Barclays Business Current Account for small businesses
Barclays has launched a new Business Current Account for small and medium sized businesses (with turnover up to £5million) and is the first, and only, business bank account to reward customer loyalty.
The Loyalty Reward means that the longer a customer banks with Barclays and the more money they put through their account, the more of their bank charges they'll get back.
The Barclays Business current account has been designed using indepth customer research, into what they wanted from the business current account. It can be tailored to the customer's individual business, so they can spend less time on their banking and more time on the important things like growing their business.
In addition, to the Loyalty Reward, the new Business Current Account has simple, transparent pricing, so customers always know how much they have to pay. There are two Price Plan options available, depending on businesses' individual needs:
Mixed Payments Plan - designed for businesses that use cash, cheques or a range of ways to make and receive payments
e-Payments Plan - designed for businesses that receive electronic payments and make payments mainly through online banking and debit cards
Sue Hayes, Managing Director of Barclays Business banking, said: "At Barclays we recognise how important meaningful relationships and rewarding loyalty is to our customers. It is something we haven't always embraced but we are certainly committed to delivering it now with the launch of our unique Business Current Account.
"Barclays is the first and only bank to reward small businesses for their loyalty, ensuring that in the same way SMEs reward customer loyalty, their bank does too. It's our way of showing our appreciation to business customers for choosing to bank with us, and we look forward to supporting them and their business in the years to come."
Business customers can choose the Price Plan that best fits their business, and they'll also benefit from the Price Plan Guarantee. This is a yearly review that ensures customers are on the plan that offers them the best deal. This means business customers have to spend less time worrying about their banking, and can dedicate more time to driving business growth.
The new Business Current Account also provides customers with a Service Guarantee. This is a promise that Barclays Business Telephone Banking Team will aim to resolve queries straight away, and if they can't, they'll provide a named contact who will take personal responsibility for resolving the query.
Barclays Business Current Account is a one stop shop that provides small businesses with innovative tools such as:
Barclays Pingit for business- thousands of small businesses are benefiting from faster payments by using Barclays Pingit, which allows businesses to easily make and receive payments in a matter of seconds via a mobile phone number.
Our mobile banking app (BMB) - giving customers access to their online banking wherever they are.
Barclays Connector - a free online community, created by Barclays, that helps businesses create new networks, share information and experiences, bid for work, boost a company's reputation and find new customers and suppliers.
Barclays CreditFocus - allows customers to check the credit history of their customers and help them to avoid those who are notorious for not paying on time.
ThriveOnline - a one-day interactive and practical workshop, designed to help you use cost-effective online marketing tools to establish your business presence online, attract customers to your website, and ultimately grow your business.
New Start-Up customers will continue to benefit from up to 18 months of Free Banking (depending on the Products taken), following which they will move to the Mixed Payments Plan or, if they prefer, the e-Payments Plan.
Barclays Business Current Account is available to all businesses by visiting barclays.co.uk/businessshapedbanking or speaking to a Barclays Business Manager.