Berg Business Account Schedule of Fees

Fees and Charges applicable to all business accounts are effective from October 10th, 2022. 

Fees we charge for are based on the type of the pricing plan and account features you will select as a Berg business customer. Currently we have two pricing plans: Basic and Plus.

The detailed schedule of fees for both of these plans are listed below:

Basic plan: 

• GBP/EUR account for one user - free of charge 
• Every additional user - £5 per user per month
• Every additional GBP/EUR account - £3 per account per month
• One plastic debit card - free of charge
• Every additional card - one-off fee of £5 per card 
• One virtual debit card - free of charge 
• Every additional virtual debit card - £1 per card
• Foreign currency exchange rate - 0.75% of the converted amount 
• Domestic UK payments - £0.20 per every incoming/outgoing payment (Faster payments) 
• European payments - £0.30 per every incoming/outgoing payment (SEPA) 
• International payments - 5 free of charge payments 
• Every additional international payment outside of this allowance - £3 per payment 
• Cash withdrawals at ATM - free up to £200 per month (you can withdraw money for free twice a month within your free allowance of £200 - we will charge  £1 fixed fee per  
  transaction after. If you withdraw over £200 in one month a charge of 1.70% will apply 
  on top of this.) 
• For withdrawals in currencies other than GBP and EUR an exchange rate of 1.50% will 
  apply.    
• Ordering a replacement card - £5
• Card payment limit - £20,000
• Transfers between same currency accounts of the same business customer - £0.05 
• Incoming transactions on SWIFT network - £15 
• Outgoing transaction on SWIFT network - £15
• Non-sterling and non-euro debit card payments - 2% of the converted amount 
• Use of Berg Money internet banking (desktop and mobile) - free of charge 
• Minimum account balance requirement -  £100
• Monthly statements - free of charge

Plus plan: 

• We charge a subscription fee of £12 per month (paid in advance) for having this premium plan with us. We will deduct the subscription fee on or around the first day of each month. 
• GBP/EUR account for 3 users - free of charge 
• Every additional user - £5 per user per month
• Every additional GBP/EUR account - £3 per account per month 
• 3 plastic debit card - free of charge
• Every additional card - one-off fee of £5 per card 
• 3 virtual debit card - free of charge 
• Every additional virtual debit card - £1 per card
• Foreign currency exchange rate - 0.50% of the converted amount 
• Domestic UK payments - £0.20 per every incoming/outgoing payment (Faster payments) 
• European payments - £0.30 per every incoming/outgoing payment (SEPA) 
• International payments - 25 free of charge payments 
• Every additional international payment outside of this allowance - £3 per payment 
• Cash withdrawals at ATM - free up to £500 per month (you can withdraw money for free 
  twice a month within your free allowance of £500 - we will charge  £1 fixed fee per  
  transaction after. If you withdraw over £500 in one month a charge of 1.70% will apply 
  on top of this.) 
• For withdrawals in currencies other than GBP and EUR an exchange rate of 1.50% will 
  apply.    
• Non-sterling and non-euro debit card payments - 2% of the converted amount
• Ordering a replacement card - £5
• Card payment limit - £20,000
• Transfers between same currency accounts of the same business customer - £0.05
• Incoming transactions on SWIFT network - £15 
• Outgoing transaction on SWIFT network - £15
• Use of Berg Money internet banking (desktop and mobile) - free of charge 
• Minimum account balance requirement -  £100
• Monthly statements - free of charge

The following sections apply to both pricing plans listed above:

International transfers

Sending money outside the UK 
 

If you want to send money outside the UK, we will use the exchange rate, and charge you the fees, shown in your Online Banking before you make the payment. Please also note that your payee’s bank and other banks involved in processing the payment may charge additional fees for your payee to receive the payment. This means that the amount your payee receives may be less than the amount shown on the International Payments page in the App or Online Banking. We do not have any control over these additional charges.

Foreign currency conversion
 

For transfers between your Business Current Account and another Account denominated in a currency other than £ Sterling, we will use the exchange rate and charge you the fee shown on the relevant payment screen in the App or Online Banking.

Debit card payments in foreign currency
 

We will not charge a fee for making a payment in a foreign currency, however if you choose to make the payment in the foreign currency, the Mastercard exchange rates in force from time to time will apply. If you choose to make the payment in £ Sterling, the merchant will apply their own exchange rate and may apply their own fees.

Overseas cash withdrawals
 

We will not charge you a fee for withdrawing cash in foreign currency outside the UK. The Mastercard exchange rates will apply to any such withdrawal and you may also be charged a fee by the local ATM provider.

Please use Mastercard currency converter to estimate these fees:  
https://www.mastercard.us/en-us/personal/get-support/convert-currency.html