Do you like your business bank

[escapeUK]

What ever you do, do not try Abbey. You will just waste a month of your life hoping they will create you an account. They are seriously bad.

Ignore those people who say, Ive been with them for years and they are fine.

There will always be people who drive a Skoda and think thats fine. Maybe they had their account 5 years ago when they actually had some sensible procedures. My experience is as of Jan 2010.

Abbey are seriously incompetent. When you have had to ring their new accounts "team" and realise they actually have no power to do anything you will mark my words.

They kept asking me for proof of my business trading address. For most of us this is our home address. Nothing will prove this to them, even a letter from my accountant was not good enough, nor a letter from HMRC.

[Mephisto]

Just had an account created with Cater Allen - thanks to Helen at Contractor UK for helping me with this!

HSBC are the biggest numpties ever. Twice they asked for me to sign forms and twice they left it several weeks to inform me my signatures were inconsistent (they weren't or at least CA didn't have an issue like this).

[b0redom]

I concour!

NEVER TWAT WEST!

But why? I've never had a problem with them, and I also use them for business and personal banking. No charges either.

[ads1980]

Well I originally signed up with Barclays but after 3 weeks of hearing nothing I decided to look elsewhere. I signed up with HSBC. Free banking for 18 months and all the account was opened at the same time as Barclays started sending me various bits of my new account. I closed the Barclays account down and it was going to cost a lot too!!

HSBC seem excellent so far!

[too_many_details]

Hi,

I've been with Cater Allen for almost 3 years. The service is excellent and the website functional.

However, I am considering a move to HSBC purely so I do not have to wait 4 days for a transfer to my personal account (I bank with First Direct a HSBC subsidiary).

I've asked numerous times when CA will implement faster payments but they won't say.

The HSBC bank account should be fee-free since I don't deal in cash and can do everything online.

Cheers

[contIT88]

Well I originally signed up with Barclays but after 3 weeks of hearing nothing I decided to look elsewhere. I signed up with HSBC. Free banking for 18 months and all the account was opened at the same time as Barclays started sending me various bits of my new account. I closed the Barclays account down and it was going to cost a lot too!!

HSBC seem excellent so far!

During the free banking period with HSBC, no credit interest is payable!

[quackhandle]

I have just asked the kind lady who acts as my RBS Business Manager (0845 number) and I asked for an overdraft of £1000.

"Okay fees for that are £100 'arrangement fee' and £50 'guarantor fee' so a total of £150"

What about £500 OD then?

"Sure no problem, thats just a £50 fee."

Thanks. Click.

Are these fees normal for a business account, or excessive?

qh