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

2. 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

3. £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

4. 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

5. Stop throwing money away