Which business bank account?

Which business bank account?

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Discussion

macron

Original Poster:

11,795 posts

181 months

Monday 30th December 2024
quotequote all
Service business, payment inwards, generally by card or maybe bank transfer. Taking euros could be useful. Outside chance of redomicile to the EU in time, if that matters at all.

Is it as simple as Revolut/ Monza/ Starling and compare the charges for whatever transactions are most frequent?

I have no need to communicate with the bank in branch, so does that mean the old skool really are just pointless these days?

Whataguy

1,088 posts

95 months

Tuesday 31st December 2024
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The old school banks are quite behind the times, still requiring paper forms and telephone calls to do things.

I’m with Monzo business and have been impressed with how efficient they are, it can take several weeks to open an account with a legacy bank.

StevieBee

14,218 posts

270 months

Tuesday 31st December 2024
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I've been with Starling for five years and never had any issue. On the few occasions I've needed to talk to them, the phone get's answered promptly by someone in the UK who was able to help there and then.

I've looked a few times at moving to one of the longer-established banks but have yet to encounter any viable reason to do so.

AB

18,420 posts

210 months

Tuesday 31st December 2024
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I have Starling and Natwest for separate companies.

Depends how many monthly payments you have to make but they're both easy enough through the app, I can't remember the last time I used online banking through the browser especially with good integration with the likes of Xero.

One thing to keep in mind is Starling got rid of their business saver account which is a pain in the arse.