Originally posted by ChimpMaster
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Reply to: Business bank account - do you pay?
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Previously on "Business bank account - do you pay?"
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Mrs is with Santander for her small business..
Free but only annoying thing is you cant pay in over the counter.
Tried it - they wont do it. They make you the cashpoint machine to pay in. Now I've no issue paying in cheques this way but for cash I'd rather have a proper receipt with a total on rather than just stuff it all in a sealed envelope.....
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Originally posted by bluedrop View PostWondering whether most ppl here pay for their business bank accounts? I am on a 18m free banking deal, that'll be up in june. I just looked around to switch but looks like most banks offer just 6 months for switchers? Switching every 6 months is such a pain! No option but to pay ???
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Originally posted by kingcook View PostMy ltd co is with Santander which is free, not sure if they offer free banking to new customers anymore (check their website).
I know HSBC do, providing you do everything online, get paid via BACS, using standing orders, and don't do cheques, etc etc.
Check out "Business Direct" on their website.
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Originally posted by NickWallace87 View PostYe Cater Allen are a good option! Been with them a while now.
Didnt know it costs after 30 transactions though?
Only thing is it costs 8E to recieve a payment into my euro account (in euros), and their rate to change up to linked sterling account is tulipe. I transfer the euros out to currencyfair.com, convert it, and pay back into sterling account (and they charge me 29E for an outgoing euro transfer but its free for sterling incoming) and I still get a better return.
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Originally posted by ChimpMaster View PostBut do they pay any interest on business savings accounts. Barclays only pay a paltry 0.5% (for any month in which you don't take money out of the savings a/c)... not much but it adds up if you have a few mil in there
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Originally posted by ChimpMaster View PostBut do they pay any interest on business savings accounts. Barclays only pay a paltry 0.5% (for any month in which you don't take money out of the savings a/c)... not much but it adds up if you have a few mil in there
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Originally posted by NickWallace87 View PostYe Cater Allen are a good option! Been with them a while now.
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Ye Cater Allen are a good option! Been with them a while now.
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Originally posted by SueEllen View PostOh and Lloyds have a free banking option as well apparently. It's been mentioned here before (so do a search) and when I looked at their business banking site it mentioned it with the fee structure.
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Originally posted by kingcook View PostI know HSBC do, providing you do everything online, get paid via BACS, using standing orders, and don't do cheques, etc etc.
Oh and Lloyds have a free banking option as well apparently. It's been mentioned here before (so do a search) and when I looked at their business banking site it mentioned it with the fee structure.
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I have accounts with both Santander (was A&L) and HSBC. All are free and always have been, with the exception of the $US account I have with HSBC, which as a 'special' account charges $5/mo.
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Barclays charge £5.50 a month but the hassle involved and my apathy towards this prevents me from moving to another bank.
They have business savings accounts, in which I keep most of my money and earn 0.5% interest, which easily offsets the monthly fee and then some.
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