CashPlus Business Bank Account for Contractors & limited company

Key benefits

  • There are no monthly charges for contractors or limited company – just a onetime annual fee of £69
  • Contractors and limited company owners will not have to pay any additional amount for inbound transfers (e.g. from clients or agency), or outbound direct debits (e.g. amount paid to accountant, for example)
  • Contractors and limited company owners will not be required to pay any additional amount for buying things via card purchases in the United Kingdom
  • Contractors and limited company owners can pay in cash at more than 13,000 locations across the United Kingdom
  • Contractors and limited company owners can access the account 24/7 via mobile app, phone, or through online portal
  • Contractors and limited company owners have access to complete customer support which is available from Monday to Friday, each week, from 8 AM to 8 PM and from 9 AM to 4 PM on Saturdays

So, how do you apply?

Contractors and limited company owners can file in an application by merely clicking on the link. Clients for DNS can be rest ensured that the application will be processed very smoothly. As long as a contractors or limited company owner’s address and ID are certified during the online application process, he/she will receive the Account Number details and Sort Code instantaneously. On the other hand, an individual might be requested to make available paper documents before the account details are provided.

Fees and charges

ITEM

COST

Funds In

 

Cash (Post Office)

0.25% (for the initial £1,000 per month is free)

Cash (Retail)

0.25% (for the initial £1,000 per month is free)

Electronic Transfer

Free

Funds Out

 

United Kingdom card purchase transactions (in Sterling)

Free

Cash (United Kingdom ATM withdrawal)

£2 for every withdrawal

Cash (Post Office)

£3 for every withdrawal

Electronic Transfer

3 free each month; thereafter, £0.99 for every transfer that particular month

Direct Debit

Free

Other

 

Annual account fee

£69 per annum

Foreign card purchase transactions

2.99%

Foreign ATM withdrawal

£3

Additional card issue fee

£5.95

Rejected Direct Debit fee

£15 (maximum £60 for each month)

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