Business Overdrafts
Be financially flexible with a business overdraft.
Foreign Currency Account
If you regularly hold, pay or receive foreign currencies, a Foreign Currency Account is a cost-effective way to manage your international trade activities.
Key features and benefits
- Transfer money from a Sterling business account to your Foreign Currency Account
- Helps to manage exposure to exchange rate movements
- Minimises foreign exchange costs
- Overdraft facilities available¹
- Simple application process and no minimum balance required
- Choose from a wide range of foreign currencies including EUR & USD
Is my business eligible?
To apply for our Foreign Currency Account, you must:
- Already hold a Sterling business account with us
- Have an annual business turnover between £3-25m
- Need the account for business use
- Be aged 18 or over
- Be a sole trader, partner or director
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Rates and charges Account
Maintenance fee
Account
Euro Current Account
Maintenance fee
£24 per year (fee taken in two instalments of £12 charged either in March/September or April/October)2
Account
Foreign Currency Account
Maintenance fee
£60 per year (fee taken in two instalments of £30 charged in March/September or April/October)2
2The application of the account Maintenance Fee will depend on the currency of the account being debited. If the fee is being debited from a related GBP sterling account, it will be charged in March and September. If the fee is being debited from the Euro Currency Account, it will be charged in April and October.
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Find out more about our terms and conditions.
1 All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business. You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.
All lending is subject to status. Security may be required.
CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT. All enquiries for Foreign Currency Accounts will be referred to a specialist manager who will provide more information about charges for these services upon request.