Originally posted by TechRiskPartners
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Reply to: Business Savings Accounts - BFC Bank?
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Previously on "Business Savings Accounts - BFC Bank?"
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Natwest
Originally posted by GhostofTarbera View PostAny Bank account will accept payments in any currency - it will just get converted into GDP if you don’t have that currency account set up
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Thanks
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Transferwise won't work as your main bank account - they're not covered by FSCS and they don't offer many traditional banking services - but they work great for transferring money between a bunch of different currencies. Their borderless account will allow you to hold and spend funds in GBP, EUR, USD and a few others, and they will offer cheap transfer between loads of other currencies too.
Bye bye bank fees, hello world. - TransferWise
No connection other than being a happy customer.
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Any Bank account will accept payments in any currency - it will just get converted into GDP if you don’t have that currency account set up
Sent from my iPhone using Contractor UK Forum
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Which Bank Account Please?
Hi
A Newbie here, Risks/Controls Specialist (globally known) and have clients from UK, NL and UAE as of now.
So looking for a business account which can accept multi-currency (GBP, Euro and UAE Dirhams for the time being). I will also be paying some off-shore Firm in India in INR too. So looking a current account to start with, personally bank with Natwest. Accountant mentions Natwest too, but trying to pick your brains too.
Also a recommendation for a business credit card which gives decent rewards as I travel a lot for work (1 day per week to Amsterdam definitely and 1-2 days trip to UAE in BA business class monthly) so my monthly expenses I am projecting more than £4-5K at least.
Thanks in advance, again apologies for silly questions.
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Originally posted by northernladuk View PostLooking at the state of their website I don't think I'd touch them with a bargepole either.
Fixed Term Deposits - BFC Bank
Ha, yes it isn't the slickest of websites...
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I've been in touch with them and they've lifted the £5million turnover requirement. The website is due to be updated.
They are also registered with the PRA and thus covered by the FSCS. Saying that I think it's the fact that there's no online access to the account, the bank is very new and I can't find any real reviews online that's making me nervous.
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Looking at their accounts, they made a loss of £6million last year, an improvement on the previous year when it was £6.5million
https://document-api-images-prod.s3....5b5ec34494a041
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Fixed Term Deposits - BFC Bank
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Aldermore is mentioned regularly on here and from what I remember quite a few people use them. Dunno about BFC.
In google type the following.
aldermore site:forums.contractoruk.com
You'll get all the threads where Aldermore is mentioned.
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