Business bank account - do you pay?

[SueEllen]

I know HSBC do, providing you do everything online, get paid via BACS, using standing orders, and don't do cheques, etc etc.

You can do some cheques every month but you definitely cannot deal with cash as in handing in loose change over the counter otherwise they charge you extra for it.

Oh and Lloyds have a free banking option as well apparently. It's been mentioned here before (so do a search) and when I looked at their business banking site it mentioned it with the fee structure.

[kingcook]

Oh and Lloyds have a free banking option as well apparently. It's been mentioned here before (so do a search) and when I looked at their business banking site it mentioned it with the fee structure.

This sounds good, but i can't find it.

[blinko]

Cater Allen, free under 30 transactions per month.

[aceboy]

+1 for cater allen

[NickWallace87]

Ye Cater Allen are a good option! Been with them a while now.

[ChimpMaster]

Ye Cater Allen are a good option! Been with them a while now.

But do they pay any interest on business savings accounts. Barclays only pay a paltry 0.5% (for any month in which you don't take money out of the savings a/c)... not much but it adds up if you have a few mil in there

[Support Monkey]

But do they pay any interest on business savings accounts. Barclays only pay a paltry 0.5% (for any month in which you don't take money out of the savings a/c)... not much but it adds up if you have a few mil in there

Over 50K but its pretty poor, Cater allen are part of Santander

[psychocandy]

But do they pay any interest on business savings accounts. Barclays only pay a paltry 0.5% (for any month in which you don't take money out of the savings a/c)... not much but it adds up if you have a few mil in there

Average of £13200 in account for the year at 0.5% = £66 = £5.50 a month doesnt it?

[psychocandy]

Ye Cater Allen are a good option! Been with them a while now.

Yep. OK. Free and that.....

Didnt know it costs after 30 transactions though?

Only thing is it costs 8E to recieve a payment into my euro account (in euros), and their rate to change up to linked sterling account is tulipe. I transfer the euros out to currencyfair.com, convert it, and pay back into sterling account (and they charge me 29E for an outgoing euro transfer but its free for sterling incoming) and I still get a better return.

[backagain]

My ltd co is with Santander which is free, not sure if they offer free banking to new customers anymore (check their website).

I know HSBC do, providing you do everything online, get paid via BACS, using standing orders, and don't do cheques, etc etc.

Check out "Business Direct" on their website.

I am with HSBC too. Very good. They do charge you for the Corporate Credit Card after the first year; think its 33 quid per year. Other than that happy to stay with HSBC.