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!
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 "Business bank accounts : which is the best one?"
FWIW I'm in the process of moving one of our own accounts from HSBC to Cater Allen.
HSBC's account was meant to be free forever within certain transaction limits (negligible cash/cheques, nearly all online), but they recently changed their mind on that.
With my MVL Online hat on, Cater Allen have been a pleasure to deal with, acting upon our documentation with a day or two, rather than a few weeks as many of the other big banks seem to.
Interest received? I don't know...that's certainly not why I'm moving to them or away from HSBC.
I'm doing exactly the same and moving from HSBC to Cater Allen.
The only reason I put up with HSBC's poor internet banking was because it was free. Now they are charging for Business Direct accounts I decided to switch to Cater Allen and have been very impressed with them so far.
The only downside is the £5k minimum balance required to keep free banking, so effectively the account is being paid for with the "lost interest". However, as others are pointing out the rates of interest are so low, that it's not a big factor in my view.
Leave a comment: