Business Bank Accounts

**xoggoth** · 6 September 2005, 22:27

Abbey don't charge if account stays in black

**planetit** · 6 September 2005, 22:42

For the average one man band contractor you still can't beat Cater Allen

**Lucifer Box** · 6 September 2005, 23:31

Cater Allen. No charges (for a typical contractor ltd) and good interest (for a business account).

**rootsnall** · 7 September 2005, 08:11

I'm a convert to Cater Allen and had a nice surprise when I saw how much interest I had been paid for the year rather than discovering sneaky charges made by my own high street bank.

**OrangeHopper** · 7 September 2005, 10:01

If you go Cater Allen then see if being referred by your accountant is worth it.

Cater Allen will charge a £10 monthly handling fee if your balance drops below £5000. This is waived if your accountant has an arrangement with them and had made the original introduction.

**4Contractors** · 7 September 2005, 10:27

Also interesting to note that Cater Allen pay 0.5% of your annual average balance to the Accountant or whover referred you each year - may be worth asking them for a kickback

**planetit** · 7 September 2005, 10:31

You can get the Cater Allen account for free from good ol' ContractorUK

**boredsenseless** · 7 September 2005, 10:45

So what do CUK do with all these 0.5% kickbacks then?

**planetit** · 7 September 2005, 10:52

Well I assume it goes towards running their business, and perhaps even making a profit.

Business Bank Accounts