Business bank account

[hightower]

Looking at setting up a business bank account, any recommendations? HSBC look the best deal but anything to add anyone?

 

[Andy78]

I was with HSBC and was attracted by their free banking period. The per transaction fees after this period made me move to santander for their monthly fixed fee option which worked out about a third of the monthly cost of HSBC.

 

[hightower]

I like that with HSBC I can pay in at my local post office - but guessing HSBC aren't alone in this feature. Do santander offer that too as there isn't one hear me

 

[Andy78]

Yep, santander account holders can use post offices or simply postal deposit. My local branches have out of hours deposit facilities at their cash machines too.

 

[stevey1983]

I use santander too. No problems to report

 

[rolyberkin]

I went through the process of setting up a Ltd company yesterday, RBS are doing 24 months and apparently £50 cash back, this may be a referral offer from the formations company though? https://www.1stchoice-formations.co.uk/

 

[Dave OCD]

Santander for me too.

 

[billy10]

A thing to bare in mind, I spoke to my bank last week about paying in a cheque at the post office and they said I could but wouldn't advise it.

Basically whatever you choose, keep an eye on the charges for paying in cheque a & cash etc as some seem quite steep.

 

[Octopus]

I have a Lloyds account - purely because I can walk to the branch from home!

 

[PEG]

Always remember that the banks are all in the game,for the same reason. Managers,even if they do not "job share",have very little say over things,and kick it up the chain,to get decisions ok'd.

I have been with Williams and Glynns,RBS,Abbey/Santander,and now Natwest. All,much of a muchness,till Santander proved they were like a real bank...only with none of the security or service...

I have always run my business account through my personal account,and,on gaining a missus and joint account,through that.

I have NEVER been charged for any of my business banking,over what the standard personal account charges amount to.

Cheques in,out,drafts,loans and overdrafts,all run concurrent with my/our normal banking.

The Natwest pulled a face,concerning this,on inquiring a possible move from Santander,but in the end,they agreed,setting a five figure limit on the business through-put,which i will not be exceeding.

I find it hard to believe, that i am alone,in this arrangement,and find the banks general attitude to small businesses,akin to childhood,biblical stories,regarding the money-lenders.

...and how long have i been rowing cross-tide in the banking waters? ...well,my first account,with provision for borrowing and a cheque book,was with Williams and Glynns,at age 18,and i am 52 this year :goofy:

Me missus,has worked in the finance sector,all her life,and works for a large,independent FA. If you think the electrical industry is suffering an injection of Electrical Trainee and a dumbing down...you aint seen nowt :freak:

 

[Octopus]

Having a business account adds to your credibility - sure it may cost a few pounds a month - but it keeps all my business activities separate from our personal / joint account so its just easier!

 

[Electric Magic]

Co-op do 18 months for free and then quite low fees relative to some of the others after that...

 

[Leesparkykent]

Co-op do 18 months for free and then quite low fees relative to some of the others after that...

And no fee if your a FSB member.

 

[haj]

Santander for me no worries at all

 

[123]

I've a business account with Santander (transported over from Alliance and Leicester), no fees at all.