Quick question regarding Tax and Banking

[Ardesco]

I personally like to segregate my money, but it is all individual preferance really. The cheque problem is not an issue for me as I virtually never write cheques.


Swings and roundabouts, apples and orranges, etc
If it makes it easier for you to ensure youhave enough money to pay the tax man use 2 accounts (my personal preference). If you are good at remembering how much you need to keep in your co account to ensure you have the money to pay tax do it all in one.

[martinb]

got any more info on these?

http://www.hsbc.co.uk/1/2/business/s...t-deposit-bond

[Flat Eric]

Hmm.

Having just started up my limited company I was looking for a bank account. I was going to go with A&L using their Business Builder current account. It has 2 years free banking.

I am now interested in HSBC. I like their Business Direct account but I don't like the idea of quarterly statements.

Does haveing a bank statement quarterly really make that much difference. I'm used to getting it monthly on my personal current account.

Maybe with their internet banking there isn't really a great need for quarterly statements..

what do you think........???

M.

[Nixon Williams]

The choice of bank depends upon how much bother you want to go for.

Many of the offers from HSBC, Abbey, A&L etc need separate savings accounts to make best use of the interest offered and if you are lazy or forgetful about moving funds around you can get stung for interest and penalties.

In my view most are better off with a single account that pays good interest on the current account, free banking should also be offered.

The only bank I know that offers this package is Cater Allen.

Alan

[Maxamus]

Does haveing a bank statement quarterly really make that much difference. I'm used to getting it monthly on my personal current account.

Maybe with their internet banking there isn't really a great need for quarterly statements..

M.

Doesnt bother me as i can download a statement whenever i like in excel format!

Doesnt make any difference what so ever wheather you get it monthly or quarterly because you can view / download account details/transactions anytime you like (which is what i do)

[marcosscriven]

I went for an HSBC business account for a one big reasons - I have my personal account with them, and as such, transfers between the two are instant (and free) - no 3 days clearing.