mgsmith33 started this topic @ 17:44 on 28/09/2005
Hi All,
I've just been slapped with bank charges for the first time (18 mnth free banking is now over) and feel they are little hefty for my little business.
Free banking is what I want....
Anyone got any recommendations on Business Bank Accounts, I'm currently with Barclays but not for much longer I suspect.
Thanks in advance
Jason
www.toptopiary.co.uk
RE: Business Bank Accounts
sarahpatience | 28/09/2005 06:28 PM
I have an Abbey National account, free banking forever provided you stick within their limits, which for most small businesses are quite reasonable. The account is primarily for distance banking, you can only pay-in at the machine or by post and can't make transactions at the counter. This suits me fine but if you have a lot of cash transactions it might not suit you so well. Their online banking and telephone banking have been great so far too.
Hope this helps,
Sarah
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Saronyx Design
Web and Graphic Design Solutions
www.saronyxdesign.co.uk
RE: Business Bank Accounts
nikki | 29/09/2005 09:01 PM
I'm in the same position (just run out of my free banking period) and even though I have only a few transations I'm already looking at £15 per month in bank charges!!
I haven't done it myself yet but if you join the Federation of Small Business as a member you get free business banking for life from the Co-op bank. As a sole trader it costs around £100 per year but that will more than compensate for the bank charges and you get other benefits too.
Nikki
www.write4you.co.uk
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Now Let's Get Started
the webzine for small and start-up businesses
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RE: RE: Business Bank Accounts
rocket | 01/10/2005 10:08 AM
Alliance & Leicester are currently offering free banking to any businesses with a turnover under £1 million, but I *think* turnover has to be at least £100,000, don't know if this would be of any help?
Cheers
Sam
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If everything in life is a success, you aren't taking enough risks.