Commerciatl mortgage - transaction charges on the business account

alirob12

Hi i wonder if anyone can help. as we have a business attached to a home when we got the mortgage it had to be a commercial mortgage and part business loan. The rep also set up a business bank account, where all the mortgage payments and bank charges come from. My question is - is it a requirement to have the business account if one has a commercial mortgage / business loan. They are charging us for pretty much every transaction and i want to get rid of that account and just use my 'normal' free account?
Thank you in advance

Thrugelmir

If the business account was a condition of the loan advance then yes would the answer.

Unlike personal accounts business banking isn't always free.

alirob12

thanks... Will need to go and check in that case as hate seeing the money slip away each month.... Thank you