Pricing
Everything we pay, everything we charge and every rate we convert at. If it is not on this page, it does not exist.
Last updated 1 January 2020.
Savings
What we pay you
Interest is paid monthly and starts earning on the day the money arrives.
| Account | Interest rate | Balance from |
|---|---|---|
| Business CurrentBUSINESS_CURRENT | 2.75% AER | Balance from £250,000.00 |
| Everyday CurrentEVERYDAY_CURRENT | 3% AER | Balance from £0.00 |
| Reliance SaverRELIANCE_SAVER | 5% AER | Balance from £100,000.00 |
| Student CurrentSTUDENT_CURRENT | 2.5% AER | Balance from £0.00 |
Rates are variable and paid monthly. Effective from 1 January 2020. AER stands for Annual Equivalent Rate and shows what the interest would be if it were paid and compounded once a year.
Borrowing
What an overdraft costs
Charged only on the days you are overdrawn, and only on the amount you are overdrawn by.
| Account | Arranged overdraft EAR |
|---|---|
| Business CurrentBUSINESS_CURRENT | 12.9% |
| Everyday CurrentEVERYDAY_CURRENT | 39.9% |
| Student CurrentSTUDENT_CURRENT | 0% |
Effective from 1 January 2020. EAR stands for Equivalent Annual Rate and shows what an arranged overdraft costs over a year if you stayed in it, with interest charged on interest. Your own limit depends on your circumstances and is quoted before you agree to it.
Charges
Every fee we can charge
Six lines. Most accounts never meet any of them.
| What it is for | Charge | Free each month |
|---|---|---|
| Monthly account feeWaived on BUSINESS_PLUS accounts | Charge £9.50 | None |
| Cash withdrawal in the UK | Charge £1.00 | First 10 |
| Cash withdrawal abroad | Charge £2.50 | None |
| Transfer to a UK accountWaived on BUSINESS_PLUS accounts | Charge £0.25 | First 200 |
| International transfer | Charge £15.00 | None |
| Currency conversion | No charge | Always free |
| Company debit card | Charge £5.00 | First 2 |
| Replacement company card | Charge £7.50 | None |
| Payment returned unpaid | Charge £15.00 | None |
| Going overdrawn without an arrangement | Charge £25.00 | None |
| Late repayment of a facility | Charge £25.00 | None |
| Paper copy of a statement | Charge £5.00 | First 2 |
| Closing your account | No charge | Always free |
This is the complete list. Anything not on it is not charged for.
Foreign exchange
Today’s rates
Card payments abroad convert at the network rate with no mark-up. Held balances convert at the rate below.
| Currency | Our rate | Spread | Change on the day |
|---|---|---|---|
| GBP/USD1 GBP buys | 1.27708619 | 0.3% | +0.09% stronger |
| GBP/EUR1 GBP buys | 1.16853734 | 0.3% | −0.14% weaker |
| GBP/CHF1 GBP buys | 1.09755790 | 0.3% | +0.17% stronger |
| GBP/JPY1 GBP buys | 193.34903366 | 0.3% | +0.34% stronger |
| GBP/CAD1 GBP buys | 1.72160051 | 0.3% | +0.05% stronger |
| GBP/AUD1 GBP buys | 1.93441230 | 0.3% | −0.53% weaker |
| GBP/NZD1 GBP buys | 2.09564736 | 0.3% | +0.07% stronger |
| GBP/SEK1 GBP buys | 13.30358068 | 0.55% | +0.19% stronger |
| GBP/NOK1 GBP buys | 13.62851450 | 0.55% | −0.14% weaker |
| GBP/DKK1 GBP buys | 8.73924133 | 0.55% | −0.03% weaker |
| GBP/SGD1 GBP buys | 1.69190954 | 0.55% | −0.1% weaker |
| GBP/HKD1 GBP buys | 9.87696037 | 0.55% | −0.26% weaker |
| GBP/AED1 GBP buys | 4.69180930 | 0.7% | −0.07% weaker |
| GBP/SAR1 GBP buys | 4.80600925 | 0.7% | +0.23% stronger |
| GBP/ZAR1 GBP buys | 23.25391391 | 1.2% | −0.1% weaker |
| GBP/NGN1 GBP buys | 1991.53389583 | 1.2% | −0.01% weaker |
| GBP/GHS1 GBP buys | 15.56679381 | 1.2% | +0.34% stronger |
| GBP/KES1 GBP buys | 165.33142439 | 1.2% | +0.02% stronger |
| GBP/INR1 GBP buys | 107.27716352 | 1.2% | +0.14% stronger |
| GBP/CNY1 GBP buys | 9.06590308 | 0.55% | −0.04% weaker |
| GBP/BRL1 GBP buys | 7.00742083 | 1.2% | +0.18% stronger |
| GBP/MXN1 GBP buys | 22.19060958 | 1.2% | −0.09% weaker |
| GBP/KWD1 GBP buys | 0.39323104 | 0.7% | +0.42% stronger |
| GBP/BHD1 GBP buys | 0.48387567 | 0.7% | +0.41% stronger |
Rates are indicative and move through the day. The rate applied to a conversion is the one quoted at the moment you confirm it, and it is shown before you do. Board as at 12 September 2026.
Nothing here changes without notice
A rate reduction gets fourteen days’ notice; a new charge gets sixty. Both arrive by email and in the app.