bank account

[reddeagle]

Hi guys,

So far i have set up my limited company my self and Monday i am popping into barclays to set up a business bank account, but got a mail from a few of the accountancy people to say they can provide this for me.
Any benefit of them doing it and should i let them? also is business bank accounts generall free or will there be charges etc.

[Ruprect]

yes it is worth it as they will get you higher interest rates, and save you time. Cater Allen have free banking for 10 transactions per month and a reasonable interest rate. I imagine (though don't know) that a business bank account from Barclays will pay v low interest rates

[Old Greg]

I (and many many others here) use Cater Allen - their customer service is superb and good interest rates. You may get better interest rates from Alliance and Leicester or Northern Rock. I'm considering them for my reserves.

[oracleslave]

Yeah I would also recommend Cater Allen. Had excellemt service from them for the last 3 years.

[richard-af]

I (and many many others here) use Cater Allen - their customer service is superb and good interest rates. You may get better interest rates from Alliance and Leicester or Northern Rock. I'm considering them for my reserves.

Northern Rock - aren't they the one of the UK's worst-hit casualties of last Friday's Stocks-n-Shares hiccup? And even before then, too?

[oraclesmith]

Any benefit of them doing it and should i let them? also is business bank accounts generall free or will there be charges etc.

Business banking is not usually free - it helps pay for the free banking you get on your personal account !

If you join the FSB, like I did, you can apply for their Co-Op business bank account which is totally free forever. Plus they give you £25 each year as a loyalty bonus. And interest on your current account. Whenever any other bank tries to sell me their business banking I just reel this off and they tend to go quiet!!

[wattaj]

Monday i am popping into barclays to set up a business bank account.

Probably too late for you this time, but Abbey are doing a free business banking forever deal.
Quite good internet banking, nothing too flashy, but it works.
Thumbs up from me.

[r0bly0ns]

HSBC now do a free 'Online & Telephone only' bank account:

http://www.hsbc.co.uk/1/2/business/a...usiness-direct

In a nutshell, no standing charges, any transactions online are free, and you get a set number of non online transactions (cash, cheque etc..) a month before you have to pay.

[poser]

Cater Allen open till late 7 days a week and really friendly and helpfull

[buffdaddy]

does Carter Allen have online banking?

its a biggie for me