Small Business Account Required for Ebay

The_Grateful_Ghoul

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.

Bean_Counter

There is a separate thread for business bank accounts:

http://forums.moneysavingexpert.com/showthread.html?t=136054

windswept

We have ours with Abbey, no charges whatsoever, all done online.

The_Grateful_Ghoul

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

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

Torby

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

kimbatty

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.

windswept

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.

thriftyjo

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

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....