HSBC Commercial Banking has launched a fee free1 direct banking business account for Small and Medium sized Enterprises (SMEs) in Northern Ireland.
Business Direct which uses HSBC’s award winning2 internet banking platform will allow SMEs based in Northern Ireland, with a turnover less than £500,000, to be able to access and manage their business banking wherever they are – both online and over the telephone.
The Business Direct account, will allow small businesses greater flexibility in managing their finances by not being reliant on branch opening times to complete transactions. If SMEs should need to pay in cheques they can do so free of charge3 via branches of HSBC or via the network of Post Offices throughout Northern Ireland.
HSBC Direct Business customers will also benefit from :
- No fees within transaction limits
- Business specialists available in-branch to provide business support and guidance
- Free access to the knowledge network, an online business resource directory, full of practical information, tips and checklists
- Access to current and deposit accounts, business credit and debit cards, overdrafts and loans
- Business banking specialists available over the telephone from 8am to 10pm
- Quarterly written statements.
Huw Morgan, head of small business banking, HSBC; “We are seeing more and more small businesses that are both financially and technologically confident enough to manage their accounts directly.
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“For many SMEs the reliance on cash and cheques is reducing, with many payments now received electronically. Business Direct allows SMEs to spend a greater proportion
of their time focusing on running their own business and less time worrying about their banking.”
Footnotes :
1: Free Business Banking means there are no charges for cash and business cheques, for Direct Debits, standing orders, or bill payments made from your account and for credits paid into it and withdrawals from most UK Link cash machines. Some ATM’s may charge for cash withdrawals and you will be advised if there is a charge. During the free banking period no credit interest is payable. Terms and conditions apply. Offer only applies to businesses with an annual turnover below £500,000.
2: HSBC’s BIB platform has won – Best Integrated Corporate Bank Site 2007, Best Information Security Initiatives Europe 2007, Hallmark of Innovation (Financial Innovation Awards) Best Business Direct Channel – Internet 2007
3: 20 cheques written free per month, then £1 per cheque there after and 20 checks paid in per month, then 75p thereafter
