Business bank accounts - which one???

[J381]

As the title may suggest, I am currently interested in opening a business bank account... But sadly I have no idea what to look for.

Any help on this is mega appreciated!

Cheers.

[anonymous-user]

Can you expand a little on what you need from the bank?

[J381]

Here's the thing... I don't really know!

I have just started my own Ltd. company and I am in need of a business bank account.

Sorry for the vague answer.

[Rollin]

Alliance and Leicester have free business banking if that's any help. I'm with them because I pay in a lot of cash and write a lot of cheques. Also have a business account with RBS and they seem to charge for everything.

[anonymous-user]

J381 said:

Here's the thing... I don't really know!

I have just started my own Ltd. company and I am in need of a business bank account.

Sorry for the vague answer.

What does your business do
How will you be paid/pay for items bought
Will you be dealing in sterling only?
Do you need an overdraft
Do you need a company credit card?

[J381]

MRSNEAK said:

J381 said:

Here's the thing... I don't really know!

I have just started my own Ltd. company and I am in need of a business bank account.

Sorry for the vague answer.

What does your business do
How will you be paid/pay for items bought
Will you be dealing in sterling only?
Do you need an overdraft
Do you need a company credit card?

Providing the offshore oil and gas industry with a skilled/technical service.
Paid on a weekly basis by wire transfer.
At the moment, yes.
At the moment, no.
At the moment, no.

Cheers.

[ringram]

Rollin said:

Alliance and Leicester have free business banking if that's any help. I'm with them because I pay in a lot of cash and write a lot of cheques. Also have a business account with RBS and they seem to charge for everything.

Just burn all your invoices, cheques and accounts now before you start!
They are a pointless waste of space.

We are running far and fast. They have cost us hundreds of pounds in wasted time. AVOID!

We are however having a very pleasant time with Metrobank setting up the account etc.
Free banking there too if you retain a £2k balance!

My advice is avoid all contact with stander. There are plenty of other threads on this same topic here! You have been warned.

[mrh1275]

alliance & leicester as they are free but don't expect any service from your local branch !

Edited by mrh1275 on Wednesday 13th October 23:35

[NathanJones]

Many of my clients have no problem with HSBC

http://www.business.hsbc.co.uk/1/2/start-up-busine...

[petemurphy]

need one of these - any differnce between them all am thinking hsbc

question - any reason to or not to go with your personal bank? ie im with lloyds should i go with them?

[worsy]

NathanJones said:

Many of my clients have no problem with HSBC

http://www.business.hsbc.co.uk/1/2/start-up-busine...

+1 Moved from All + Leic. Free banking for first 18 months then depends on cash and cheque payments. I don't do that so will be free.

[IainZ]

HSBC have been fine with us. Just look at the chharges carefully whoever you decide to go to. OTOH If you don't cut too many invoices & receive or make many payments the charges are not such a problem.