West London Business member BFC Bank is the latest bank to launch in the UK. BFC Bank provides reliable, safe banking services for Small to Medium-sized Enterprises (SMEs). International payments, multi-currency accounts and foreign exchange (FX) are BFC Bank’s core competencies.
Approach to SMEs
BFC Bank is not another so-called ‘Challenger Bank’, it definitely challenges perceptions about how banking for SMEs should look, but it is not new. It has entered the market to specifically service the SME segment, which accounts for 60% of UK companies. BFC Bank is part of an established Group with a proud 100-year history.
“We help small businesses find ways to solve problems. We’re a small business ourselves – we think like they do, and in many ways, we are one of them. We’re not one of those businesses that just talks about putting the customers first. We employ people who are creative and driven to find solutions for customers as if it were their own business.” explained David Price, CEO, BFC Bank.
BFC Bank’s international payment and multi-currency cash management services complements an SME’s existing bank arrangements. SMEs enjoy an online service and support from experienced relationship managers and expert payment teams.
Fixed Term Deposits Account launch
To celebrate their launch BFC Bank are offering a Fixed Term Deposits Account with attractive rates.
This offer is open to Small to Medium–sized Enterprises (SMEs) with an annual turnover of £5 million to £50 million and also to Payment Service Providers (PSPs).
With BFC Bank’s simple application process, you may open deposit accounts for fixed term periods of 6 or 12 months.
- 6 Months Fixed Rate 1.1% per annum, payable at maturity
- 12 Months Fixed Rate 1.5% per annum, payable at maturity
Interest rates are fixed with interest paid at the maturity of the deposit. You may not withdraw funds during the term of the deposit or terminate it early.
Deposit amount per client: Minimum £50,000 l Maximum £1,000,000.
Find out more at www.bfcbank.co.uk