Changing business accounts - Contractor UK Bulletin Board

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malvolio replied

31 March 2007, 15:50
Originally posted by Mr Pancamo

Hi All

I set up my Limited a little while ago with Barclays, although my personal account is with TSB.

I know realise the hassle of waiting 3 days for any payments to clear between the two, and I'd like to transfer my business account to TSB as well.

Does anyone have any experience of doing this? Is it a pretty straightforward thing to carry out?

Also - from an investigation/audit point of view - better to keep the two at seperate banks (just a thought)?

Any ideas...

Cheers

Never tried it, but it shouldn't be a problem - banks try to make nicking someone else's business quite easy!

As long as the accounts are separated fully and under different names, it shouldn't matter which bank they are actually in.
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Mr Pancamo started a topic Changing business accounts

31 March 2007, 12:43
Changing business accounts

Hi All

I set up my Limited a little while ago with Barclays, although my personal account is with TSB.

I know realise the hassle of waiting 3 days for any payments to clear between the two, and I'd like to transfer my business account to TSB as well.

Does anyone have any experience of doing this? Is it a pretty straightforward thing to carry out?

Also - from an investigation/audit point of view - better to keep the two at seperate banks (just a thought)?

Any ideas...

Cheers
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