WHAT IT COSTS
As a Acorn account holder, you'll get access to manage your account online and have a UK based account manager to assist you with your everyday money management.
There is an application fee of £60, which includes your first Giro book.
Then a minimum monthly fee of £12.50 which is debited from your account on the 1st of every month. There is a tariff of charges for transactions below. You can add up to 4 additional people to the account at any time for free.
Please refer to summary box for details of your Acorn Corporate MasterCard® usage fees.
List of Business Account Charges
| 1 | Account Application Fee *includes first Giro Book | £60 |
| 2 | Minimum Monthly Charge | £12.50 |
| 3 | Additional Cards | £0 |
| 4 | Electronic credit | £0.30 |
| 5 | Cheque credit (Minimum Charge £0.50 per cheque)* | 0.75% |
| 6 | Faster Payment Service via call centre | £10 |
| 7 | Faster Payment Service online | £7.50 |
| 8 | Next Day Faster Payment Service via call centre | £3.50 |
| 9 | Next Day Faster Payment Service online | £0.30 |
| 10 | Standing Order paid out | £0.30 |
| 11 | Direct Debit paid out | £0.30 |
| 12 | Rejected Standing Orders, Direct Debits | £0 |
| 13 | CHAPS | £30 |
| 14 | SMS balance enquiry (Additional operator charges may apply) | £0.15 |
| 15 | Statement copy up to 3 months | £5 |
| 16 | Card UK Point Of Sale | £0 |
| 17 | Card UK ATM | £1.50 |
| 18 | Card foreign Point Of Sale | £2.75 |
| 19 | Card foreign ATM | £3 |
| 20 | Card reissue | £3.95 |
| 21 | PIN reissue | £0 |
| 22 | Collections/admin letter | £5 |
| 23 | Subject Access | £10 |
| 24 | Giro paying in book | £10.00 |
| 25 | Cheque credit returned | £5 |
| 26 | Cash Advance | £5.00 |
*We may cap this charge, per deposit