Setting up a RTM bank account

Rbutcher81

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.

dr_adidas01

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.