Bank account for business partnership

susfloos

Looking for recommendations of best bank account for a new business partnership (two sole traders working together) - looks like it’s tricky to find one easily. Any advice gratefully received! Thanks.

Sandtree

Define best?

There isnt the greatest differences between the different offerings from the banks for business bank accounts, most offer 1-2 years free banking before the fees kick in. Some may make offerings that favour online transactions -v- cash which may sway you.

Any reason you dont want to use the banks you currently use for your sole trader activity?

Savvy_Sue

Do you need a bank to handle cash? If you do, your choice is limited to those with branches within sensible reach, or which offer cash handling services through the Post Office. 

Apart from that I'm with Sandtree, often better the devil you know ... 

jonesMUFCforever

susfloos said:

Looking for recommendations of best bank account for a new business partnership (two sole traders working together) - looks like it’s tricky to find one easily. Any advice gratefully received! Thanks.

Two sole traders working together does not make a partnership in my book.
A partnership needs a Partnership agreement set up detailing the role of each partner what they can and cannot do with say the taking out of overdrafts, loans etc within the partnership.
Is that what you intend to do or are you two people who say will work together and each gets paid separately?