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Setting up a RTM bank account

Rbutcher81
Rbutcher81 Posts: 2 Newbie
in Budgeting & bank accounts
Hi there.

We have just formed a right to manage company for our block of flats and need to setup a bank account to keep monthly service charge contributions in / pay bills etc.

I was wondering if anyone had any advice or recommendations on what bank/account would be suitable. I have looked on most banks websites but couldn't see much at all about accounts for RTM companies.

Thanks

Rob.

Comments

  • dr_adidas01
    dr_adidas01 Posts: 2,158 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Rbutcher81 wrote: »
    Hi there.

    We have just formed a right to manage company for our block of flats and need to setup a bank account to keep monthly service charge contributions in / pay bills etc.

    I was wondering if anyone had any advice or recommendations on what bank/account would be suitable. I have looked on most banks websites but couldn't see much at all about accounts for RTM companies.

    Thanks

    Rob.

    It will have to be a business account as banks wont allow a personal account to be used for this purpose. Perhaps you should go and speak to a business banking advisor in one of the banks you are interested in using.
    Time is a path from the past to the future and back again. The present is the crossroads of both. :cool:
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