App banks horror stories - whats a good std business acct?
App banks horror stories - whats a good std business acct?
Author
Discussion

Ken Figenus

Original Poster:

6,011 posts

146 months

Friday 18th October 2019
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Just so many tales of people having accounts frozen for weeks by the bot at the app bank like Revolut & Monzo, and, although I have just got a Revolut account for as new business venture I'm too scared to use it - one big credit and they will shut it down and I have to
'IM txt me M8 DM' on my phone to get it up and running again - could take weeks and kill a property purchase!

Whats a good high St bank for business. Hate my HSBC one as there are no bells or whistles and the app is useless as you always needs the dongle with you.

Bobajobbob

1,599 posts

125 months

Friday 18th October 2019
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I use both Monzo and Revolut and have never had an issue. They do what they say on the tin as far as I am concerned. I also have HSBC account and never had an issue with them either, apart from a lack of interest in savings accounts.

Ken Figenus

Original Poster:

6,011 posts

146 months

Friday 18th October 2019
quotequote all
Monzo made Watchdog this week mate - just for this. Get a chunky loan in to pay a PCP off and they may freeze your account for a month whilst giving you the silent treatment!!!

JapanRed

1,591 posts

140 months

Sunday 20th October 2019
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starling business banking app is good

psi310398

11,063 posts

232 months

Sunday 20th October 2019
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I've only had one issue with Tide and that was because I'm too cheap to upgrade my phone to a version that can run an Android release recent enough to support the appsmile.

Ken Figenus

Original Poster:

6,011 posts

146 months

Saturday 26th October 2019
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Ohh God! So I set up a Revolut business account but the very first DD setup was rejected - it DOESNT DO DD IN STERLING! What a total waste of time.