BUSINESS BANKING CALCULATOR

Which option is best for you? Use our online calculator to work out which account option would be best for your business and how much money you could save by switching your banking to us
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If you are an established business, enter your most recent quarter's transaction activity into the fields below to compare us to your current bank. You should find your transaction activity information on the charges summary from your bank.

If you are looking to set up a business, enter a full quarter's transaction activity based on your best projections to see how much it would cost with the Cumberland.

Depending on your overall type of transaction activity, either Option A or Option B will be your most suitable account. See which one is right for you...

All figures required are numbers, unless stated as currency (£)

Credits to your account Opt A Opt B
Payments from your account Opt A Opt B
Current arrangements (leave blank if you are a start up business) Opt A Opt B
Quarterly Charge Annual Charge Year 1 Saving FREE Banking Year 2 Saving Year 3 Saving Total 3 Year Saving
Opt A
Opt B
Your current charge

(1) Maximum 5 cheques allowed per credit (2) Automated transactions. All other chargeable transactions above are manual.

Charges are calculated quarterly at the end of March, June, September and December and are deducted from accounts on or around the 26th day of the following month. The Society reserves the right to vary the above charges for high volume accounts (over £250,000 credit turnover). The charges shown are provided for illustration purposes only based on the transaction activity you have entered. The actual charges made by Cumberland Building Society will depend on future transaction activity on your account. Our charging tariff is correct at 1 April 2017.

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WHICH ACCOUNT OPTION IS RIGHT FOR YOUR BUSINESS?

OPTION A Image
OPTION A
For businesses with a high proportion of cash and cheque transactions
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Higher automated transaction charges
Lower manual transaction charges
Higher credit interest
Monthly fee
OPTION B Image
OPTION B
For businesses with a high proportion of electronic transactions
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Free automated transactions
Higher manual transaction charges
Lower credit interest
Monthly fee
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Current Account Switch Guarantee

We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.

  • We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
  • If you have money in your old account, we will transfer it to your new account on your switch date.
  • The service is free to use and you can choose and agree your switch date with us.
  • We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
  • If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.
  • If there are any issues in making the switch, we will contact you before your switch date.
FSCS Logo (Small) FSCS Logo (Large)

Your eligible deposits with Cumberland Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered.

Further information is available here or visit www.fscs.org.uk.