Comparing Business Currency Accounts Capabilities comparison – what do you get? Costs – how much do you pay? Example of savings

No branch meeting required to set up account Can set up account without having to set up other account(s) with the bank Dedicated and named account manager will proactively keep you abreast of FX movements and risk management tools Can pay uncapped amount to overseas beneficiaries (per day) All currencies offered are managed online Can apply without minimum business turnover Up front agreed exchange rates Bulk payment facility

£25/month and £2.50-£5.00 per user per month £6.50/month Maintenance Charge Outbound transaction charges standard (SEPA) ONLINE/PHONE/BRANCH Outbound transaction charges urgent (SEPA) ONLINE/PHONE/BRANCH Outbound transaction charges standard (SWIFT) Outbound transaction charges urgent (SWIFT) Inbound transaction charges Status check fee Recall fee Amendments Interest offered FX margin (requested 22/03/16) FX commission Basic charge for having current account £0 £11/month £5/month £0 £0 £6.50/month £1/£1 £8 £15/£19-£28 £10-30 £17/£27 £5 £1/£1 £8/£17 - £30 £15/£28 £10-30 £17/£27 £5 £5/£5 £8/£9.86/£9.86 £15/£19-£28 £10-30 £17/£27 £15-25/£40/£40 £5/£5 £8/£33.10/£33.10 £15/£19-£28 £10-30 £17/£27 £15-25/£40/£40 £0 Up to £8 £7 £7 £5 £0 SEPA/£6 £0 £7.24+VAT/£15+VAT £20 £25-100 £13 £0 £0 £4 £20 £25-100 £25 £20 £0 £25 £5 £25-100 £25 £5 £0 £0 -3.50% to 0.50% £0 0.10% £0 0.40% 2.90% 2.71% 2.35% 3.65% 2.77% £0 £0 £0 £0 £0 £0 £0 £5.50/month £6.50/month £5.00/month £25/month and £2.50-£5.00 per user per month £6.50/month

Example to show typical business costs Business USD Currency Account Business turnover: £2.5m/year Average USD balance: $150k USD Payments: 2 x Outbound FX payments per month totalling £100k equivalent 1 x Inbound FX payment per month totalling £20k equivalent Other fees: 1 x Status Check 2 x Cancel or recall 3 x Amendments Yearly maintenance cost (basic and currency account) Yearly transaction costs (1 x Outbound SEPA 1 x Outbound SWIFT 1 x Inbound/month) Yearly after transaction fees (1 x Status Check, 2 x Cancellations 3 x Amendments) Interest offered FX Margin Total yearly costs for example £0 £198 £138 £60 £420 £156 £72 £288 £444 £324 £468 £432 £0 £91.69 £75 £150 £138 £55 £0 £0 -£1056 £0 £150 £0 £5,760 £41,760 £39,024 £33,840 £52,560 £39,888 £5,832 £42,337.69 £41,625 £34,384 £53,436 £40,531

Stop throwing money away