This guide breaks down the costs associated with your Teya Business Account and explains the transaction limits in place to keep your money safe. You can also learn how to manage permissions for individual cards to stay in control of your spending.
Fees
Below is a full breakdown of the fees that apply to your Teya Business Account.
| Operation | Price |
|---|---|
| Opening & maintaining account | Free |
| Funds transfers | Free |
| Direct Debits | Free |
| Physical & Virtual Cards | Free |
| ATM withdrawals | Up to 30 free per month (then £0.50 per withdrawal) |
| Cash deposits | £2 per deposit |
Account limits
To protect your funds, we apply specific limits on certain actions, such as transfers and withdrawals.
These limits are based on your expected annual sales turnover with Teya (the total sales you process through your Teya Account). We aim to keep these limits flexible enough that they do not interrupt your daily business operations.
| Action | Single limit | Daily limit | Monthly limit |
|---|---|---|---|
| Money transfers | £16,000 | £20,000 | £60,000 |
| Card payments (in person) | £5,000 | £10,000 | |
| Online card payments | £3,500 | £8,000 | |
| ATM withdrawals | £400 | ||
| Cash deposits | £300 | £1,200 | £2,000 |
| Action | Single limit | Daily limit | Monthly limit |
|---|---|---|---|
| Money transfers | £24,000 | £30,000 | £90,000 |
| Card payments (in person) | £7,500 | £15,000 | |
| Online card payments | £5,250 | £12,000 | |
| ATM withdrawals | £400 | ||
| Cash deposits | £300 | £1,200 | £2,000 |
| Action | Single limit | Daily limit | Monthly limit |
|---|---|---|---|
| Money transfers | £40,000 | £50,000 | £150,000 |
| Card payments (in person) | £12,500 | £25,000 | |
| Online card payments | £8,750 | £20,000 | |
| ATM withdrawals | £400 | ||
| Cash deposits | £300 | £1,200 | £2,000 |
How to view your limits in the Teya App
You can check your specific limits directly in the Teya app at any time:
- Open the Teya app.
- Go to Transfers.
- Select a recipient.
- Tap View Limits.
Changing your limits
If your business needs change and you require higher limits, you can request an amendment. Contact Team Teya and we will review your eligibility.
Card controls
You can use card controls to decide how each Teya Business Account card can be used and to keep a closer eye on monthly spending.
You can turn the following card controls on or off for each individual card:
- Contactless payments, including supported digital wallets
- Online payments
- ATM withdrawals
How to change card controls in the Teya App
You can update card controls for each card directly in the Teya App:
- Open the Teya App and go to the Account section.
- Tap the Cards tab.
- Select the card you want to manage (physical or virtual).
- Tap Manage
- Under Card controls, use the toggles to turn on or off:
- Contactless payments (including supported digital wallets)
- Online payments
- ATM withdrawals
Changes apply immediately and only affect the selected card, not your whole account.