The Cashplus Business Account is a low cost option compared to High Street Business Banking.
The Account has no monthly fees and only costs £69 per year. There are also no additional charges for setting up Direct Debits, paying in cash or receiving Bank Transfers.
Your account will be setup in the name of your business, so you can invoice your clients in your business name as you would with all high street banks. You can also access your account online as well as on your mobile, the customer service is all UK based.
What’s more, there’s no credit check to pass in order to open the account. All you need to do is apply online which should only take a few minutes in order to enjoy the following benefits:
- No account set up or monthly fee (you simply pay the first annual fee of £69)
- Pay in up to £1,000 per month free at 16,000 locations nationwide – including the Post Office® (0.25% thereafter)
- No charge for inbound Bank Transfers
- No charge for setting up Direct Debits
- 3 free outbound Bank Transfers per month – £0.99 per transfer thereafter
- Free Online Banking – Manage Direct Debits, make Bank Transfers and more
- No charge to use the card that comes with the account for purchases in the UK
- UK Call Centre
Please ensure that you apply via the above button, in order for Cashplus to track you as one of our clients!
You will receive your account number and sort code instantly providing your ID and address can be verified during the application process. In the unlikely event that we are unable to do this you will need to provide paper documents before we can provide you with your account details.
When applying, please check the following:
- That your business has been incorporated for more than 3 working days
- The business address that has been provided is your registered office address
- The company name is entered exactly as it shows with companies house
- That your company registration number is entered correctly
By double checking the above will help to ensure your application is assessed correctly, errors in the
above application can result in an incorrect assessment of your application.
Inbound Bank Transfers – Free
Cash Paid In – First £1,000 Free (0.25% thereafter)
Outbound Direct Debits – Free
Outbound Bank Transfers – First 3 per month free (£0.99 per transfer thereafter)
Card Transactions – Free
ATM Withdrawals – £2 per withdrawal
Monthly Fee – None
Annual Fee – £69
Accounts available to applicants aged 18 years+ and businesses based in the UK. Cashplus is issued by APS Financial Ltd (AFL) pursuant to license by MasterCard International Incorporated. AFL is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money. Cards are serviced by Advanced Payment Solutions Ltd (APS) which operates the card on behalf of AFL. All credit facilities are provided by APS and are subject to approval. AFL & APS registered address is 6th Floor, One London Wall, London EC2Y 5EB. Registered in England and Wales under company numbers 06029941 & 04947027 respectively. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. The Post Office® and Post Office symbol are registered trademarks of Post Office Ltd.