Bank account for for business (but not business account!)

emmajayne18_2

Hello
I am looking for a bank account for a very small cottage industry business that I have. I call it a business only really because of my tax return but it's more of a hobby. I don't want a business bank account that charges me I just want to keep my money seperate from my main account. Some months there may be no transactions going through, others one or two.

Does anyone know of a normal bank account that does not have a minimum balance/money to be paid in?

Thanks

supermonkey

I have an HSBC business account. I have never bee charged on it

Wywth

emmajayne18 wrote: »

Hello
I am looking for a bank account for a very small cottage industry business that I have. I call it a business only really because of my tax return but it's more of a hobby. I don't want a business bank account that charges me I just want to keep my money seperate from my main account. Some months there may be no transactions going through, others one or two.

Does anyone know of a normal bank account that does not have a minimum balance/money to be paid in?

Thanks

I know HSBC, for one, have a current account withouit any minimum monthly credit requirement.

I can't find specific details on line but check out this link
http://www.hsbc.co.uk/1/2/current-accounts/bank-account?
and click on "Check the full details"

There it says:

(If you don't make the £500 monthly payment required to maintain your account, we will either change it to a Current Account or give you notice that we will be closing your account. If you are under the age of 24, the qualification criteria will not apply.)

If you are up front from the start with them, they should be able to consider you for that current account


Edit: This thread also has some more options
https://forums.moneysavingexpert.com/discussion/3030306
(But note it is 2 years old and closed, so check direct with the bank the suggestions are still available )

Edit 2: This link also has a number of current accounts with no minimum monthly credit requirement (or monthly fee)
http://www.money.co.uk/current-accounts.htm