Originally posted by Harrysp
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Cater Allen - Terminated account 60 days notice
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Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishing -
Originally posted by malvolio View Postthe earned interest, we are talking about HSBC here, aren't we ?
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Originally posted by d000hg View PostMaybe they don't have to but please tell me you are at least going to ask... go into your branch or phone your account manager?"You’re just a bad memory who doesn’t know when to go away" JRComment
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Cater Allen closed our account - don't touch them with a barge pole
I've just had exactly the same happen. We are a UK Ltd company (start-up going for 18 months). I just logged onto to make some payments and the account was not available. When I called, they told me they had issued a letter back in October giving us 60 days notice. We never received such a letter. When asking for a reason, the operator wouldn't give us one. Apparently the letter that was sent to us doesn't specify a reason either. This was a solvent business that had been reasonably quiet in the last month or so, but there is certainly nothing dodgy going on!!
I find it unfathomable that no one from CA thought it fit to give us a call and that we are not going to get an explanation. Some jumped up banker has made a sweeping decision to close specific company accounts that are legitimate businesses. This is causing innumerable problems getting paid by suppliers and paying our own suppliers.
So, if you are thinking about moving to Cater Allen, in a word, don't! They don't communicate well. It took ages to set the account up, and then they closed it without reason. No wonder the UK is in a mess. Stick to the big four banks - at least they won't just shut your account.
Cater Allen - don't touch them with a barge pole!Comment
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A few more examples in the reviews here:
Cater Allen Business Bank Account Reviews | Business Bank Accounts | Review Centre
One of them mentions something about foreign shareholders; whether that's true, I don't know, but I wouldn't be surprised. They've certainly become a PITA in processing payments from international clients, although the person I spoke to put that down to RBS.Comment
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Originally posted by Lumiere View PostWhat interest, we are talking about HSBC here, aren't we ?
The current account gets 0% interest, the savings account does get interest, but I can't remember how much.Comment
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Santander also have a business saver account but they have just slashed the interest by half from not a lot to virtually nothing so no longer really worth considering.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by Ticktock View PostYes. HSBC Business Accounts contain both a current account and a savings account.
The current account gets 0% interest, the savings account does get interest, but I can't remember how much.
If really small numbers are your thing then you're in for a treat.Comment
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Originally posted by jamesbrown View PostAldermore is probably about the best you can get right now at 1.1% for an easy access account.
Just in time for my Barclays Direct (previously ING Direct) 2% rate endingComment
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