Clydesdale Bank offers new switching packages to South East businesses


Clydesdale Bank has announced a new switching package for South East businesses. The move follows the Bank’s launch of fee-free business lending last month as part of its Growing Business initiative.

From today, the Bank’s switching offer for businesses will be extended and enhanced. Having previously offered 18 months of free day-to-day banking for businesses with turnover up to £1m, the new offer will see this made available to businesses with a turnover up to £2m.

As a result of the change, a further 100,000 businesses across the UK could benefit from cutting their day-to-day banking costs. On average, a business could expect to save £360 over each year.

For businesses with turnover above £2m, in the commercial and corporate sector, who wish to move their relationship, the Bank has launched a separate switching offer. To assist in the transfer of these relationships, Clydesdale Bank will now pay certain costs and fees involved in the process, for example legal fees, which can typically be around £10,000.

The Bank has continued to support businesses with lending throughout the economic downturn and is looking to attract new trading business customers across a range of sectors with particular expertise evident in sectors such as Manufacturing, Agriculture, Food & Drink, Transport and Healthcare.

Andrew Merrifield, regional director of Business and Private Banking for Clydesdale Bank in the South said: “We have supported growing businesses throughout the difficulties of the last four years, and we continue to; the Growing Business initiative we recently launched is a clear demonstration of that.

“We now offer the best switching package for South East businesses of any UK bank or building society, meaning that any SME moving to us can save money. Add to that the availability of free-fee lending and there is the opportunity to help your business grow through direct investment and cutting costs.”

Businesses can find more information at http://www.cbonline.co.uk/business/, or by calling 0800 032 3971.

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