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free business accounts?

are there any free Business accounts available?
I want to take in no more than 20 payments a months.
Total anual income would be £10k
Will withraw once a month if anything.

Thanks for any help

Comments

  • gt94sss2
    gt94sss2 Posts: 6,411 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    It depends on how you use your account, but the HSBC Business Direct Account is free as long as you stay within certain transactional limits - and designed for companies which mainly do telephone/internet transactions.

    The Co-op also offer free business accounts to members of the Federation of Small Business.

    Regards
    Sunil
  • myright
    myright Posts: 689 Forumite
    tbh I just probs have 1 or 2 even 0 sales in a month to start off with. Would that be ok
  • myright
    myright Posts: 689 Forumite
    is there a minimum that needs to be paid into the a/c?
  • gt94sss2
    gt94sss2 Posts: 6,411 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    myright wrote: »
    tbh I just probs have 1 or 2 even 0 sales in a month to start off with. Would that be ok

    Yes, should be fine. There shoudn't be any charges if the transactions are electronic (or by cheque at that level)
    is there a minimum that needs to be paid into the a/c?
    Not AFAIK - worth checking it HSBC..

    Regards
    Sunil
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