They offer a gold debit card with transactions deferred until the month end (extra interest for me) but they make you wait 6 months before you can have it.
Not for me - got mine straight away with NQA. Otherwise I wouldn't have opened the account in the first place.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Opening Busines Saving Account with a different bank"
Collapse
-
Originally posted by VectraManBut I went through the same when I got my original business current account (Barclays), so there can't be anything too terribly wrong with me. And you'd think a current account would attract greater scrutiny. That's the annoying thing: I could understand if I wanted to borrow money, or have an account that could go overdrawn by use of debit cards/cheques, but all I want to do is lend them my money for a while.
I suspect being in business for less than a year (at the time) was probably a factor.
At the end of the day, even with the best paying deposit account the interest isn't a huge amount, so there's a limit to how much effort I'm prepared to put in.
Leave a comment:
-
Originally posted by dejongjThere are restrictions, they do a personal credit check on the directors....I noticed mine and my wife's credit check go through experian the same day I applied online....
Whether your it is your personal finances or identity that is prefailing I do not know since I passed....It could be as simple as that some of the information did not tie in, or your are not on the electoral role etc...I wouldn't go around and try them all until you get to the bottom of it as it may affect your personal situation....
I suspect being in business for less than a year (at the time) was probably a factor.
At the end of the day, even with the best paying deposit account the interest isn't a huge amount, so there's a limit to how much effort I'm prepared to put in.
Leave a comment:
-
It would be difficult not to recommend Cater Allen now that they have online banking, along with their very good interest rates and excellent call centre.
Two slight bummers with them though :
1. They offer a gold debit card with transactions deferred until the month end (extra interest for me) but they make you wait 6 months before you can have it.
2. They have been dicking me around a little with several failed attempts at sending me out a PAC code (needed to access your account), but I'm fairly sure that once these initial hurdles are overcome that I will be a contented customer.
Leave a comment:
-
Originally posted by VectraManI tried with A&L, but after jumping through lots of hoops they turned me down with no explanation.
So just because there's no formal restrictions doesn't mean they'll give you an account. I should probably try CA, but I haven't got round to it yet.
Whether your it is your personal finances or identity that is prefailing I do not know since I passed....It could be as simple as that some of the information did not tie in, or your are not on the electoral role etc...I wouldn't go around and try them all until you get to the bottom of it as it may affect your personal situation....
Leave a comment:
-
I tried with A&L, but after jumping through lots of hoops they turned me down with no explanation.
So just because there's no formal restrictions doesn't mean they'll give you an account. I should probably try CA, but I haven't got round to it yet.
Leave a comment:
-
Originally posted by SolidecThanks, thought as much but wanted a confirmation.
Cater Allen it is then, heard some bad press about A&L lately.
Northern Rock is currently the highest interest rate for a business reserve...
Leave a comment:
-
Thanks, thought as much but wanted a confirmation.
Cater Allen it is then, heard some bad press about A&L lately.
Leave a comment:
-
Bank Accounts
No restrictions at all.....try Cater Allan, very good interest rates...or Alliance & Leicester online savings account.
Leave a comment:
-
Opening Busines Saving Account with a different bank
Hi
I recently set up a Lloyds TSB Online Business Current Account.
Unfortunately their Business Instant Saver account pays a measly 2.75% interest on amounts up to £50,000.
I am looking for a saving account with another bank that pays a higher rate of interest on balances between £5000 and £50000 but am not sure if its possible to do this.
Is there any restrictions on opening Busines Savers with banks other than the one that runs your Business Current account?Tags: None
Partners
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: