Business banking and cash payments

Business banking and cash payments

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BigBen

Original Poster:

11,644 posts

230 months

Tuesday 2nd September 2014
quotequote all
Hello,

The Mrs is in the process of starting a business that is likely to end up taking quite a lot of cash payments. What is the most cost effective way to bank the cash, seems that business accounts charge for cash handling.

It seems to me that you could pay it all into your current account for free then transfer it but also assume that opens up a world of HMRC and bank pain if anyone notices!

Ben