Reply to: CaterAllen Shambles

[pr1]

In any event the switching process guarantees that any payments into the old account are redirected to the new account for 3 years, according to Starling's documents.

That's good to know, and one of the main things that's been putting me off switching (chasing BigCo for ££ that's gone 'missing')

[SuperLooper]

Updating payment details with all your clients? (what happens if they try to pay your old account? does it bounce back to them or get forwarded on?). Can imagine most accounts payable departments will miss bank detail changes unless you really walk them through it

Updating recurring card payments? (office 365 etc?) - I guess you can wait until they bounce but still a hassle

Plus like jamesbrown said, updating linked account for other accounts/savings etc?

"totally painless" must be a slight exaggeration!?

My clients pay USD into my Transferwise account. So I need to update the bank details when withdrawing from Transferwise into my UK account, but otherwise nothing changes.

In any event the switching process guarantees that any payments into the old account are redirected to the new account for 3 years, according to Starling's documents.

You are right that I will need to update debit card details with some recurring payments, but I can count those one one hand. So still pretty painless.

[pr1]

I've been very pleasantly surprised with how easy and smooth changing banks actually is. I'm in the middle of moving my business account to Starling using the switching service, and all it took was a few clicks in their very slick mobile app. Totally painless.

Updating payment details with all your clients? (what happens if they try to pay your old account? does it bounce back to them or get forwarded on?). Can imagine most accounts payable departments will miss bank detail changes unless you really walk them through it

Updating recurring card payments? (office 365 etc?) - I guess you can wait until they bounce but still a hassle

Plus like jamesbrown said, updating linked account for other accounts/savings etc?

"totally painless" must be a slight exaggeration!?

[SuperLooper]

Metro have lots of presence

Only in the south-east of England. Nothing at all north of Nottingham.

[PerfectStorm]

if i needed to do cash deposits and withdrawals 3-4 times per week, a traditional high street bank would be the best option wouldn't it?

(i'm comparing to the likes of Starling / CA / Metro etc who don't have the same outlet presence)

Well cash withdrawals can be done anywhere; a lot of those places will let you pay in via a post office.

Metro have lots of presence - including being open evenings and weekends.

[filthy1980]

if i needed to do cash deposits and withdrawals 3-4 times per week, a traditional high street bank would be the best option wouldn't it?

(i'm comparing to the likes of Starling / CA / Metro etc who don't have the same outlet presence)

[PerfectStorm]

TSB or Yokshire/Clydesdale are currently doing a free offer for switchers

Avoid Starling; can't be used on a jailbreak phone

[Wobblyheed]

What business bank do people recommend with instant payments and doesn't charge a fee with a good phone app?

Metro Bank

[GhostofTarbera]

Are they still not supporting Faster Payments?

Not as easy as you would think (without spending many millions like the founders)




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[SuperLooper]

What business bank do people recommend with instant payments and doesn't charge a fee with a good phone app?

Starling

[headsy]

What business bank do people recommend with instant payments and doesn't charge a fee with a good phone app?

[PerfectStorm]

One of the planned changes. We'll see.

Good grief, must be one of about two banks in the UK (hello Aldermore!)

[jamesbrown]

I've been very pleasantly surprised with how easy and smooth changing banks actually is. I'm in the middle of moving my business account to Starling using the switching service, and all it took was a few clicks in their very slick mobile app. Totally painless.

It all depends. For example, it depends how many linked savings accounts you have that need to be updated (the switching service may handle SOs and DDs, but it cannot contact those linked banks and have them update, right?). If your banking is simple, then I agree that something like Metro or Starling is a no-brainer.

[SuperLooper]

changing banks is a PITA.

I've been very pleasantly surprised with how easy and smooth changing banks actually is. I'm in the middle of moving my business account to Starling using the switching service, and all it took was a few clicks in their very slick mobile app. Totally painless.

[jamesbrown]

Why on earth does anyone stick with dinosaur banks like this, when there are so many modern alternatives which are better (and free)?

Switch to Starling.

I have a bunch of accounts, including some with the modern alternatives. On the whole, CA is way ahead when you need to call someone (UK-based, competent), but that only means something if you need to talk with a person more than infrequently. If you have simple accounts, you probably don't, and CA makes little sense, other than inertia. Remember that many people will have CA accounts due to some legacy issue like their previous accountants having a sign-on deal or because CUK had a deal at some point or whatever, and changing banks is a PITA.