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TSB Business Banking
3.6(1,834 reviews)
FSCS ProtectedUK OperationsLocal Banking
Overview
TSB offers straightforward business banking with competitive rates, local branch support, and commitment to UK-based operations.
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
- Competitive rates
- UK-based customer service
- Local branch presence
- Straightforward products
- Low minimum deposit
Cons
- Smaller branch network
- Limited international services
- Past IT issues
- No multi-currency accounts
- Basic digital features
Best For
Local UK businesses
Companies prioritizing UK operations
SMEs with simple banking needs
Businesses seeking local support
FSCS Protected • FCA & PRA Regulated
Fees
monthly Fee
£5.50
transaction Fees
40p after 20 free transactions
cash Withdrawal Fee
Free at TSB ATMs
international Transfer Fee
£15-£25
overdraft Rate
8.5% - 11.5% APR
atm Fee
£1.50 at other banks
Interest Rates
savings Rate
1.2% - 2.2% AER
business Savings Rate
1.5% - 2.5% AER
overdraft Rate
8.5% - 11.5% APR
loan Rate
7.5% - 14.5% APR
Regulation
Regulators
FCAPRA
Deposit Protection
FSCS Protected
Protection Limit
£85,000 per person
Services
Branch Count
290
ATM Network
800
Support Hours
8am-8pm Mon-Sat
Account Opening
7-10 days
Ratings Breakdown
service
3.8
fees
3.4
app
3.5
reliability
3.9