Provider profileLast checked 8 November 2026
TSB Business Plus account
TSB's only business current account open to new applications, for existing TSB customers, with 30 months of free day-to-day banking and then a £5 monthly fee.
- Cheapest plan
- Free for 30 months, then £5 a month (not charged if your average balance is £10,000 or more)
- Available in
- UK
- Your money
- Bank · FSCS cover
What it is
TSB Bank plc, registered in Scotland (SC95237) and now part of Santander. It is authorised by the PRA and regulated by the FCA and the PRA (registration number 191240).
How your money is protected
TSB Bank plc is covered by the FSCS, and TSB says money in a TSB account is protected up to £120,000. Its pages don't say whether this limit is shared with Santander.
Our e-money vs bank account guide explains what this means if a provider fails.
Who can open one
Only existing TSB business customers, TSB personal mortgage customers or active TSB personal current account customers, aged 18 or over, living in the UK, with a business registered in the UK. New customers are pointed to a Santander Business Current Account.
Headline fees
| Fee | Detail |
|---|---|
| Monthly fee | £0 for 30 months, then £5; not charged in a month with an average balance of £10,000 or more |
| Electronic payments in or out, including Faster Payments | Free |
| Debit card transactions in sterling, including cash withdrawals | Free |
| Cheques paid in or out | 70p each after the free period; free when paid in through the app |
| Cash paid in, out or exchanged | 70p per £100 after the free period |
| CHAPS | £30 |
| International payments | £15 via internet banking (euro to qualifying EEA countries free); SEPA free |
| Payments received from abroad | £2 up to £100, £7 over £100; euro from qualifying EEA countries free |
| Card payments in a foreign currency | 2.75% |
Limits worth knowing
- Free banking depends on keeping the account within agreed limits and not going overdrawn without arranging it.
- Online and app payments are limited to £100,000 a day and £50,000 per payment; international payments to £75,000 a day.
- Cheques paid in through the app are limited to £500 each and £2,500 a day.
How it compares
- Incard vs TSBFees, cashback, foreign currency, protection and eligibility side by side.
- TSB alternativesAccounts to look at if TSB doesn't cover what you need.
See all the accounts we've researched.
Our pick for card spendIncard: 1% cashback on ads, software and travel, on a £0 plan
Our pick for UK and Swiss businesses whose main costs go on cards, as long as you don't need bank deposit protection.
Read Incard vs TSBWork out your cashbackCheck eligibility
We may earn a commission if you apply.
- a month on the Free plan, with team cards
- £0
- cashback on ads, software and travel; 0.5% on other eligible spend
- 1%
- IBANs in three currencies
- GBP, EUR, USD
Check TSB Business Plus account's current terms
Fees and eligibility can change. Confirm them on the provider's own site before you apply.
Sources
All checked on 8 November 2026. Where a provider's help centre or legal terms differ from its marketing pages, we follow the help centre and terms.