and go to the Home tab.
Tap the Profile icon in the top-left corner.
Tap Pricing.
This screen will show your current subscription tier, your total deposits for the month so far, and a breakdown of your transaction charges. 📑