Transactional Banking
Transaction Banking UK provides local servicing of ABN AMRO Group linked clients, including NL-based Corporate and Commercial Banking clients as well as clients of Asset Based Finance, Clearing and CIB in the UK.
Our key product offering is cash management, which includes access to GBP clearing and Faster Payments, CHAPS, BACS (through HSBC), current accounts across multiple currencies, cash pooling and target balancing arrangement, credit cards and foreign exchange services. In addition, for key clients the desk also offers lending facilities including overdrafts, term loans and trade finance products.
Product Offering
Currency accounts (GBP, Euro, USD, etc)
Reporting (paper or via SWIFT)
Electronic Banking (e.g. Access Online and BACSTEL-IP)
Clearing partnership with HSBC (BACS & CHAPS and for cash & cheques)
Local and cross-border Cash Pooling structures including target balancing
Fixed Term Deposits
Foreign Exchange including Spot and STP FX
Lending facilities including Term Loans and Overdrafts
Service offering
Local client support unit; experienced and knowledgeable professionals
Single point of contact during implementation (Account opening & compliance)
Dutch speaking staff available
Competitive pricing
ABN AMRO Bank N.V. is authorised by the European Central Bank, and regulated by the European Central Bank, the Dutch Central Bank (De Nederlandsche Bank N.V.) and the Authority for Financial Markets (Autoriteit Financiële Markten) in the Netherlands.
ABN AMRO Bank N.V., UK Branch is authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the extent of our regulation by the Prudential Regulation Authority are available from us on request
Registered Office at Companies House, Cardiff, no. BR014612. VAT no. 927451807.
Rates
See our interest rates for our Corporate Banking Clients.
Overdraft Base Interest Rates
Below you can find the most relevant base interest rates for the products offered by ABN AMRO for our corporate banking clients in the United Kingdom.
Facility Base Interest Rate for GBP UK Overdrafts | Date | Rate |
|---|---|---|
Bank of England Base Rate | 01/08/2025 | 4.25% |
Market Surcharge | 01/08/2025 | 0.35% |
Facility Base Interest Rate for USD UK Overdrafts | Date | Rate |
|---|---|---|
1 Month TERM SOFR | 01/08/2025 | 4.35118% |
Market Surcharge | 01/08/2025 | 0.50% |
Explanation of the above rates
The use of GBP LIBOR and USD LIBOR as interest rate benchmarks have been phased out across the financial markets. As a result, we are no longer able to offer new sterling or dollar LIBOR-linked deals. Those Transaction Banking Hub UK clients with existing sterling LIBOR-linked products have been contacted and moved to the new reference rate – the Bank of England base rate.Those Transaction Banking Hub UK clients with existing US dollar LIBOR-linked products have been contacted and moved to the new reference rate – 1 month TERM SOFR.
Bank of England Base Rate
The Bank of England Rate (BoE rate) is the official bank rate in the UK that the Bank of England charges banks and financial institutions for loans with a maturity of 1 day. It is the British Government's key interest rate for enacting monetary policy. This rate would be used in calculation of the Facility Interest Rate with effect from the last day of each calendar month.
1 month TERM SOFR
This rate will provide an indication of the 1 month forward looking measurement of overnight SOFR based on market expectations implied from derivative markets. This rate will be used in the calculation of the Facility Interest Rate with effect from the last day of each calendar month.
Market Surcharge
Market Surcharge means the percentage as published from time to time to reflect developments in the financial markets (consisting, without limitation, of the money market, capital markets and savings markets.) The Bank may change the Market Surcharge if it considers this is justified in relation to developments in the financial markets.
Each of the rates mentioned on this page (the “ABN AMRO Rates”) is a proprietary internal rate of ABN AMRO Bank N.V. and its subsidiaries and may not be used by any third person or entity without ABN AMRO Bank N.V.’s prior written approval. In particular, ABN AMRO Bank N.V. expressly prohibits the use of, and reliance upon, each of the ABN AMRO Rates as a benchmark for the purposes of Regulation (EU) 2016/1011 (the Benchmarks Regulation) (or any successor thereof).
The ABN AMRO Rates may not be used, or relied upon, as an index (or a constituent part thereof) by reference to which an amount payable under a financial instrument or a financial contract, or the value of a financial instrument, is determined, or as an index (or a constituent part thereof) that is used to measure the performance of an investment fund with the purpose of tracking the return of such index or of defining the asset allocation of a portfolio or of computing the performance fees.