Banking Services from

Why Cater Allen Private Banking? - member of The Abbey National Group
 

The charge of the High Street Clearing Banks

What lurks behind many introductory offers for business banking... and why are increasing numbers of organisations moving their bank accounts from the high street to a more business-friendly environment?

The most significant charges levied on business current accounts by "high street" banks are the standing account charge and the charge for paying in cheques. In other words, the banks make businesses pay for the "privilege" of having a current account open (which is something that left the personal account marketplace years ago) and then they charge for paying money into an account. To rub salt in the wound, they generally pay no interest on balances in credit.

To attract new business customers, banks frequently reduce or waive their charges for the first 12, 18 or 24 months. However, once the promotional period is over, the charges kick in and can quickly mount up... which is hardly surprising when their standing account charge can be as much as £40 a year and the charge for paying in cheques is often around 60 pence each.

Unlike many of the "high street" banks, Cater Allen Private Banking doesn't discriminate against businesses. From the outset they offer:

Free banking for up to 150 transactions each quarter through the Corporate High Interest Account and 20 transactions per month for the Business Reserve Cheque Account the most suitable accounts for the small-to-medium size business and organisations.
 

Attractive, tiered rates of interest on all credit balances in both the Business Reserve Cheque Account and the Corporate High Interest Cheque Account.
 

This combination of charge-free banking with attractive interest paid on balances in credit has struck a chord with decision-makers in businesses of all shapes and sizes.

The facilities, service and interest rates offered by these Accounts might appear to be reason enough.  There are, however, other reasons to make the switch:

Founded in 1816, Cater Allen is one of the UK’s leading investment banking, corporate finance and investment management groups.

About Cater Allen Private Banking

The facilities, service and interest rates offered by the two cheque accounts might appear to be reason enough.  There are, however, other reasons to make the switch:

Founded in 1816, Cater Allen are one of the UK’s leading investment banking, corporate finance and investment management groups.

Cater Allen Private Banking are committed to provide you with a modern, efficient, competitive service and to treat you as a valued client.

Cater Allen Private Bank trace their long and respected financial history back to 1816.  In almost 200 years of service, they have built an enviable reputation for innovative thinking coupled with traditional service values... and they take pride in the highly professional and friendly banking service they provide to individuals, businesses and other organisations.

Since 1997 Cater Allen has been a member of the Abbey National Group, one of the UK's strongest banks. This brings a major benefit to Cater Allen's clients because all deposits are fully and unconditionally guaranteed by Abbey National plc.

In 2001 their operations were considerably enhanced by the acquisition of Fleming Premier Banking, a highly-respected telephone banking business.

Their Aim
Their aim is to provide superior quality banking services for individuals, businesses and other organisations - such as pension funds, trusts and charities - and they do this through a comprehensive range of banking services, with the accent on easy access, free banking and competitive interest rates.

Service matters
Everyone wants something different from their bank. That's why they offer a broad range of services to suit a variety of individual needs - for personal or business use, for your everyday money and for your medium and longer-term savings needs.
 

• they offer telephone banking, with real people you can speak to - not automated responses. Calls to the friendly and knowledgeable banking advisers are free of charge within the UK. You can check your balance, make transfers between accounts, pay bills and set up direct debits or standing order-
• All enquiries and requests are answered by banking advisers whose role is to ensure that your account is run smoothly. This means you can be in constant touch with your day-to-day finances, which is an important advantage if you have a busy lifestyle and your leisure time is at a premium.
• If you want to write to them with any questions about your account, pay in a cheque or request a withdrawal from a non-chequebook savings account, simply use one of the free postage-paid envelopes they provide.
• If you have a VISA Gold Card with them, it's important to remember that, unlike many other banks, we let you make charge-free cash withdrawals with your card from any cash machine in the UK displaying the VISA sign. There are more than 20,000 VISA cash machines in the UK - and around 700,000  worldwide - so you gain access to currency whenever you go abroad on business or on holiday.

Free telephone banking, person-to-person, 7am to 11pm

Flemings Banking pioneered telephone banking in the early 1980s and led the way in introducing a high interest current account

With the free telephone banking facility you can benefit from a fast-response, efficient and friendly service. This means you can be in constant touch with your day-to-day finances, which is an important advantage if you have a busy lifestyle and leisure time is at a premium.

The telephone banking service is available from 7am to 11pm, 7 days a week, 52 weeks a year. When you call, you will speak to an experienced banking advisor who have the time and knowledge to carry out your instructions or answer any questions you may have about your account.

Free automated telephone banking, all day, every day

ServiceLine is available to you free, 24 hours a day, 7 days a week, 52 weeks a year. This facility gives you automated, secure and rapid access to information about your bank account with us, via a touch-tone telephone.

• Set up standing orders
• Set up direct debits
• Set up a bill payment service
• Check your account balance
• Change your address
• Order a new cheque book
• Order a new paying-in book
• Transfer funds between Fleming Premier Banking accounts
• Order an account statement
• Order tax certificates
• Order a copy of cheques*
• Stop a cheque*

*Subject to charge as itemised in the “Charges for Banking Services” leaflet (available on request)

Free postage-paid envelopes

If you want to write in with any questions about your account or pay in a cheque, simply use one of the free postage-paid envelopes we provide.
 

– interest applied quarterly. Interest is paid at 0.5% gross on the first £500 if balance is below £5,000
 

• * AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year.
   
• Gross rate = before deduction of income tax at the lower rate of 20%. Interest is paid net of tax to UK residents, being the gross rate applicable less income tax at the lower rate of 20%.
   
• Interest is paid gross to overseas residents and non tax paying UK residents on completion of the appropriate declaration forms. Interest is also paid gross to companies, pension funds, charities, solicitors and some trusts.
   
• Interest on the above accounts is credited monthly on the first working day of each month with the exception of term accounts where it is credited on maturity. Interest rates are variable. Rates shown are correct at the dates shown for each account.