Originally posted by Paddy
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Lloyds TSB the T must stand for Tulipe
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Originally posted by amcdonald View PostI suppose the problem is they have no way of knowing you've issued a dividend, and their automated system flags it up as dodgy
Although if you have your personal and business accounts with the same bank, it shouldn't happen. If you were cynical you might think they want to push you into doing thisIn Scooter we trustComment
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Originally posted by Scrag Meister View PostI bank with Lloyds and have never had any issue when transferring large dividend payments, 20k-30k.In Scooter we trustComment
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Originally posted by vetran View Postthe banks have form for emptying business accounts to pay off authorised personal account overdrafts.
Keep them separate !Doing the needful since 1827Comment
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Originally posted by The Spartan View PostNow if I was transferring anything near that I then I'd understand but for a few thousand I think it's overkillComment
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Originally posted by amcdonald View PostSurely that is theft though, just because they've done it doesn't make it legal
Setting Off Rules: Know Your Rights - Money Saving Expert
"The Bank may, without notice, set off a debit balance, or debit interest, on an Account against any Account with a credit balance or credit interest held by the same Account Holder."Always forgive your enemies; nothing annoys them so much.Comment
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Originally posted by vetran View PostComment
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Originally posted by vetran View Post
You only open the account in your capacity as a director of that company
It's the same as if you use your companies account as a personal piggy bank it is not legalDoing the needful since 1827Comment
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Originally posted by Ticktock View PostSurely the account holder of my business account is MyCo Ltd, not me - I am just an authorised rep of MyCo?
Its account holder. Unless you are very large all their forms make you the 'account holder' so if it gets overdrawn they can take your house.Always forgive your enemies; nothing annoys them so much.Comment
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Originally posted by Underscore Pt2 View PostIf you are sending from X to Y bank they are just following due process.In Scooter we trustComment
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