Business Gold

Our Business Gold Current Account offers many of the features you'd expect from a business account. As well as 24 hour access through our Internet Banking service, you'll be entitled to receive free debit card transactions whilst abroad.

BANK THE WAY YOU WANT TO

  • Bank in branch, online, by phone or by post
  • A business VISA debit or cash card is available to sole traders and Partnerships (subject to status). Unfortunately, the VISA debit card is not available to clubs, Societies and limited companies
  • Easily set up Direct Debits, standing orders and money transfers 
  • Cheque books when you need them
  • Monthly statements
Free card usage abroad

Our Business Gold account holders receive free overseas debit card transactions abroad. Using your card abroad will be just like using it in the UK, you'll no longer have to pay cash withdrawal charges, retail transaction charges or handling fees. Please note an overseas ATM or retailer may add their own charge. You would be told about this at the time of transaction.  

How this helps you:

Save time looking around for the lowest exchange rates, you won't need to pay any commission on foreign currency or travellers cheques.

Takes away the hassle of carrying large sums of foreign currency around.

You won't have to worry about running out of money when you're overseas. Just go to any cash machine displaying the VISA/PLUS symbol, as you would at home.

Helping make your business better
  • Experienced advisers on hand in every branch.
  • Clubs, societies and charities can qualify for free transaction charges. (subject to qualifying criteria)
  • If your business is looking for a good value savings account, the N&P Business Extra Savings Account gives you the opportunity to earn interest on surplus cash.
  • All benefits are subject to terms, conditions and exclusions. Please read our terms and conditions for more information.

Charges and Interest Rates

Interest Rates paid on credit balances

We do not pay interest on Business Gold Current Account Balances.

Account Service Charge

Our Business Gold Current Account has a monthly Account Service Charge of £3. Details of accounts that are exempt from this charge are available on request (e.g. some Charities, Clubs and Associations).

Overdraft Facilities

Approved Overdraft facilities are not available on Business Gold Current Accounts.  If you use your Business Gold Current Account to make payments when you do not have enough money in your account you will be charged.

Overdraft Interest Rate

 

Interest Rate Gross % (EAR** % variable)

We will charge you interest on the amount by which you are overdrawn.  You will be charged at our unapproved rate.

15.50 (16.65)

**EAR stands for Equivalent Annual Rate and does not take into account any additional charges (e.g. arrangement fees/security charges/monthly charges) which may be applicable.  We will charge you interest on the whole of the overdrawn balance for each full day your account is overdrawn.  

Paid and Unpaid Item Charges

 

Amount

Unpaid Item In

If someone makes a payment to your account which is refused for any reason (e.g. they have insufficient funds in their account) you will be charged.

 

£4 per item

Unpaid Item Out

If you do not have enough cleared money in your account, we may refuse to pay cheques, direct debits, standing orders or bill payments.

 

£29.50 per item

Paid item charge

If you guarantee a cheque or use your VISA debit card and do not have enough cleared money in your account and we pay the item.

 

£23 per item

These charges are debited to your account for each transaction or payment and will be applied to your account on the day the transaction is presented for payment.

Transaction Charges

Transaction charges will be debited from the Account each month, normally on the last Working Day of each month. Other charges will be debited from the Account as they are incurred.

See our full list of Business Gold Charges and Interest Rates.

ACCOUNT TYPE

This is a payment account, please refer to the General Savings and Investment Conditions for more information

KEY PRODUCT INFO

Conditions and Account Information

Internet Banking Service Conditions