Nat West: Guide to Business Charges

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NatWest Business Banking Charges-A Guide

With thanks to Yourbank

This should act as merely a guide to understand which charges are claimable and what they were called. The charges are from 2001 to the present day. I will revise this from time to time.


Descriptions of Business Bank charges since 2001 and what they are for

1) Excess Borrowing Fee--- This is when you have an overdraft or not and go over that mark. The bank charges you if this happens within a charging period, usually of one month duration. The charge will go out at the end of the following month. For example, exceed the overdraft in May and at the end of June the payment goes out.

2) Paid Referral fee/Referral Charge--- This is where the bank has paid a cheque/Standing Order and/or Direct Debit that takes you over your agreed overdraft facility. 3)Cheque Return Fee---This is where there is not sufficient funds in the account to cover a cheque going out and is therefore returned unpaid.

4) Unpaid D/D fee-- This is where a Direct Debit has been returned unpaid.

5) Unpaid R/P-- This is where a Standing Order has been returned unpaid.

6) Unpaid Item(s)-- This is when a cheque/Standing Order/Direct Debit has been returned unpaid due to insufficient funds being in the account.



Amounts debited to the account.

The timeline is from 2001 onwards....


1) Excess Borrowing Fee--£3.50 per day. This charge appears to have been removed completely from Business account with the last charge for Excess Borrowing Fees being taken out of the account on 28th September 2001.

2) Paid Referral Fee-- £12 per item in 2001, £30 per item from June 2003 which is current. The maximum per month was 4 and that went up to 6(however there are some types of accounts where the maximum is 4.


3) Cheque Return Fee/Unpaid D/D Fee/ Unpaid R/P Fee/Unpaid Items-- £30 per item, but that figure is now £35 per item. At the moment I have no timeline for when this charge went up by £5.


Revisions to the guide as the timeline becomes clearer and further information dictates are here