Merchant Machine

TSB Business Fees, Customer & App Reviews In 2025


By: Ian Wright | Last Updated: April 25, 2025

Is a TSB business account right for you?

Read real customer reviews below along with more information about the various banking services TSB offers to businesses.

TSB Customer Reviews

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TSB homepage

TSB Reviews From Other Websites

TSB Trustpilot Reviews

Review Score (out of 5) Percent 5-Star Reviews Percent 1-star Reviews Total Number of Reviews
4.20 56% 27% 21,942

Source: https://www.trustpilot.com/review/tsb.co.uk

TSB iPhone & Android App Reviews

App Type Review Score (out out 5) Total Number of Reviews
iPhone 4.80 457,400
Android 4.40 197,000

Source:

https://apps.apple.com/gb/app/tsb-mobile-banking/id1160720878
https://play.google.com/store/apps/details?id=uk.co.tsb.newmobilebank&hl=en_GB

TSB Basics

Bank Type High Street
FSCS Protection Yes, up to £85,000
Branch Locations UK-wide
Card Type Mastercard
FCA Number 191240
Online Banking Yes
Mobile Banking Yes
In Person/Branch Banking Yes

Customer Support Options

Phone Support Available Yes
Email Support Available Yes
Support Via Their App Yes
Web Based Support Yes
In person Customer Support Yes

TSB Business Account Types

Business Current Account Yes
Business Savings Account Yes
Business Credit Card Yes
Business Overdraft Yes
Accounts For Startups Yes
Accounts For Charities No
Accounts For Sole Traders Yes
Joint Business Accounts Available Yes

Opening A TSB Business Account

Can You Apply Online? Yes
How Long Does Opening An
Account Typically Take?
10 Working days
Do They Check Your Credit? Yes
Current Account Switch Service Yes

Click to open a TSB Business Account

TSB Business Savings

Types of Business Savings Accounts Instant Access, Fixed Bonds
Lowest Savings Rate (AER) 1.35%
Maximum Savings Rate (AER) 4.30%
Minimum Savings Amount £1

Please note these numbers were accurate at the time of publication, but may have since changed. Click to here to see current TSB rates

TSB Fees & Charges

Free Business Bank Account Yes
Free Business Account Term Length 30 Months
Cheapest Monthly Account Fee £5
Most Expensive Monthly Account Fee £40
Electronic Payment Cost (in/out) Free
Cash Payments Cost (in/out) 70p per £100
Cheques in/out 70p
CHAPS Payments Cost £30
SEPA Payments Cost £2

TSB Foreign Currency Accounts

US Dollar (USD) Bank Account Yes
Euro (EUR) Bank Account Yes
Interest Paid On Foreign Currencies Yes

Other Currencies Available:

  • Euros
  • US Dollars
  • Canadian Dollars
  • Australian Dollars
  • New Zealand Dollars
  • Swiss Francs
  • Japanese Yen
  • Chinese Yuan
  • Singapore Dollars
  • Hong Kong Dollars
  • Danish Kroner
  • Norwegian Kroner
  • Swedish Kroner
  • Czech Koruna
  • Hungarian Forint
  • Polish Zloty
  • Romanian Leu
  • Bulgarian Lev
  • Croatian Kuna
  • Turkish Lira
  • Israeli Shekel
  • South African Rand
  • Mexican Peso
  • Argentinian Peso
  • Brazilian Real

Other TSB Business Services

Business Loans Yes
Commercial Mortgages Yes
Invoice Financing Yes
International Payments Yes
Merchant Services Yes
Card Machines Yes
Free Accounting Software No

Click to visit the TSB website

For other business bank accounts see out guide here.

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