Free Business banking?
Free Business banking?
Author
Discussion

EdT

Original Poster:

5,240 posts

315 months

Monday 18th November 2013
quotequote all
HSBC has changed policy & no longer offers this. My turnover is modest to say the least - never enough to earn any interest to speak of, so free banking attractive.
Do any banks still offer this??

grumbas

1,178 posts

222 months

Tuesday 19th November 2013
quotequote all
I've heard Metro Bank do, or at least much cheaper...

billythekid001

57 posts

162 months

Tuesday 19th November 2013
quotequote all
Santander do. I use them and they're fine. I never need to see them or borrow money though so it's not really an in depth review! Hopefully this link will work, their website doesn't seem to do 'human friendly' web addresses:

http://www.santander.co.uk/csgs/Satellite?appID=ab...

anothernameitist

1,500 posts

166 months

Tuesday 19th November 2013
quotequote all
Think if you move to the Coop its free for a while.

Coop is £3 a month where as HSBC is £5 a month, for me anyway

SGirl

7,924 posts

292 months

Tuesday 19th November 2013
quotequote all
Coop is free if you join the FSB.

Metro Bank is free too, except for a small number of transactions. But even though I do most of my business outside the UK, I've never been charged anything by Metro.

V8mate

45,899 posts

220 months

Tuesday 19th November 2013
quotequote all
I've just opened a business account with the Co-op. Free for 18 months then, as mentioned^, £3 per month.

insurance_jon

4,099 posts

277 months

Tuesday 19th November 2013
quotequote all
aren't coop in the middle of a bail out?

insurance_jon

4,099 posts

277 months

MrAdaam

1,094 posts

197 months

Tuesday 19th November 2013
quotequote all
Metro bank seem to offer a suitable service, checked them out off the back of this thread.

Believe they are well regarded in the personal banking world as well?

nugget78

481 posts

251 months

Tuesday 19th November 2013
quotequote all
I use Cater Allen, although part of Santander now...

http://www.caterallen.co.uk/

williamp

20,466 posts

304 months

Tuesday 19th November 2013
quotequote all
Most banks do a free banking period, however its unlikely as an existing business switching from one bank to another you will get it. Otherwise the banks will be swamped with businesses on a continuous merry go round every 6/12 months just to save a few quid, and offering no real value

EdT

Original Poster:

5,240 posts

315 months

Tuesday 19th November 2013
quotequote all
williamp said:
Most banks do a free banking period, however its unlikely as an existing business switching from one bank to another you will get it. Otherwise the banks will be swamped with businesses on a continuous merry go round every 6/12 months just to save a few quid, and offering no real value
That's somewhat was I suspected.
Still, it rankles somewhat that they pay me 0.00000000000000000001% interest and now want to charge me.

Patch1875

5,063 posts

163 months

Tuesday 19th November 2013
quotequote all
Been with Santander for 3 years+? Still no charges other than if I bank over 100 cheques in a month.

sumo69

2,164 posts

251 months

Wednesday 20th November 2013
quotequote all
I was told that Santander charge £7.50 monthly for any new businesses transferring to their business banking.

I too am with HSBC and will be switching now they have stopped free banking.

David

EdT

Original Poster:

5,240 posts

315 months

Wednesday 20th November 2013
quotequote all
sumo69 said:
I was told that Santander charge £7.50 monthly for any new businesses transferring to their business banking.

I too am with HSBC and will be switching now they have stopped free banking.

David
Any thoughts who you'll move to?

sumo69

2,164 posts

251 months

Wednesday 20th November 2013
quotequote all
EdT said:
Any thoughts who you'll move to?
I was down to Metro or Co-op - bearing in mind the current headlines looks looks like the former!

David

Quattromaster

3,051 posts

235 months

Wednesday 20th November 2013
quotequote all
sumo69 said:
I was told that Santander charge £7.50 monthly for any new businesses transferring to their business banking.

I too am with HSBC and will be switching now they have stopped free banking.

David
I've been with them 12 yrs using business banking and heard nothing,

dalenorth

930 posts

198 months

Wednesday 20th November 2013
quotequote all
I've got two accounts with Santander and just opened another. They are free unless your doing hundreds of transactions and have a big turnover.

V8mate

45,899 posts

220 months

Wednesday 20th November 2013
quotequote all
sumo69 said:
EdT said:
Any thoughts who you'll move to?
I was down to Metro or Co-op - bearing in mind the current headlines looks looks like the former!

David
Why on earth is the Co-op off your radar? Other banks get public money bailouts and their customers stay. The Co-op is in good enough shape to get support from private money and they're too hot to handle? rolleyes

Simpo Two

93,073 posts

296 months

Wednesday 20th November 2013
quotequote all
Run by a vicar with no banking experience who takes drugs and downloads porn at work? And they call themselves ethical.

It makes simple greed and incompetence from the banks look normal. Oh, it is.