“Our partnership with Square means that our customers can manage their finances more easily and better serve their own customers. “We know that managing finances is often one of the key challenges for our business customers,” said TSB’s Business Banking Director Catherine Douglas via the same release. “This partnership will allow us to provide those businesses with access to the credit and debit card economy, often for the first time, so that they can accept any way their customers want to pay.”Īs part of the partnership, TSB small business owners will be offered promotional rates along with a free Square POS terminal, while business banking customers will receive a free Square card reader for in-person payments – as well as no processing fees on qualifying transactions. “We are excited to work with TSB and connect with the small and medium-sized businesses in their network,” said Alyssa Henry, seller lead at Square, in the same release. So, it’s a win for both parties, according to the press release. And not only is this a potential profit increase for both brands to serve this market segment, the same study also reveals businesses that begin accepting card payments have seen a profit increase of up to 25% (on average). Research by Square reveals (shockingly) that three million SMEs in the UK are still underserved as they are not currently equipped to take credit cards. One of the main motivators is the ability to capture untapped revenue. (Please note that due to the schemes' eligibility criteria not all TSB business customers will be covered by these schemes).UK-based TSB Bank and payments innovator Square have announced a collaboration targeting TSB’s business banking customers across the country. TSB Bank plc is covered by the Financial Services Compensation Scheme and the Financial Ombudsman Service. Read more about our lending commitments to you (PDF, 400KB). TSB adheres to The Standards of Lending Practice for business customers which are monitored and enforced by the Lending Standards Board. SC95237.Īuthorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 191240. Registered Office: Henry Duncan House, 120 George Street, Edinburgh, EH2 4LH. We offer a range of banking products such as Online Banking, Current Accounts, Mortgages, Personal Loans, Credit Cards and Home Insurance. Not all telephone banking services are available 24/7. Your Business Banking Call Centre is available from 8am to 6pm Monday to Friday and 9am to 2pm Saturday (excluding UK public holidays).Ĭalls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service. If you have a hearing or speech impairment you can contact us using Text Relay or Textphone on 03 (lines are open 8am – 6pm Monday to Friday, 9am – 2pm Saturdays). If you’d like this in another format such as large print, Braille or audio please ask in branch. Once your access is all set up, we’ll drop you an email to let you know, so make sure we have your up-to-date email address. Sign the form, collect other required signatures and send back to us:.Fill out the form with the details requested.Download, print and complete the PDF delegate registration form below. View the business accounts that you’ve been given access toįor this type of access our online process isn’t available right now so you’ll need to do the following 3 steps:.You may therefore wish to read their Adobe Terms of Use and Consumer Disclosure before using the following link(s).Ĭhoose this if you’re not one of the people named on the bank mandate but need to do things like check balances and make payments. Please be aware that Adobe are a separate data controller from TSB, and any personal data you provide will be sent to Adobe and processed in accordance with their terms and conditions of service. We have chosen Adobe to support us with our digital processes by using their ‘Adobe Sign’ software. Download statements into a financial software packageįor this type of access, you can apply for Internet Banking registration by completing the online Service registration form.Set up, amend and cancel most standing orders.Set different levels of access for each of your internet banking users.Authenticate transactions using our secure Business Banking Authentication App.You’ll usually be one of the directors of the company – but not always. You’ll want to choose this if you’re one of the main people in the business, named on the bank mandate.
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