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Harrods Bank
 

BUSINESS high value CURRENT ACCOUNT

ACCOUNT OVERVIEW

Our Business High Value Current Account combines payment of interest on the account balance with simple and efficient current account banking.

Interest on account balances above £5,000 is calculated at a gross rate which varies depending on the balance maintained. 

Business High Value Current Account customers receive a Harrods Bank cheque book and debit card, and the account may also be used to arrange regular payments via standing order or direct debit.

Management of the Business High Value Current Account is simple and convenient. Colleagues at our branch within the Harrods Knightsbridge store are always available to carry out instructions, which may also be provided by telephone or by post. Certain transactions may also be completed using your debit card, at the ATM machines of many UK (and overseas) banks.

As with every aspect of the Harrods Bank service, our Business High Value Current Account is designed for those wishing to manage their business finances with the assistance of a helpful and experienced relationship manager, who will expend the time required to understand your business, as well as its relationship to your personal financial situation.

ACCOUNT SUMMARY

Account Name Business High Value Current Account
Interest Rates Interest rates payable – variable.
Interest paid monthly on cleared balances above £5,000.
Please see our Current Interest Rates for Customers.
Tax Status Interest is paid at the Gross rate without deducting any tax. Any interest earned will count towards your Personal Savings Allowance and you will be responsible for paying any tax due on interest credited to your account. Please refer to HMRC for further details.
Conditions for Bonus Payment Not applicable – no bonus payment.
Withdrawal Arrangements Cheque book and Harrods Bank VISA debit card available (subject to approval).
Cash withdrawals using a Harrods Bank VISA debit card can be made from any ATM displaying the VISA logo. We do not charge you for this service (within the UK), however, you may be charged by the Bank providing the ATM. There are charges applicable to ATM usage abroad.
Regular payments (e.g. utility bills) can be paid by standing order or direct debit.
Access Instant access to funds.
Cash withdrawals (by cheque) and debit card. Deposits can be made at any branch of The Royal Bank of Scotland Plc.
Please see Business Account Charges & Fees for charges for cash services.
Service Charges All payments from and receipts to an account, 90p per item, subject to a minimum monthly charge of £30.
Please see Business Account Charges & Fees for charges for cash services.
Other Features Statements provided monthly.
Overdrafts available subject to financial assessment and if appropriate, the deposit of security.
 

See a summary of all our business accounts with the key product facts - please click here