• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Problem with opening business bank account

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #11
    Originally posted by kingcook View Post
    Not sure i like the sound of this. I would prefer to have full control of the money (i'm assuming that the accountant would have someform of control of the account?)
    They have view only access, they have no control over it what so ever.
    There are 10 types of people in the world, those who understand binary and those who do not.

    Comment


      #12
      Natwest are great! I opened my account in the morning by filling in a few forms and e-mailing them, I had the account number the same day.

      Like someone else said, everything is linked with personal accounts via online banking so its very easy to move money around.

      Comment


        #13
        Originally posted by topper View Post
        They have view only access, they have no control over it what so ever.
        If you're happy with that, all good. Not entirely sure if i would be personally (still, i guess they'd see your monthly statements anyway)
        Contracting: more of the money, less of the sh1t

        Comment


          #14
          Originally posted by kingcook View Post
          Not sure i like the sound of this. I would prefer to have full control of the money (i'm assuming that the accountant would have someform of control of the account?)
          This is quite common - we have view only access to some accounts as it means we don't need to keep asking you for copies of statements. It just means less work for us and the client.

          With the MSC legislation I'd hope no accountant has access to actually do anything with a client's bank account.
          ContractorUK Best Forum Adviser 2013

          Comment


            #15
            I met with the local HSBC new business manager on Saturday morning and received my account number and sort code within 30 minutes - very impressed!

            Comment


              #16
              Originally posted by fabs35 View Post
              I met with the local HSBC new business manager on Saturday morning and received my account number and sort code within 30 minutes - very impressed!
              Same experience here for the 2 business accounts I have opened with HSBC, both were done in branch (different branches) and on both occasions I was given the sort code & account number there and then and the accounts were opened before I got home.
              Still Invoicing

              Comment


                #17
                I remember when I opened a business bank account in Crawley for MyCo Ltd. I went to my first, second, and third choices and all of them I was told that I couldn't open an account as it was a Saturday, and only the Business Account Manager could open the account and he doesn't work Saturdays.

                Given that I work Mon-Fri this struck me as particularly inconvenient. I then tried a couple of other banks before I got to HSBC who were able to accomodate.

                I've been fairly happy with their service since. Their telephone banking is great, their internet banking isn't the best (I mean it's fine, but I'm not a massive fan of the layout).

                Comment


                  #18
                  Originally posted by GillsMan View Post
                  their internet banking isn't the best (I mean it's fine, but I'm not a massive fan of the layout).


                  Does feel like something that was knocked up in the mid nineties by a YTS bod, and hasn't been changed since...

                  Does the job though
                  Still Invoicing

                  Comment

                  Working...
                  X