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Nationwide Business Banking
3.8(2,456 reviews)
FSCS ProtectedBuilding SocietyMember Owned
Overview
Nationwide brings mutual building society principles to business banking, offering competitive rates and member-focused service.
Banking Features
business Account
personal Account
savings Account
current Account
multi Currency
overdraft Facility
business Loans
credit Cards
debit Cards
mobile App
online Banking
branch Network
atm Network
phone Support
relationship Manager
Pros
- Building society ethics
- No transaction fees
- Good savings rates
- Strong customer service
- UK-wide branch network
Cons
- Higher monthly fee
- Limited international services
- No multi-currency support
- Longer account opening time
- No dedicated relationship managers
Best For
Businesses valuing mutual principles
Companies with low international needs
SMEs prioritizing savings rates
Community-focused businesses
FSCS Protected • FCA & PRA Regulated
Fees
monthly Fee
£10.00
transaction Fees
Free transactions
cash Withdrawal Fee
Free at Nationwide ATMs
international Transfer Fee
£20-£30
overdraft Rate
8.0% - 11.0% APR
atm Fee
Free at most UK ATMs
Interest Rates
savings Rate
1.5% - 2.5% AER
business Savings Rate
1.8% - 3.0% AER
overdraft Rate
8.0% - 11.0% APR
loan Rate
7.0% - 14% APR
Regulation
Regulators
FCAPRA
Deposit Protection
FSCS Protected
Protection Limit
£85,000 per person
Services
Branch Count
650
ATM Network
1100
Support Hours
8am-8pm Mon-Fri, 9am-1pm Sat
Account Opening
10-15 days
Ratings Breakdown
service
4.3
fees
3.5
app
3.7
reliability
4