Barclays Plc announced that it would offer Barclays Collect' for business customers and corporate clients and the service is expected to help companies to save time because door-step services would be provided. The new service offers customers a security vehicle to transport their deposits and allows them to book a collection time online from either their mobile or desktop. For each single cash collection of GBP 5,000 and above, the service will be free, while a charge of GBP 7.50 plus VAT would be implemented for collections between GBP 2,500 and GBP 4,999.99.

Below GBP 2,500, there will be a charge of GBP 15 plus VAT per collection. Traditionally small businesses have had to take precious time out of their working day to travel to a branch and make their cash deposits. The new Barclays Collect service is a solution that will enable customers to book a collection quickly and securely, providing businesses with a simple and convenient service that works around them.