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  • FIRST POST
    • thenewcomer
    • By thenewcomer 10th Feb 18, 12:39 PM
    • 48Posts
    • 6Thanks
    thenewcomer
    Business banking
    • #1
    • 10th Feb 18, 12:39 PM
    Business banking 10th Feb 18 at 12:39 PM
    Looking to switch to another business banking account.

    Any recommendations please
Page 1
    • Robin9
    • By Robin9 10th Feb 18, 12:42 PM
    • 2,239 Posts
    • 1,436 Thanks
    Robin9
    • #2
    • 10th Feb 18, 12:42 PM
    • #2
    • 10th Feb 18, 12:42 PM
    Who are you with at the moment ?
    Never pay on an estimated bill
    • TheTracker
    • By TheTracker 10th Feb 18, 1:29 PM
    • 1,204 Posts
    • 1,192 Thanks
    TheTracker
    • #3
    • 10th Feb 18, 1:29 PM
    • #3
    • 10th Feb 18, 1:29 PM
    It's not very busy but there is a Small Biz forum where you may get a better answer
    http://forums.moneysavingexpert.com/forumdisplay.php?f=27

    Some of it depends on the nature of your business. Whether you need cash deposits, or cheque deposits, or many people access the account. Some banks look at what sector you are in. How much you keep in the account. How often you transact. Whether you have a new business (many free startup offers). How much you care about the quality (or existence) of online banking, if you want a branch, a personal banker, would be comfortable with app only. Whether you need integration with accounting software. And so on.
    I have very small numbers of transactions (<10 transfers in and <10 transfers out each month) so I use Tide for my main business banking, which I am very happy with. Your needs are probably quite different, so analyse on the above info against your needs.
    • thenewcomer
    • By thenewcomer 11th Feb 18, 11:42 PM
    • 48 Posts
    • 6 Thanks
    thenewcomer
    • #4
    • 11th Feb 18, 11:42 PM
    • #4
    • 11th Feb 18, 11:42 PM
    robin- i am with hsbc, coming to the end of free business banking so i want to get out of it.

    tracker- not using the company at present. looking for something free!
    • sjp999
    • By sjp999 11th Feb 18, 11:51 PM
    • 35 Posts
    • 29 Thanks
    sjp999
    • #5
    • 11th Feb 18, 11:51 PM
    • #5
    • 11th Feb 18, 11:51 PM
    How much does HSBC charge ongoing?

    I'm with RBS, 2 years free thanks to the outfit my accountant used to set up my company, it's only 5 quid a month for my 1 in + no more than 1 out transaction per month thereafter.

    Doubt I'd be bothered to move when the cost is that low - and I'm a stingy jock
    • thenewcomer
    • By thenewcomer 12th Feb 18, 9:51 AM
    • 48 Posts
    • 6 Thanks
    thenewcomer
    • #6
    • 12th Feb 18, 9:51 AM
    • #6
    • 12th Feb 18, 9:51 AM
    sjp- hsbc charges 5 quids a month too.


    my co is not earning therefore im trying to reduce the expenses.
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