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When banking stops being free

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    #1

    When banking stops being free

    Hi all,

    I'm guessing most of you have got to the stage where business banking stops being free, or even has a monthly "maintenance" charge on an account.

    Has anyone switched business accounts to one that's pretty much free? Was it a painless process or were there lots of annoyances like "meeting the manager"?

    I just took a look at an application form for a business account with a high street bank and it was 12 pages of intrusive questions. I'm wondering whether it's worth switching or putting up with the charges
    Tags: None
    #2
    Abbey is "guaranteed free forever" how much that sort of guarantee is worth I don't know. Now that the website has been upgraded I recommend Abbey Business. HTH.
    Public Service Posting by the BBC - Bloggs Bulls**t Corp.
    Officially CUK certified - Thick as f**k.

    Comment

      #3
      Im in the process of dumping abbey after the recent upgrade cockup. See thread on the forum somewhere. Couldnt get to my money for days after the, ahem, upgrade.

      Im in the process of setting up an FSB Co Op free Business Banking acount instead.
      I couldn't give two fornicators! Yes, really!

      Comment

        #4
        It is never worth putting up with bank charges or "VIP accounts" that charge a fee. If you are paying a bank charge for keeping your money with a bank then you are a mugged - monthly!

        Business banks: Cater Allen, Co-op. Cater Allen is very good.
        Main Personal Bank: First Direct, or Cater Allen

        Comment

          #5
          Originally posted by s2budd View Post
          It is never worth putting up with bank charges or "VIP accounts" that charge a fee. If you are paying a bank charge for keeping your money with a bank then you are a mugged - monthly!

          Business banks: Cater Allen, Co-op. Cater Allen is very good.
          Main Personal Bank: First Direct, or Cater Allen
          Co-op business account is not free.

          Comment

            #6
            Originally posted by expat View Post
            Co-op business account is not free.
            It is if you're a member of the FSB: http://www.co-operativebank.co.uk/se...FSCtplStandard

            Comment

              #7
              Cater Allen is excellent. Free banking (unless you're making some wacky amount of transactions a month). Direct Debit visa card (also free). Internet banking. And any time I've had to phone them up they've been professional, helpful and friendly. I'd recommend them to anyone.

              P.S. I do not work for Cater Allen.

              Comment

                #8
                Originally posted by BolshieBastard View Post
                Im in the process of dumping abbey after the recent upgrade cockup. See thread on the forum somewhere. Couldnt get to my money for days after the, ahem, upgrade.

                Im in the process of setting up an FSB Co Op free Business Banking acount instead.
                But they've had their cockup, you should be safe for a couple of years... any other bank might do something similar any time
                Originally posted by MaryPoppins
                I'd still not breastfeed a nazi
                Originally posted by vetran
                Urine is quite nourishing

                Comment

                  #9
                  Originally posted by d000hg View Post
                  But they've had their cockup, you should be safe for a couple of years... any other bank might do something similar any time
                  That's my thinking too about Abbey. OK, it WAS a debacle, but it should prevent any more smart ideas happening there for a while.
                  Public Service Posting by the BBC - Bloggs Bulls**t Corp.
                  Officially CUK certified - Thick as f**k.

                  Comment

                    #10
                    Originally posted by Hex View Post
                    It is if you're a member of the FSB: http://www.co-operativebank.co.uk/se...FSCtplStandard
                    And is that free?

                    Comment

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