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business current account
mkfruitcake
Posts: 58 Forumite
hi all
not sure i am in the right place, however does anybody no of any business accounts which are free of charge? or free at least if your in credit or nil balance?
not sure i am in the right place, however does anybody no of any business accounts which are free of charge? or free at least if your in credit or nil balance?
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Comments
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I have a Barclays business account, it is free for two years as far as I know.0
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HSBC have a business account which if you operate online it is free. Including paying cheques.These are my thoughts and no one else's, so like any public forum advice - check it out before entering into contracts or spending your hard earned cash!
I don't know everything, however I do try to point people in the right direction but at the end of the day you can only ever help yourself!0 -
I have a Barclays business account, it is free for two years as far as I know.
The business manager who opens your account gets to decide how long it's free for. There's some standard terms of 12 or 18 months, but they can do more.mkfruitcake wrote: »hi all
not sure i am in the right place, however does anybody no of any business accounts which are free of charge? or free at least if your in credit or nil balance?
Abbey does a completely fee business account as far as I know, but there is no branch service for it at all (don't think of using a counter etc.)What would William Shatner do?0 -
Alliance & Leicester have quite a good account (might have to check actually if they still do it), again free but you have to credit it with £1000 per month to keep it free. Anything in there (as long as credited with £1000) also earns interest.0
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Depends on what sort of things you will be doing with it, e.g. paying in cash/cheques, writing cheques, bank credits etc... Most banks will charge different amounts for different facilities. Generally, the more established banks (Barclays, Natwest, HSBC, Lloyds etc.) have higher charges than those that were once building societies (e.g. Abbey, A&L, HBOS). But then you may also need to consider things like the time taken to pay cash in, e.g. at HBOS it's easiest, literally a few seconds - you walk in, they credit the money to your account immediately, they won't even count it. At Abbey, you have to wait a few days for them to credit it to your account. At places like Lloyds and Natwest you have to wait there while they count it, but they'll then make it available straight away.0
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HSBC have a business direct account which is fee free if you are not dealing in cash.
Cheers, Des.0
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