Clydesdale Bank is now part of a group with Virgin Money and Yorkshire Bank. Since 2021, they started to operate under the Virgin Money brand for their banking operations and have undergone a process of moving their customers over to them and rebranding all their services and consolidating their branch network.
Clydesdale Bank Business Banking Services
Current account
Now provided by Virgin Money.
Savings account
Now provided by Virgin Money.
Overdrafts
An unsecured overdraft of up to £25,000 is available for business customers, charged at 9% representative EAR. There’s a 2.5% establishment fee (minimum of £120). Terms are agreed for up to 12 months.
Business finance and loans
They offer business loans that provide borrowing from £25,000 to £10 million. Repayment terms up to 15 years, and interest rates can be fixed or variable. A Clydesdale Bank business credit card is also available, with interest rates of representative 22.4% APR (variable). Customers get up to 59 days’ interest-free credit on purchases.
More on Clydesdale Bank Business Loans & Finance
Reviews and ratings
Trustpilot reviewers are mainly unhappy with the unreliability of Clydesdale Bank’s online banking and app. Some struggle to make basic updates and changes to their account. Other customers are complaining about Virgin Money and the difficulties they had since they took over. There are no live reviews on Reviews.co.uk.
Most Smart Money People reviewers think the service is good overall and the bank has helpful staff.
Trustpilot 1.4/5 (based on 236 reviews)
Reviews.co.uk No reviews
Smart Money People 3/5 (based on 7 reviews)
Which? Not included
Pros
- Offers a consolidated service with Virgin Money and Yorkshire Bank.
- Good choice of loans and financial products.
Cons
- No longer provide bank account services.
- Reviewing customers don’t seem impressed with online and mobile banking.
- Ranked fairly low in independent service quality survey.
Website: Clydesdale Bank Business Banking