Cater Allen

NTCCF

hi all, wondering if anyone uses cater allen bank and what would you recomend it for thesterling and us dollar account.
As it is a private bank for what i understand does it still report to credit refernce agencies? with regards to charges is it worth it or would citi bank be a better option for a us dollar account.

thanks

NFH

Cater Allen are great for small business accounts, because their charges are more in line with those of personal accounts. I wouldn't touch them for a personal account because of the lack of FPS and limited online banking functionality. Their telephone customer service is very friendly and you always get through to helpful and intelligent people.

I definitely wouldn't touch Cater Allen for a non-GBP account, as their charges when I've enquired about this in the past have been ridiculously high. It seems you have to pay a fee every time money goes in or out of the account. Go for Citi if you want a UK-based USD (or EUR) account.

jinkster

You could also try Handelsbanken.

NTCCF

would you be able to shed some views about this bank? anyone else tried it?

jinkster

Anyone with info on Cater Allen much appreciated?

I have found out that there is a service fee of £15/month if the balance falls below £5000 at any point during the month.

Apart from that - no idea.

jen245

They are part of Santander

Dr_Cuckoo3

I held an account with Robert Fleming & Co http://en.wikipedia.org/wiki/Robert_Fleming_%26_Co. which was taken over by Cater Allen :whistle:

I also held an account at Brown Shipley

ireilly

I have a Cater Allen a/c for my business and find it more than adequate for my needs (v small company, low number of monthly transactions). the lack of FPS is not a big deal here as BACS will suffice for most of my needs.

As mentioned above the staff have always been friendly and knowledgable when I've called them and I believe that at present you don't actually need the £5k minimum either.

jinkster

Sterling Bank Account

Account details
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Allowing you take advantage of our first class service with a minimum deposit of only £5,000

We recognise the frustrations caused by impersonal banking and off shore call centres, which is why we have designed our flexible and convenient current account in a way which allows clients who regularly have a balance of at least £5,000 to have access to our multi-skilled Client Team for all your banking requirements.

Our Sterling Bank Account offers unlimited day-to-day transactions, and full banking facilities including Internet Banking.! Plus, you can take advantage of our prestigious Cater Allen Private Bank, VISA Deferred-Debit Card.! Any card transactions you make using this card (excluding cash withdrawals) are not applied to your account until the statement date.

To become a member of Cater Allen Private Bank, simply click on ‘Apply Today'. Please see the Sterling Bank Account Factsheet and the Personal Terms and Conditions for more information.

jinkster

Just spoken with CA and the 5000£ is required to open the account and if not maintained then a £15 charge per month is made.