Business bank account

[Shaoxter]

Are there any out there which don't charge a monthly fee?

And if not, why not? I started my limited company 3 years ago and have switched once already but now the free period is ending again and I don't fancy paying £7.50 a month for making 5-10 transactions. Don't deposit cash, don't need cheques and don't need an overdraft.

Switching was really easy last time so I'll probably just do it again. But why all the hassle when I use the business account much less than my personal ones? Wouldn't it make more sense to charge per transaction?

[Shaoxter]

jammy_basturd said:

I got a Cater Allen account through ContractorUK (not a member of ContractorUK and my business is a Ltd company), because it was opened through CUK there is no minimum balance and no fees. Also recently opened a secondary, savings account, had to go through CUK again, but again no fees and no minimum balance. Cater Allen also have great customer service.

Interesting, thanks for that! Their logo looks suspiciously like the Santander logo...

According to the websites, BoS and Santander (who I'm with currently) both charge fees after an introductory period.