Pricing and fees

How we charge, in plain terms

Avenor Bank lists the charges it applies and describes how pricing is shown to you.

Fees and rates

What we charge, in GBP. These figures are read from the same settings the app charges by, so what is shown here is what happens.

Personal accountNo monthly fee
No fee to open, hold or close it.
Business account£6.00 a month
In another currency: $8.00 · €7.00 a month. Charged if the account has the money; an account is never overdrawn for a fee.
StatementsNo fee
Download any month as a PDF or a spreadsheet file.
CardsNo fee
Virtual and physical cards carry no fee of their own.

Between your own accountsNo fee
Instant, in the same currency.
To another bankNo fee
Standing orders and Direct Debits are free too.
International wire£25.00 per payment
Taken out of the amount you send, and shown on the quote before you agree. If it is paid in another currency, the exchange rate also includes a 1.00% margin over the market rate. A payment in the same currency as your account is quoted without an exchange.
Currency exchangeNo exchange fee
A 1.00% margin over the market rate, shown on the quote before you confirm.

Savings interest4.00% a year
Paid monthly on the daily balance. Fixed terms: 3 months 4.30%, 6 months 4.60%, 12 months 5.00%, 24 months 5.20%.
Arranged overdraft39.90% a year
Interest only on what you use, each day. No arrangement fee. Up to £1,000.
Personal loan6.99% to 19.99% a year
Fixed for the whole loan, depending on your credit. No fees; repay early at any time and pay the interest to that day. £500 to £25,000 over 6 to 60 months.

Dealing fee0.50% of the order
At least £1.00 per order. Shown before an order is sent.

You see the cost before you agree
An international payment shows the fee, the exchange rate and what the person receives before you confirm. A loan or overdraft shows its rate and total cost before you accept. Nothing is charged that was not shown.
Exchange rates include a stated margin
When you exchange or pay in another currency, the rate you are given includes our margin over the market rate, and the screen says how much that margin is.
Fees are listed on your statement
Every fee appears as its own line on your account and on your monthly statement, with the date it was charged.
Interest is explained, not hidden
Savings rates, the rate on a fixed-term deposit, and the daily interest on an overdraft are all shown as yearly rates, with how and when interest is paid or charged.

These are the charges we apply.