Clydesdale and Yorkshire bank owner CYBG has increased its business banking fees to remain “competitive” just weeks after missing out on a share of a £425m RBS competition fund.
CYBG was snubbed in favour of three challenger banks, Metro, Starling and ClearBank last month despite investing heavily in its bid.
Read more: Three challenger banks win £280m from RBS competition fund
After missing out the bank said it was still committed to growing its SME business and developing its capabilities.