---
title: Bank Charges or Credit Card interest
description: "![Debit Card 320x213](https://tax.malgrabooks.co.uk/wp-content/uploads/2017/09/debit-card-320x213.jpg)You can claim for any bank charges where the business incurs them. These could include: - Bank charges (e.g. bounced direct debits) - Slimming World Bank Charges (e.g. bounced direct debits) - Charges for using Credit Card instead…"
url: "https://malgrabooks.co.uk/docs/bank-charges-credit-card-interest/"
updated: "2026-02-18"
category: Expenses
---

# Bank Charges or Credit Card interest

![Debit Card 320x213](https://tax.malgrabooks.co.uk/wp-content/uploads/2017/09/debit-card-320x213.jpg)You can claim for any bank charges where the business incurs them.

These could include:

- Bank charges (e.g. bounced direct debits)
- Slimming World Bank Charges (e.g. bounced direct debits)
- Charges for using Credit Card instead of Debit Card (e.g. some providers charge a % for using a credit card)\*
- Overdraft and credit card charges / annual fees\*
- Interest on bank loans, overdrafts, credit cards\*
- Hire purchase interest (lease cars or vans for business purposes)
- Charges by Credit Card processors for running your business [(See the EFT Article for more information)](https://tax.malgrabooks.co.uk/knowledge-base/card-payment-machine-charges-eft)

Limits may be imposed on these charges - you can find out more in [document HS222 available from HMRC](https://www.gov.uk/government/publications/how-to-calculate-your-taxable-profits-hs222-self-assessment-helpsheet).

# Important - Business Accounts

It is very important to be able to distinguish the different between a Personal Transaction and a Business Transaction. Having all income/outgoings for your business and your personal life can cause confusion, and makes your tax responsibilities even more important.

It is highlight recommended to setup a separate Business Bank Account for the purpose of running your business. This will allow you to understand if your business is making a profit, and see which charges and incomes are related to your incoming business.

You can view a [number of fee-free business bank accounts in our guide](https://malgrabooks.co.uk/features/fee-free-business-bank-account/), along with suggested providers.