The Business Direct account from HSBC is a small business bank account which can help newly formed companies enjoy up to 18 months free banking.
The account is applicable to businesses which has an annual turnover of less than £500,000. In addition, customers should be aware that transaction limits do apply to this account and these are detailed below:
Key Features and Transaction Limits
- Note 1: The above threshold applies to cash machines situated in the United Kingdom. Cash withdrawn using third party dispensers may incur a charge levied by that ATM operator.
- Note 2: Cash deposits and withdrawals are not part of the Business Direct account package and therefore will incur the above charges.