NatWest are ramping up their High Street business banking operations with the introduction of 500 new business managers across its branch network, along with a new account which waives charges on standard transactions for the first two years of a new startup’s operation.

This free business banking is, say the bank, in response to a survey which sites financial concerns as a block on going into business by 42% of budding entrepreneurs.

Red tape, regulation, and tax was also a major concern, and it’s hoped that the combination of fee-free banking and the back up of experienced in-branch managers will encourage more people to put their business ideas into action.

The new account also features a fee-free £500 overdraft + credit card for the first year of trading, along with a 24hr telephone support line.

This entry was posted on Tuesday, July 10th, 2007 at 10:44 am and is filed under Business Banking. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.