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Small Business Account Required for Ebay

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I want to turn my Ebay Hobby into a business, all I need is a Business Bank Account so I can keep my books as a seperate entity.

Can anyone reccomend the best business bank account to do this, I have been looking at HSBC, but was wondering what you guys thought.

Most payments are received by Pay Pal so as long as I have internet banking and a card, that should be all I need.

Comments

  • Bean_Counter
    Bean_Counter Posts: 1,496 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    There is a separate thread for business bank accounts:

    http://forums.moneysavingexpert.com/showthread.html?t=136054
    Today is the first day of the rest of your life
  • windswept
    windswept Posts: 1,412 Forumite
    We have ours with Abbey, no charges whatsoever, all done online.
    "There is a light that never goes out"
  • windswept wrote: »
    We have ours with Abbey, no charges whatsoever, all done online.


    Soundslike just what I'm looking for, huge thanks for your help.
  • kimbatty
    kimbatty Posts: 1,367 Forumite
    I use Abbey and get free banking so particularly good for clearing cheques. I also use Barclays for my credit card merchant. A lot of business bank accounts are free or very cheap for electronic payment transfers so it could be worth shopping around to check out some of the others as well.

    Abbey are ok but I do find them a bit more limiting if you wanted to go into a branch and see anyone as there's no business people in the branches and you have to send your cheques through the post BUT having said that it's free so that's always a bonus
    If you obey all the rules, you miss all the fun:cool:

    Don't mess with me sucker!!!

    MSE squirrels club Member #2 - now where did I hide those nuts :D :eek:
  • Torby
    Torby Posts: 1,704 Forumite
    We were thinking of Abbey as well, but I thought I read somewhere that you could lodge your cheques through the ATM machines....mmmm ...wonder can you withdraw as well


    Torby
    I'm now a retired teacher... hooray ...:j

    Those who can do, those who can't, come to me for lessons:cool:

  • kimbatty
    kimbatty Posts: 1,367 Forumite
    Torby wrote: »
    We were thinking of Abbey as well, but I thought I read somewhere that you could lodge your cheques through the ATM machines....mmmm ...wonder can you withdraw as well


    Torby

    Not sure if you can put the business cheques into the cashpoint, not tried that one BUT you can definately draw money out from the cashpoint using your business card so no worries on that one.
    If you obey all the rules, you miss all the fun:cool:

    Don't mess with me sucker!!!

    MSE squirrels club Member #2 - now where did I hide those nuts :D :eek:
  • windswept
    windswept Posts: 1,412 Forumite
    Yes, you can deposit both cash and cheques into the machines, at my branch they have a special machine inside the branch for these deposits.
    "There is a light that never goes out"
  • thriftyjo
    thriftyjo Posts: 281 Forumite
    I can reccomend ABBEY business banking aswell give you lots of free facilities each month - you can also post cheques to them save - a trip to the cashpoint.
  • Torby
    Torby Posts: 1,704 Forumite
    Just mailed off our application to Abbey....wonder how long it takes....lol.....'spose a lot of it has to do with whether we've filled in the forms correctly.....lol....
    I'm now a retired teacher... hooray ...:j

    Those who can do, those who can't, come to me for lessons:cool:

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