Who shall I use for my business banking? ££

[northernladuk]

Yes, but provided you don't have over £75K with them you will be covered if they fail by the compensation scheme.

That's comforting :

[fool]

Do you know what a "business day" is?

They are next business day if you do your transaction before 4pm. They arrive in the other bank account between 1-2pm in the afternoon if your bank has no issue with receiving FP. Some receiving banks delay receiving FP that are sent in the afternoon until the next day so they can earn some interest. All the banks that had proper issues receiving FP e.g. Nationwide were made to sort out their systems a few years ago.

I find both sending and receiving payments with carter allen is generally a 3 day affair but that's probably because I do my transfers at night after work, but still it's a bit meh.

Other than that, not much to gripe about but that'd be enough to move to metro if I didn't find my experience at the local branch a bit too slimey saleman-y.

[SueEllen]

I find both sending and receiving payments with carter allen is generally a 3 day affair but that's probably because I do my transfers at night after work, but still it's a bit meh.

Other than that, not much to gripe about but that'd be enough to move to metro if I didn't find my experience at the local branch a bit too slimey saleman-y.

That's why your Cater Allen transfers take 3 days. I was sad enough to phone up and ask them why, when I did a transfer in time, it hadn't arrived that morning and they explained their transfer times to me.

In my local Metrobank branch, sorry "store", I don't think anyone stays there for more than a year. I suspect as newer branches open they ask for a transfer or get a better job.

I've talked to some of their junior staff and nearly all of them are over qualified for the roles they do. They are degree qualified in decent subjects and went to Redbricks.

[Scrag Meister]

Been with Lloyds personally for decades and business-wise since I went contracting in 2007. Initially a free period and then a £5pm charge.

Currently charge me £5.50 per month but has never missed a beat, and what is £5.50 to a contractor.

[PerfectStorm]

Don't use Cater Allen, they sound dreadful! No faster payments, no app...

I use Natwest, they're good. About to jump ship to Yorkshire Bank for the free banking unless anyone thinks that's a bad idea?

[PerfectStorm]

Currently charge me £5.50 per month but has never missed a beat, and what is £5.50 to a contractor.

If you'd pick it up if you saw it lying in the street, it's worth saving.

[PerfectStorm]

So Metro is only free if you keep a £5000+ balance. Otherwise it's £5.

That's £5000 that could be earning £4.54 in Aldermore while you use a free bank.

[pr1]

So Metro is only free if you keep a £5000+ balance. Otherwise it's £5.

That's £5000 that could be earning £4.54 in Aldermore while you use a free bank.

you always keep your company bank balance at £0?

[PerfectStorm]

you always keep your company bank balance at £0?

No, I keep it at a nominal couple of hundred quid to cover accountants fees and the phone bill. That's all that needs be in there.

[pr1]

No, I keep it at a nominal couple of hundred quid to cover accountants fees and the phone bill. That's all that needs be in there.

so you're constantly moving money in and out to pay salary, dividends, tax bills etc? all to save £5/mo?!