Cheapest business bank account?

barginboyrob

Just wondering if anyone could recommend a business bank account..is there such thing as an account with no charges?

What do you use?

I might need to combine it and take payments over the phone with a console also.

I don't expect to be putting through a huge amount of business through it, just I need it for the odd transaction

ukbill69

Id suggest using abbey for free, I use barclays but they charge, find it better to know the person then at least you have a half chance of getting lending or a good rate etc. I use barlcays merchant services, they gave me a good rate.

barginboyrob

Ahh thanks for your help, I won't need any lending facilities though

ukbill69

You might do if it hits off or you want to do something different, it can help. Im so pleased I done this, becuase my business is not good and I want to start new business and the bank manger loves me, because for 1 I havnt lent, 2nd I have had the account for years and because im nice to him. You don't get that with a indian call centre.

prowla

I've recently signed up to an Abbey free business account.

thebaldwindowfitter

have a look at one of the banks thats been taken over by the government because they are now vetted more for charges etc .ive had rbs in today for there streamline credit card scheme ie im able to take credit cards and this came up in conversation and i got the mobile terminal and charges cheaper than 3 other banks.if your not taking many payments why not open another personal account and use paypal for phone/online payments

barginboyrob

Thanks a6windows That's what i do at the moment (personal/paypal) but now I need to take a few payments here and there and write cheques from my business.

thebaldwindowfitter

i pay a fixed fee with rbs of £15 a month for unlimited cheques cash and dd from our account if you pm me i can let you now the credit card facility rates i cant put it on here

barginboyrob

Ok, looks like i'll go to the high street and talk to all of them. Sadly there is no RBS there though

Thanks for your help guys

barginboyrob

I thinking of using Protx to take website payments.

In order to use this I need an account with one of the following:

Lloyds TSB
RBS
HSBC
Alliance and Leicester


Is there any clear winner here?

thebaldwindowfitter

nat west and rbs are under the same banner now