Our Business Account Credit Add-ons.

Ready to kick in when you need it most. 

We’ve designed our unique set of credit products to make sure we can provide the kind of support you or your business needs.

As a responsible lender we’ll need to make sure you meet our eligibility criteria before you can add these onto your Cashplus Account, but don’t worry, as soon as you’re eligible we’ll let you know. Please remember: Late repayments on credit products could cause you serious money problems. If you need assistance, please visit the Money Advice Service

 

Business Cash Advance

A flexible alternative to a business loan 
No two businesses are the same, and no two working days are the same. The Business Cash Advance helps your cashflow and protects your growth – and is designed with just that in mind.

Payments that work in line with your business
You’ll pay the advance through a small percentage of your customer card transactions, so payments work perfectly in line with your cash flow. That means if sales slow down, your payments will too.

Straightforward costs
There are no complicated APRs. Repayments are only ever taken as an agreed percentage of your future card sales, so there’s no fixed monthly payments.

For more details, see our Business Cash Advance FAQs

 



Business overdraft

Preparing your business for the unexpected.

The Cashplus business overdraft is your regular safety net – have up to £2,000 ready to kick in when you need it.

Once you're eligible, it’s as simple as a few taps in the app (or clicks in Online Banking) to apply for an overdraft. Whether it’s covering the occasional bill or stretching for some necessary maintenance, use your overdraft when you need and repay it back by the payment due date (you'll find this in the overdraft statement you receive in your Online banking inbox).

Representative APR 69.9% (variable)

Based on an arranged overdraft limit of £500 and an interest rate of 57.07% a year (variable)

Check out our overdraft page for more details. 

Debit Protect

Direct Debits paid on time - even when you're short.

Running a business can be pretty time-consuming.  And sometimes that means things, like paying into your account to cover that office bill, just get forgotten.

So that you can stay clear of those rejected payment fees that a small business can really do without, we’ve designed our Debit Protect service to provide you with some extra cover.

If we can see that you’ve got a Direct Debit due out of your account and not enough funds to cover it, we’ll get in touch before it’s due to let you know. And if you’re eligible we’ll offer to lend you the exact amount of the Direct Debit and guarantee it’ll get paid on time for you. 

Representative Example: Amount of credit: £69.46 for 12 days, Total amount Payable £76.63, Interest rate: 292%, Representative 1877% APR.

Creditbuilder

Your route to a better credit score.

Maybe you’ve let a few defaults make their way onto your report, or you’re new to UK and want to show you’re a responsible borrower but don’t have the history yet.

We designed Creditbuilder to help people just like you.

It could help improve your rating
All you pay is the cost of your normal monthly account fee which we turn into a loan agreement, with no money changing hands. 

No credit checks
Add creditbuilder to your account, with no interest charged

Build your credit history
We report this agreement to the Credit Reference Agencies as successful loan repayments

Representative Example: Amount lent by APS: £71.40 for 12 months, 0% interest. 12 monthly payment of £5.95. Total amount payable: £71.40. Representative 0% APR.

Important: 

  • Payments must be made on time to avoid damaging your credit rating, as we’re obliged to report this information to the Credit Reference Agencies. 
  • Creditbuilder is only available to customers who have a monthly fee on their Cashplus Bank Account (like the Activeplus account)
  • For more information on how Creditbuilder works and signing up, view our Creditbuilder page.


Overdraft

Your flexible safety net. 

Rest assured your card won’t be declined at a crucial moment.

By adding our overdraft to your Cashplus Account you’ll have a reusable line of credit available to use, in case your own money runs out. Once you set up your overdraft via your Cashplus Bank App or Online Banking, it’s yours to use on whatever you choose. Withdraw cash, cover bills – dip into it when you need to and simply deposit into your account to repay it. We'll let you know as soon as you're eligible. 

Representative APR 69.9% (variable)

Based on an arranged overdraft limit of £100 and an interest rate of 57.07% a year (variable)



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Apply via Online banking or Cashplus banking app

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Withdraw cash, cover Direct Debit and Standing Order or and make purchases

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Interest only charged on daily balances over £5

Debit Protect

Direct Debits paid on time - even when you're short

We’ve all been there – you’ve got a Direct Debit due out of your account but not enough funds to cover it and you’re left with a rejected payment fee. It’s pretty frustrating.

We don’t want you to get hit with unnecessary fees, so we’ve designed a pretty unique service that you can add onto your account.

If we can see that you’ve got a payment due and not enough funds in your account to cover it:

1. We’ll send you an alert letting you know that you’re short before your payment’s due

2. As long as you meet our eligibility criteria, we’ll offer to lend you the exact amount of the Direct Debit and get it paid on time for you. That leaves you to a bit more breathing room to pay us back when you can.

Representative Example: Amount of credit: £69.46 for 12 days, Total amount Payable £76.63, Interest rate: 292%, Representative 1877% APR.

What next?

If you’re an existing Cashplus customer and have opted into receiving marketing communications, we’ll let you know as soon as you’re eligible for one of our bank account extras via email, Online Banking message or Push Notification/SMS. 

Worried you’ve missed a notice? No problem – just login to Online Banking or the Bank App. Your eligible products will display on your Account Overview screen, or you can visit the Bank account extras section.

If you’ve opted out of receiving marketing communications, you won’t be sent any communications about products you may be eligible for.

If you’re after some more information on any of our products, check out our help centre.

Terms and Conditions apply, including applicants being resident in the UK & aged 18+ and, if relevant, businesses being based in the UK.

For full website terms including information on Cashplus Bank, Mastercard and use of Trademarks, please see our full legal disclosures at https://www.cashplus.com/legal/.

Advanced Payment Solutions Limited (APS), trading as Cashplus Bank, is registered in England and Wales at 6th Floor, One London Wall, London EC2Y 5EB (No.04947027). APS is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Firm Reference Number 671140.

APS provides credit facilities subject to approval and affordability, and where accounts continue to meet APS credit criteria.

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