Help with Business banking charges?

youngdiablo

Good afternoon all,

I set up a company about a year ago, dealing with LPG gas. I have one supplier and when they used to deliver i used to pay the amount they delivered straight into their bank account, pretty much straight forward.

Now about three months ago, they said they would be changing this and I would need to pay into my business account and they would take the money from there into there account.

The problem I am having is I am depositing between fifty to sixty grand a month into my account and Sandanter are charging me to count the money, I was charged £162.00 in bank charges last month and my profit margins are really low as it stands without the bank charges.

I have installed an credit and debit card machine at my premises but most of my customers pay cash.

is there anyone that can help me with this matter?

opinions4u

Offer your customers a discount for paying by other means.

youngdiablo

opinions4u wrote: »

Offer your customers a discount for paying by other means.

I have already tried, but 95% of my customers are taxi drivers, and they get paid in cash so they want to pay me in cash.

I was thinking more of the lines of changing banks or do they all charge the same rates?

DesG

With that volume of cash, I don't think you can avoid charges, just compare who would be the cheapest and move to them.

Or increase your profit margin to cover the costs of doing business?

Cheers, Des.