Royal Bank of Scotland Business Current Accounts

Royal Bank of Scotland – or RBS – is one of the longest standing UK banks. Part of the Royal Bank of Scotland Group along with NatWest and Halifax, RBS offers accounts to businesses across the UK.

RBS offers two main business current accounts depending on your business circumstances – the details are listed below.

Foundation Account Type V6 (RBS)

A current account providing access to UK payments services and channels to business <£2m t/o but without any borrowing capability (default offering for standard Current Account failed application)

Features and benefits:

  • Cheque book and Credit book
  • Visa Debit Card
  • Monthly Statements
  • Pre-Notification of Charges
  • Automatic Money transfers (where requested/agreed)
  • Access to eBanking and Mobile Banking
  • Access to Bankline
  • International Payments
  • CreditInterestRateStructure

    N/A

  • DebitCardType

    Non-authorised

  • OverdraftAvailable
  • RegularTariffs

    Monthly

  • DigitalServices
  • AccessToBankToYou
  • AccessToBankline
  • ChequeBookAvailable
  • CreditInterestRatePayable
  • CurrentAccountSwitchService
  • DebitCard
  • DirectDebits
  • ElectronicPayments

    BACS; Faster Payments; Domestic Payments; International Payments; CHAPS

  • GroupAccounts
  • InstantAccess
  • MobileBanking
  • MultipleAccountHolders
  • OverdraftStructures

    N/A

  • PaymentClearingSystemSupported

    BACS; CHAPS; International systems

  • QuickDepositsServiceAvailability
  • SetOffArrangement
  • StandingOrderAvailability
  • TextAlerts
  • TransfersAllowed
  • AutoTransfers

Business Current Account Type 40 (RBS)

Current Account product providing access to UK payment services and channels to businesses which can be deployed across Business Banking, Commercial and legacy Corporate segments; the target market is all non personal customers.

Features and benefits:

  • Cheque book and Credit book
  • Visa Debit Card
  • Monthly Statements
  • Pre-Notification of Charges
  • Automatic Money transfers (where requested/agreed)
  • Access to eBanking and Mobile Banking
  • Access to Bankline
  • International Payments
  • CreditInterestRateStructure

    N/A

  • DebitCardType

    Authorised

  • OverdraftAvailable
  • RegularTariffs

    Monthly

  • DigitalServices
  • AccessToBankToYou
  • AccessToBankline
  • ChequeBookAvailable
  • CreditInterestRatePayable
  • CurrentAccountSwitchService
  • DebitCard
  • DirectDebits
  • ElectronicPayments

    BACS; Faster Payments; Domestic Payments; International Payments; CHAPS

  • GroupAccounts
  • InstantAccess
  • MobileBanking
  • MultipleAccountHolders
  • OverdraftStructures

    Facility Fee

  • PaymentClearingSystemSupported

    BACS; CHAPS; International systems

  • QuickDepositsServiceAvailability
  • SetOffArrangement
  • StandingOrderAvailability
  • TextAlerts
  • TransfersAllowed
  • AutoTransfers