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Business bank account
baker6743
Posts: 39
Forumite
Hi I'm all set up for a business account just need a bank account who's best for my online business
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Comments
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what do you mean by "best"?
you don't seem to have made much effort at finding out for yourself
https://www.moneysavingexpert.com/banking/business-bank-account/
https://www.which.co.uk/money/banking/bank-accounts/business-bank-accounts-a6ncf6r8jqz1
comparison websites exist just as they do for personal accounts
https://www.money.co.uk/current-accounts/business-bank-accounts.htm
https://smallbusinessprices.co.uk/business-bank-accounts/
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We use Starling
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If you are a member of the Federation of Small Businesses amongst other benefits you can have a Co-op business fee free bank account, charges apply to cash deposits over £1000 I think per month, used to be 2K. It now have a mobile app and is much better and better to access and pay bills etc too.
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I use Starling. It's free (for all the things that I need it for) and the app is really easy to use - much better than most of the bigger bank's apps that I've seen/used.0
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Given its online then something like Starling is likely to work well for you. It does have a relatively low cash deposit limit but presumably that wont be a problem for you.gavin7 said:Hi I'm all set up for a business account just need a bank account who's best for my online business0 -
Virgin M Account for Business worked fine for me for the last 2 years and it is free.
You can have a saving account with them as well, paying 1% interest right now.0 -
I tried Starling but it regularly experienced service issues, I'm now with Virgin money and no problems so farI am a Senior Forum Ambassador and I support the Forum Team on the Wales, Small Biz MoneySaving, In My Home (includes DIY) MoneySaving, and Old style MoneySaving boards. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.0
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