Business Account Switching - Incentives?

adtrix

Hi guys, I have two small companies and not happy with HSBC anymore since they want to control what account data I can see online.

I wondered if you'd seen any banks offering switching incentives for business account??

Thanks

Aquamania

adtrix wrote: »

Hi guys, I have two small companies and not happy with HSBC anymore since they want to control what account data I can see online.

I wondered if you'd seen any banks offering switching incentives for business account??

Thanks

If you are thinking of say £100 welcome bonus as is offered for many personal accounts, then I don't know of any.

But incentives come in all forms. Check out the small business bank account guide and thread
https://forums.moneysavingexpert.com/discussion/2103019

You should, for example, be able to secure a period of fee free business banking for switching to a new bank

lincroft1710

adtrix wrote: »

Hi guys, I have two small companies and not happy with HSBC anymore since they want to control what account data I can see online.

Is this a proposed or actual action by HSBC? Would or does this affect all their business clients or just selected ones?

If a proposal and selective, I would be challenging them on the basis of causing inconvenience to their customers and creating ill-will and potential loss of that customer.

Obviously if you do switch to another bank, ensure that bank does not operate a similar policy

TheTracker

The only 'incentive' I know os they don't charge you for a year or two. Lloyds has a 'business toolbox' with some mildly preferential rates for 3rd party services. The pain of changing business bank is ensuring clients do not use the old details.