The first three bank transfers, standing orders and electronic payments (e.g. Faster Payments) a month are free, and then it’s £0.99 for each one. Direct Debits are free and so are bank transfers to the Cashplus Business Account.
Card payments in GBP are free, but paying in any other currency has a 2.99% transaction fee (there is no FX/exchange fee added).
If you’re receiving a bank transfer from abroad, it costs a flat fee of £15 per transfer regardless of the currency being sent, i.e. there should be no currency conversion fee added on top.
The first Cashplus Business Prepaid Mastercard is free, and then it costs £5.95 for each one issued after that.
Cash withdrawals cost £2 from a British ATM and £3 from ATMs abroad. When you deposit cash into the Cashplus Business Account at a Post Office, 0.3% of the deposit amount is charged as a fee.
Using the overdraft facility incurs a variable interest rate (representative APR 69.9%).
These are the fees applicable to Cashplus users in general. We have come across additional fees such as £15 for a rejected Direct Debit payment, so it’s worth looking closely at your contract before signing anything.